Shopping centre visitors are becoming increasingly conscious

13
Sep
2021
News - Shopping centre visitors are becoming increasingly conscious #Budapest #Hungary #report #retail #shopping #survey

by Property Forum | Retail

Shoppers are becoming increasingly conscious and are looking for easily accessible, environmentally friendly shopping centres that also have outdoor green areas, a representative survey called "The role of shopping centres in the 21th century" by Westend and Marketing Resolution found. The survey examined the customer habits of people living in Budapest and its suburbs, including how often they visited their favourite malls, what experiences they were looking for there or what products were in highest demand.


The majority (20%) of respondents visit a mall once a month, but 19% do once a week, while 14% of Budapest residents make it a daily programme to pop in to a mall. Overall, more than half enter a shopping mall at least once a month.

The survey also looked at what features and services customers consider important. It is apparent that customers are increasingly conscious: while the location of the mall remains the primary factor, today's consumers also consider whether a mall is operated environmentally friendly or if it has outdoor green areas. In the 21th century, community spaces, programmes offered to visitors and the experiences available are also values assigned greater weight.

“The survey clearly outlines the future of shopping malls: they will have to become 360-degree service centres where visitors can find not just shopping opportunities but also community and customised experiences,” said Orsolya Kovács, Marketing Director for Westend.

When inside a shopping mall, Budapest residents are primarily hunting for clothing apparel (48%), and many enter with the intention of buying shoes (36%). Interestingly, about 40% are just browsing, with no significant difference between men and women in this respect. A quarter of respondents said they also used other services in malls.

The survey also asked how much money people spent in malls:

Excluding food bought in supermarkets, the amount comes to €90.9 (HUF 31,850) a month on average. Nearly a quarter (23%) spends between HUF 20,000 and HUF 40,000 on non-food products each month, while 17% spend between HUF 10,000 and HUF 20,000. Meanwhile, 15% spend more than HUF 40,000 a month.




New leases

  • UDH, one of Poland’s largest distributors of premium imported beers, has leased approximately 1,400 sq m of modern warehouse and office space at the Park Rysy Kraków distribution centre. The tenant, which has chosen to expand its operations in southern Poland, was once again represented by AXI IMMO.
  • Golden Star Estate has secured a long-term lease agreement with global technology solutions and consulting provider C&F for nearly 1,900 sqm of office space at the Konstruktorska Business Center. Following the transaction, the property, located in Warsaw’s Mokotów business district, is now almost fully leased. The Polish branch of C&F will officially relocate to the facility at the beginning of 2027.
  • Natland Group has committed to its long-term presence at Prague-based Rohan Business Center through a lease extension covering 2,004 sqm of office space, together with storage facilities and dedicated parking spaces, in a deal brokered by iO Partners.

New appointments

  • Indotek Group has announced the appointment of Diederik Bakker as Group Chief Investment Officer and Group Head of Asset Management. In his new role, the Dutch real estate investment professional will gradually assume responsibility for the company's ITAM (investment, transaction, and asset management) activities across 12 European countries, supporting the next phase of Indotek Group’s growth. His focus includes facilitating sound investment decisions across Europe and developing a group-level portfolio management strategy that combines local market knowledge with international asset management know-how.
  • Peakside Capital Advisors has appointed Bogi Gabrovic to advise the board and support its investment and acquisition activities in Poland. Gabrovic brings more than 25 years of CEE real estate experience to the role, having previously held senior executive positions at CTP, Golub & Company, and White Star Real Estate, where she managed transactions exceeding €2 billion.
  • Katarína Brydone, Jana Vlková and Vendula Maršová have been appointed as the first Equity Partners of Colliers’ Czech business. Brydone brings more than 20 years of experience in international real estate. Vlková has more than 25 years of experience in commercial real estate. Maršová, Partner and Head of Valuation and Advisory Services, brings more than 16 years of experience in real estate valuation and advisory.

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