Published on 2 Sep 2020

Are you ready for the changes to the Property Use Classes?

 Are you ready for the changes to the Property Use Classes?  Westfield London has submitted plans to repurpose up to two thirds of its anchor store space into co-working offices. Does this signal a shift in the way we use what has always been considered prime retail space?  According to British Retail Consortium, 2019 was the worst year on record for brick-and-mortar stores. In total, over 14,000 stores closed last year, and all that empty space has provided flexible office operators with a golden opportunity.  As new ways of working come about, accelerated by the COVID-19 pandemic, forward-looking office operators are moving into shopping centres which are, by nature, conveniently located for maximising footfall.   It certainly helps that the greatest reform to the UK planning permission system since WW2 happens on 1st September 2020, making it possible for commercial premises to be completely, flexibly repurposed without the need for local authority approval.  Will we see more shopping centres adopt this approach – diversifying their offering to ensure their survival? Read my blog to learn everything you need to know and tell me what you think in the comments.   #coworking #lexibleworkspace #flexibleoffice