Retail
While asset pricing is likely to remain suppressed as inflationary and household budget pressures work through the system, well located assets with respect to footfall drivers and consumer convenience are able to compete and embrace the online challenge.
Retail parks continue to outperform the UK retail sector as a whole. Requiring active asset management, significant letting successes have been achieved in recent years with investments achieving full occupancy and extensions of average lease terms.
Example Investments
Crossley Retail Park, Kidderminster, UK
Benefitting from its town centre location, the 12 modern specification retail warehouse units totalling 204,649 sq.ft. are located adjacent to a large supermarket, contributing significant footfall.
Active asset management has extended leases, split units into more attractive lot sizes and secured new tenants, with 100% occupancy and growing rental income.
The Sauchiehall Building, Glasgow, Scotland
Prime multi-let retail, leisure and car park providing a total of 309,364 sq.ft. The property is located on Sauchiehall Street in the heart of Glasgow’s city centre retail district.
Located to benefit not only from visiting shoppers but also the footfall of local office workers and students, the property has been actively managed to optimise tenant line-up and rental income.
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