ABSTRACT
As an investment property, shopping centres differ from office buildings in one key aspect. An office building has lessees who require accommodation for essentially the same purpose – office work. A shopping centre is a group of complementary businesses, many of competitive uses but which collaborate to provide an attractive mix of retail goods and services for the customer. A major shopping centre typically incorporating at least one full line department store, one or more full line discount department stores, one or more supermarkets and around 150 specialty shops. A shopping centre typically incorporating one full line department store, one full line discount department store, one or more supermarkets and around 100 or more specialty shops. A medium-sized shopping centre typically incorporating at least one full line discount department store, a major supermarket and approximately 40 or more specialty shops.
