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"Shopping Centre developers prune project plans" (it's not about prunes)

Link to web site

" A lot of schemes in the pipeline that were planned to be very large are now coming down in size, ... Risk-averse developers are casting a wary eye to looming UK economic headwinds, in the form of stunted growth, a bleak retail environment, and weak consumer confidence.

"Many are revising down their mall development budgets and plans, as well as reworking tenant mixes, to add more restaurants, and replacing highly incentivised anchor tenants with clusters of smaller tenants, that may provide a better rental income."

"Developers who have retained their original project plans have taken steps to hedge against the weak retail environment, by seeking adequate prelets before restarting construction."

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