Search
 

Retail Tipped For a Re-Rating

LONDON-The negative sentiment surrounding UK retail property has been overstated, according to new research from agents King Sturge, and the sector now presents a significant buying opportunity.<

By Graham Parker | Updated on June 07, 2001

LONDON-The negative sentiment surrounding UK retail property has been overstated, according to new research from agents King Sturge, and the sector now presents a significant buying opportunity.

King Sturge’s latest quarterly report on the retail and leisure sector shows that turnover is rising. And the foot and mouth outbreak has helped sales in larger retail centres which have shown a 10% increase in footfall. However it caused substantial loss in turnover to some regional leisure operators and local malls have seen a 2%-3% decline, as consumers spend their time away from the countryside.

In spite of this positive backdrop, the latest data from Investment Property Databank shows a slowing down in rental growth across all retail. Retail warehousing remains the strongest sector, with particularly strong growth in the Midlands, Wales and the South-East. London and parts of the South-East continue to show above average rental growth in standard retail.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.