A significant amount of UK secondary and tertiary retail space appears surplus to requirements, according to new Real Capital Analytics (RCA) research, spurring landlords such as Intu and Landsec to consider building residential units around existing shopping centres, and piling on pressure for space to be converted to other uses.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
