Article Abstract:
Prime site retail properties in the West End of London, England, can achieve rents of over 2,000 pounds sterling per square meter per annum. The highest prices are in Knightsbridge, where 4,500 pounds sterling per square meter per annum can be achieved, with Oxford Street West obtaining the next highest figures. Retail rents on prime property in other London regions are between 400 and 700 pounds sterling per square meter per annum, whilst prime retail rents in towns in the periphery region around the M25 motorway are significantly higher.
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Article Abstract:
There is a growing trend in the UK for the leisure industry to occupy empty retail warehouses, as well as purpose-built, out-of-town premises. Many landlords with empty retail warehouse properties which have failed in retail terms seek alternative occupiers, one of which is the leisure operator. Bingo operators are in the vanguard of the new market and spend an average of 2 million pounds sterling revamping each building.
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Article Abstract:
The Two Rivers retail park in Staines, England, is one of the most significant leisure and retail property schemes in the South West part of the M25. The markets in Kingston, England, and Richmond, England, are very tight, but improvements are planned in Leatherhead, England.
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