Trevor Wood Associates’ Post

Name: #retailparks #retailwarehousing #vacancyrate #definitiveguide #southeast | Trevor Wood Associates
Uploaded: 2024-05-29T09:09:10.709Z
Duration: 2 min 9 s
Channel: Trevor Wood Associates
Description: British Land are now the leading Investment Manager for both Retail Park's and Retail Warehousing in the South East. For a more detailed look on who the top landlords, agents and tenants are for the region, as well as latest vacancy rate figures for the region please take a look at our short presentation. #retailparks #retailwarehousing #vacancyrate #definitiveguide #southeast

Trevor Wood Associates

409 followers

10mo

British Land are now the leading Investment Manager for both Retail Park's and Retail Warehousing in the South East. For a more detailed look on who the top landlords, agents and tenants are for the region, as well as latest vacancy rate figures for the region please take a look at our short presentation. #retailparks #retailwarehousing #vacancyrate #definitiveguide #southeast

Transcript

Thank you for joining us as we run through the key highlights for the Southeast taken from our review, The Definitive Guide to Retail Leisure Parks 2024. If we start by looking at the largest park in the SE, it continues to be the 532,000 square foot the brewery, which also ranks as 8 nationally. British Land and other leading investment manager for retail warehousing in the Southeast and that follows the purchase of Westwood Gateway Retail Park and Westwood Retail Park in Broadstairs. And they also remain the leading investment manager of retail parks. Savills are the leading managing agent for both the Southeast and nationally. And Cursed and Sauby partners continue to be the leading letting agent within the region. BNQ remain the leading tenant within the South East. And if we take a look at the vacancy rates for the region, at Q 4/20/22, the vacancy rate for the Southeast had fallen to 5.1%. However, following a number of closures, including Argos, Extras and Wilco, that figure has risen within the region. The vacancy rate for Q 4/20/23 rose to 5.9%. So to summarize our key points. Their brewery continues to be the top retail park and British Land are now the leading investment manager for both retail warehousing and when we look at specifically retail parks. Samples remain the leading managing agent and Curves and Salvi continue to be the leading letting agent while being he remained the top tenant and the vacancy rate has risen to 5.9% within the Southeast.

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