DOCSLIB.ORG

Midsummer Retail Report 2019

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Midsummer Retail Report 2019 Midsummer Retail Report 2019 IS THIS THE END OF EXECUTIVE RETAIL SHOPPING WITH REGIONAL THE MARKET MONEY THE GOLDEN AGE OF KNOWLEDGE FOOD CONTACTS SUMMARY REIMAGINED A CONSCIENCE UPDATES ONLINE RETAILING? < > EXECUTIVE SUMMARY After an unprecedented year of turmoil, the UK retail sector and the property market that it supports is having to reinvent itself. IS THIS THE END OF EXECUTIVE RETAIL SHOPPING WITH REGIONAL THE MARKET MONEY THE GOLDEN AGE OF KNOWLEDGE FOOD CONTACTS SUMMARY REIMAGINED A CONSCIENCE UPDATES ONLINE RETAILING? < > EXECUTIVE SUMMARY OUR LATEST MIDSUMMER KEY FINDINGS RETAIL REPORT LOOKS AT ● The ‘Golden Age’ of online retailing is coming to an end. ● Major retail development can no longer play the kind Online retailers will be increasingly compelled to engage of central role in regeneration that it has for the past THE CHANGES IN STRATEGIC with physical shopping environments to stay competitive. 50 years. This poses the question as to what will become the economic focal point of urban environments. DIRECTION THAT THE SECTOR ● At £1,868 per person, the UK retail ecommerce expenditure per capita is higher than in any other G20 market, with ● The Government needs to do more to support the Retail WILL HAVE TO FACE IN ORDER both online advertising expenditure and internet retail Industry which employs 10% of the UK workforce and TO REMAIN RELEVANT expenditure almost trebling since 2010. generates £400bn of sales annually. ● Environmental concerns over the impact of online shopping ● The war on plastic, the rise of veganism and growing AND VIABLE. delivery may eventually lead to the introduction of a opposition to the waste incurred by ‘fast fashion’ are ‘suburban congestion charge’. just some of the societal trends that will impact both how we live and how we shop. ● Shoppers are realising that there is no such thing as ‘free delivery’ – if roads are being damaged and air is polluted someone has to pay. IS THIS THE END OF EXECUTIVE RETAIL SHOPPING WITH REGIONAL THE MARKET MONEY THE GOLDEN AGE OF KNOWLEDGE FOOD CONTACTS SUMMARY REIMAGINED A CONSCIENCE UPDATES ONLINE RETAILING? < > EXECUTIVE SUMMARY AROUND A THIRD OF VACANT THE MARKET PRIME SPACE HAS BEEN RENTS LEASING “ ● Across the 400+ locations we monitor throughout the UK, ● Retailers that have a compelling offer and are well aligned EMPTY FOR MORE THAN the reductions range from just over 5% in Central London to to their customer base are expanding their store networks. nearly 13% in Wales, with every region showing notable falls. TWO YEARS. ● Lease flexibility, more turnover-related leases and lower ● Average rents outside of Central London are now 30% fit-out costs are helping many of these brands to build lower than 2008 and, taking into account inflation, in real their presence across the UK. terms rents have halved during the last decade. ● Uniqlo, Skechers, SpaceNK, The Works, Primark, Oliver VACANCY Bonas, Deichmann, Mountain Warehouse, JD, Rituals, Anthropologie and Aldi are just some of the brands that ● For prime UK shops, vacancy stands at around 11% but this is the tip of the iceberg when temporary lets, CVA are currently growing and doing new deals across the UK. ” situations etc are taken into account. ● Around a third of vacant prime space has been empty for more than two years. ● The overhang of redundant retail space urgently needs to be reduced by repurposing for other – non-retail – uses. ● Hotel operators have been the fastest to capitalise on this repurposing trend. IS THIS THE END OF EXECUTIVE RETAIL SHOPPING WITH REGIONAL THE MARKET MONEY THE GOLDEN AGE OF KNOWLEDGE FOOD CONTACTS SUMMARY REIMAGINED A CONSCIENCE UPDATES ONLINE RETAILING? < > EXECUTIVE SUMMARY THERE IS A SUBSTANTIAL AND RETAIL CAPITAL MARKETS TURNING DATA INTO RENT GROWING GROUP OF INVESTORS ● The repricing process across retail capital markets will ● Building on years of work with major mobile providers, “ – in some circumstances – be too extreme and this will Colliers are now assessing both historical and real time WHO ARE CURRENTLY SITTING present opportunities to buy into future returns. behaviour insights across hundreds of UK data sources. QUIETLY ON THE SIDE-LINES ● There is a substantial and growing group of investors ● This analysis is part of an approach that can help landlords