Barcelona’s Mamarosa makes UK debut at Shoreditch Village


Shoreditch Village has announced the signing of Mamarosa, expanding the restaurant from its pioneering location beneath the prestigious 5-star W hotel in Barcelona and debuting it in the UK. The new two-storey 1,950 sq ft Italian and Mediterranean fusion restaurant will be positioned adjacent to the citizenM boutique hotel and is due for completion in 2018. The restaurant is a favourite among celebrities such as Lewis Hamilton, Eva Mendes, Hugh Grant, and Shakira.

Mamarosa Shoreditch is the second restaurant of its brand name to be delivered by Dotel Clear Group and follows the success of Mamarosa Beach, which was established in 2011. The new restaurant will serve signature dishes such as tuna tartar with avocado cream and passion fruit, milanesa of chicken with arugula, and black angus loin, alongside a selection of pizzas, fine wines, cocktails and live music. Mamarosa will shortly be looking to appoint a Head Chef for the London venture, with the recruitment and training being overseen by the current Executive Chef of the Beach venue.

Dominic White, Managing Director of Shoreditch Village commented: “We are delighted that Mamarosa has chosen our site as the destination from which to grow their brand and legacy out of Spain. The new restaurant will add to the vibrancy of our public space as we work to connect to the surrounding streets and curate a thoughtful tenant mix made up of expanding and independent businesses.”

Dotel Clear Group was established in 2010 by Francesco Labriola and two of his long-term friends. Their shared passion for international food and culinary hotspots led them to devise the concept for the Mamarosa restaurant.

Francesco Labriola, Owner of Mamarosa commented:Mamarosa Beach has been an incredible success, and we are very much looking forward to replicating this with our Shoreditch restaurant.  Our long-term development plan is to expand in locations with real character, and Shoreditch Village appealed to us as a visionary project within London’s creative hub.”

Craig Fisher, Founder and Managing Director of CF Commercial, commented: “Having established itself as one of Barcelona’s premier dining experiences, to have Mamarosa opening its second branch in Shoreditch Village is incredibly exciting. Having a top-tier restaurant alongside independent businesses, a pop-up market and new public realm will see Shoreditch Village emerge as a leading destination within one of London’s coolest neighbourhoods.”

Shoreditch Village is a 150,000 sq ft mixed-use and public realm scheme situated in the heart of London’s E1, and bordered by Holywell Lane, King John Court, and New Inn Yard. Its offer consists of a 216 bedroom citizenM hotel, eight luxury apartments, and three retail units alongside the new restaurant building.

The site was historically a Victorian timber yard, and is currently owned by Dominic White and Andrew Hall, who’s families purchased the land in the 1970s as a storage facility for their fit-out business.

Phase 2 of the development was sold to Brockton Capital in 2016, which once complete, is expected to provide around 50,000 sq ft of warehouse-style office space, 20,000 sq ft of flexible retail space, and a street market, all surrounded by an open and inviting, south-facing public realm. Development of this phase will commence in 2018, with completion scheduled for 2020.

Shoreditch Village is located just a short walk to Shoreditch High Street (Zone 1: Overground) and Liverpool Street (Zone 1: Hammersmith & City, Circle, Metropolitan, and Central lines) stations.

CF Commercial acted on behalf of Shoreditch Village on the Mamarosa letting.

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Landsec unveils UK’s largest shopping centre solar panel system


Landsec, the UK’s largest listed commercial property company, has unveiled the installation of the biggest solar photovoltaic (PV) system at a retail site in the UK. The installation, situated on the roof of the White Rose shopping centre in Leeds, will generate 680,000 kWh of power a year, enough electricity to power over 200 UK homes for 12 months. The PV will supply 39% of the daytime electricity used in the mall areas of the centre.

In its first year, the system will reduce carbon emissions at White Rose by 250 tonnes; the equivalent of over half a million miles of passenger car emissions. It consists of 2,902 individual panels, each of which measures 1.6 m².

The PV will maximise on-site renewable energy generation, reduce electricity consumption from the grid and deliver significant financial benefits to retailers based at White Rose. It forms a key part of the ongoing sustainability strategy at the centre, which includes a comprehensive bio-diversity programme alongside energy efficiency measures and a focus on reducing food waste.

Scott Parsons, Managing Director, Retail, Landsec, said: “We are extremely proud to have set a UK-wide benchmark for renewable electricity. Landsec is committed to setting and achieving ambitious sustainability targets and this is a fantastic example of how innovative thinking can benefit both retailers and the environment.”

The PV was installed over a period of six weeks by EvoEnergy. Syzygy Renewables Ltd acted as project managers for Landsec.

Landsec is at the forefront of sustainable energy innovation in the UK property sector. Across its portfolio, nine assets have their own solar PV installed, each of which reduces energy consumption from the grid. Last year, it became the first property company in the UK to use 100% renewable electricity.

