The refurbishment of shopping centres

Abstract

Reviews the economic and financial considerations relevant to investment in shopping centre refurbishment. Considers the problems of economic obsolescence through rising maintenance costs and falling rents, and legal obsolescence through changes in legislation and safety regulations, using case study examples. Concludes that refurbishment is usually an attractive proposition, even a defensive necessity: the financial implications of refurbishment can be analysed formally.

Citation

Pugh, C. (1992), "The refurbishment of shopping centres", Property Management, Vol. 10 No. 1, pp. 38-46. https://doi.org/10.1108/02637479210030213