Harrow and Uxbridge have been identified as among the least risky town centres to invest in by a BNP Paribas report.
Harrow placed fourth and Uxbridge third in the BNP Paribas Retail Risk Index report, which classifies 100 significant UK town centres by investment risk. Half the top ten centres were in Greater London, with Lewisham and Wood Green taking the two top spots.
The report, published earlier this month, argues that, with shortening leases, and more risk of retailer failure, different ways of assessing investment risk are needed. The BNP Paribas Retail Risk Index aims to be a guide to the level of tenant financial risk in the UK’s top 100 retail locations. By assessing the financial health of a town’s occupiers, say BNP Paribas, the index provides a guide to which towns are most vulnerable to retail collapse or closure and those best placed to withstand a weakening retail economy.