Praxis is building a shopping centre portfolio at a time when most investors are giving the sector a wide berth. Managing director Gary Roberts tells Richard Williams why
Receivers have already been drafted in on one scheme, The Nicholsons Centre in Maidenhead, and if you believe the estimates of asset manager APAM some 200 more centres could follow.
Investor appetite for shopping centres is, inevitably, almost non-existent. Yet just as everyone else is looking to get out of Dodge, Praxis is looking to get in. In an exclusive interview with Property Week, managing director Gary Roberts explains why he thinks there is still life in the secondary shopping centre market.
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