Performance Improvement Strategies
Just think how valuable it would be to understand the business performance of all your tenants? You would be able to identify those whose turnover barely supports their rent, as well as those likely to move on because they need space to grow.
Unlike other countries where shop turnover information is in the public domain, UK shop sales are generally shrouded in mystery. Turnover figures are available but these alone, without insight to margins and cost structures, will not reveal a genuine picture of the business.
With FSP you will be able to identify the performance of all your tenants. The marginally vulnerable will be highlighted, as well as those grossly short of their necessary performance and those who need more space to optimise their profits.
FSP has developed a set of retail-driven ratios to help property asset managers understand shopping centre performance as rated against other centres and accepted benchmarks. These will be presented to you accompanied by data interpretation and action recommendations. The clarity of such visual comparisons between shopping centres will help you spot potential difficulties before they create more serious problems.
Click here to refer to the case study to see performance improvement strategies in action.
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“Much retail planning focuses on 'capacity' and floorspace issues. What FSP do is to provide a commercial 'reality check' of 'demand' based on actual market analysis and the socio-economic composition of the catchment which then needs to be considered alongside 'theoretical' capacity figures. This provides an added dimension when considering and understanding development proposals and one that tends to be overlooked by many planning and property professionals”
Adrian Swift
Principal Planner,
Blackburn with Darwen Borough Council
