Page 5 - Helmsley Group Newsletter Spring 2021
P. 5

 “We’re proud to have maintained a trusted relationship with a multi-generational base of retained investors and look forward to continuing this over the years to come.”
 However, with the vaccine rollout gathering pace, and the Brexit agreement now in place, we approach the remainder of 2021 with cautious optimism, despite the fluid environment we operate in.
In fact, the remainder of this year and beyond is set to be an extremely exciting period as we spearhead once-in-a-generation opportunities, particularly in York. These will play a major part in the sympathetic regeneration of the city centre and its high street, helping to retain its reputation as a prime visitor attraction in the aftermath of the pandemic.
One of the most fundamental changes we expect to see is the way in which the public use the high street. The growth of online shopping cannot
be exaggerated, and this pandemic has further accelerated this change dramatically and likely irrevocably. The high street will therefore remain a staple of our towns and cities but not in the way that we know it.
We expect more household names to sadly disappear from our high streets. However, we believe many of these occupiers will be replaced in the right locations and we will continue to support specialist independent businesses which are thriving and meeting market demand in the wake of the pandemic.
It’s also critical that towns and cities invest in the experience they can offer to locals and tourists alike if they want to keep a healthy retail presence. In our local marketplace of York we are working collaboratively with York City Council to help drive this important agenda forward.
As commercial property ownership moves out of the hands of remote London funds, we look forward to exploring further opportunities for development, as well as continuing to provide finance to other developers and through our successful property syndication offer, for the benefit of generations
to come.

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