HONG KONG, CHINA--(Marketwired - January 12, 2016) - The outlook for retail sales is projected to grow in 2016, according to forecasts by Colliers International. There are some concerns about the long-term sustainability of some of China's more ambitious development, but the overall outlook is broadly optimistic.
"We see a relatively narrow retail gene pool of specialty occupiers of shopping centers," Sebastian Skiff, executive director of retail development and asset management, Asia, says. "Investors in shopping centres can take the opportunity to look at the cycles in mature markets, and to use softening rents as a chance to remix and reposition assets."
The key drivers for Asian consumers are not just the pure utilitarian acquisition of physical goods, but the desire for experiential retail and the concept of wellness and lifestyle. An example is the blending of female sports and leisurewear around themes of beauty, mindfulness and yoga by activity-specific brands and mainstream retailers alike.
China should follow other regional markets such as Singapore, Hong Kong, Korea and Japan, where landlords aspire to build portfolio relationships with trusted mid-market F&B quality chains. Colliers believes global mid-market F&B superbrands and Asia-specific F&B superbrands are for the most part underrepresented in China. Therefore, there is significant opportunity for mid-market aspirational global F&B players to increase their Asian portfolios in 2016.
For more results from Colliers International's Asia Property Outlook 2016 report, please visit http://www.colliers.com/en-gb/asia/realestate2016.
About Colliers International Group Inc.
Colliers International Group Inc. (NASDAQ: CIGI) (TSX: CIG) is a global leader in commercial real estate services with more than 16,300 professionals operating from 502 offices in 67 countries. With an enterprising culture and significant insider ownership, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide. Services include brokerage, global corporate solutions, investment sales and capital markets, project management and workplace solutions, property and asset management, consulting, valuation and appraisal services, and customized research and thought leadership. Colliers International has been ranked among the top 100 outsourcing firms by the International Association of Outsourcing Professionals' Global Outsourcing for 10 consecutive years, more than any other real estate services firm.
For the latest news from Colliers International, visit Colliers.com, or follow us on Twitter: @ColliersIntl and LinkedIn. To see the latest news on Colliers International in Asia and Hong Kong, follow https://www.linkedin.com/company/colliers-international-asia,https://twitter.com/colliersasia and https://www.youtube.com/user/ColliersIntlAsia.
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