Federation Centres Appoints Angus McNaughton as CEO

Earlier this week, Federation Centres made a surprise announcement: Angus McNaughton has taken on the role of Chief Executive Officer, replacing outgoing CEO Steven Sewell. This change follows on the heels of the successful completion of the merger between the company and Novion Property Group.

McNaughton previously served as Managing Director and CEO of Novion Property Group. He has more than 25 years of experience in the property sector, and has worked with Colonial First State Global Asset Management and Kiwi Property Group Limited.

“I am delighted to have the opportunity to lead the experienced and strong leadership team in managing the business and assets at a point where there is so much potential,” said McNaughton.

“We will continue to deliver the synergies from the merger and build strong partnerships with our retailers and other stakeholders to create a stable, sustainable portfolio that delivers strong returns for our securityholders.”

According to the Federation Centres Board, Steven Sewell ceased his roles as CEO and Director by agreement. The Board thanked him for his vision and contribution to Federation Centres.

Reasons for the sudden changeover haven’t been given, though Peter Hay, Chairman of Federation Centres, emphasizes that the company’s assets, people and investors have a strong, stable future under McNaughton and his team. Some analysts speculate that a falling out may have been involved in the change.

Written by Nissa on August 5, 2015 – 5:31 pm -
Posted in Mall World | No Comments »

Inside Retail Seeks Australian Retail Leaders

A collaboration between Inside Retail and the World Retail Congress will see Australia’s retail industry leaders heading to Rome, Italy this September for World Retail Congress.

Inside Retail discusses the event:

One of the leading retail events on the global calendar, the World Retail Congress is attended by retail industry leaders from across the world. The event is a dynamic, thought-provoking and forward-looking platform where senior retail executives meet to share new initiatives, be inspired by the latest innovations, and debate the challenges and opportunities facing the future of the industry.

Under the banner of ‘Retail Transformation: Today, Tomorrow and Beyond’, the 2015 Inside Retail World Retail Congress delegation will descend on Rome this September. Delegates from Australia’s leading retailers and industry suppliers will be ushered through a powerful and strategic schedule filled with innovation, culinary dining experiences. As well as attending the World Retail Congress, the delegation will undertake a retail study tour while in Rome.

By challenging the fundamentals of retail, the World Retail Congress will focus on themes of Super-cities; Recapturing Customer Loyalty; Innovation; Sustainability; New International Growth Markets; Future Store Design; Omni Channel Strategy; Luxury Retailing; Connected Stores; Changing Consumer Behaviour; and New Disruptive Competitors.

If you are a C-level executive or you know one who might be interested, you can learn more at Inside Retail’s website. If you’re interested in the event itself, World Retail Conference 2015 has more information.

Written by Nissa on July 22, 2015 – 6:29 pm -
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MOCIAL+ Sponsors are Getting Ready for the Conference

Considering MOCIAL+? It’s just around the corner: Wednesday, August 5 to Friday, August 7 at Hotel Nikko in San Francisco.

The conference is still about Mobile, Social and Local marketing efforts, but it’s also grown to encompass all sponsorship and advertising efforts within the realm of digital marketing.

Shea Properties just announced that it will sponsor the 2015 ICSC MOCIAL+ Conference at the Gold level. The Collection News Network, a digital video driven brand campaign at The Collection, a 700,000 square foot retail center in Ventura County developed by Shea Properties and CenterCal Properties, will also be featured at a conference roundtable session, moderated by Drew McGray, social media manager for Shea Properties.

“We find the MOCIAL Conference to be very beneficial,” said James Williams, vice president of marketing and communications. “The retail industry is always evolving, and it’s more important than ever to build a strong digital and social media presence to reach those elusive customers. We always learn something new at this conference, and we’re looking forward to sharing what we’ve learned as well.”

We’re past the deadline now for sponsorship to be recognized in the conference’s registration materials and at the reception, but you can find out more about registration and other opportunities at the MOCIAL+ website.

Written by Nissa on July 15, 2015 – 6:15 pm -
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Dolmen Mall Clifton Part of New Pakistan REIT Scheme


Last month, Dolmen City Real Estate Investment Trust launched with a very successful public offer, one oversubscribed by almost 3 billion PKR. It’s a good start for Pakistan’s first public listed, perpetual, close-ended, and Islamic Shariah-compliant REIT scheme.

Dolmen City REIT includes Dolmen Mall Clifton, Pakistan’s largest international mall. Thanks to relatively liberal FDI policies, the past ten years have brought many international retailers to the country—and Dolmen Mall Clifton has its share. The center’s retail offer includes Debenhams, Mango, Nike, Next, Ninewest, Monsoon, Timberland, Levi’s, Dockers, and many others.

With these global brands and multi-national corporations entering the Pakistani market, the need for quality real-estate development is apparent. Dolmen Group believes the introduction of REIT schemes in Pakistan will enable property developers and managers to fulfill this need with superior projects while also channelizing the funds into generous and rewarding returns for investors.

Wall Street Journal delved into last month’s launch:

“Pakistan’s economy has improved in recent years, despite political turmoil, major security challenges, and chronic electricity shortages that have hobbled industry. The country’s main stock market in Karachi has gained 72% since the 2013 election and the country’s improving prospects are increasingly being recognized internationally. Prime Minister Nawaz Sharif’s government has said boosting investment is one of its key economic objectives.”

According to Dolmen Group, the onset of Dolmen City REITs is set to change the way global developers and retailers see the Pakistani market. The access to larger volumes of capital is expected to result in better quality of development, ultimately raising the bar for development standards in the country.

Written by Nissa on July 8, 2015 – 5:11 pm -
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ROOTS 2016 Begins to Gather South African Stories

“Know your audience” is such common marketing advice that it’s become something of an aphorism. South African marketers have a little extra help in that department thanks to NAB’s ROOTS, an annual survey that digs into the specifics of the country’s diverse geographic areas. With 15 years of historical data, the survey provides both insights and context for changes in the retail marketplace.

“This year, we have included additional areas and more questions relating to digital media consumption,” explained Samu Makhathini, NAB’s Research and Insights Manager. ROOTS 2016 is surveying over 150 areas, up from 115 in the 2013 survey; these additional areas will result in the study having the highest township sample in South Africa.

“Too often we rely on generalised average and overview data, but South Africa is extremely diverse and does not have a single story of averages and stereotypes to tell.”

As such, individual stories are a bigger part of this year’s survey than ever, and those stories will be placed in the context of local micro communities.

“It appears that geography is a far more valuable segmentation tool than demography. By getting to know these areas through these individual stories ROOTS will give marketers, retailers and media agencies the ability to tailor their marketing messages to these areas,” added Makhathini.

NAB is still gathering data for 2016’s surveys, the results of which will be available next March.

Written by Nissa on July 1, 2015 – 5:07 pm -
Posted in Mall World | No Comments »

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