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
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