Allan Lockhart, chief executive of NewRiver REIT, the local neighbourhood shopping centre-focused investor, says the UK's retail markets are in their best shape for four to five years and opportunity abounds for real estate investors.
Lockhart, who cofounded the company in 2009 and took over as CEO in 2018, said at the Mipim conference in Cannes that the market was improving on the back of consumer resilience, despite the high inflation, high interest rate environment, and on retailers doing better after a spate of restructurings.
He also laid out his wishlist from government as a General Election looms in the UK.
Check out the video above to hear more of Lockhart's thoughts about prospects for the retail real estate market across the UK.