Out-of-town heatwave

Article Abstract:

The demand for units on out-of-town retail developments is growing due to increasing investment returns and lack of availability of new sites. Returns from investments in retail developments has been superior to returns from other property sectors, with forecasted returns of 20% for 1997. Rents of retail outlets are likely to increase to 70 pounds sterling per sq ft Some investors plan to purchase leases on established units or further develop parks which are already in action. Planning regulations restrict the amount of new out-of town developments that are permitted to go ahead.

Other Financial Vehicles, Investors, not elsewhere classified, Investors NEC, Investments, Commercial buildings, Investors

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Returns on retail is no small beer

Article Abstract:

Thurrock Lakeside shopping centre, Essex, England, is looking to increase the number of occupiers on the site and have increased parking facilities by 1,000 spaces. It is being challenged for customers by the opening of the new Bluewater shopping centre. Initially sales at Lakeside fell by around 20% but have since risen back to normal levels. The nearby towns have had to work at encouraging customers to visit their town centres in preference to the two large shopping centres in the area. Retail trade in both Illford and Romford is good.

Retail Trade, Analysis, Essex, England

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The in thing

Article Abstract:

Supermarkets are being refused planning permission to build out-of-town shopping centres because town centres are suffering from the lack of custom. Only 40% of planning appeals were overturned in 1996, compared to 65% in 1991, and it is likely that this trend will continue. Tesco Stores Ltd has been one of the first to move back into town centres, and it has opened Tesco Express stores on garage forecourts. Waitrose is one of the few supermarket chains to have remained in town centres.

Supermarkets and Other Grocery (except Convenience) Stores, Grocery stores, Supermarket Chains, Food industry, Supermarkets, Waitrose Ltd., Tesco Stores Ltd.

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