Value retailers drive record number of store openings in UK retail parks

According to research from international real estate advisor Savills, 2019 marked a record year for new store openings in the out of town retail market with operators taking advantage of falling rents and increased supply through insolvency activity. The firm also notes that, as we move into unprecedented and challenging times as a result of  Covid-19, retail parks are likely to show some degree of resilience, owing to the fact that many supermarkets and other operators on the ‘essential retailers’ list are based on out of town schemes.