The statement was made during the Knowledge Bank Live Criteria Clinic on commercial mortgages at The FP Show 2023.

The session panellists included Mike; Marc Callaghan, head of specialist finance at OSB Group; Stephen Spinks, head of sales at Allica Bank; and John O’Donovan, partner and head of banking and finance at Harold Benjamin, with the session moderated by Nicola Firth, founder and CEO at Knowledge Bank.

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“I don’t think there’s a tipping point, [but] there’s change and a definite shift from city centres and larger retail units,” said Mike.

Marc questioned whether large retail shops could be divided down into smaller units, while Stephen Spinks also expressed that he would be cautious of “large-scale major shopping centres”, going on to say that most valuers would also approach them with care. 

Pictured above (L-R): Nicola Firth, Mike Davies, John O'Donovan and Marc Callaghan