Town Centre Retail Projects Stalled

According to today's e Planning newsletter:

Extract:

'More than two thirds of town centre and edge of centre retail developments in Scotland are currently stalled, according to a report published today.'

'The report from consultancy GVA says that 68 per cent of projects have stalled, with local authorities blaming a variety of factors including lack of development finance, lack of developer interest and weak occupier demand.

The report also asked local authorities in Scotland how they were responding to the lack of retail development and found that 76 per cent intended to prepare town centre strategies in the next 12 months and that 56 per cent intended to allow greater flexibility of use types within their town centres.'

A copy of the report will be available here shortly.

Full item here