Posted by: Jason Boyce21 September 2011
I arrived up from London on Monday afternoon, registered for the main conference and prepared my material in readiness for the busy day I had on Tuesday.
As I had nine meetings scheduled for the following day, I decided to have a rather demure evening with a firm of lawyers that works on behalf of some of our Shopping Centre Fund portfolio.
In order to start the day in the right way I had an hour work out at the gym at my hotel and bumped into Stuart Moncur of Cushman & Wakefield who was going gold on the treadmill! With endorphins engaged I was ready to start the day!
After breakfast with a former joint venture partner, I had four successful meetings. Happy with the progress made, I headed over to view my colleague Andrew Rich chair a seminar on “where to find investment performance”. The conclusion was that prime shopping centres remain a solid investment for income but if you have the appetite then opportunities in secondary could drive out performance in a few years.
After a lunch with the BCSC New Generation committee members I went back to the conference to conclude my meetings.
The sentiment I left with was that there are a number of acquisitive retailers willing to lease space at the right schemes, albeit there is still a big conversation to be had on rental level and the overall packages being offered.
It was encouraging to speak to a number of emerging retailers who are seeking to expand in a rather difficult market: A welcome positive in a world currently filled with far too much doom and gloom!