Retail planning and institutional property investment

Abstract

Jackson C. (2006) Retail planning and institutional property investment, Regional Studies 40, 555-561. Investment in town centre retail property markets is dominated by institutions. Thus, sustaining and enhancing the vitality and viability of town centres, which is a key role of local planning authorities, is crucial to maintain the attractiveness of the area to investors. Investor movements into and out of markets can have a significant impact on the market and wider local and regional economic success. Informed by a series of in-depth interviews with key regional planning officials, the paper unravels retail planning policy to present key areas of policy that, in the current restrictive planning environment, are becoming crucial to enhancing market competitiveness. Further, the paper argues that, using the perspective of the institutional investor, access to measures of comparative policy stance and implementation across authorities would enhance knowledge of market functioning and performance, advancing the robustness of investment strategies. Jackson C. (2006) La planification du commerce de detail et l'investissement institutionnel immobilier, Regional Studies 40, 555-561. L'investissement sur les marches de l'immobilier detaille situe en centre-ville se voit dominer par les investisseurs institutionnels. Maintenir et augmenter la vitalite et la viabilite des centres-villes, un role cle des commissions d'urbanisme, s'avere essentiel afin d'assurer l'attrait du milieu pour les investisseurs. L'augmentation et la diminution des investissements pourraient avoir des effets non-negligeables sur la resussite des marches et de la performance economique sur le plan local et au niveau regional. A partir d'une serie d'interviews en profondeur aupres d'importants urbanistes, cet article cherche a denouer la politique en faveur du commerce de detail afin d'en presenter des aspects cles qui, dans les limites restrictives actuelles de l'urbanisme, sont essentiels a l'augmentation de la competitivite du marche. En outre, du point de vue de l'investisseur institutionnel, cet article affirme que l'acces aux mesures de la politique comparative adoptee et la mise en oeuvre a travers des administrations augmenteraient la connaissance de la fonction et de la performance du marche, pronant la fiabilite des strategies d'investissement. Investissement regional, Planification du commerce de detail, Performance du marche de l'immobilier Jackson C. (2006) Einzelhandelplanung und institutionelle Immobilieninvestierungen, Regional Studies 40, 555-561. Bei Investierungen im Einzelhandeli mmobilienmarkt im Stadtkern dominieren Institutionen. Es ist deswegen wichtig fur ortliche Planungsbehorden, deren Hauptrolle die Erhaltung und Erhohung der Vitalitat und Existenzfahigkeit des Stadtkerns ist, die Attraktivitat des Gebietes fur Investoren zu gewahrleisten. Bewegungen in oder aus den Markten seitens der Investoren konnen eine signifikante Auswirkung auf den Markt, und weiteren ortlichen wie regionalen Wirtschaftserfolg zur Folge haben. Da...

Death of the high street: identification, prevention, reinvention

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“…It may be that some of these schemes have been responsible for averting the decline of retail areas (Grail, 2001;ODPM, 2003ODPM, , 2004 and Jackson andWatkins (2005, 2007) found that, in part, they positively affected investors' market perceptions and, therefore, investor demand. The response, attitude and actions of a local planning authority are also seen as key to the viability of a retail location (Jackson & Watkins, 2011).…”

Spatial Pattern and Order in Sunbelt Retailing: Shopping in Phoenix in the Twenty-First Century

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Explaining Spatial Variation in Housing Construction Activity in Turkey

“…Adams and Watkins (2014) argue that these models tend to under-elaborate the multi-dimensional and complex nature of policy interventions and of state influence on markets. There are three important problems: (i) they under-state the importance of policy in creating a setting for investment and thus fail to allow for the impact on the demand-side of the market (Begg, 2002;Jackson, 2006;Jackson & Watkins, 2011); (ii) they tend to overlook the complex and often conflicting inter-play between different policy initiatives (Wong & Watkins, 2009); and (iii) they fail to take account of the importance of institutional design in mediating and mitigating the intended impacts of policy interventions (Adams & Tiesdell, 2010). Adams and Watkins (2014) go on to argue that a more pluralist research approach is required if we are to fully understand the relationship between the state (policy instruments and strategies) and market outcomes, including the level of development activity.…”