who are currently sitting quietly on the side-lines eyeing capture – in the form of rent – the value that shops play EYEING HEALTHY RETAIL healthy retail assets that are starting to look cheap. in driving online sales. ASSETS THAT ARE STARTING ● The private equity buying spree that took place in the ● As a measure of retail vitality, footfall should be replaced TO LOOK CHEAP. shopping centre market five years ago is rapidly unwinding. by the calculation of ‘total shopping hours’. ● However, lack of debt funding is hampering transactional ● Recent studies have shown that in some cases up to activity – particularly in the shopping centre sector. half of a brand’s online sales take place within five miles of stores. ● The disconnect between valuation and market pricing ” has never been more extreme. IS THIS THE END OF EXECUTIVE RETAIL SHOPPING WITH REGIONAL THE MARKET MONEY THE GOLDEN AGE OF KNOWLEDGE FOOD CONTACTS SUMMARY REIMAGINED A CONSCIENCE UPDATES ONLINE RETAILING? < > THE MARKET The statistics on retail property rents and vacancy make grim reading. Dan Simms reviews the numbers and considers the challenges. IS THIS THE END OF EXECUTIVE RETAIL SHOPPING WITH REGIONAL THE MARKET MONEY THE GOLDEN AGE OF KNOWLEDGE FOOD CONTACTS SUMMARY REIMAGINED A CONSCIENCE UPDATES ONLINE RETAILING? < > THE MARKET NEW THINKING NEEDED This year’s Midsummer Retail Report has been heavily influenced by what is happening in society as a whole as well as the continued evolution of our retail property market. This report’s theme is ‘A Change in Direction’ and we’re going RENTS to look at some of the robust and imaginative responses that Since we last reported, prime retail rents for new deals have DAN SIMMS need to be made in the face of what is an unprecedentedly fallen, on average, by 7%. challenging market. Co-head of UK Retail Agency Across the 400+ locations we monitor throughout the UK, the And it is today’s market that we’re going to look at first before reductions range from just over 5% in Central London to nearly we turn our attention to the future. 13% in Wales, with every region showing notable falls. To be clear, we’re not here to put any gloss on the current Those figures don’t seem that profound until you consider that condition of the retail landscape. in a ‘normally’ functioning market we’d usually see movements of around 1 or 2% each year for most of the UK. Our latest findings on rents and vacancy make grim reading – especially when you consider that we focus primarily on prime Average rents outside of Central London are now 30% lower than rents and the vacancy among prime properties. 2008 and taking into account inflation, in real terms rents have halved over the last decade. The most recent figures for the last 12 months show the largest reductions since the 2008-09 period, when UK-wide rents fell 11%. IS THIS THE END OF EXECUTIVE RETAIL SHOPPING WITH REGIONAL THE MARKET MONEY THE GOLDEN AGE OF KNOWLEDGE FOOD CONTACTS SUMMARY REIMAGINED A CONSCIENCE UPDATES ONLINE RETAILING? < > THE MARKET It wasn’t that long since Central London was registering double digit percentage annual growth, but even this most robust area has now reversed. RENTS – THE PAST DECADE GB Average ex Central London Looking ahead, with ongoing occupier failures, portfolio Prime Retail Rents rationalisation and no end to the CVA story we do not see any reason why this trend should not continue in the coming 12 months. (£) Supply tension creates rental stability and the prospect of growth, 115 but, of course, at present we have almost none. 110 105 VACANCY 100 On the face of it, the fact that 11% of the floorspace that we monitor across key UK locations is vacant, does not seem 95 30% excessive. 90 85 However, if you consider the number of shops where occupiers 80 remain in occupation rent-free to mitigate rates liabilities, temporary deals, CVA governed leases with multiple breaks 75 and leases being marketed etc then you start to realise that 70 this headline level of vacancy is just the tip of the iceberg. 