Councils make one in five shopping centre transactions

Local authorities have invested more than £770m in shopping centres since 2016, accounting for one in five acquisitions, new research shows. According to Lambert Smith Hampton’s Fixing our Broken Town Centres report, which surveyed 200 regeneration professionals across the private and public sectors, councils accounted for 12% of all shopping centre investment by value since 2016, which peaked at 16.7% in 2018. UK institutions completed net sales of £1.84bn over the same period, and UK REITs were net sellers of £309m of assets. According to those surveyed, 69% said public-private joint ventures were the preferred method of advancing town centre