After overcoming pandemic-era challenges which broke the back of physical retail, the sector bounced again in 2022, showing exceptional resilience. We’re seeing a serious shift this yr, with soaring sales, tech improvements, international partnerships, and strategic investments which are reshaping the panorama. With almost 60 new purchasing malls, encompassing over 23 million sq. Ft of retail house, set to open by 2025, this growth will proceed in a strong trend.

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Released a new AI software that lets consumers virtually attempt on clothes. Examples of mixed-use developments include apartment towers over centres, and council services like libraries, exhibition areas, childcare centres and gymnasiums being built-in into shopping centres. Francis Loughran founded Future Food, which consults on the development of meals precincts, together with the eating areas in malls. The head of real estate equities analysis at Jefferies, Sholto Maconochie, was carefully watching how the real estate funding trusts — many of which have retail properties in their portfolios — performed during reporting season. Other retail sectors, such as clothes, have been hit hard during last yr’s preliminary lockdowns, however lately staged a recovery. Shopping centres have made news throughout the pandemic, and in this case, all publicity isn’t good publicity.