Following a shopping trip during half-term, Bull and Bear meet up to discuss the state of the UK shopping centre market.
On the back of results released by Hammerson and Unibail-Rodamco-Westfield, there is increasing evidence that best-in-class retail space is starting to recover and that rents are growing in the right locations. But for non-prime centres, it still remains a very difficult story.
Although investors are increasingly seeing opportunities in the best-positioned schemes, the UK shopping centre investment market can best be described as ‘muted’, with Q1 2024 being one the five quietest first quarters in the last thirty years.
Enjoy your Sunday