Posted by David Paxton, Partner
Retail Reboot – The repurposing of retail units
The first in a series of roundtable webinars as part of our Retail Reboot campaign.
Retail has arguably been one of the most impacted sectors as a result of the measures taken in response to the global pandemic. Covid-19 has meant that retailers and other stakeholders have had to consider how they can sustainably repurpose large empty units that encourage footfall and create a local buzz within their communities.
The purported death of our high street has been well publicised and predicted for some time. Commentators, including Mary Portas and author Mark Pilkington, have been incredibly passionate and vocal about what needs to be done. However, while the sector has been looking for solutions, it has been reluctant to repurpose the vacant space with something more innovative and sustainable. In the meantime, shop fronts have stood empty while we have collectively held our breath and hoped for the best.
Repurposing sits at the very core of how we reinvent our high streets to create the places we need in a new, post-pandemic era. The era of siloed retail spaces is over. We must adapt them to encompass not only retail but leisure, healthcare, wellbeing, residential and flexible workspaces.
Has the pandemic finally presented us with an incentive to make repurposing work?
The series continues with The Renaissance of the High Street on the 14 December and The Reinvention of Retail Parks on the 19 January.
When and Where
Wednesday 24 November
11:00 – 12.00pm
11.00am – Welcome and introduction
11.05am – Scene setting
11.15am – Panel discussion
11.35am – Question and answer
11.55am – Closing comments
12.00pm – Finish
Register via Zoom to attend:
David Paxton, Real Estate Partner & Head of Repurposing, Royds Withy King, advises a wide range of developers and investors and has a particular focus on mixed use-residential (including build to rent), infrastructure, hotels and leisure, retirement living and student accommodation. He also advises investors, propcos and corporate occupiers on real estate acquisition, financing, joint ventures, asset optimisation, lettings and sales.
Ed Ellerington, MD & Co-Founder, Packaged Living, bespoke, Build to Rent developer and operator. The business works across the residential property lifecycle; acquiring unconsented land, designing and gaining planning, building out and managing homes within the Private Rented sector. Prior to setting up Packaged Living, Ed led Grainger Plc’s acquisitions team, investing over £500m in schemes across the UK including Clippers Quay in Salford, Finzels Reach in Bristol and the former Yorkshire Evening Post site in Leeds.
Matthew Hopkinson, Co-founder, Didobi and Income Analytics, specialist independent advisers to the real estate industry who deliver data and strategy solutions for investors, retailers and the public sector. Until recently Matthew was a director at The Local Data Company where he established it as the UK’s leading data and insights company in the retail property sector.
Matt Soffair, Research Manager, Retail & Leisure, Legal & General Investment Management, responsible for LGIM’s research into UK retail and leisure real assets. Matt joined LGIM in August 2018 from the retail and property consultancy, CACI, where he held the title of Managing Consultant and was head of their leisure consultancy. At CACI, Matt worked with over 45 retail and leisure operators over seven years to inform their property, merchandising and consumer engagement strategies.
Joanna Turner, Head of Property Research, Canada Life Asset Management, has over twenty years’ experience in commercial property Research and Strategy gained within major international fund managers and property companies. She holds an MSc in Real Estate Investment and is a member of the Investment Property Forum and the Society of Property Researchers. Joanna is also a regular contributor to key real estate journals such as ‘EuroProperty’, ‘AsiaProperty’ and ‘IP Real Estate’.
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