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SleepyHead

California Video Tour

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In terms of retail and office voids you could probably find similar in parts of the UK.

Try Slough estate, the biggest in Europe. New vacants appearing at a rate of knots. Companies going bust or moving base back abroad.

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try leicester city centre.

Where's worst - I can imagine The Haymarket and more secondary bits of Gallowtree Gate suffering, haven't been for a while - we're still middling there I think.

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Try Slough estate, the biggest in Europe. New vacants appearing at a rate of knots. Companies going bust or moving base back abroad.

All the M4 corridor is bad and it seems to be spreading along it. It was dubbed Britain's Silicon Valley and was always going to be pretty susceptible in my view.

Reading, Newbury, Swindon, Bristol, Newport, Cardiff - none of them doing well. Swindon in particular is absolutely dire.

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Look how empty it all looks out in the crazy state!

It's not new news. Purpose built estates over 200 miles away from the major city they serve simply closed. When the boom was on people bought in as affordable housing. Then gas prices rose and the estates simply closed. Dedicated malls closed and people left. The guy in the video hints that it's far out of town as he says he lives an hour from LA, more than that and you would be nuts to do the daily commute and with fuel increases they simply can't afford to. Started over two years ago.

Sure the malls are hurting nationwide. Very quiet. But it's more consolidation closing the actual stores from what I have seen.

Edited by Redcellar

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It's not new news. Purpose built estates over 200 miles away from the major city they serve simply closed. When the boom was on people bought in as affordable housing. Then gas prices rose and the estates simply closed. Dedicated malls closed and people left. The guy in the video hints that it's far out of town as he says he lives an hour from LA, more than that and you would be nuts to do the daily commute and with fuel increases they simply can't afford to. Started over two years ago.

Sure the malls are hurting nationwide. Very quiet. But it's more consolidation closing the actual stores from what I have seen.

So housing cost a large fortune in the big town so you paid a small fortune for a place an hour away. Where are the people in the end? They stayed put?

Still means some bank spunked huge amounts of capital and has now got zero return. And other office space has to compete with that lot with no one paying any money.

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haymarket is surviving thanks to a TK Maxx and Primark.when their leases are up I can imagine them heading off into the High Cross.Without thsoe two,I could see it running down very quickly.

secondary bits of gallowtree gate are indeed getting nailed.also those little streets on the edge of the shires/high cross are 1 in 4 empty.

the second tier of most buildings is hoardings from surveyors.noone wants it at all.

Thanks, I'd forgotten about Primark and was thinking T K Maxx was the only anchor.

Perhaps the Market will come back strong.

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Oh yes, George... he's a bit on the hyper side but I've watched his stuff for quite some time, certainly interesting. ;)

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would be great.As a kid I remember going there with my mum.Sad to report however,the last time I was there,it was a ghost market.really,I walked through and there were jsut naff all customers.the council had a great idea to pedestrianise the main thoroughfares which means some of the old dears have to walk a few hundred metres for their buses.law of unintended consequences etc etc looks nice though

do you nkow of any markets that are thriving?the clothes sellers can't compete with primark,dvd bloke can't compete with HMV,all that really sells is the fruit and veg,so many empty stalls.

Nah, nowhere they I visit has really got thriving markets, except maybe oop north. Although, up there the butcher's stall etc are more like permanently built shops.

No factories in the UK probably equals no markets.

Leicester always had a pretty eclectic retail offer. It's unfortunate the way the area around Fenwicks is dying and turning into student bar land.

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Guest The Relaxation Suite
All the M4 corridor is bad and it seems to be spreading along it. It was dubbed Britain's Silicon Valley and was always going to be pretty susceptible in my view.

Reading, Newbury, Swindon, Bristol, Newport, Cardiff - none of them doing well. Swindon in particular is absolutely dire.

A massive branch of Borders just got canned in Swindon and therein was a card shop and a Starbucks franchise. Property prices have fallen there a great deal as well. Places of £300,000 last year are more like R260,000 now (Rightmove money) or £240,000 in Sterling, and falling fast. A lot of the people there reliant on Honda, etc.

Edited by D-503

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A massive branch of Borders just got canned in Swindon and therein was a card shop and a Starbucks franchise. Property prices have fallen there a great deal as well. Places of �300,000 last year are more like R260,000 now (Rightmove money) or �240,000 in Sterling, and falling fast. A lot of the people there reliant on Honda, etc.

I've got a feeling New Look might go into the Borders unit on The Orbital. They've been trying to offload their Brunel Centre unit on a 'staff unaware' basis for ages.

The PR says New Look's a recession busting retailer, I think the reality is it's another private equity fuelled bit of flim flam just waiting for the credit to stop revolving.

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Guest The Relaxation Suite
I've got a feeling New Look might go into the Borders unit on The Orbital. They've been trying to offload their Brunel Centre unit on a 'staff unaware' basis for ages.

The PR says New Look's a recession busting retailer, I think the reality is it's another private equity fuelled bit of flim flam just waiting for the credit to stop revolving.

It's definitely a clothes place. I tried to deduce all manner of things about the market from the fact that books were out and jeans were in, but I suspect you're on the money.

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This is yet more of the same.

Just miles and miles of empty commercial real estate. Really stunning, and as is stated in the video, all paid for by the taxpayer.

....and we're doing the exact same thing here.

UK = California of Europe

Edited by Khayl

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The Casacades looks like death in Portsmouth. So many empty units, Jewllers gone, Barratts shoes, gone, Bay Trading gone. A lot gone, all white walled units.

High street is no better, Cube gone, Woolworths still empty, etc. Burger King has opened so, that is the only green shoot.

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A massive branch of Borders just got canned in Swindon and therein was a card shop and a Starbucks franchise. Property prices have fallen there a great deal as well. Places of �300,000 last year are more like R260,000 now (Rightmove money) or �240,000 in Sterling, and falling fast. A lot of the people there reliant on Honda, etc.

London Colney borders just closed or is about to, same configuration.

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I've been really naive up to this point awaiting for the 'reset' button to be pressed when, in fact, it already has.

Thanks for the link. Fascinating insight into the death knall for the decade of excess.

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What's happened to the retail outlet place in Swindon (the old railway sheds conversion, funded by US money).

It's still ticking over. I went there two weeks ago (on a Saturday) and it was very quiet. Almost pleasantly.

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