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MAPIC 2017 – 100 Days to go


It’s no secret that us Brits love to complain about the weather, in fact it’s a national obsession, but during the recent downpours we’ve been able to distract ourselves by thinking of somewhere slightly warmer, France. Yes, that’s right, there’s only 100 days left until MAPIC 2017, when 8,400 participants and 700 exhibitions take over the beautiful Palais des Festivals in sunny Cannes.

MAPIC is a huge and exciting event for all of us here at Innesco, when we head out to the beautiful Niçois coast to represent our prominent clients. We have been going to THE definitive retail property market event for the last 15 consecutive years, and for us the whole experience has turned into a ritualistic event. From our CEO Dan Innes cycling to Cannes, to the team coming up with innovative, engaging and instantly recognisable stands for our clients.

2017’s main MAPIC topic this year is Food & Beverage, and we are eager to hear more about how F&B is transforming retail destinations by creating authentic dining options contributing to more engaging and emotional shopping experiences. The show will also include conferences and events on shopping across the world, high street and e-commerce trends, as well as digital solutions. For the first time, MAPIC will have a tasting area where brands can showcase their new food offerings and concepts. Who doesn’t love a good food sampling area? We’re really looking forward to trying that out.

Innesco has represented more than 160 major real estate companies and industry bodies around the world of various sizes. That means we can add value through thoughtful advice and intelligence, something that consistently informs our strategy and thinking. MAPIC is a brilliant opportunity and key place for our clients to strengthen their reputation and build their brand in the marketplace.

If you need any help to better your business at MAPIC, do get in touch with Innesco. It’s never too early to start planning for MAPIC, and remember – 100 days to go!

Contact dan.innes@innesco.co.uk 

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Studio B – Embracing Innovation with An Open Dialogue


A hot debate among the retail and business sectors is how to embrace the changing attitudes and behaviours of consumers. With certain companies reluctant to undertake major changes to the layout of their stores in fear of these developments being seen as fads or trends that will disappear or shift over time. So, the question is, how do they respond for the here and now, to ensure they are meeting consumer expectations?

The answer can be found at Studio B – a new concept from Clydesdale and Yorkshire Banks in and designed by Market Gravity and Four by Two. A prime example of how to create an open dialogue with consumers, all whilst enhancing your products and quality of service.

Keen to see the layout of this modern banking facility turned innovation hub, Innesco paid Studio B a visit this week at their 150 Kensington High Street base. Upon first impressions, you’d be forgiven for walking right past the building as it certainly does not look like your traditional bank façade, rather it evokes feelings of a luxury boutique, with bold letters stating ‘Bright ideas to make you smile’, and admittedly, it did just that.

Walking in unannounced, we were greeted by Centre Manager Liz Barlow, who graciously offered to show us around and explain the layout and thinking behind this innovation hub.

“We openly encourage not just our customers, but members of the public to come in, relax, and share ideas should they see fit” explains Liz, “Banking is part of what we offer here, but above all, its about continually improving our quality and level of service, and moving away from the stereotype that banks can’t be interesting places to spend your time and share your views.”

Liz directs us to The Innovation Lab, a traditionally hidden area within most banks where senior staff devise how to improve products and services. At Studio B, they have positioned it to the front of the room as you walk in and operate an open-door policy to the public. If you have an idea you’d like to share then this is the place to do it, and if it has potential, there’s a high chance it can be developed into real solutions for everyday life.

To the centre of the room is The Showcase, arranged with a series of smart phones and devices. Here, you can perform most of your banking duties such as signing up for an account without having to queue for a teller – ideal for those who are in a hurry. For the more private of banking needs, there are of course the Branch meeting rooms. Research  has found that most customers prefer the tables which neighbour these with their built-in smart technology, where you can, for example, discuss or apply for a mortgage with more discretion.

Perhaps the most unusual offering within Studio B is The Café, which offers free refreshments and Wi-Fi to visitors set among relaxed seating and tables. A breath of fresh air to the traditional banking setup, Studio B has witnessed a dramatic rise in dwell time with its addition, and have found that often visitors will use this as a working space, with many preferring to discuss their banking needs among this setting. Clydesdale and Yorkshire Banks are working to keep the momentum going within Studio B and regularly host free events within this space, posted on Eventbrite to reach the masses, not just customers. Liz mentions they have had enquiries through from everyone from artists looking to exhibit, to comedians and sommeliers.  A bank embracing comedy? Now that’s something we would like to see.

Studio B is a model worth consideration calling the consumer into focus. The best example of this? Members of the Innesco team are in the process of switching banks who they’ve been loyal to for decades long. Consider us sold.

You can visit the Studio B website here.

