The True Value of Shopping Centres
In 2013 Hammerson commissioned research to quantify the long-term socio-economic impacts of its shopping centres. This major research project provided valuable insight into the social and economic value generated within a local area by a well managed shopping centre.
This research examined the social return on investment specifically in retail assets in local communities. Drawing on data from our UK wide shopping centre portfolio and including detailed case studies of both Bullring in Birmingham and West Quay in Southampton, the research reveals the significant positive impacts shopping centres can have. This includes employment and related benefits such as improvements in health and wellbeing and local skills and prosperity but also captures heightened civic pride and quality of life through improvements to public realm.