Issue 2019 May 7th

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    UK landlord downgrades expectations against tough retail backdrop

    UK shopping centre landlord intu last week issued a warning of a bigger drop in rental income this year as struggling retailers shut shops at a faster rate than expected. The company said that Brexit uncertainties were also having an impact on letting demand and that it would suffer from a further rise in company voluntary [...]
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    UK capital overtakes Hong Kong, according to latest rankings

    London has overtaken Hong Kong to be ranked second in the latest Schroders Global Cities 30 index, despite economic and political uncertainty in the UK. The ranking reinforces London’s position as a significant contributor of the UK economy and highlights the UK capital’s attraction as a location for real asset investing. London remains the highest-positioned [...]
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    MAPIC Food: Focus on rise of dark kitchens

    Amid the F&B boom, such has been demand that established restaurants have sometimes struggled to cope and have turned to so-called dark kitchens. At MAPIC Food in Italy this week, the rise in dark kitchens will be discussed and RPA caught up with some of the speakers ahead of the event. “Dark kitchens have been [...]
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    MAPIC Food: Rise of F&B requires landlord rethink

    Over the past decade the proportion of retail destinations given over to food and drink has transformed, from little more than 5% to closer to 20% in some of the newest schemes, not far short of the 25% more typical in Asia. Not only that, but the scale and ambition of F&B space has increased, [...]
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    Interview: LPP to expand store size to boost customer experience

    Polish fashion retailer LPP is well established in Central and Eastern Europe but it was arguably its opening in London during the autumn of 2017 that put it on the global stage. The debut of Reserved on one of the most important shopping streets in Europe attracted crowds of customers for a store that exceeds [...]