John Winfield- Bluewater Shopping Centre, Dartford, Kent

Report: is OOT retail property “overrented, over-stocked” and set to struggle?

Out-of-town retail has consistently outperformed its high street counterpart in recent years, with both opportunistic retailers and customers trading town centres for retail park shopping. Rental analysis of the retail park sector shows that the next five years could be testing for landlords as vacancy and lease terms work to suppress asset values. According to Radius Data Exchange over 50% of retail park leases signed since 1990 expire or experience lease break between now and 2025. The outcome of this is that large swathes of out of town stock will…

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Westway Retail Park

Legal challenge to plans for Cumbernauld retail/cinema scheme

Lawyers acting for the Antonine Centre in Cumbernauld have demanded North Lanarkshire Council delay taking a decision on development plans for the out-of-town Westway shopping centre. The law firm Shepherd and Wedderburn, acting for Bridges Antonine LLP, claim the council has made serious mistakes dealing with the plans, which they say threaten the future of Cumbernauld town centre. Councillors will decide whether to give the go ahead for a major cinema and retail development on Thursday. The application from Dutch-based Promontoria Holdings is seeking planning permission in principle for a…

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