So, is this the vision of future shopping habits?

Andrew McGregor

So, is this the vision of future shopping habits? What might have been a 5/10 year vision 12 months ago, COVID 19 has accelerated the move to a more “omni-channel” experience. The Issa Brothers and TDR’s acquisition of ASDA came with this idea – no longer a behemoth store with a vast car park, but a hive of activity including “click and collect” drive through channels; fleets of vans on electric charge ready to deliver to the local community and complementary brands within the store, perhaps offering “high street” services (laundry, hairdressing, café etc).

The shift to online business is now the “genie out of the bottle”. Internet food sales now account for >13% of the total cake, and OCADO, the pure online grocery retailer, now has a market cap higher than Tesco. Despite this, the big 4 have an enormous physical store presence which they can better use to fulfil the customer needs. Supermarket Income REIT and their investors certainly think so, being close to raising c£200m of fresh equity, and London Metric, who we helped acquire 5 Waitrose food stores for £63 million during the summer.

Which came first the shopper or the shop?

Tracey Pollard

Whilst our neighbourhood and national sites seem to be buzzing and operator demand growing, our central London streets remain quiet. Without office workers and tourists, parts of Central London remain half open. This creates the latest decision facing operators; to open or not ? As they ask themselves is there enough footfall…

The Rise of Community Spirit and how Independent Retailers have reacted…

Lucy Cope

“A renewed sense of community is welcomed news for independent businesses, with a growing desire to support local stores in life after lockdown.” (Source: Food Manufacture Online) The world as we know it has come to a halt and each and every one of us has been forced to adapt…

London’s new generation venues – more than just a music space?

by Dominic Tixerant

London’s night-time economy is estimated to bring up to £26billion into the UK economy this year – but it is undergoing drastic changes. Music venues and nightclubs, often the heart of communities and catalysts for culture and creativity, are facing unprecedented challenges, driven by urban redevelopment and the associated planning…

GDVs and the hidden values of placemaking with nightlife

Why developers should be smart in their quest for returns

Looking at traditional methods of development appraisal, the viability of a scheme is determined by financial models that evaluate schemes based on quantifiable information. With the drive in brownfield regeneration, cities are seeing unprecedented change with profits for residential developers are soaring.

Many developers would acknowledge that the relationship between nightlife and residential property is not necessarily a straightforward one. However, forward thinking developers are beginning to see the non-tangible benefits of night-time venues and live music spaces. These venues can add community value and create a positive image for developments.

Residential development is no longer just a case of building flats and achieving certain values. To make places worth living in developers must carefully consider the amenities that go into place-making and one of these is night-time venues. Delivering this cultural provision is easier said than done, and developers must be proactive rather than reactive to ensure all buildings are fit for purpose. They must consider physical and planning issues early in the development process to enable residential areas to co-exist with night-time venues.

But what about the noise? Modern sound proofing technologies can be implemented if buildings are earmarked for music venues and placement of buildings should be considered so that night-time venues are shielded by office space and public realm to nullify the impacts of excessive noise. Planning also offers possible solutions. Made famous by its ground breaking use by the Ministry of Sound, developers must consider using the Deed of Easement of Noise when developing residential housing near existing music venues. These deeds mean that developers must ensure future residents are aware of the nightclub, helping to prohibit complaints as long as venues are operating within their license conditions.

Of course, these issues are just the top layer of an complex issue, but I am confident if the various parties begin to adapt, we can all reap the benefits of nightlife establishments and provide a model that offers long term sustainability to the institutions that keep cities like London incredibly exciting and diverse.