The report states that the market could also support a retail park 60 per cent bigger than the complex at the top of Queen’s Road.
It is also clear from the conclusions that the Island would benefit from having a new competitor in the supermarket market.
The report, by consultants Experian, was prepared for the Economic Development Committee and says that the retail sector is ‘overtrading’ – that retail space is not sufficient to cope with the level of expenditure – and is failing to capitalise fully on the potential.
