A retail review (Property opinion piece April 2015)

By Simon Moscow, Head of UK Retail Asset Management, Property, Aberdeen

Aberdeen Asset Management recently attended the fourth Completely Retail & Leisure Marketplace event held at Old Billingsgate Market, London. Completely Retail is a unique, leasing-focused event for occupiers, landlords and agents.

Old Billingsgate Market provides a fun, open and fair environment to make retail deals. There are no elaborate exhibition stands at the event; instead, there’s a segregated space with 80 branded meeting areas.

As one of the largest owners of UK retail property*, the Aberdeen team met with a range of occupiers and agents to discuss a number of potential leasing opportunities with retailers such as Next and TK Maxx. There was a sense of optimism among retailers, with positive growth stories coming from “the discounters” (such as Aldi, Lidl, B&M, Home Bargains and Poundland), furniture and homeware retailers, restaurants and hotel occupiers.

*Source: Morningstar Direct, as at 18 May 2015

Click here to read other opinion pieces from the team at Aberdeen for an insight into their thoughts on the market, events and changes affecting the fund.