What the Retail Portfolio does
We aim to deliver growing rental income, higher investment values and future development opportunities. To achieve this, we prioritise assets able to thrive in a fast-changing retail environment. We make locations more attractive through asset management. We transform undervalued areas into thriving destinations through development. We work closely with retailers and local authorities so we can respond to changing needs. And we recycle capital and apply skills to reposition assets up the value hierarchy.
Our strategy has remained clear and in line with the evolving nature of the retail market. Based on our knowledge of the retail sector and our relationships with key retailers, we aim to provide our customers with new or more efficient space that helps them drive their own profits. Through that we will create value across both our asset management and development activities.
Our aim is to own assets that are affordable for retailers and have active plans for growth. We will look to improve our assets, raising them up the retail hierarchy and improving their appeal relative to any competition. We see opportunities to apply our skills across the retail market and work in partnership with retailers on specific locations to drive returns. Where we do not see these opportunities within our assets, as has been the case with a number of our secondary properties, we will sell them and reinvest the capital elsewhere. We have started to grow our representation in leisure because of the increasing role of this area in anchoring retail centres and in creating attractive stand alone destinations.