Posted by:
FSPRetail ,
06 December 2011
The Justice Minister Alan Shatter is expected to make an announcement on the rents issue this week. It is not clear whether this will include set proposals or merely outline a timeframe for the launch of rent reform plans next year. read more…
Tags:
RETAIL PROPERTY, RETAIL STATISTICS, IRELAND
Posted by:
FSPRetail ,
25 November 2011
In the wake of a 38% fall in annual profits and a 4.4% drop in like-for-like sales in the most recent 12 weeks, Arcadia has announced that it is closing more than half the 450 stores due for lease renewal in the next few years. read more…
Tags:
RETAILERS, TOWN/SHOPPING CENTRES, FUTURE OF RETAILING, RETAIL PROPERTY, SOCIAL COMMENTARY
Posted by:
FSPRetail ,
31 October 2011
The European Outlet Centre industry is nearly 30 years old. From the first faltering steps in converted factories and mills in the 1980s, household names such as Bicester Village, Troyes, Mendrisio, Serravalle, La Roca, Gunwharf Quays, Roermond and Parndorf have been in the vanguard of an industry which has matured to become one of the most enduring, attractive and commercially successful of retail formats. read more…
Tags:
GEOFF'S VIEW, RETAIL PROPERTY, GENERAL, FACTORY OUTLET CENTRES, EUROPE
Posted by:
FSPRetail ,
13 October 2011
FSP’s Ken Gunn is presenting some of his latest research at the ICSC European Outlet Conference in Milan this week. read more…
Tags:
CENTRES, RETAIL PROPERTY, FACTORY OUTLET CENTRES, EUROPE
Posted by:
FSPRetail ,
07 September 2011
The BCSC Conference is 6 weeks earlier than last year, to allow time to get shops occupied in time for Christmas trading. Given the paucity of major new developments this year and next, the emphasis will be on letting existing stock. As always, there is plenty of available space but not enough that retailers want to occupy. read more…
Tags:
GEOFF'S VIEW, RETAIL PROPERTY, RETAIL PULSE
Posted by:
FSPRetail ,
17 May 2011
Best practice in shopping centre valuation has changed. Valuations should now reflect the long term sustainability of passing rents. The willingness of retailers to pay the passing rent is the key to the valuation. This fundamental change follows the 2008 financial crisis. The BCSC Asset Pricing Guide issued last week gives little emphasis to lease terms and much to rent sustainability. read more…
Tags:
GEOFF'S VIEW, RETAIL PROPERTY, RETAIL RENTS
Posted by:
FSPRetail ,
18 March 2011
Latest research by Local Data Company (LDC) shows that the level of empty shops across the UK has risen to an all-time high. read more…
Tags:
RETAIL PROPERTY, EMPTY SHOPS, RETAIL RESEARCH
Posted by:
FSPRetail ,
09 September 2010
The Local Data Company’shuge database of information on town centre occupiers has once again shown a disparity between the number of retailers taking space and the number of units available. read more…
Tags:
RETAIL PROPERTY, GENERAL
Posted by:
FSPRetail ,
25 August 2010
Is a tenant mix strategy relevant to the current market? Strategy may be alright in boom times, when landlords can pick and choose whom they’ll take on. In tougher times, like the present, a tenant mix strategy looks like a luxury. Surely, in a downturn, you should take anyone who’ll get the lights on? read more…
Tags:
RETAIL PROPERTY
Posted by:
FSPRetail ,
31 March 2010
Managing Director Geoff Nicholson comments in Retail Weeks' Letters To The Editor on an article from issue 12th March 2010. Link unavailable. read more…
Tags:
TOWN/SHOPPING CENTRES, FUTURE OF RETAILING, RETAIL PROPERTY
Posted by:
FSPRetail ,
26 January 2010
…but are they all of equal value? In shopping centres and retail parks, recruiting particular tenants within an explicit retail mix strategy creates a more robust rent roll than simply taking the highest, or any, bidder. Without a tenant mix policy, the retail composition of the centre or park is determined by the judgements and vagaries of individual retailers. read more…
Tags:
GEOFF'S VIEW, TOWN/SHOPPING CENTRES, RETAIL PROPERTY, REGENERATION AND DEVELOPMENT
Posted by:
FSPRetail ,
04 August 2008
I’m not impressed with the latest offering from Hazel Blears, the Communities Secretary. “Proposed Revisions to PPS6” makes me wonder if the Government has any care for the state of our town centres. The proposed revisions are hardly decisive action to stop the free-fall of the wellbeing of these centres and retail developments out of town will just hasten their demise. read more…
Tags:
RETAIL PROPERTY
Posted by:
FSPRetail ,
04 August 2008
Westfield is driving a coach and horses through talk of recession. The White City development in London is on course to open in October and is already 90% let. This development has a few advantages over others. Out of town retailing is apparently sliding, but this development is slap bang in the middle of London – indeed at 1.6m ft2 it will be the biggest city centre retail destination in Europe. And London retail sales seem to be immune to the slump in the rest of the country, with the BRC recording like-for-likes in London at 8.7% up for the year to June. Finally, the Westfield centre at White City is very definitely targeted upmarket – the crunch feels more like a mere nibble when you’re comfortably cosseted in luxury! read more…
Tags:
RETAIL PROPERTY
Posted by:
FSPRetail ,
04 August 2008
I understand FOCUS – the service provided by CoStar - has reverted to providing the Requirements List in Word format. Although I’m sure everyone appreciates their chivalry in doing so, I’m still rather surprised that people other than short-cutting letting agents have a use for it – Word format or not! It is the retail and catering mix of the centre that sets it apart from its competitors. The mix should therefore be under the control of its managers, not the whims of retailers. read more…
Tags:
RETAIL PROPERTY
Posted by:
FSPRetail ,
24 April 2008
Delays in five retail developments have recently been announced. In Chester, Dumfries, Newbury, Newport and Portsmouth, respected and experienced developers have put major projects on hold. In each case, rising costs of construction, land acquisition and market conditions have been blamed. read more…
Tags:
GEOFF'S VIEW, RETAIL PROPERTY
Posted by:
FSPRetail ,
20 March 2008
Imagination is more important than knowledge read more…
Tags:
GEOFF'S VIEW, RETAIL PROPERTY