Real Estate Investment World Latin America: Panel session – capturing consumption through retail properties
Panelists for this session in stream A of the second day of Real Estate Investment World Latin America included: Mike Melson of Kimco Realty, Francisco Andragnes of Metro Buildings LLC and Gonzalo Ansola Cabada of the Asociación de Centros Comerciales y de Entretenimiento del Perú (ACCEP)
With a growing middle class in Latin America, retail development is expected to do well. Bed, Bath & Beyond, Wal-Mart and Home Depot are examples of Big Box retailers that want a presence in these emerging markets.
Grocery anchored retail developments should perform well. With a lack of refrigeration in some countries, a majority of consumers purchase perishable goods on a daily basis. This presents an opportunity to cross sell products and services through grocery anchored retail.
There is also a movement away from the suburbs with a move towards more urban infill retail.
Landlords should not consider themselves as rent collectors but rather they should consider themselves as facilitators to generate more sales for their tenants.
For more information, check out Real Estate Investment World Latin America.