Retail Real Estate sector tackles best Practices as Globalization rises

ICSC Retail Real Estate World Summit Forum will address Globalization of Retail, state of Retail Real Estate Investment, effect of macroeconomic conditions and Political climate, and best practices for Global Retail Property Development.

With the largest retail real estate developers and retailers having saturated home markets, there is an increasing drive across the globe to invest outside firms' home markets. But doing so brings along with it challenges as companies have to learn the vagaries of new markets, including local customs and tastes, different laws and lease structures and exposure to new risks.

To address these concerns, ICSC is devoting the 2012 Retail Real Estate World Summit, taking place in Shanghai, China from September 11 through 14, to the challenges of globalization. To discuss the summit and its goals, ICSC assembled a panel of leading lights from around the globe that took place as part of ICSC's RECon show in Las Vegas.

The panel included Alfredo Cohen, director, of Venezuelan firm Constructora Sambil; Sandeep L. Mathrani, CEO, General Growth Properties Inc.; Michael Rodel, COO of South African investor Rebosis Property Fund; Peter Sharp, senior vice president, Wal-Mart Stores Inc. in Asia, Ian Thomas, chairman of Canadian firm Thomas Consultants Inc. and Marcus Wild, CEO of Austria-based SES Spar European Shopping Centers.

"My original thought was that the Summit would explore how American companies or European companies needed to go to the Far East to grow our businesses," said Mathrani, who, along with Rodel, is co-chair of the event. "But over the last six months to one year, I realized the purpose of the Summit is to facilitate a cross-border exchange of ideas. It's as much about us being exposed to what's going on in China and India as it is about us accessing tenants based in those locations or capital that is based in those locations. The knowledge base goes both ways."

"It's really an opportunity for everyone to be exposed to the opportunities that present themselves as the globalization of retail unfolds," Rodel added. "Developers have historically focused on opportunities in our own geographies and don't look at what's presented elsewhere in world.

Today, growth is generally moving from West to East and from North to South across the globe. So if your objective is to grow, you have to understand those trends and opportunities in different countries."

  Comment on this Article

  Please login to post comments

Post to my facebook wall
Characters remaining

    Latest Property News
    • 20 Apr 2018
      Whenever changes in the political ecosystem of a traditional property market create uncertainty, smart investors begin to look elsewhere for new opportunities. Property experts at IP Global have analysed the trends and crunched the numbers to find new markets to explore in Europe and the United States.
    • 20 Apr 2018
      Energy and water self-sufficiency are increasingly important factors in home buyers’ choice of property – especially in Cape Town where the extreme drought of the past few years has made municipal supply costly as well as uncertain.
    • 19 Apr 2018
      During the last decade, rampant development has progressively transformed Cape Town’s property landscape with densification being the order of the day, but there are still one or two hidden gems like Scarborough which have retained their original character, offering an inimitable lifestyle and an attractive investment opportunity.
    • 19 Apr 2018
      The rental market is a cut-throat sector of the real estate market that waits for nobody. According to Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa, first-time renters need to be fully prepared before they even start the process of looking for a place to rent in order to avoid the disappointment of losing out on their ideal property.
    • 19 Apr 2018
      Choosing to buy your first home instead of continuing to rent is a big decision that will usually take some time to put into action, but the sooner you can save up a sizeable deposit, the closer you will be to reaching your goal.
    • 18 Apr 2018
      Selling your home is no small task and as you will quickly find out, there are a lot of misconceptions about the process. Gerhard van der Linde, Seeff's MD in Pretoria East lists the top 5 misconceptions when you are selling your home.
    • 18 Apr 2018
      The Cape Town municipality is now installing water-management devices at properties that have been non-compliant with the new level 5 water restrictions and there are talks of fines between R5,000 and R10,000 for households that use too much water.
    • 17 Apr 2018
      The recent interest rate cut has stoked the coals in the first-time buyer’s market. At least for the next two months until the next interest rate announcement, homeowners are guaranteed lower monthly instalments than in the previous quarter. But, is it wise to take out a 100% bond just to enter the property market while interest rates are low?
    Subscribe to the MyProperty Newsletter

    Last Name  
    Email Address  
    Email Frequency
    Share this Page

    For Sale Property
    Rental Property
    More Options
    Connect with us