16th year of de MAPIC Trade Show13.06.2010
Festival palace of French Cannes became from 17th until 19th of November an exhibition stage for the already 16th year of MAPIC trade show, focused on real estates for commercial use, especially shopping centres.
7.400 visitors from 2.940 companies of 67 countries of all over the world visited Cannes this year. The visitors were especially developers, investors, real estate agencies, representatives of the cities and the whole regions, retail chains, stations and airports. Visit rate of the trade show rose in comparison with the previous year by 10%. MAPIC keeps its position of the most significant forum specialized on global retail market. This year, moreover, points at comeback of optimism and trust in this segment of real estate market.
Participation of Czech Republic remained approximately the same as last year. Cannes visited over 20 companies active on the Czech market. Economic recession influencing the Czech retail market mirrored in the structure of inland participation. Over the last years, MAPIC used to be an ideal platform for developers to present and offer their business centres especially to their potential tenants, but this year’s event eliminated this option to minimum. Czech developers were at the exhibition stage earlier than visitors without their own stands (e.g. Crestyl Management, Pointpark Properties, and Lordship etc.). This is the result of the fact, that only 117.000 m² will be added to inland retail real estates this year. In the capital city Prague was opened only one business centre Galerie Harfa, and very similar situation concerns the regions. Actually, the only Czech developer, who opened his exhibition was MINT Investments Company focusing on Czech and Slovak regional centres (in initial phase Breda & Weinstein in Opava, Stadium in Žilina and second phase of the project Laugaricio in Trenčín) and last but not least, construction of Retail Park in Čestlice near Prague. Besides Czech developers also inland active retail chains were represented on the trade show (e.g. Datart International, Sephora, Pietro Filipi, McDonald´s, Toys Way Service) and consulting companies. Sebastien Dejanovski, partner of MINT Investments, stated: „We can see a continuous revival and slight increase on European retail markets. According to the information by Jones Lang LaSalle, direct investments into retail business real estates in Europe in first three quarters reached 15,2 billion euros, what is approximately at 90% more in comparison with the same period last year. Marks and representatives of retail chains established inland or active abroad start to look for attractive locations, especially in regions, where demand on shopping centres of high quality was not that sparkling.
Negotiations with potential clients in our regional business centres absolutely claimed this fact. Attractiveness of Czech and Slovak Republic is caused also by the fact, that in countries of middle and east Europe is until 2013 expected yearly GDP increase of 2,5 – 5,1%, which is more than says the average forecast for all EU countries.
The most discussed topic of the show was of course an impact of economic recession on small retail real estate segment. As stated in discussion about the future of this market by Richard Lloyd-Owen, partner of consulting company Deloitte for retail segment in EMEA countries, global growth of small retail businesses next year will focus mainly on some non-European regions with big growth potential, where expected GDP Growth will be higher than in Europe and will exceed 5%. This concerns for instance Russia, Turkey or developed countries in North Africa or South America. As a reaction on increasing globalization and customers´ behaviour, big shopping and entertainment centres will be created in these countries. Designs come mostly from globally active architects and developers and build opportunities for international expanding small retail chains.
Good example is shopping centre Boulevard Londrina Shopping in southern Brazil by Portuguese developer Sonae Sierra, Shopping and entertainment centre Cleopatra Mall presented by the company Cleopatra Group in Cairo, Egypt nearby Pyramids of Giza or the biggest Turkish project Forum Istanbull by Dutch developer group Multi Corporation.
Hundreds of shopping and entertainment centres from all over the world were presented at the show. This year MAPIC focused on cities and regions, where development of commercial real estates has the priority in landscape planning. In "Retail in the City Summit" with representatives of 90 countries, especially trends of sustainable development in retail business sector and strategies of cooperation between partners from public and private sphere were discussed. Great opportunity for developers of ten chosen shopping centres worldwide was also interactive conference "Speed Matching", where they could present their projects to prominent investors and retail business chains, which were looking for new possibilities. In 10 best was also project II.phase of shopping centre Laugaricio in Trenčín.
Highlight of the show was Gala evening with prize nomination MAPIC Awards. Prizes were awarded in four categories – best international small retail chain (Jack Wolfskin, Germany), best retail concept (Lego, Denmark), shopping centre of the year (Odysseum in French Montpellier, developer: Icade) and city of the year, which has risen its attractiveness in retail business the most. (Brussels, Belgium).
Next, 17th year of MAPIC trade show will take place in Cannes from 16th until 18thof November 2011.