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London’s lessons for the future of retail

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The London retail property market was arguably the hardest hit in the UK and Ireland by the pandemic. It was deprived of millions of tourists and office workers whose spending power drives revenues across the capital’s shopping pitches.

However, restructuring of the market – and primarily the rebasing of rents – has prompted interest from a new tranche of occupiers in both the retail and food and beverage (F&B) sectors. This is bringing an infusion of new brands and concepts into London and is one of the few silver linings of what has been an exceptionally difficult 18 months. London remains one of the world’s greatest shopping cities and we believe it will bounce back quicker because of this. In our ‘CRE - Our industry today, tomorrow & beyond’ report I assess the UK capital’s prospects, and what these mean for the sector as a whole.

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Paul Souber

Co- Head UK & EMEA Retail

London - West End

Paul Souber is a highly experienced London retail property expert, and has a particular specialism in the luxury sector.

He advises major London landlords – including The Crown Estate, Grosvenor, The Church Commissioners and Shaftesbury Plc – on how their retail holdings in the capital can be enhanced through leasing and placemaking.

His consultancy also involves advising various leading brands on their property strategy and sourcing the stores which best serve their strategic needs.

During a career in which he has advised on the leasing of more than 1.5m sq. ft. of shopping space, Paul has worked with clients including Yves St Laurent, Roksanda Ilincic, Gina Shoes, Balenciaga, Oliver Bonas, Boux Avenue, Sweaty Betty and Headmasters.

He is Head of London Retail Agency and Co Head of the EMEA Retail Team at Colliers International

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