UK - Shopping centres of over 500,000 sq ft are falling out of favour with retailers, property consultancy Donaldsons reports.
The largest shopping centres saw rent rises of only 1.5% over the past year compared to the average for all shopping centres of 2.7% and 5.7% for high street shops.
The very smallest shopping centres – those below 75,000 sq ft – proved to be the best investments with total returns of 11.5%.
Donaldsons head of retail Bryan Duncan said: “This really does challenge the orthodox view of shopping centres – that big is automatically better.”
Life expectancy in the UK saw no improvement between 2015 and 2017 as the number of people aged over 90 hit a record high, latest Office for National Statistics (ONS) data reveals.
Self-administered pension funds spent £14bn on payments to pensioners in Q2 2018, but only received £11.4bn of contributions (net of refunds), latest Office for National Statistics (ONS) data reveals.
The Pensions and Lifetime Savings Association (PLSA) has named the 17 members of its inaugural policy board after a competitive application process with 60 candidates.