Capital Shopping Centres (CSC), which owns 14 shopping centres across the country, has said that increasing demand from restaurant operators to open in malls has led to an uplift in rental income from the sector. Rent from caterers grew 25% last year after signing up companies such as Jamie’s Italian, TGI Friday and Wagamama. Quoted in the Daily Telegraph this morning, CSC chief executive David Fischel said: “Catering used to be a loss leader but is now a proper tenant.” This helped the company report a 3.6% rise in like-for-like income in the 12 months to 31 December, despite a 1% fall in occupancy. Footfall increased 2%. Net rental income increased 31% to £364m, partly explained by its acquisition of Manchester’s Trafford Centre last year. Earnings rose 43$ to £139m, although the declining property market led profits to fall from £529m to £34m.