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Commercial Property Growth Favoured in Wales | 27 April 2011

The Manifesto for Welsh Retail 2011 has highlighted commercial property growth as one of its key objectives. The manifesto – published by the British Retail Consortium – outlines a framework designed to grow the industry within Wales; attracting investment for property growth and job creation.

The manifesto placed particular importance on the commercial development side of things, helping to boost the commercial property market in the country.

The British Retail Consortium’s director general, Stephen Robertson, spoke out about the manifesto. He called retail the “engine room of recovery” and claimed it would “help Wales toward a secure and sustainable future.”

Robertson went on to add: “Retail is not a sector that looks for subsidies,” on BRC.org.uk. “It is naturally entrepreneurial.”

“Even in these challenging times, it is creating jobs and investing in growth,” the director said, urging the Welsh government to remove any barriers and allow the sector to boost “regeneration” in the country.

His comments came shortly after a property expert claimed Wales was an ideal location for commercial property investors.

Rhodri Evans told Wales Online how the commercial property market in Wales fitted in with the newest industry trends – arguing: “It used to be location, location, location that drove commercial property investment.”

“But it is now the less catchy location, covenant and lease term that investors are focused on.”

Written by Deborah Bates on behalf of Qube Global Software

While posted by Qube Global Software all views expressed are not necessarily those of the company. All facts are verified where possible directly by the author.

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