Retail & Leisure

We are the UK’s largest owner and manager of retail space. Our portfolio is closely aligned to the way people shop today: we provide high quality retail alongside a growing leisure offer in attractive and accessible places.


assets under management



of which we own


high quality and well located properties



individual assets





contracted rent

Reflecting wider macro trends, our strategy in retail is to focus on assets which are internet resilient and which are in tune with modern lifestyles. This means owning assets that capture a broad range of consumer journeys, and where we can use our skills, knowledge, insights and relationships to drive value.

Understanding our customers – the people who shop at our assets, is a core part of our approach, and we are investing in resources to bring us closer to them. Our regular surveys now cover virtually all of our multi-tenanted assets, with over 55,000 shoppers interviewed annually, providing valuable insight into their expectations. We are responding to what we learn, investing across the portfolio with initiatives ranging from large scale extensions, adding food and leisure space to relatively simple improvements such as landscaping and wi-fi coverage.

The strength of our customer appeal enables us to attract some of the strongest retailers to our assets. The quality and diversity of our occupiers, their consistently high occupancy levels and relatively long leases provide a security of income which enhances the overall quality of the portfolio.