Retail Portfolio

Our retail business represents 44.7% of the combined portfolio by value, and includes 28 shopping centres and 29 retail parks. With over 1,600 occupiers and 1.7 million m² of retail accommodation, the Retail Portfolio has a 5.1% share of the UK’s retail commercial property market.

Many of our retail properties form the central shopping districts of major cities and towns across the UK and we are investing some £1.2bn to create the next generation of retail schemes through a 380,000m² development pipeline.

National sales data has shown that retail conditions have remained broadly similar over the past 12 months and our experience of leasing conditions on new and existing shopping centres and retail parks is consistent with this, demonstrating continuing demand for our retail development pipeline.