Published: 29 June, 2009
Cushman & Wakefield says the investment market has stabilised. David Erwin, head of UK capital markets, said: “Although from a low base, there is an improvement in investment demand and activity. The whole feel of the market is more positive with a real depth of bidders for prime retail assets both in and out of town.”
Stockholm’s latest shopping centre has set new standards for in-town retail.
The expected upturn in European shopping centre development in 2011 was knocked off course by delays in a number of markets, according to a report from Cushman & Wakefield.
Shopping centre development in the UK has slowed to a crawl with the total 2012 pipeline forecast to be just 31,500 sq m, the lowest annual figure since the early 1960s, according to Cushman & Wakefield.
Securing fresh investment in struggling town centres should form an essential part of the government’s response to the Portas Review, BCSC have said.
Bluewater has revealed plans for a multi-million pound redevelopment of The Wintergarden, Bluewater’s fast-food and family dining village.
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