X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

LONDON-Over £740 million ($1.09 billion) was invested in UK shopping malls during the first half of 2001, compared with just over £415 million ($610 million) in the preceding six months. But activity is still subdued compared with the long-term average of £1.18 billion ($1.73 billion) per half year.

According to the British Retail Consortium, the volume of retail sales is holding up well with year on year growth of over 6%. However, investors are concerned about retailers’ profitability and, by implication, their ability to sustain rental growth. Many retailers have put expansion plans on hold. The amount of space available within the retail market has increased as retailers rationalise space requirements in order to cut costs.

According to DTZ around 60% of all shopping centre investment activity this year has been channelled through investment vehicles such as limited partnerships or unit trusts. Such vehicles allow smaller funds to participate in the performance of large assets like shopping centres without distorting their risk profiles.

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
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

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 © 2020 ALM Media Properties, LLC. All Rights Reserved.