Crowe expert voices
Key findings shared
85
%
seeking to improve the quality of assets within an existing class
82
%
enhancing assets via renovation and upgrade
45
%
seeking sustainability improvements
65
%
transforming portfolios due to operating costs and taxation
31
%
divesting away from Retail
77
%
say planning and regulation biggest barrier to repurposing
85
%
want planning restrictions reduced
Malcolm Kerr
Managing Director, Horwath HTL
Hospitality, Tourism and Leisure
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"While the overall picture is rosy for hospitality, tourism and leisure, the sector is not immune to the broader challenges explored in this report, so it is imperative that these factors do not hold back the hospitality and leisure market’s buoyancy."
Caroline Fleet Head of Real Estate & Construction, Crowe
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Real Estate
"Different asset classes face different challenges and outlooks, as we outline. But some truths are universally acknowledged and regulatory red tape hampering the ability of asset owners to execute strategic plans in timely fashion is a persistent complaint."
Jeremy Cooper
Head of Retail, Crowe
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Retail
"The uncertainty facing the retail sector is news to nobody, at this stage, and we must be frank in acknowledging that there is more pain to come. As with any economic cycle, there will be those that are unable to pull through, as retail spend remains constricted."
To get a sense of how important space utilisation trends are playing out on the ground and, most importantly, what the future frontier in space exploration looks like, we spoke in-depth with a range of knowledgeable voices. We saw clear patterns emerge, as overall confidence in real estate assets continues to strengthen following a period of uncertainty.
Retail
Hospitality, Tourism and Leisure
"Having proved remarkably resilient and adaptable through COVID-19, the hotel sector is increasingly favoured by UK real estate investors. With growth in demand expected to outstrip new supply in the coming years, the sector’s fundamentals appear likely to remain strong."
Malcolm Kerr
Managing Director, Horwath HTL UK
Learn more
Real Estate
Hospitality, Tourism and Leisure
Retail
"As choppy waters remain ahead, investors will remain alive to portfolio diversification opportunities, as retail site locations and layouts lend themselves to repurposing to serve more buoyant sectors such as hospitality. This conversion will be an attractive proposition for some owners of retail space, as recent M&A activity shows."
Jeremy Cooper,
Head of Retail, Crowe
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Real Estate
Retail
Real Estate
"Different asset classes face different challenges and outlooks, as we outline. But some truths are universally acknowledged and regulatory red tape hampering the ability of asset owners to execute strategic plans in timely fashion is a persistent complaint."
Caroline Fleet Head of Real Estate, Crowe
Learn more
Hospitality, Tourism and Leisure
32
%
say funding biggest challenge for net zero improvements
Real Estate
"Different asset classes face different challenges and outlooks, as we outline. But some truths are universally acknowledged and regulatory red tape hampering the ability of asset owners to execute strategic plans in timely fashion is a persistent complaint."
Caroline Fleet Head of Real Estate, Crowe
Learn more
Retail
"As choppy waters remain ahead, investors will remain alive to portfolio diversification opportunities, as retail site locations and layouts lend themselves to repurposing to serve more buoyant sectors such as hospitality. This conversion will be an attractive proposition for some owners of retail space, as recent M&A activity shows."
Jeremy Cooper,
Head of Retail, Crowe
Learn more
Hospitality, Tourism and Leisure
"Having proved remarkably resilient and adaptable through COVID, the hotel sector is increasingly favoured by UK real estate investors. With growth in demand expected to outstrip new supply in the coming years, the sector’s fundamentals appear likely to remain strong."
Malcolm Kerr
Managing Director, Horwath HTL UK
Learn more