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.”
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