August 11, 2011 Leave a comment
After the destruction and rioting evident on Londons streets, property investors may be forced to think over there future business plans regarinding investment in UK retail assets outside of central London. Locations such as Croydon have been a focal point for investors. However the UK property riots have damaged malls, shops and residents properties alike, hindering the already stuggling economy.
Property analyst at JP Morgan, Harm Mejer stated that although “The riots were more bad news for a (retail) sector already struggling, it is not a huge disaster at this stage but you could expect a small impact on estimated rental values,”
In recent years international investors have taken a profound interest in out of London UK shopping centres, which are proving to be more profitable and viable in the long term. However the telivised coverage of looted malls and shops does not reflect and encourage potential investors into the area. The UK high street has been performing at a dismal level reflecting the decreasing turnover, vacancy rates and capital value. Read more of this post