LONDON, Sept 19 (Reuters Breakingviews) - Retail parks are a beacon of hope in a gloomy UK property market.
Since their 2015 peak, average retail rents have come down by a third, analysts estimate.
Retail parks are also good for e-commerce as they allow customers to drop off and pick up orders.
That’s not the case on the high street, where business rates and high rents have driven tenants out.
Today’s 2.5% rise in its shares suggests investors need more than growing retail parks to be convinced of its prospects.
Persons:
That’s, Aimee Donnellan, Francesco Guerrera, Oliver Taslic
Organizations:
Reuters, Sports, Land, Centre for Retail Research, X, Thomson