Shopping centre landlord Hammerson has reported a 0.5% fall in footfall in 2016 with retailer sales down 1.1%.
In its retail parks, visitor numbers increased by 2.2% and the company said its consumer research had shown customer satisfaction had improved by 3% across the portfolio, dwell times and the average number of shops and restaurants visited have both increased by 8% and catering visits had increased by 7%.
The company reported group like-for-like net rental income (NRI) up 2.2% (3.2% including premium outlets) to £346.5m with 142,000m of new space leased, to over 40 new brands, with leases signed at average 5% ahead of ERV.
At the end of the year its property portfolio was worth £9.9bn.
It also updated on its pipeline for 2017, including plans for three major London developments:
A planning application will be submitted for the Brent Cross extension in the spring with construction expected to take place in summer 2018.
A decision on revised plans for the redevelopment of the Whitgift centre in Croydon is expected by summer 2017 and, subject to finalising detailed design and completing agreements with key anchor tenants, the earliest start on site could be during 2018, allowing retailers to trade through the busy Christmas period in 2017.
The group is also consulting further on the Bishopsgate Goodsyard scheme and expects to submit further amendments to the Mayor alter this year.
