Why retail parks have become hot property for UK retailers

Why retail parks have become hot property for UK retailers

Last week, it was reported that retailers were facing a growing shortage of retail park space, with discounters, fashion chains, gyms and convenience-led operators all competing for out-of-town sites. Vacancy rates across the industry have dropped close to record lows, as landlords caution there is limited space left, particularly for bigger stores. While retail parks were previously largely dominated by DIY, furniture and bulky goods retailers,…