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Space Supportable and Revenue Forecasting

Penderville Case Study

Customer and market study delivers the right mix

Client: 
   
Penderville Ltd

Location:
St Julian's, Malta

Reporting level:      
Managing Director

Task:
To develop a strategic commercial and branding direction for the Penderville development – a mixed-use scheme (residential, shops and offices) in St Julian’s, Malta.

What we did:
  • Detailed retail, food & beverage and entertainment audit of Malta
  • Reviewed the market for retailing in Malta
  • Conducted qualitative research into the requirements of residents and tourists
Result:      
Developed a full space utilisation and customer demand model which allowed Penderville to specifically target the tenant mix to the target customer base.

Contact

Roy Palmer
Chairman
r.palmer@pragmauk.com

Read Roy Palmer's profile

Monica Lucas
President and Research Director
m.lucas@pragmauk.com

Read Monica Lucas’s profile

Did you know?

The UK fresh cut flower and indoor plant market is worth £2.2 billion at retail level (The UK music industry is worth around £2 billion).

This represents an average spend per person per year of £36 (£28 on flowers and £8 on plants).

While this is an increase from the 1984 value of £8 per person, it still comes nowhere near the rest of Europe, where people regularly spend £60-£100 per year on cut flowers and indoor plants.