REAL ESTATE

Shopping center space in Europe to expand 25% in 2012

BY Marianne Wilson

London — New shopping center development in Europe is expected to increase by a quarter in 2012 to meet retailer demand for modern, high quality retail space, according to the latest research by global property adviser CBRE.

Turkey is the most active market, accounting for one-third of new space delivered in the first half of the year. This is some way ahead of Germany, with Italy and Poland just behind.

“A highly active shopping centre development market in Turkey, Poland and Russia is enabling retailers to grow store networks there, but elsewhere the number of new centres is more modest, providing fewer opportunities for expanding retailers,” said Neville Moss, head of EMEA Retail Research, CBRE. “Crucially, very little of the new space addresses the lack of prime units in major city centres — the most sought after locations by retailers — and consequently some are finding it difficult to achieve their store expansion plans.”

Emerging markets have dominated new development in recent years, but construction activity continues space in the more mature European markets to meet retailer demand. In 2011, the big five western European markets (Spain, Italy, France, Germany and United Kingdom) accounted for one third of all new shopping centre space in Europe.

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OPERATIONS

Ingles Markets’ new store receives Energy Star certification

BY Marianne Wilson

Asheville, N.C. — Ingles Markets’ new store in Mills River, N.C., has received an Energy Star certification from the U.S. Environmental Protection Agency (EPA) that recognizes the energy efficiency of the store’s design. The store was awarded the certification after meeting strict EPA guidelines for the estimated energy use of the building.

“Energy efficiency is a priority for Ingles Markets and the Energy Star certification highlights our goal of building energy efficient stores,” said Robert P. Ingle II, CEO, Ingles Markets, which operates 203 supermarkets.

“We continue to work with our architects and contractors to ensure that our stores are energy efficient to be good stewards of our resources and to hold down overhead costs to maintain low prices for our customers.”

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OPERATIONS

All Walgreens’ stores now offering flu shots daily

BY Marianne Wilson

Deerfield, Ill. — Flu shots now are available daily without an appointment at all of Walgreens nearly 8,000 stores nationwide, including all Duane Reade pharmacies in New York, and also at more than 360 Take Care Clinics at select Walgreens drug stores.

New this season, Walgreens and Take Care Clinics also are offering a free comprehensive immunizations assessment with every flu shot. The assessment can help patients determine which other immunizations they may need based upon current recommendations from the U.S. Centers for Disease Control and Prevention (CDC).

A recent Walgreens study found that more than 40% of U.S. adults surveyed were unaware of the latest government-recommended vaccinations for their age and health condition.

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