Fewer shopping centres changed hands in 2023 than in any year since the turn of the millennium, but a slump in values is beginning to draw back prospective buyers.
Investors spent £1bn on British shopping malls last year, data shows. That is two-thirds below the £2.7bn spent in 2022 and well shy of the record £6.5bn of deals struck in 2015, the peak of the market.
However, the second half of the year showed a 61% rise in activity, with £600m of centres changing hands.
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Including:
Mitsubishi Estates and Co-Re appoint Savills to help lease the development’s office space
Decision deferred on former National Institute of Agricultural Botany revamp
Developer has taken 10 storeys off proposals since first filing
Colliers appointed to lease 50,000 sq ft of office space in the Salford Quays development
