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Economic benefit of shopping centres
Posted on: 27 September 2013
By: mackene
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Filed under: News
Property company Hammerson has created a forecasting tool to help assess the future impacts of its shopping centre developments, from construction through to opening. The new tool, which can interrogate 50 sets of data, will help the company maximise employment opportunities and other benefits in its schemes. The tool grew out of research by the developer, working with Jones Lang LaSalle and Envoy Group, and quantifies the long-term economic and socio-economic impact of its shopping centres. Data from nine major shopping centres was used in the research, to look at four key areas: Economic value generated by shopping centres; Benefits to local and central government; Economic benefits to wider communities; Impact on quality of life for individuals. The report, Demonstrating the true value of shopping centres and two companion reports on the Bullring and WestQuay, are available on the Hammerson website.
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