Commercial Finance Specialists

More convenience stores, clothing outlets and catering units are expanding their retail presence, according to a new report.

The number of retailers taking out commercial mortgages to expand their presences in the UK continues to grow in spite of the tough financial climate, according to one property consultant.

A new study by CB Richard Ellis (CBRE) has found that the number of convenience stores, clothing outlets and catering units in national chain networks increased by two per cent, three per cent and nine per cent respectively over the last three years.

However, other sectors such as service shops, motor-related networks, off-licence traders and bulky goods outlets have all seen a decline during this period, offsetting the growth in branch numbers.

"Reduced supply of new space through new development is already impacting on retailers' expansion strategies with an increased focus on opportunities in established centres leading to increased demand in those locations," said Mike Disney, head of shopping centre development and leasing at CBRE.

The firm recently called for government action to bolster sentiment and loosen credit conditions to improve the UK's property investment landscape.