Abstract:

The high price of real estate today and the profit potential that lies in developing well-conceived retail developments, has encouraged many far-sighted and dynamic retailers to enter the field of real estate development. From the major tenant's point of view, such an undertaking can be financially interesting, since generally the relationship between the return and investment is the most advantageous at the time the major tenant lease is signed. Much of the preliminary development work is within the competence of an experienced retail organisation and the trend towards retailer-developers is likely to become more marked in future years.