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Digital Subscriptions > > Report promotes new model to revitalise Britain’s high streets

Report promotes new model to revitalise Britain’s high streets

UNITED KINGDOM

The Town Centre Investment Zones report, which was launched by a group of property industry experts, demonstrates that asset management of the high street could unlock much-needed investment for British local authorities and communities to transform their areas. Having identified that fragmented ownership and poor asset management are overriding factors in the high street’s inability to adapt to change, the group used three town centres as pilot studies to show that by taking a more structured approach to a high street’s offering, investment can be attracted and bring about fundamental change. The report suggests that Town Centre Investment Management (TCIM), which involves the pooling of a critical mass of property assets into an investment vehicle, will allow the assets to be managed and curated, rejuvenating the high street.

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