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Our Client Landsec challenged us with a brief to develop a new Retail Store Model which would encourage internet retailers to occupy traditional retail space. In this way a Landlord could position vacant retail space with a different offer.

The focus initially will be on Retail Park environments, and existing vacant units at Lakeside Thurrock Retail Park have been used for the pilot project.

The Retail sector is constantly adjusting to find a balance between traditional ‘brick & mortar’ retail and the world of internet retailers. Retail Park environments offer a specific opportunity. They have evolved in recent years to be largely occupied by furniture, white goods and bulk item retailers. This is also a strong market for internet-based retailers such as Made, Load, Swoon etc. so both market entities share potential customers.

The idea is to transform an existing retail unit to potentially accommodate multiple users in a flexible/pop-up environment, with each tenant notionally occupying 500-1000 sq.ft.

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Posted on

October 26, 2020