Edited by Rebecca Hubbard
email: rebecca.hubbard@onecoms.co.uk
 
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Fri, May 18, 2012 4:19 PM
Figures show increase in out of town retail
Figures show increase in out of town retail | fmcg,out of town retail, Association of Convenience Stores,fmcg industry research,

Recent figures show that more than 80% of planned supermarket building will be out of town. The Association of Convenience Stores (ACS) predict this will have a damaging effect on town centres. 

ACS Chief Executive James Lowman said: “Ministers are on track to bring in a new planning policy that recognises the importance of promoting retail investment in town centres.  These recent figures on retail developments show how urgent and vital these reforms are.” 

The figures released by respected commercial real estate adviser CB Richard Ellis, show that the amount of new supermarket floor space in all stages of the development pipeline has increased to 35.8 million sq ft, whereas the amount of new development planned for town centres is only 8.6 million sq ft.  

Figures also show that the amount of supermarket floor space ‘under construction’ out of town is more than three times larger than the amount being built in towns. Supermarkets now account for 36% of all new retail development, they are the only retail sector in growth. ACS has set out its concerns in a letter to Planning Minister Greg Clark MP. Ministers are working to publish the finalised National Planning Policy Framework by March of 2012. 

James Lowman continued: “Supermarkets are engaged in an aggressive wave of expansion through developing new retail sites. Where they choose to locate new stores is vital to the future of our high streets and neighbourhoods. Current policy is failing to prevent their exodus out of town and only a robust national policy and proactive enforcement will reverse the trend.”


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