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Source: Colliers As such, the headline drop in vacancy from 11.5% to 11.1% during the past year is actually masking a more profound situation. There has been a marked decoupling of the traditional relationship between vacancy and availability and there is now far more space available than that which is officially vacant. Across total vacancy there is also a predictable gulf between prime at 6.1% and secondary space at 15.1%. IS THIS THE END OF EXECUTIVE RETAIL SHOPPING WITH REGIONAL THE MARKET MONEY THE GOLDEN AGE OF KNOWLEDGE FOOD CONTACTS SUMMARY REIMAGINED A CONSCIENCE UPDATES ONLINE RETAILING? < > THE MARKET LOOKING BEYOND THE STATS THE REGENERATION CHALLENGE THROUGHOUT THE PAST 50 An inference that shouldn’t be drawn from these stats is that Throughout the past 50 years, retail development played YEARS, RETAIL DEVELOPMENT there isn’t activity in the leasing market. a pivotal role in the regeneration of cities across the UK. Uniqlo, Skechers, SpaceNK, The Works, Primark, Oliver Bonas, Major urban retail-led development had a profound impact on “ Deichmann, Mountain Warehouse, JD, Rituals, Anthropologie and the economic vitality on cities such as Liverpool, Manchester, PLAYED A PIVOTAL ROLE IN Aldi are just some of the brands that are currently growing and doing Bristol, Cardiff and Leeds.
Load more

Recommended publications
  • A Particular Take on Property ISSUE ONE
    A particular take on property ISSUE ONE ALL ABOUT YOUR AREA: A LOCAL PERSPECTIVE FROM STRUTT & PARKER pp01-12_&Harrogate_Cover_desFIN.indd 3 21/08/2013 10:37 Welcome to &Harrogate, a magazine showcasing local properties and giving you a taste of the area. Strutt & Parker is one of the most diverse property businesses in the UK, and the Harrogate office is a focal point for the wide range of departments and services we offer. The residential team specialises in selling a variety of properties across Harrogate and the surrounding towns and villages, while Strutt & Parker also provides unrivalled expertise in farming, land management, commercial property, planning and development. Read on to find out more Page 03 Insight: Strutt & Parker discusses the local market Page 04 First & foremost: the hottest properties and local highlights Page 06 Portfolio: property showcase Page 08 Trends & analysis: expert overview of the national market Page 09 Why Strutt & Parker? Page 10 Why we love Harrogate: locals reveal why there’s no place like home Page 11 Find us: local centre highlights Published on behalf of Strutt & Parker by Sunday sundaypublishing.com. All information and pricing correct at time of going to press. 02 &Cambridge pp02-03_&Harrogate_Intro_desFIN.indd 1 21/08/2013 10:45 INSIGHT A particular take on property ISSUE ONE Toby Milbank, Partner, explains how our Harrogate office brings a wealth of experience to the town’s robust property market from it all, there is no better way than exploring the pubs, restaurants, hills and valleys at the weekend. ‘The nearby A1 runs through the middle of the north of England and the East Coast railway goes through the region, giving access to Edinburgh and London.
    [Show full text]
  • Cities, Suburbs, Local Places, Open Spaces
    Cities,Suburbs, Local Places andOpen Spaces cities, suburbs, local places, open spaces Creating Places for People Creating Places for People Annual Review 2008 cities, suburbs, local places, open spaces Creating Places for People Annual Review 2008 3 Cities, Suburbs, Local Places, Open Spaces Tony McGuirk, Peter Drummond and Shyam Khandekar discuss the subject with Lee Mallett Lee Mallett (LM) New Town skills? A lot of the things that get better economies architecture and urban There’s been a shift from a debate about were set in place then are so pertinent to design can be used as a commodity. The architecture in the 1980s to more of a focus today’s society. professions, despite their mistakes, retain the on regeneration and urban design. drive of the wider issues. Energy, sustainability, PD global warming, they’ve become our wider Peter Drummond (PD) We’ve spent the last 30 years repairing some issues. They stimulate people, they stimulate Over the last 25 years the role of the urban of the damage which was the opportunity professionals. We started to gather the issues designer, the masterplanner has started to for some of the big schemes in the 1980s. after the recession of the early/mid 90s, flourish. Suburban development was left largely There was a dramatic change in attitude in the but then as we pulled out of recession we Tony McGuirk, Chairman to housebuilders. There is the sense now that early 1990s. We started to reappraise what also started to see architecture become a places are more important and part of the we needed to do in our towns and cities.
