"It looks as though retail park assets have a firm place in the sector’s future."

"The pandemic has predictably taken its toll on the retail sector and vacancy rates are still elevated across all markets as a result. The F&B industry has borne the brunt, and its struggles are likely to linger, possibly lowering the NOI of retail properties in the medium term. Against this backdrop, however, the high rate of vaccinations, plunging COVID-19 cases, strong pent-up demand, and excess savings spark hope for a recovery."

"In a broadly stable market, some signs of leasing activity were detected in Central, while F&B again proved to be the go-to sector for landlords."

"It is worth noting that this covers the 'prime-prime' segment of most major property sectors in key cities around the region and should not be confused with the market overall, particularly when comparing market cycles.   "