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| | | | 17/06/2013 | Telegraph, Graham Ruddick - Retailers take new shopping centre schemes to the checkout | | | | | UK shopping centre developments restart | | | | | The Telegraph reports that shopping centre developments throughout the UK are restarting for the first time since the collapse of Lehman Brothers.
New projects have been frozen amid concerns that economic conditions would dampen demand from retailers for new shops, sending the pipeline of developments to a 10-year low of 48.67m sq ft.
However, projects in Glasgow, Leeds, Oxford, Bracknell and Bradford now look set to get off the ground after retailers such as John Lewis signed up to be the anchor tenants, according to property agent CBRE.
A total of 40% of the new projects are in London and are part of the "largest development surge in a generation" as schemes such as Battersea Power Station that have been earmarked for at least a decade finally begin.
Other projects in London include a redevelopment of the Whitgift shopping centre in Croydon by Hammerson and Westfield, as well as developments at Wembley, Earls Court and King's Cross. |
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