    [Show full text]
  • – Highland Council Supports Second Phase Independent Living Gets Housing Support
    scottish local authority news July 2021 Scotland is Stunning! – Highland Council supports second phase Independent Living gets housing support South Ayrshire beaches get prestigious award East Renfrewshire roads maintenance gets the green light PLUS Over fifty pages of local authority news Contents scottish local authority news July 2021 EDUCATION THE ARTS LEGAL 4-11 41-43 & CORPORATE 79-82 SIGN UP FOR TOURISM & OUR LATEST ENVIRONMENT SPECIAL FEATURES NEWS AND UPDATES 14-20 RECREATION EMAILED FREE TO 44-50 YOUR INBOX Subscribe at: http://bit.ly/CI-subscribe SOCIAL CARE FINANCE & HEALTH 51-59 TAYSIDE CONTRACTS 21-24 – revolutionising school meals 12-13 Do you use a PLACECUBE – the Digital ROADS & HOUSING Place TRANSPORT 62-67 32-33 25-31 care service? ASSOCIATION PROFILE – SCOTSS The Care Inspectorate regulates and inspects care services. 61 We publish inspection reports that tell you what we found. We can tell you more about your service and the kind of care you have a right ECONOMIC COMMUNITIES ASSOCIATION PROFILE DEVELOPMENT – ALACHO to expect. 71-78 34-40 68-69 We investigate complaints about care. If a service isn’t good enough, we can act to make sure it improves. Published by West Argyll Technical Publications Ltd MANAGING EDITOR Robert McCall ADVERTISING SALES Allan McCarthy, The views contained within are not necessarily those of the publishers, nor of any of the contributors. No element Libby Galbraith, Phil Campbell DIRECTOR Lynsey Moore of the content is to be founded upon or reproduced except Find out more about us and the care services you use. with the express permission of the publishers.
    [Show full text]
  • Unit 20-21 Princes Square East Kilbride Shopping Centre G74 1Ll
    RETAIL UNIT - TO LET UNIT 20-21 PRINCES SQUARE EAST KILBRIDE SHOPPING CENTRE G74 1LL LOCATION TENURE East Kilbride Shopping Centre is Scotland’s largest New lease for a term to be agreed. covered retail and leisure destination. The centre benefits from footfall of over 15 million and is anchored QUOTING RENT by Marks & Spencer, Debenhams, Primark and Odeon Further details on request. Luxe. Other key retailers include H&M, Zara, Topshop and JD. RATES The local Assessors Department advises that the The subject property is located in a prominent position, Rateable Value for April 2017 is £45,000. Estimated immediately adjacent to McDonalds and RBS. rates payable for 2020/21 are £22,410 pa based on a rate poundage of £0.498. All interested parties should make ACCOMMODATION their own enquiries to the local Assessors Department to The premises are arranged over ground and first floor confirm the above figure. levels and have the following approximate areas: Ground Floor: 129.2 sq m (1,390 sq ft) First Floor: 136.9 sq m (1,474 sq ft) The above areas are approximate and should be verified by any interested party. SERVICE CHARGE FURTHER INFORMATION Service charge payable for 2019/20 is £18,446 per If you would like to know more about the exciting annum. opportunities available at East Kilbride Shopping Centre, please contact: EPC Full EPC report available on request. Wemyss House LEGAL COSTS 8 Wemyss Place Each party will be responsible for their own legal costs Edinburgh EH3 6DH incurred in the transaction and the in-going tenant is responsible for any Land & Building Transaction Tax savills.co.uk (LBTT), VAT and registration dues.
    [Show full text]
  • Belfast Investment Guide
    SPONSORSHIP Cannes, France 12th-14th March 2019 Investment Guide 2020 @BelfastMIPIM InvestInBelfast.com/MIPIM 3 Contents Welcome 3 Welcome Belfast at a Glance 4 Suzanne Wylie Chief Executive, 6 Reasons to Invest in Belfast Belfast City Council Key Sectors Belfast is a city of exceptional possibilities. Our city has has seen over 2.5 million sq ft of floor space of office 7 seen an impressive trajectory of development across accommodation completed or under construction; almost sectors ranging from hotels, office accommodation, 5,000 purpose built student accommodation beds have Belfast Region City Deal cultural venues and visitor experiences, education space been completed or under construction; and to support 10 and student and residential accommodation. the growing tourism market, 1,500 hotel beds have been completed; and approximately 5,000 residential units Northern Ireland Real Estate Market We’re committed to taking Belfast to the next level. for the city centre are at various stages in the planning 12 The £850 million Belfast Region City Deal will see process. investment in innovation and digital, tourism and Opportunities regeneration, infrastructure and employability and skills Additionally, there are over 40 acres of major mixed-use 14 across 22 projects. These projects will be underpinned regeneration schemes currently in progress, including by investment in employability and skills which will Weavers Cross (a major transport-led regeneration accelerate inclusive economic growth, significantly project) and significant waterfront developments. increase GVA and create up to 20,000 new and better jobs across the region. As a city with unrivalled growth potential, we look towards an exciting future for all in which to live, work, learn, play Strong collaborative leadership is key - and we’re leading and invest.
    [Show full text]
  • Scotland's Retail Crowning Jewel the Latest Stop of Retail Week's Summer Roadtrip Takes Us to Scotland Where We Visit Edinburgh, Glasgow, Aberdeen and the Highlands
    12 Retail Week August 25,2017 Scotland's retail crowning jewel The latest stop of Retail Week's summer roadtrip takes us to Scotland where we visit Edinburgh, Glasgow, Aberdeen and the Highlands. Luke Tugby reports dinburgh and Glasgow have long grap• tourism, it now employs Mandarin speakers pled over the right to be called the jewel permanently rather than seasonally on the shop in Scotland's retail crown, both offering floor, and dedicates the same amount of space genuine shopping destinations for locals throughout the year to Scottish souvenirs instead Eand tourists alike. of contracting space during winter months. They now find themselves tussling over a But Thomlinson and Jenners aren't stopping direct flight from China, which should provide there. "We're also looking at the possibility of Above and top right: Jenners, Edinburgh a boost to tourism. Whichever city winds up with maybe next year using the roof as an area to that feather in its cap, both are well-equipped watch the firework displays, either during the exists with an interesting mix of uses and offers," to thrive. festival or at Christmas and at Hogmanay, where Moorgarth chief executive Tim Vaughan says. Edinburgh is perhaps more accustomed to we can have a small event for maybe 50 VIP "Our proposals will massively improve the servicing a tourism influx - the Fringe, currently customers," he says. profile and prominence of the scheme." in full flow, more than doubles the city's usual It's forward-thinking approach is mirrored 500,000 population. But the area has adapted across Edinburgh as the city seeks to realise its Glasgow packs a punch to create reasons to visit all-year round - and growth potential.
    [Show full text]
  • (Public Pack)Agenda Document for Council, 07/01/2019 18:00
    Public Document Pack BELFAST CITY COUNCIL SUMMONS TO ATTEND THE MONTHLY MEETING OF THE COUNCIL TO: THE LORD MAYOR, ALDERMEN AND THE COUNCILLORS OF BELFAST CITY COUNCIL Notice is hereby given that the monthly meeting of the Council will be held in the Council Chamber, City Hall, Belfast on Monday, 7th January, 2019 at 6.00 p.m., for the transaction of the following business: 1. Summons 2. Apologies 3. Declarations of Interest 4. Minutes of the Council (Pages 1 - 14) a) Amendment to Standing Orders To affirm the Council’s decision of 3rd December to amend Standing Order 37(d) to give effect to the Licensing Committee having delegated authority to determine applications under the Houses in Multiple Occupation Act (Northern Ireland) 2016. 5. Official Announcements 6. Request to Address the Council To consider a request from Mr. Conor Shields, Save CQ Campaign, to address the Council in relation to the motion on Tribeca Belfast being proposed by Councillor Reynolds. 7. Strategic Policy and Resources Committee (Pages 15 - 66) 8. People and Communities Committee (Pages 67 - 114) 9. City Growth and Regeneration Committee (Pages 115 - 162) 10. Licensing Committee (Pages 163 - 174) 11. Planning Committee (Pages 175 - 200) 12. Brexit Committee (Pages 201 - 206) 13. Notices of Motion a) Inter-Generational Loneliness Proposed by Councillor Mullan, Seconded by Alderman Spence, “This Council notes with concern the impact that inter-generational loneliness and social isolation is having across the City. The Council recognises the good work already being done in the Council to address these problems but acknowledges that more needs to be done.
