Savills takes number one spot
Published: 09 November, 2016
Merger makes Savills top shopping centre managing agent
Trevor Wood Associates’ annual analysis of the shopping centre market has confirmed Savills as the biggest managing agent, overtaking JLL in the wake of its merger with GBR Phoenix Beard. Lambert Smith Hampton, Montagu Evans and Broadgate Estates are other risers in the top ten.
The annual Going Shopping survey ranks all 744 shopping centres and outlet malls in the UK with a weighting that reflects size, tenant mix, footfall and facilities. Westfield Stratford City, Bluewater and Westfield London remain the UK’s top three rated centres, while Manchester Arndale rises to number eight and St David’s in Cardiff rises to number nine with intu Merry Hill falls to number ten, reflecting the closure of BHS. “Most sites where BHS have lost points while the market adjusts,” said Trevor Wood.
The Broadway development in Bradford is the highest new entry in the league tables, going straight into the top 100. And the Oracle in Reading and Cwmbran Shopping in South Wales have joined the Trevor Wood Associates ‘premier league’ of centres which now numbers 31 malls.
Intu becomes the leading owner/investment manager of shopping centres, overtaking LaSalle Investment Management, although Wood pointed out that the table was compiled before the sale of intu Bromley. NewRiver Retail moves up to third place ahead of Columbia Threadneedle, with Ellandi moving up to fifth.
And the five fastest-growing retailers are listed as Smiggle, Poundland, Pandora, The Works and Warren James.