Brought to you by our friends at The Society of Property Researchers, we have a fascinating new webinar for you.
The final webinar in the trilogy on repurposing different retail types looks at the challenges and opportunities faced in repurposing redundant shopping centres and department stores
We will also discuss specific investment strategies which a major institutional fund manager is adopting to repurpose these types of assets to other uses and how they are unlocking value to future-proof them into sustainable, mixed-use developments with resilient income for the post-pandemic age.
Shopping centres and department stores are currently facing their own unique challenges, with pandemic-induced lockdowns causing the closure of non-essential retail stores and consumers driven to shop online, accelerating the ongoing structural changes seen well before the pandemic. With online sales now accounting for 30% of total retail sales in the UK and department store and fashion-based retailers struggling and increasingly going into CVAs and administrations, vacancy rates continue to rise across high streets and shopping centres, leading to long-term structural decline.
Against this weakened economic backdrop, our expert speakers and panellists will discuss what type of retail and leisure experience consumers will want post-pandemic, what the key trends will be and what opportunities there are likely to be in repurposing redundant types of retail assets to other uses such as coworking, residential, alternatives and mixed-use community schemes to revitalise our high streets and city centres. We will also hear from an architect with his views on what makes a successful redevelopment by putting the customer experience at the heart of the project.
This event will consist of short presentations by the speakers, followed by a panel session with Q&A.
- Joanna Turner is Head of Property Research at Canada Life Asset Management
- James Child is Head of Retail & Industrial Research at EG
- Tom Whittington, Director, Retail and Leisure Research, Savills
- Matthew Soffair, Research Manager, Retail & Leisure, Legal & General Investment Management
- Patrick Abrams, Managing Director, Applied Studios
To see speaker biographies and find out more, visit the SPR Website
If you are not a member of the SPR you will need to book by emailing Rita Gosrani on firstname.lastname@example.org.
Places are limited so don’t miss out, email and book your place today!