Smart Approach in Retail Resilience

Exploring opportunities in alternative and additional uses • Progressing alternative and additional use opportunities for Retail Alternative use potential, indicative view • - - Focused on what is viable today Option to deliver ourselves or in partnership - Progressing planning underpins value Sq ft (m) 2.5 2.0 2.4m sq ft alternative use potential • - From existing retail space and surrounding land Exploring last mile opportunities on retail parks, given convergence of rents and uses 1.5 1.0 10 0.5 0.0 Existing Potential Surrounding land Residential Offices 17 Existing retail Logistics

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