Market segments
Market segments
Retail warehousing can be split into four categories:
Fashion parks: these properties have open A1 planning (this consent allows any sort of retailing), are occupied predominately by typical high street fashion retailers and are a dominant retail destination.
Prime retail parks: these properties have open A1 or bulky goods planning (or a mixture of the two). Bulky goods consent generally allows the sale of goods that cannot easily be carried away by the customer with occupiers typically including DIY chains such as B&Q and Homebase, furniture and carpet retailers and electrical outlet stores.
Retail parks with open A1 planning often have a mixture of bulky goods and open A1 retailers, with the latter including operators who only tend to trade out of town. The properties are also well located and are dominant within their catchment area or capable of dominance.
Secondary retail parks: these properties in most cases have a bulky goods consent, have vacant space and are dominated by competing schemes.
Solus units: These properties are single let properties and tend to have a bulky goods consent.
The Junction specialises in prime mixed use retail parks. Our portfolio is currently split broadly 50/50 between properties with Open A1 and bulky goods use.
