Establishing a place where people want to be, work and shop is fundamental to creating a successful shopping centre. We work closely with both retailers and owners to ensure they maximise the potential of their asset. Our experience makes us an invaluable partner at every stage in the life of shopping centre. Our Shopping Centre Leasing Team are market leaders representing some of the UK leading shopping centre owners, and work closely with the high street agency, investment and professional teams, maximising the value of our extensive landlord and retailer contacts to provide comprehensive advice to our clients.
With major instructions including Westfield Stratford City, Bluewater, Meadowhall and thecentre:mk, our team is in a position to offer advice to clients on all aspects of shopping centres including;
Mark Disney, Executive Director - Shopping Centre Development and Leasing, looks at the trends and resurgence in the shopping centre market and discusses the shopping centre experience that customers now expect.
In this note, we set out the key issues which Brexit is already raising for retailers. Migration controls and currency movements may mean workers are less ready to work in the UK retail industry, which may increase time and cost. Currency devaluation will also generate more general cost inflation, though not everyone is a loser from these effects, and cost increases may spur yet more innovation in an already dynamic sector. The good news is that this year isn’t all about Brexit. The bad news is there are other more pressing concerns in 2017, with the rating revaluation and apprenticeship levy among the factors which retailers will have to grapple with. As always in retail, the winners will be the most agile and forward-thinking.