"The retail sector continues to build on previous years' positive momentum, supported by sustained inbound tourism growth and strong tenant demand. Luxury goods continue to anchor retail consumption, but consumer demands are gradually shifting towards unique, experiential products and services. Government efforts are underway to direct inbound tourism towards regional destinations, boding well for local retail as visitors venture beyond major cities. "

"Cautious consumer spending sees UK retail sales remain subdued in October 2025, but historically, this has proven to be a prelude to elevated demand during Black Friday and the festive trading season"

"Outlet retail draws capital as consolidation accelerates, supply remains tight, and prime assets deliver attractive returns"

"Occupational demand remains buoyant for prime opportunities, but caution amid increased operational and fit-out costs is tempering rental growth"

"Core fundamentals of the occupational market continue to hold steady, despite domestic and international economic challenges. Shopping centre investment volumes showed a partial recovery in Q2, with the pipeline of high-quality assets coming to market looking strong."