A Savills report has found that the retail warehousing sector is on track for another positive year, with 510 new openings in the first half of 2023.
If the second half of the year follows this trend, it will mark the third consecutive year in which over 1,000 warehouses have been opened by operators in the retail sector.
Retail firms comprised eight of the top ten spots in Savills’ ranking of new openings by square footage in H1 2023. B&M Retail was top of the list, having opened 470,700ft² worth of warehouses so far this year. Second was Home Bargains, which has opened 19 units totalling 446,500ft², followed by Lidl with 22 new openings totalling 425,300ft².
Real Estate Credit Investments Limited (LON:RECI) is a closed-end investment company that specialises in European real estate credit markets. Their primary objective is to provide attractive and stable returns to their shareholders, mainly in the form of quarterly dividends, by exposing them to a diversified portfolio of real estate credit investments.
