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Search Results for: retail leisure – Page 9

“Recent research carried out by Leisure Development Partners, in cooperation with Mapic, has shown that introducing a leisure concept into a retail space increases its footfall by up to 4 percent and the retail spend by up to 16 percent.”

HB Reavis is developing the mix-used scheme Stanica Nivy in the emerging Nove Nivy zone in Bratislava. This new shopping destination will attract 55,000 visitors daily.

Retail parks were long considered a necessary evil. However, their image changed drastically as they defy online retail due to their function as local suppliers. They now have the full support of customers, tenants, and investors.

“In our view the residential market is complementary to retail real estate, and combining them in a balanced way will only add to the strength of a location. In that sense, mixed-use developments tie in nicely with our retail background.”

Schroder UK Real Estate Fund has signed 2,000 sq m of lettings at its 5,600 sq m Meadows retail park in Chelmsford, unlocking an investment opportunity that will reposition the asset in line with the changing needs of consumers.

In order to survive, shopping centers are beginning to adapt retail, housing cultural, educational, and leisure facilities all under one roof. Since 80% of those visiting malls are Millennials or Gen Z, leisure is a hot topic within retail development.

The £72 million retail and leisure development at intu Lakeside, which opens later this year, will introduce new restaurants and leisure brands to the south east of England; boosting the local economy with hundreds of new jobs across the leisure and hospitality sectors.