Out of Town Retail

Retail Warehouses

British Land’s retail warehouse park investments represent 24% of the portfolio.

In retail warehouse parks we favour open A1 planning consents where supply is extremely restricted and customer demand remains high.

Key features in the out-of town portfolio are:-

open A1 use, applying to more than 80% of our retail park schemes, which can attract high street retailers
larger schemes, usually over 100,000 sq ft, capable of dominating their catchment area
flexibility of unit size and configuration, to ensure that we can offer retailers their preferred floorplate at both shopping parks (where trend is towards smaller units for efficient trading and superstores
schemes we can manage overall to improve the tenant mix and to provide better facilities (from cafes to cashpoints) in an environment which will increase shoppers’ dwell time and improve sales densities for our retailers, while keeping occupational costs at a reasonable level in each case to benefit the retailers trading and our opportunities to generate rental growth.

As at 31 March 2008