    [Show full text]
  • RECOMMEND a FRIEND... To
    RECOMMEND A FRIEND... to and receive a £25 voucher when they book their first David Urquhart Travel holiday. Your friend, The NEW David Urquhart Travel guest receives £15 OFF their booking too! Spread the word and tell your friends about David Urquhart Travel holidays Tell your friends about Holidays and you could receive a £25 Gift Voucher! £15 Do you like travelling with David Urquhart Travel? OFF Your friends first If so, tell your friends about us and if they book a holiday booking! with us, and haven’t travelled before, YOUR FRIEND receives a £15 discount on their first David Urquhart Travel booking and YOU receive a fabulous £25 Gift Voucher to put towards any David Urquhart Travel break. Receive a £25 gift voucher for EVERY friend you recommend…it’s easy! 1. If your friend hasn’t heard of David Urquhart Travel, tell them all about us. 2. When they book their first holiday you just need to fill in their details and your details on the form provided. 3. Return the form to the address provided and our friendly reservations team will send YOU a £25 voucher and award your friend a £15 discount on their booking. 4. There’s no limit to how many vouchers you can claim, so start telling your friends today! davidurquhart.com | 01355 711620 Please complete this claims voucher and return to David Urquhart Holidays Ltd, Unit 11, 10 Princes Square, East Kilbride Shopping Centre, East Kilbride, G74 1LL My name is... I would like to recommend... Booking Reference Name: Name: Address: Address: Postcode: Postcode: Tel.
    [Show full text]
  • Stourport Ring from Alvechurch | UK Canal Boating
    UK Canal Boating Telephone : 01395 443545 UK Canal Boating Email : [email protected] Escape with a canal boating holiday! Booking Office : PO Box 57, Budleigh Salterton. Devon. EX9 7ZN. England. Stourport ring from Alvechurch Cruise this route from : Alvechurch View the latest version of this pdf Stourport-ring-from-Alvechurch-Cruising-Route.html Cruising Days : 8.00 to 11.00 Cruising Time : 51.50 Total Distance : 84.00 Number of Locks : 118 Number of Tunnels : 10 Number of Aqueducts : 0 Offering an interesting mix of river, countryside and cities, this route will take you through the historic city of Worcester, along the River Severn to one of the prettiest canals in England- The Staffordshire & Worcestershire . Take a Steam train ride in the Severn valley and cruise through Birmingham to the superb 26 acre outdoor Black Country Museum, the cosmopolitan Gas Street Basin with all its cafes and bars, and Cadbury World at Bournville. Cruising Notes Novices should take 10-14 days to complete this ring, but experienced boaters can do it in 1 week, but if you want to stop off & explore you will need 10-14 nights. Day 1 Cruise from Alvechurch marina southwards towards Worcester and you will soon encounter your first tunnels, although at 613 yards and 580 yards they are some of the shorter ones. After the last tunnel you will soon reach the Tardebigge Locks. These represent the Boaters Rite of Passage, as these 30 locks, combined with the nearby 6 Stoke Locks, represent 36 locks in 4 miles, and other groups of locks will pale into insignificance in comparison.
