Real estate. When retail owners shift to housing

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14 January 2020 à 15h04

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2 minutes

Publication: 14 January 2020 à 15h04

Reading time: 2 minutes

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Publication

14 January 2020 à 15h04

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Publication: 14 January 2020 à 15h04

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If many declining retail assets are not easy to transform into residential or offices – as restructuring costs can be high – more and more players such as Intu and Unibail-Rodamco-Westfield have taken this strategic shift. They have been carrying out extension programs, using sq.m initially reserved for “retail” to develop housing projects. Housing is increasingly part of future projects. In the U.K. for instance, Intu is building 1,000 rental units on underused parking lots at the Lakeside sho

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