The successful centres around the globe are focussing on three key components. One point that we cannot express enough is that what was once a stock-standard formula for creating a mall that satisfied is no longer. Every community, every customer, every space in a different suburb, city or country demands something different and knowing exactly what that is is pivotal to the development and success of a centre. However, these three components are proving to be a common thread in the malls that are standing out from the crowd and defining them as ‘more than just a mall’.
Last week, Future Food’s Managing Director, Francis Loughran joined a group of industry experts in Bangkok to speak at the International Council of Shopping Centers’ event, RECon Asia Pacific. RECon is the largest global gathering of real estate professionals under one roof, with more than a thousand of the world’s leading developers, owners, retailers and more attending the three day event. Find out the key insights Francis discussed at the conference and how food will shape the future of malls around the globe.
Around the globe, the food and beverage markets is growing with reasons for and rate of growth varying dependant on the region whether it's The Middle East and Africa, The Americas, Europe and Asia Pacific. These variations come from changes in lifestyle situations, cultural shifts and the economic status of each region however, one thing that does not vary between regions is that the food and beverage market is attracting bigger spends from consumers in each region than ever before. We've put together a brief snapshot of how the global food and beverage market looks today as determined by Cushman & Wakefield's market report for 2017 as well as discuss what the future growth of food and beverage holds for regions around the world.