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Nigel TAYLOR Published
July 11,黑帽快排宽列库 2025
When it comes to shopping venues, retail parks continue to be “the winning retail format”. That’s according to British Land which is heavily backing the destination type and owns/operates over 40 of them, as well as the flagship Meadowhall mall outside Sheffield.
Without mentioning its key mall, in its trading update to the stock market on Tuesday and ahead of the day’s AGM, the commercial property giant said the parks format offers the perfect combination of “affordability, omni-channel compatibility and low capex requirements”.
The result? Retail parks “continue to perform strongly”, with occupancy at 99%, footfall up 1% year-on-year and sales up 6% on a year ago, it said.
That means 387,000 sq ft of retail leasing completed. This includes 227,000 sq ft of deals across retail parks,13.5% ahead of plan with a further 738,000 sq ft under offer, 17.7% ahead of plan.
And that’s boosted further by 109,000 sq ft of renewals and extensions completed within the portfolio.
Retail parks have been particularly interesting in recent years, given their strong performance (much better than traditional shopping malls) before, during and after the pandemic. During the last decade, they transformed themselves from destinations that were all about supermarkets and DIY stores into much more broadly spread locations with fashion and beauty also playing a big part in the overall offer these days.
Simon Carter, CEO, said: “We continue to see strong operational momentum in the business, despite ongoing macroeconomic uncertainty, with good leasing activity reflecting our focus on execution and the exceptional quality of our portfolio.”
And British Land noted this is backed up with a strong liquidity, much needed in tough economic times like these, with £1.7 billion of undrawn facilities and cash, with no requirement to refinance until early 2026.