Saturday June 6, 2020

The struggle for buy-in: retail developments may need a re-think as Covid-19 shoppers move online

Thousands of square metres of developments big and small – in planning stages and in progress – are being reassessed in a suddenly radically different marketplace

10th May, 2020
7
The Clerys revamp will include a hotel, offices and food and beverage units

Property developers were progressing their plans for new retail developments in Dublin even as Covid-19 began to loom over Europe and despite signs that investors were losing some of their former strong enthusiasm for the sector. Now with concerns about vacancies, trends and emigration of consumers to online retail, developers may have to rethink their plans.

Recent plans have devoted large portions of space to food and beverage (F&B) and leisure outlets, as they were...

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