MAPIC: New Trends, New Projects, New Business
This year, MAPIC jubilee event will take place from 19th to 20th November. The 20 years old MAPIC, MIPIM’s younger brother, will celebrate its anniversary on the well-known location in Cannes on the Cote d'Azur, traditionally in mid-November.
At least in this part of the world, all professionals who work in the development of retail sector will be present at the Palais des Festivals and will additionally contribute to the grandness of this event. All indicators in Europe show a recovery of the retail sector and increasing demand in this domain. On the other hand, the impact of the crisis in Ukraine and the sanctions that were imposed on Russia, have a more psychological than a really negative impact on the further development of this sector in central Europe.
67 countries have already announced the presence of over 8300 participants, 685 exhibitors and 1400 representatives of significant brands. Besides that, there will inevitably be 2300 developers and over 980 investors. The organizers have announced the presence of 412 new brands that are present in the development of this sector.
At least in this part of the world, all professionals who work in the development of retail sector will be present at the Palais des Festivals and will additionally contribute to the grandness of this event. All indicators in Europe show a recovery of the retail sector and increasing demand in this domain. On the other hand, the impact of the crisis in Ukraine and the sanctions that were imposed on Russia, have a more psychological than a really negative impact on the further development of this sector in central Europe.
67 countries have already announced the presence of over 8300 participants, 685 exhibitors and 1400 representatives of significant brands. Besides that, there will inevitably be 2300 developers and over 980 investors. The organizers have announced the presence of 412 new brands that are present in the development of this sector.
Having in minds all these facts as well as growing demand in Southeast Europe, this MAPIC too, should confirm the evident increase in, among other things, the interest for the development of the retail sector in Serbia. Several transactions were implemented in the last six months in this market (eg. purchase of the Shopping mall Plaza Shopping Center in Kragujevac).
There is a visible growing demand for sites where the development of retail parks in small towns in the interior is envisaged to happen, with the announcement of the start of the construction of a large shopping mall in Belgrade of 150.000m2 within the project "Belgrade Waterfront", all this additionally reinforcing and enhancing the demand. What is also expected is the softening of the stern banking conditions regarding the equity amount and the number of pre-contracts signed with tenants who are interested in the new locations of retail parks.
Local governments and developers with locations in Subotica, Sombor, Belgrade, Cacak, Zrenjanin and Kikinda, have already been identified to, with potential locations that have the potential and more than reasonable, on this year’s or the occasion of this year's MAPIC, finalize the transactions they were preparing for a long time.
This interest will definitely position Serbia at key place in the SEE region for the development of the retail sector. As things are now, this will be the first time that a greater number of representatives and professionals from Serbia will appear with their projects at MAPIC, after 2008, when there were 5 exhibitors and around 40 visitors from Serbia.
There is a visible growing demand for sites where the development of retail parks in small towns in the interior is envisaged to happen, with the announcement of the start of the construction of a large shopping mall in Belgrade of 150.000m2 within the project "Belgrade Waterfront", all this additionally reinforcing and enhancing the demand. What is also expected is the softening of the stern banking conditions regarding the equity amount and the number of pre-contracts signed with tenants who are interested in the new locations of retail parks.
Local governments and developers with locations in Subotica, Sombor, Belgrade, Cacak, Zrenjanin and Kikinda, have already been identified to, with potential locations that have the potential and more than reasonable, on this year’s or the occasion of this year's MAPIC, finalize the transactions they were preparing for a long time.
This interest will definitely position Serbia at key place in the SEE region for the development of the retail sector. As things are now, this will be the first time that a greater number of representatives and professionals from Serbia will appear with their projects at MAPIC, after 2008, when there were 5 exhibitors and around 40 visitors from Serbia.
Source: AG Nekretnine / REBEC
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