2 December 2016: 10:17 am
Retail and leisure boom
Wimbledon has the second highest potential for investment in retail and leisure space in the United Kingdom, according to recent research.
The town in the London Borough of Merton ranked 2nd in the Hot 100 Retail Locations 2016, drawn up for Property Week by location specialists CACI and published last month (11 November).
The ranking identified the 100 areas in the country which have the largest capacity for additional retail or leisure space, based on factors including catchment size, competition by nearby town and cities, expected population growth, worker and tourist potential.
Wimbledon was second only to Milton Keynes on the list. The town had the highest score (A) for headroom, the most important variable in the model, which looks at the relationship between the area’s catchment size and competition from other locations to assess whether there is scope to increase the retail offer.
It also scored “A” for expected population growth over the next 10 years.
Read about the Property Week survey here.