That’s it. It’s over. It might be the St James Quarter in Edinburgh. Or it could be the renovated turbine halls at the redevelopment of Battersea Power Station in London. Either way, depending on your definition, one of these may well be the last new shopping centre we’ll ever build in Britain. The era of shopping centre development in Britain, which dawned with the 1964 opening of the Bull Ring Centre in Birmingham, lasted just shy of 60 years. Data from Colliers shows that, after St James Quarter, which opened in June this year, and Battersea’s circa 500K SF shopping mall (not a pure shopping centre as it's part of a wider mixed-use scheme), due to open next year, there are no new shopping centre developments planned in the UK. Nada.
The centrepiece of Colliers’ Midsummer Retail report used to be the stats on the UK’s shopping centre development pipeline, but the firm told Bisnow it has stopped collating this data because there are no new projects planned. Major schemes that were in the works have seen the amount of retail whittled… Read the full story here. |