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1©2016 METIS REAL ESTATE. All rights reserved. Confidential.
Future-proofing RetailThursday 8th September 2016
Dan Davies and Stephen TregenzaMetis Real Estate Advisors Ltd
©2016 METIS REAL ESTATE. All rights reserved. Confidential.
Retail has come a long way in the last 15 - 20 years…
Remember….
©2016 METIS REAL ESTATE. All rights reserved. Confidential.
The challenges facing city centre retail
Out of Town Retail Parks and Shopping Centres- Accessible- Free parking
Supermarkets- Now offer a much wider range of products
The Internet…
©2016 METIS REAL ESTATE. All rights reserved. Confidential.
How do we future-proof our high streets?Pro-active Asset Management initiatives
17 brands committed to Liverpool One in the last 12 months
69% of new additions in the last year are new to Liverpool, and 28% are
new to the region
Pop - ups converting to Long Term Leases.
©2016 METIS REAL ESTATE. All rights reserved. Confidential.
How do we future-proof our high streets?Pro-active Asset Management initiatives
• Footfall and sales are already up 2.5% and 6.5% in 2016 compared to last year.
• Liverpool ONE is committed to investing in consumer engagement to ensure brands thrive.
• Resulting in 98% of visitors likely or very likely to return.
©2016 METIS REAL ESTATE. All rights reserved. Confidential.
How do we future-proof our high streets?
Continue to offer the latest brands
Provide optimum space for the best retailers
Flexible leasing. i.e. pop-ups
Make room for independents
Connectivity and easy access. E.g. Manchester’s new Second City Crossing
Parking discounts…
©2016 METIS REAL ESTATE. All rights reserved. Confidential.
How do we future-proof our high streets?
Integrate People Attractors
‘Consumers who use catering spend approximately 48% more on retail goods than those who don’t’*
* Source: CACI
©2016 METIS REAL ESTATE. All rights reserved. Confidential.
How do we future-proof our high streets?
Provide an Experience
The ‘stay longer, spend longer’ trend is shaping the market.
‘Dwell times are 81% greater than those who spend on retail and don’t use catering’.*
* Source: CACI