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Types of Retail Parks:
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- Bulky Goods Parks (65%+ of unit users are in "Bulky Goods") and 78 parks are in this classification
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- Retail Parks (under 30% unit users are in "fashion" and clothing and not above 65% of unit users in "Bulky Goods") and 112 are included
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- Shopping Parks (30%+ of unit users are in "fashion" and clothing or usually found in high street locations, but not more than 65% are in "bulky goods") with information from 60 included
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Size Bands - these have been selected as follows
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- Under 100,000 sq ft (9,290 sq m) covering 107 parks
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- Over 100,000 sq ft (9,290 sq m) but less than 200,000 sq ft (18,580 sq m) includes 103 parks
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- Over 200,000 sq ft (18,580 sq m) covering 40 parks.
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- This generally represents a fairly even distribution between the first two categories while the latter one probably reflects the lesser numbers of larger parks in existence
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OSCAR - is an acronym for Office Service Charge Analysis Research. This analysis was commenced by Jones Lang LaSalle over two decades ago dealing initially only with office service charges. This was joined by Retail OSCAR after a few years relating to shopping centre service charges. The OSCAR name has been retained for Retail Parks OSCAR.
Data - The data on which Retail Park OSCAR is compiled is from the service charge costs paid by occupiers to owners of Retail Parks. The costs do not include direct costs borne by occupiers in relation to the maintenance, repair and use of their own demised unit. Information has been provided on both "reconciled" service charges and service charge Budgets.
Reconciled Service Charges - The data for the "reconciled Service Charge" analysis is in the main drawn from audited or certified Service Charge accounts mainly falling within the 2007 calendar year. All costs are net of VAT.
Service Charge Budgets - The data for "Budget" analysis comes from budgets issued to tenants for the year mainly falling within the 2008 calendar year. All costs are net of VAT.
Cost-Rates - The cost-rates have been calculated by dividing the total Service Charge costs by the gross internal floor area of the retail units within the park. |