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Centre Managers’ sentiment improved slightly in the latest Retail Centre Managers’ Survey, although this was from a low base. As at May 2012, 57% of Centre Managers expected growth in retail sales over the next 12 months compared to 49% as at February 2012. There was a slight improvement in tenant enquiry of the last quarter. Overall, enquiry remains challenging, with food retailers and the discount variety sector (in sub-regional centres) showing the main interest.Tenancy mix and new investment in the form of refurbishment were highlighted by many Centre Managers as key to driving solid growth in a challenging environment.
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Monday, 28 May 2012