Commercial Property

Retail parks outpace high street in post-pandemic rebound

Investment and growing consumer confidence has led to a robust retail sector in general, despite a raft of food and beverage closures in the last six months

Gulliver’s Retail Park in Santry, Dublin: bought by Minaun Capital for €29.5 million in the first quarter of this year

The pace of investor interest in retail property is gathering momentum such that the sector is “on course to be the most invested sector in 2024,” according to Colin Richardson of CBRE.

This could be the first year since 2016 that it has achieved that market share. However, not all retail properties are attracting the same level of interest. Retail parks are dominating while some urban centre shops are less so.

Stephen Murray of JLL ...