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Tasty insights at MAPIC: Food Unplugged


Last week we attended the cozy rooftop of Aqua Nueva in central London, where MAPIC commenced a delicious series of ‘unplugged’ networking events in 2017. Hosted by JLL Foodservice Consulting, the evening constituted the first stop on a sector-specific international road trip for the retail property tradeshow, focusing on both the fundamental and finer ingredients involved in the successful execution of contemporary F&B.

Foodservice is experiencing rapid growth around the world, particularly in London, in terms of both occupancy and importance. As ‘experiences’ continue to dominate consumer preferences, F&B offerings have become pivotal in determining where people choose to shop. With fundamental shifts in shoppers’ behaviour, it is integral that every component of the sector understands the prevalent challenges facing brick and mortar and deliver innovative concepts that fit within the new framework of an increasingly digital market. This was the broad umbrella under which MAPIC’s eclectic mix of speakers, including landlords, developers, owners and entrepreneurs, occupied a single stool and, without a microphone or visual aids, offered intimate accounts of their professional journeys and outlooks on the future of the industry.

“When you taste, real, genuine, honest food, it stays with you forever”, proclaimed Former boss of Harrods Food Hall and current Time Out Market CEO, Didier Souillat, kicking off a string of engaging speeches that covered this year’s hottest topics. From the quick turn-over appeal and inherent freedom of food halls and markets, to the wider drawbacks of inflexible long-term leases and huge wall of costs facing restaurateurs discussed by Hammerson’s Sarah Fox, every insight brought us closer to the vigorous pulse of F&B.

Other speakers included James and Thom Elliot, founders of London-based restaurant ‘Pizza Pilgram’, who detailed the highs and lows of starting out as an independent as well as the current value of creating a strong, unique brand around a single-dish concept restaurant. Similarly, Stephen Tozer of Soho’s acclaimed ‘Le Bab’ restaurant talked recreating the Kebab in the wave of ‘gourmatization’ sweeping the city. According to Tozer, “consolidating the things we value” is the way to the heart of the modern consumer. Highlighting that concept restaurants are now looking to open outside London due to lower rents, Tozer also drew our attention to the resurgent significance of location. Founder of Benugo, Ben Warner echoed these remarks earlier in the evening as he discussed his company’s privileged position in the coffee shop sector, having established deals to open in some of London’s most iconic locations, including the V&A and British Film Institute on Southbank.

We also heard about the importance of place making for the modern consumer lifestyle from Alice Keown, Asset Manager at British Land, which in early April announced a deal with Pergola to create a vibrant new 850-capacity al-fresco F&B venue in Paddington. Additionally, UberEATS GM, Toussant Watinne provided a strategic perspective on the impact of technology on the home-delivery sector. The emergence of app-based delivery companies has, in the last few years, revolutionised our ability to consume restaurant-standard cuisine from the comfort of our homes. In light of the company’s rapid success, Watinne expressed great ambitions for the future, which involve the repositioning of such dining habits as the everyday norm.

Overall, it was an excellent evening that confirmed the vitality of F&B in the capital and set the scene for MAPIC Italy and MAPIC 2017. The Innesco team in attendance were active on social media from start to finish, reaching a few thousand more users, while harnessing the networking opportunities to engage with some truly fascinating people. In the undercurrent of every discussion resonated a palpable passion for the industry, and, as a result, we came away invigorated with an insatiable appetite for good food.

Natalie Depietro welcomes guests to MAPIC: Food Unplugged

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Next to open Yorkshire flagship at White Rose


White Rose Shopping Centre, owned and managed by Land Securities, confirms that Next has chosen to invest in a major new 55,000 sq ft flagship store, utilising the former BHS department store space.

Next, one of Britain’s most dominant fashion retailers, will upsize and re-locate from its existing 29,000 sq ft store, taking nearly double the floor space to create a new two-floor flagship. The flagship will be at the centre of the scheme opposite Topshop, TopMan, Tessuti and adjacent to Miss Selfridge. The expanded store will allow the retailer to extend its popular collections, as well as stock merchandise from its children and homeware department which are currently not sold in the centre. The store is due to open in June 2017.

Next is investing £6 million of redesign and reconfiguration works to the flagship unit including a considerable increase in the amount of external glazing, adding a double-height exterior frontage as well as a contemporary store fit-out in line with the recent modernisations to the Next at Bluewater in Kent – also jointly owned and managed by Land Securities. Land Securities is dedicated to providing its customers and communities with the most dominant shopping centres, as reflected in the ongoing leisure extension at White Rose Shopping Centre and the centre’s high percentage of retailer investment with 33% of its stores refitting in the last three years.

