The dramatic rise of out-of-town retail

It’s fair to say that high street success stories during the peak of the pandemic were few and far between. However, the struggles of the high street have paved the way for an alternative asset class – out-of-town retail centres. The rise and continued success of out-of-town centres was reflected in British Land’s results this week as the landlord reported a rise in net asset value for the first time since 2018, thanks largely to its investment in retail parks. Darren Richards, Head of Real Estate at British Land, told Property Week “Retail…

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