C&R outperforms over Christmas

Capital & Regional malls record positive December footfall

Capital & Regional saw a 1.7 per cent footfall increase across its wholly owned portfolio of assets for December 2017, underlining the continued resilience of well-managed, dominant community shopping centres.

The uplift represents a significant outperformance over the National Footfall Index figure which was down by 3.7 per cent on December 2016. For the second half of 2017, Capital & Regional’s seven wholly-owned shopping centres achieved a 0.5 per cent increase in footfall compared to a National Index figure of -2.8 per cent.

In the second half of 2017, Capital & Regional undertook repositioning pilot projects at Maidstone and Ilford and these two assets recorded particularly strong December performances.

CEO Lawrence Hutchings said: “The footfall figures show that where the focus is on improving the customer proposition and helping to make the decision to visit our malls as frictionless as possible, then the shopping centres will have increased appeal and repeat visits. As such, these kinds of community malls are the engine rooms for UK retailers.

“Overall, we have seen a customer shift towards value-orientated goods and services, while everyday essentials, personal and professional services, supermarkets, fashion basics and express food have all performed well.”

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