30 July 2013 CHILD'S PLAY SPELLS SHOPPING CENTRE G-O-L-D The way we educate children about life and how the world works looks set for revolution thanks to a theme park concept out of Mexico, which is catching the attention of shopping centre operators worldwide. Source: http://www.youtube.com KidZania is a children’s theme park based around a miniature city. It operates like a real city, with buildings, paved streets, vehicles and a functioning economy where children work in a job to earn the local currency (KidZos), which they can spend or invest. These mini cities, many based in high-profile shopping centres, include recognisable destinations such as banks, restaurants, hospitals and sports stadiums, sponsored by marketing partners representing leading brands such as Coca-Cola, HSBC, Nestle, Dominos Pizza and McDonalds. (Click on the image below to view the video or go to www.youtube.com/watch? v=mmN0YOFCtjE&feature=player_embedded ) The idea is to inspire children to role play by mimicking traditional adult activities. Source: http://blog.malaysia-asia.my/2011/03/kidzania-kuala-lumpur-at-curve.html The idea is to inspire children to role play by mimicking traditional adult activities. Children enter the city via a mock airport. Upon arrival they choose from 100 careers – police officer, doctor, chef, journalist, shopkeeper. They put on their uniform and get to work. Through this elaborate game, children aged four to 14 simulate independent lives and get to understand the adult world better while their parents either monitor them remotely or explore the surrounding shopping centre. The brainchild of a Mexican entrepreneur, KidZania opened its first site in 1999 and is currently in 12 locations in eight countries including Japan, Malaysia, Thailand and South Korea. Another 11 sites are under development, including London and the US where it is scheduled to open in 2015. Source: ww.kidzania.qa; www.thedubaimall.com The KidZania organisation searches the world for suitable locations, preferably with extreme weather and a high density of children aged four to 14. It has typically performed well in the Middle East and Asia. With the ongoing impact of online retail, retailers and landlords alike are looking for new ways to make shopping centres more entertaining and relevant to the communities in which they operate. By introducing elements like cinemas, gyms, bowling alleys and ice-skating rinks, landlords are changing shopping centres into lifestyle centres – this is the evolution of the shopping centre model. KidZania is a prime example of the sort of concept that will grow the relevance of shopping centres in the community. Shopping centre owners are looking for unique attractions like KidZania to bring together family engagement, “edutainment”, big-brand marketing and the opportunity for parents to spend several child-free hours shopping. For shopping centre operators that spells “G-O-L-D”. Regards James Stewart James Stewart Partner +61 3 9604 5642 Denis Carruthers Retail Property Specialist +61 3 9600 4922 Samantha Taylor Property Director +61 3 9604 5124 Every month, Ferrier Hodgson’s retail specialist James Stewart sends a Retail Postcard detailing the latest news and trends in the retail sector. If you have any comments or suggestions, please contact James directly at james.stewart@fh.com.au. If you know of others you think would be interested to receive the Retail Postcard, please send us their details. If you have been forwarded this email and wish to subscribe click here. If you wish to unsubscribe click here. If you wish to see previous editions of the Postcard click here. For more information about our services, please contact one of our offices. Or find out more at: www.ferrierhodgson.com: Sydney: Steve Sherman +61 2 9286 9905 steven.sherman@fh.com.au Adelaide: Martin Lewis +61 8 8100 7657 martin.lewis@fh.com.au Perth: Martin Jones +61 8 9214 1405 martin.jones@fh.com.au Malaysia: Andrew Heng +60 3 2273 6227 aheng@fhmh.com.my Melbourne: Peter McCluskey +61 3 9604 5109 peter.mccluskey@fh.com.au Brisbane: Will Colwell +61 7 3834 9205 will.colwell@fh.com.au Japan: Kentaro Mochizuki +81 3 3560 8301 kmochizuki@fh-tokyo.jp Singapore: Tim Reid +65 6416 1400 tim.reid@fh.com.sg