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Leisure to Survive Downturn, Say Agents

LONDON-Colliers Conrad Ritblat Erdman has taken a resolutely upbeat view of

By Steve Killick | Updated on June 28, 2001

LONDON-Colliers Conrad Ritblat Erdman has taken a resolutely upbeat view ofthe leisure property sector despite fears in many circles of its gradualdecline. Oversupply in certain areas plus planning problems in others havecontinued to dog the leisure sector over the last few years and CCRE, in itsannual Midsummer Retail Report, agreed that: ‘If the market were to bejudged by the headlines then the leisure industry would appear to be in astate of crisis.’

However, the company points out that the industry as a whole is in goodhealth with failures marked down as purely due to entrepreneurialvolatility.

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