Posts Categorised: Commercial Spaces

Special effects

Author: Pragma / Categories:
  • Commercial Spaces
  • The most important trend in the retail property development market is specialisation.
    Whether focusing on a specific product category (see BOXPARK’s F&B cluster in Croydon), price positioning (the outlet centre sector more broadly) or customer trip (Cheltenham’s new leisure hub, The Brewery), the most successful developments are finding a niche to remain competitive in a mature UK

    Although it can seem at times as if the retail sector talks about nothing but millennials, very little has been written about this group of consumers in the Middle East.
    Whether the difference is double, triple or even greater, Gulf-based Arab millennials spend significantly more than those in the West. They benefit from, amongst other

    Consumers are increasingly shifting their expenditure from shopping to socialising, posing a big challenge for landlords and retailers.
    Most retail destinations, such as shopping centres, were not built with a mixed-use purpose in mind. While many have added cafés and restaurants to their mix in recent years, investment is required to adapt these spaces for

    High-end fashion retailers are now using outlet centres for very different reasons.
    Once considered a necessary evil, where brands could dispose of excess stock far away from their full price stores, outlets now present an attractive opportunity for brands to grow sales, without necessarily damaging their brand.
    This change has been driven by the steady

    Park life

    Author: Pragma / Categories:
  • Commercial Spaces
  • Retail parks have seen a significant increase in popularity in recent years. Figures from the BRC and Springboard for January 2016 showed that retail parks saw a year-on-year increase in footfall of 5.2%. This is in stark contrast to high streets and shopping centres, which saw footfall decline during 2015. So why is this?
    Convenience

    Mixed bag

    Author: Pragma / Categories:
  • Commercial Spaces
  • With urban areas becoming increasingly space constrained, and developers ever more keen to diversify income streams, mixed use developments are fast becoming the hottest property around. Empty-nesters and millennials are particular advocates, enjoying the proximity to shops, restaurants and offices.
    As with the regeneration of London’s King’s Cross, for example, retail and F&B can be

    Ireland has bounced back strongly from a long, enduring decline and is now the fastest growing economy in the EU, posting 6.8% GDP growth for 2015. The suggestion that Ireland would make a roaring recovery to match its Celtic Tiger heyday was inconceivable until recently. The Irish Central Bank has said that Ireland’s recovery has

    Achieving a vibrant mix of retailers is an essential part of managing and growing shopping centre income. As fashion can account for over 60% of turnover at large shopping centres, there is no more important merchandise category. However, it is common for asset managers to plan fashion mix in terms of functional segments (e.g. ladieswear,

    Prime time

    Author: Pragma / Categories:
  • Commercial Spaces
  • Cash-strapped twenty-somethings are not the only ones desperate to own a home in central London: in recent years there has been a surge in the number of retailers opting to purchase rather than lease their stores in the West End.
    Recent research by Savills, for example, shows that 22% of Bond Street is now owned

    We have been working with asset owners, operators and investors in Dubai since the early 2000s, and have witnessed first hand the boom and bust of the Emirate.
    With Ramadan due to start this week, Dubai will slow down until after Eid al-Fitr in July, giving us time to look back on Dubai’s recent achievements: