000			01383cab a2200193 4500
001			ABS44656
008			090401t1991 xxu||||| |||| 00| 0 eng d
035			_a(Sirsi) u48266
041			_aeng
100			_aMorgan, P.
245			_aProspects for future development
260			_c1991
350			_a0
490			_aShopping Centre Horizons _v(22) Spring 1991, 18-20(3)
520			_aFollowing an acknowledgement of the present stasis in the market for shopping centres , and reasons such as paucity of tenants, low yields, high costs, and lack of institutional interest are given, the article examines the three principle factors governing financial viability. These are rent increases , and reductions in land prices and building costs . Rents are under market pressure to decline but could be maximised by reductions in service charges or by the introduction of turnover rents . Land price falls offer hope, but the dangers of competition from other sectors are pointed out. The author, having arrived at a consideration of reducing building costs, suggests that this is the area where greatest savings may be made. The future, he argues, lies with building single-storey, uncovered centres with extensive carparks, of which type Fosse Park , Leicester and One Stop , Birmingham are examples.
690			_aPROPERTY-PROPERTY DEVELOPMENT
942			_n0
948			_c04/03/1997
999			_c30320 _d30320