Planning for retail development has become increasingly complicated in recent years, but our dedicated team can help you navigate ‘town centre first’ planning policy.
Whether you require advice on securing permission for an out-of-town retail park, a strategy for taking forward a major town centre scheme, a planning application for a new foodstore, or input into a multi- disciplinary asset management strategy, our team can assist.
We also have a strong and proven track record in promoting commercial leisure and food and drink uses, including cinemas, health clubs/gyms and pubs, restaurants and hot food takeaways.
Alongside our work for private sector clients, we also undertake local authority retail studies in both England and Wales, as well as providing advice on town centre strategy and critiquing planning applications for retail development.
This advice is backed up with a proven track record at Hearings, Appeals, Call-ins and Local Plan Examinations in Public.
How you benefit
Working closely with our clients, we provide a bespoke town planning service, brokering relationships and blending our knowledge of planning policy with commercial acumen to maximise value and exploit opportunities.
We work closely with CBRE's dedicated Retail team, which offers services including agency, asset management, lease consultancy and valuation.
We also work with CBRE's Specialist Markets team, which provides trading-related valuations and investment advice on pubs and urban leisure, as well as a variety of other alternative assets.
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.
• CBRE’s 2017 Outlook report provides a comprehensive overview of the key trends affecting UK property markets in 2017. Alongside core sections covering the economic, political and investment outlook there is coverage of every major investment and occupier sector.
• There is an improved global economic outlook, but inflation is now a more significant risk than previously. There is less concern about emerging markets.
• UK GDP growth is expected to slow to 1.4% in 2017 due mainly to Brexit-related uncertainty and a tighter labour market.
• The Brexit process will mean a very uncertain 2017, with some volatility in markets expected even if the underlying economy is performing well – not least when Article 50 is served.
• 2016 investment volumes likely to be 30% down on a very strong 2015, with 2017 slightly weaker than 2016.