Get entry to essential strategic content material, in-depth stories, business intelligence, and exclusive data. In the last 15 years, Mr Loughran has witnessed a shift from a “product-based delivery” mannequin to centres incorporating external eating spaces, food halls and leisure precincts. “‘Mixed-use growth’ just says that purchasing is just part of the total experience,” he stated. Despite threats of retailer closures from some major retail groups final yr, Mr Maconochie mentioned occupancy remained at around ninety eight per cent across most centres, one thing that was “exceptional in comparison with international malls”. Discretionary retailers have been affected by lockdowns and restrictions over the past 12 months.
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