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Since early 2007, I have had the privilege to be involved in the topic of sustainability in the real estate sector.

Due to developments in the retail landscape in the midth of Europe and internationally, typical department stores everywhere are threatened with extinction.

When international retailers and consumers think of the UK retail industry, London has traditionally dominated the outlook.

The 7th Magdus European Outlet event was held in Paris on June 11 and 12. The main topic of the presentations was “Outlets: seizing opportunities for growth”.

For the shopping center industry sustainability has become in the past years much more than simple positioning. It is considered a relevant economic, social and environmental aspect that has a significant impact on corporate value.

The last twelve months have been incredibly active in the retail business at Land Securities and this has been driven by a strategy that has completely transformed our retail portfolio by focusing on schemes that deliver dominance, experience, and convenience in their respective catchments. This transformation is best demonstrated with an in-depth look at the drivers of success that consumers and retail brands have responded to. This has ultimately resulted in having a retail portfolio that is made up of fewer properties overall, but a higher number of bigger, better, flagship centers located in prime shopping locations.