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UK commercial property: Diversified high streets 'the way forward'



Commercial property observers might agree that it is important to have a mixture of development schemes in order to maintain the character and vibrancy of a high street.

Nick Diment, head of retail planning at CB Richard Ellis (CBRE), discussed the current make-up of the country's real estate market and said that every location is different in terms of which policies are successful.

He commented on the organisation's observations on London alongside industry consultants and described how property should play to the strengths of each area.

"It became very apparent that one size doesn't fit all," he said.

Mr Diment added that although some developments contribute towards the atmosphere of a neighbourhood, "just because [it works in] one place doesn't automatically mean it will work somewhere else".

Recently, those with an interest in commercial property might have noted that European retail real estate turnover equated to £12.85 billion during the first months of 2010, according to CBRE.

Posted by Isobel Whitely
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