Property investment firms need to realise that a "one size fits all" approach will not work, according to CB Richard Ellis head of retail planning Nick Diment.
Strategies that may have worked in one town may not work in another, as the quality or type of
commercial development may not be suitable for local or specialist retailers, he claims.
He said: "You can't really plan by just tick box; you do have to obviously look and understand what drives a certain location.
"All of these will be issues that developers, operators and investors will be looking at."
Mr Diment was commenting in the wake of a new report by the Local Data Company, which has found that of the 807 commercial development sites occupied by Woolworths, two-fifths remain empty after the company's collapse in January 2009.
Posted by Tess Nelson.
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