×
181
Fashion Jobs
GIOVANNI RASPINI
UK Sales Manager
Permanent · LONDON
PAUL SMITH
Junior Art Director - Japan
Permanent · TOKYO
STEPHANIE JACKSON RECRUITMENT.
Supervisor - Watches / Diamonds
Permanent · LONDON
THE POP GROUP
Account Manager
Permanent · LONDON
SANDRO UK
Sales Assistant - 16 Hours - Brighton Store m/f
Permanent · KANSAS CITY
VIVIENNE WESTWOOD LTD
Store Manager
Fixed-term · YORK
PAUL SMITH
Wholesale Ecommerce Support Intern
Internship · LONDON
PAUL SMITH
Deputy Manager - Mayfair
Permanent · LONDON
SANDRO UK
Assistant Store Manager m/f
Permanent · LONDON
GUESS UK
Assistant Manager - Icon o2
Permanent · LONDON
LEVI'S
Retail Assistant - 8 Hours
Permanent · Gloucester
SANDRO UK
Store Manager - Harrods Menswear m/f
Permanent · LONDON
CAGECITY LONDON
Fashion Marketing Intern - Tiktok/Instagram
Internship · LONDON
GRAND DUCHY INC
Ecommerce And Marketing Intern - Skin & Haircare
Internship · LONDON
GRAND DUCHY INC
Graphic Design Intern
Internship · LONDON
GRAND DUCHY INC
Digital Marketing And Social Media Intern
Internship · LONDON
GRAND DUCHY INC
Copywriter Intern
Internship · LONDON
NEW BALANCE
Retail Associate (20 Hours) - Livingston
Permanent · Livingston
VOIR FASHION
Fashion Journalism - Remote Writing Internship
Internship · LONDON
VOIR FASHION
Fashion Journalism - Remote Writing Internship
Internship · LONDON
THE KOOPLES
Full - Time Sales Assistant - Birmingham
Permanent · BIRMINGHAM
SUZIE TURNER
Executive Assistant And Global Client Manager Internship
Internship · LONDON
Published
Oct 9, 2020
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

British Land collects half of rents, says retail parks are strong

Published
Oct 9, 2020

Retail landlord British Land said Friday that all of its retail assets and 86% of stores are now open and retailer sales are at 90% of this time last year. 


Meadowhall



But the Meadowhall and Drake Circus malls owner said the prestige malls aren’t what’s driving those figures. In fact, its open-air out-of-town retail parks are driving its outperformance. Some 48% of its retail assets are in out-of-town retail parks.

Rent-wise, it has collected only 57% of the total for the June quarter, but it has already achieved 50% of retail rents for the September quarter.

Last month, the company saw footfall across its retail properties of 84% of the September 2019 figure, “which represents a continuation of the consistent improvement in footfall we have seen since the reopening of non-essential retail in June”. That puts it 21% ahead of the wider national retail footfall figures based on the ShopperTrak UK National Footfall Index.

But we can see how much stronger retail parks are as it added that September footfall to its retail parks was 89% of the same period last year and like-for-like sales for stores that were open were 93%. 

It saw strong performances from the Giltbrook park in Nottingham, Mayflower in Basildon and Nugent in Orpington. Stores at those parks include Next, M&S, Clarks, Superdrug, Decathlon, Boots, and TK Maxx.

British Land added that occupancy across its retail portfolio remains high at 95% as of 30 September.

Copyright © 2021 FashionNetwork.com All rights reserved.