Living Retail: Sector adapts to changing economic context
Read about the launch of the UK’s newest major shopping centre, Battersea Power Station, in the latest edition of Real Asset Insight magazine, which is available in print and downloadable PDF formats.
About 250,000 people flocked to opening of the mixed-use project’s new shopping centre, which was 90% prelet, with projections envisaging a 30 million per year footfall.
The £9 billion London shopping centre is featured in Real Asset Insight’s Living Retail supplement which is published to coincide with MAPIC. Read too about the latest Time Out market launch in Vancouver, and third-party fast-food delivery operation Deliveroo’s bricks-and-mortar launch in the UK.
These are all developments that seem to support CBRE Investment Management’s EMEA head of retail operator division Eric Decouvelaere’s contention that, “Retailing is not in decline but it is changing.”
He argues that retail real estate needs to work with retailers to ensure that shoppers are confronted with a “relevant proposition”.
Also in this edition of Real Asset Insight: ULI CEO Lisette van Doorn points out, following the launch of the ULI and PwC’s latest Emerging Trends in Real Estate Europe, that stock selection is one key to remaining resilient in the teeth of the current economic headwinds; LaSalle Investment Management’s European CEO Philip LaPierre explains his back-to-fundamentals approach to investment; and we discover how the different property market sectors are collectively anticipating the impending downturn.