    [Show full text]
  • WOLVERHAMPTON WELCOME | 01 Welcome to the Mander Centre the Mander Centre Is the Dominant Retail Destination in the Centre of Wolverhampton
    NOW SIGNED WOLVERHAMPTON WELCOME | 01 welcome to the mander centre The Mander Centre is the dominant retail destination in the centre of Wolverhampton. The revitalised centre, anchored by Debenhams, H&M and a brand new New Look, presents retailers with the opportunity to trade and capitalise on a modern retail destination. A raft of new retailers have committed to the scheme, totally 105,000 sq ft. They are One Below, Matalan, Wilko and B&M, who will open between March and November 2019. CONTENTS 01 Welcome 07 Leasing Plan Upper Mall 02 Key Facts 08 City Economy 03 Retail 09 Marketing Support 04 The Development 10 Contact 05 Catchment 06 Leasing Plan Lower Mall KEY FACTS | 02 KEY FACTS 12.5 MILLION 23,000 ANNUAL FOOTFALL UNIVERSITY STUDENTS 65 584,000 £25 MILLION COMPLIMENTARY RESIDENT CATCHMENT INVESTMENT PROGRAMME RETAILERS POPULATION 8 NEWLY CONFIGURED UNITS 94,000 PREMIER LEAGUE FOOTBALL TEAM 550 RANGING 1,850 SQ FT - 19,700 SQ FT NEW DEBENHAMS ATTRACTS 500,000 FANS ANNUALLY CAR PARK SPACES ANCHOR STORE GLA 78,000 550,000 SQ FT AVERAGE WEEKLY TOTAL RETAIL GLA SOCIAL REACH 5TH BEST RETAIL LOCATION FOR INVESTMENT AS PER £228 MILLION PROPERTY WEEK/CACI RANKINGS NON GROCERY SALES RETAIL | 03 RETAIL “We are delighted to be opening our latest city centre store in Wolverhampton. The Mander Centre is the perfect location for our family offering and our exciting new concept store. We can’t wait for the people of Wolverhampton to shop our brand new clothing and homeware ranges in our new state-of-the-art store, designed specifically for our city centre shoppers.
    [Show full text]
  • 24-26 April 2013 METREX Glasgow Spring Conference
    METREX The Network of European Metropolitan Regions and Areas 24-26 April 2013 METREX Glasgow Spring Conference Theme The Metropolitan Dimension - The state of the Union Hosts Glasgow City Council and the GCVSDPA Glasgow City Centre and Waterfront 2009 - Jason Hawkes Aerial Photographer METREX The Network of European Metropolitan Regions and Areas Wednesday 24-Friday 26 April 2013 METREX Glasgow Spring Conference Theme The Metropolitan Dimension - The state of the Union METREX METREX is The Network of European Metropolitan Regions and Areas. It was founded in 1996 at the Glasgow Metropolitan Regions Conference, supported by Local Authorities and Government bodies in the West of Scotland and DG Regio of the European Commission. Its purpose is the exchange of information, knowledge, understanding and experience in metropolitan affairs but with a core interest in spatial planning and development. It now has Members from some 50 of the major metropolitan areas in Europe, including the Glasgow and the Clyde Valley Strategic Development and Planning Authority (GCVSDPA). METREX Details can holds be biannualfound at www.eurometrex.orgConferences and works through Expert Groups and Projects on issues of common member interest. Details are at www.eurometrex.org Metropolitan Dimension There is a range of key urban issues that can only be addressed effectively at the metropolitan level Urban structure - the balance to be struck between urban renewal (of land and buildings) and urban expansion Urban connectivity - the relationships between modes of
    [Show full text]
  • Development Management Officer Report Committee Application
    Development Management Officer Report Committee Application Summary Committee Meeting Date: 21 January 2020 Application ID: LA04/2017/2341/O Proposal: Location: Application for outline planning permission for Land Bounded by Royal Avenue, York Street demolition, redevelopment and part change of and Church Street to the North; North Street to use to create a mixed use development the west; Rosemary Street to the south and comprising retail, offices, cafe/restaurant, High Street to the south; and Donegall Street to residential, hotel, cultural/community space, the east. The site is located approximately parking, servicing, access and circulation 300m west of Laganside Bus Station, 300m arrangements, the creation of new streets, the northeast of City Hall and 900m northwest of configuration of Writers Square, public realm Central Train Station. works, landscaping and associated site and road works. The proposal includes works to alter listed buildings, restoration of retained listed buildings and facades, and partial demolition of North Street Arcade, retaining its facades. Details of the retained elements of the Listed Braddells building, Former Assembly Rooms and North Street Arcade facades are provided along with the layout of the new Arcade. Referral Route: Major Application Recommendation: Approval subject to conditions and completion of a Section 76 planning agreement. Applicant Name and Address: Agent Name and Address: PG Ltd Savills 49 Berkeley Square Embassy House London Queens Avenue W1J5AZ Bristol BS8 1SB Executive Summary: Consideration of this planning application follows a pre-determination hearing held by the Planning Committee on 16 December 2019. The main issues to be considered in the assessment of this application are set out below.
    [Show full text]