Buyers eye UK retail assets as high street reopens

Metrocentre_Alamy_575x375_12April21
By Tom Brown
12 Apr 2021

With the UK opening up high street retail on Monday, investors are said to be eyeing retail real estate for opportunities. But the market, hit hard by the pandemic, will be slow to recover – with Newcastle’s Metrocentre becoming a prominent example of the future for shopping centres after the pandemic.

As the positive outlook for shopping centres increases, so too does the possibility of asset sales. Buyers in 2020 had been split into two camps: the first arguing for waiting out the pandemic until pent-up demand washed away worries about profitability, the second arguing the outlook for retail ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial