RIP High streets

Covid was the final nail in the coffin for our high street shops.  For many years leading up to March 2020 the high streets have been struggling from competition form shopping centres and out-of-town retail parks, high business rates, parking restrictions and a lack of investment in towns and cities.  Why shop in the high street when you have a much bigger and better selection at your local retail park or shopping centre where parking is free, where it is safe and where you can keep dry from the rain!  Those who own commercial property, especially high street shops, have been concerned about these factors for many years and the values of their properties have slowly but steadily been declining.  Why then, you may ask, are you buying?  That’s simple – we understand property, we understand retail, we are risk takers, we are investors and we play the long game.  We know many high streets have died, many more are dying and the entire face of high street retailing is changing and before we start to see returns on our investments, we may have to experience losses and a very bumpy road ahead.