Did you ever wonder who owns the high street, and how high street shops get bought and sold? In this quick Q&A, property expert Andrea Carpenter sheds light on the matter.
A row of high street shops will often have many different types of owners, with varying degrees of interest in the local neighbourhood and community. Many are owned by private investors or smaller pension funds and insurance companies. In addition, you will find that local councils often own units within their jurisdiction.
The fragmented nature of high street shop ownership means that it is often difficult to take a unified approach to improvements and revitalisation. Governance structures such as Business Improvement Districts can help in this respect.
In this Q&A, Andrea Carpenter answers three quick questions on high street ownership:
- Who owns the high street shops?
- How do high street shops get bought and sold?
- What impact does this type of ownership have on the high street?
About the expert
Andrea Carpenter is a Director of Diversity Talks Real Estate, and a writer and communications consultant in the property industry.
As a Director of Diversity Talks Real Estate, Andrea helps raise the visibility of under-represented groups in the industry through the stage and media.
On the writing side, her book about the history of the modern European property industry, High Rise and Fall, was published by Routledge in September 2018.
Andrea began her career as a journalist at Property Week before moving on to be editor of EuroProperty for seven years. Following this she worked for various industry bodies including the Urban Land Institute, INREV and ANREV.
- Andrea Carpenter