select
|

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
  
2000
Characters remaining


    Latest Property News
    • 20 Nov 2017
      Since 2012, sectional title complexes have been leading the South African property market, not only in terms of price growth, but sales volumes as well. Remaining relatively strong, even in the face of 2017’s political and economic turmoil, experts say this market segment could offer valuable insight into South Africans’ property purchase priorities.
    • 20 Nov 2017
      Regardless of whether you are purchasing your first start-up home, downsizing or moving in with roommates, finding ways to maximise small spaces can be a big advantage, says Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa.
    • 20 Nov 2017
      Property valued at approximately R1 billion is on High Street Auctions’ sales floor during the month of November, including the much-anticipated sale of the Tshwane Mayoral Residence and the land occupied by one of South Africa’s oldest operating gold mines.
    • 17 Nov 2017
      FWJK has announced the launch of its latest residential brand, the Lil’ Apple, which will be launched simultaneously in two developments in Cape Town and Umhlanga totaling 600 apartments. The Lil’ Apple is set to be a brand of FWJK’s New York style apartments which will be rolled out nationally.
    • 17 Nov 2017
      It’s been a tumultuous year on many fronts, with socio-political uncertainty setting the tone for much of South Africa’s economic activity yet despite this and seemingly counter-intuitively, the residential property market has held up well.
    • 17 Nov 2017
      The EAAB (the Estate Agency Affairs Board) recently claimed that around 50,000 illegal estate agents could currently be operating illegally.
    • 16 Nov 2017
      Penthouses are synonymous with New York – characterised by high-rise living that is decidedly luxurious and spacious. While exclusivity comes at a price, you can still create a “penthouse” look and feel in your existing apartment or even the upstairs bedroom of a double storey house with some clever design changes and styling touches.
    • 16 Nov 2017
      The area has long been popular with kite surfers and, with escalating property prices in Cape Town itself, is increasingly in demand with home owners who work in town, but are looking to invest in more affordable properties.
        
    X
    Subscribe to the MyProperty Newsletter

    Name  
    Last Name  
    Email Address  
    Email Frequency
    select
    X
    Share this Page

       
    For Sale Property
    Rental Property
    More Options
    About
    Connect with us
    FEEDBACK