Thursday, March 22, 2012

Will the internet kill the development?

Take a look at this report in the Guardian of 21.03.2012 in which Deloitte suggests that the growth of internet shopping will mean that retailers will reduce their property portfolios 30% - 40% over the next five years.

http://www.guardian.co.uk/business/2012/mar/20/high-street-shops-close-deloitte

The report suggests that "The high street will become full of coffee shops, building societies, kiosks and hubs to pick up stuff". Now this could mean that actually the new high street will look rather like Pontyclun now! RCT take note!

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