Next’s decision to invest in the former BHS unit follows the current 65,000 sq ft leisure expansion works at White Rose Shopping Centre, which will introduce an 11-screen Cineworld IMAX cinema and six new restaurants, including Wagamama, TGI Fridays, Pizza Hut and Chiquito, to the area. Both developments complement the recently refreshed F&B offer at the 737,385 sq ft centre, which tripled the overall size of the eating space provided by ‘The Balcony’ – a 20,000 sq ft £7 million dining destination which includes multiple grab and go offers as well as six casual dining options such as Frankie & Benny’s, Nando’s and Pizza Express.

Rob Jewell, Portfolio Director at Land Securities, stated, “This significant upsize for Next is a major signal that retailers are eager to invest and expand with us at White Rose Shopping Centre – one of the strongest performing centres in our retail portfolio. As a result, the centre’s retail offering continues to evolve, boosted by our significant leisure and entertainment extension that will open in the Summer, helping to support and underpin the demand for a full-day destination experience from our loyal customers.”

JLL acted for Land Securities, whilst Next acted for itself.

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Meyer Bergman achieves record trading at Galeria Katowicka for 2016


Meyer Bergman, the privately owned real estate investment management firm, announces the 2016 performance figures for its Galeria Katowicka shopping centre in the city of Katowice in South-West Poland today. The 511,300 sq ft (47,500 sq m) shopping centre achieved sales growth of some +13% when compared to last year, whilst footfall grew by +8%, bucking the national trend in Poland which sits at -0.1%1.

2016 was therefore the third year of consistent growth since opening, and the 2017 performance is looking promising with a total of 25 new retail and leisure deals signed in 2016, taking the scheme close to 100% let for the year ahead. The centre has achieved year on year positive growth figures ever since the centre opened in 2013, with sales rising 34% and footfall increasing +27% from its first full year of operation in 2014.

Meyer Bergman’s asset management team has worked actively during 2016 to strengthen the retailtainment and family offering at the scheme by introducing brands such as Martes Sportswear with a 10,800 sq ft (1,000 sq m) store, Matras with a new format multimedia of 5,380 sq ft (500 sq m), Fit4Kids playground 800 Sq ft (75 sq m) and Iskra dance school 2,000 Sq ft (190 sq m).

Two of the most recent deals signed in December 2016 includes the Italian restaurant Pasta Masta 1,300 Sq ft (200 sq m) and men’s fashion retailer Fabio Groano 1,300 Sq ft (120 sq m). (See Editors notes for full list of 2016 signings).

Peter Evans, Asset Manager for Central and Eastern Europe and Vice President at Meyer Bergman commented:

“Meyer Bergman is particularly proud to release these positive figures for Galeria Katowicka. Poland is a growing retail market, with our scheme continually attracting both national and international brands looking to expand within the market. This shows the real confidence these retailers have in our centre. Announcing our 2016 performance is just one of the many exciting pieces of news we have for 2017, and is an excellent way to start out the year.”

1 ShopperTrak (Poland) National Index

Further evidence of Galeria Katowicka’s strong performance is the centre’s loyalty programme which attracted 17,500 new members in 2016 and the scheme’s mobile app ‘Navishopper’ rewarding customer spend – downloaded by over 32,000 people over the year.

Ilona Szafer, Asset Manager at Meyer Bergman commented:

“2016 has been a great year for Galeria Katowicka, with initiatives such as our loyalty program proving the scheme has strengthened its position across the whole region of Silesia. The team has worked hard to achieve these results by introducing a multitude of new brands to the scheme and diversifying the tenant mix even further.”

Meyer Bergman worked in conjunction with Apsys on the leasing deals at the centre.

Galeria Katowicka: Galeria Katowicka is located in Katowice, south west Poland. The scheme has a GLA of 511,285 sq ft (47,500 sq m). The centre lies within the city’s main square, and is comprised of three distinct projects that include the main railway station and bus terminus, the Galeria Katowicka shopping centre itself and Grand Central – a standalone mixed use building. The shopping centre offers direct access to the railway station and the underground public bus terminal.

New retailers signed to the scheme in 2016:

Retailer

Sector

Sq ft

Sq m

5.10.15

Kidswear

893

83

Briju

Jewellery

592

55

Centrum Wina

Wine bar

387

36

Fabio Groano

Men’s fashion

1,259

117

Fit4Kids

Playground

807

75

Iskra dance school

Leisure

2012

187

Kreatywne Maluchy

Kids play

947

88

Loake Shoemaker

Footwear

517

48

Martes

Sportswear

10,763

1,000

Matras

Multimedia

5,381

500

mBank

Banking service

990

92

New Balance

Footwear

1,507

140

Pasta Masta

Italian restaurant

1,270

118

R. Rainbow

Travel agents

334

31

Smart Connect

Mobile Accessories

915

85

You Dessert It

Café

285

26

 

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