Shopping centre owner in deal to remove barriers stifling growth | Business

An organization backed by SoftBank that transforms under-utilised automotive parks and buying centres into city farms, neighbourhood kitchens, fulfilment centres and e-scooter rental stations has agreed its first deal in Britain.

Reef Technology, which was based in Miami, has signed a deal with Capital & Regional, the London-listed landlord that owns seven buying centres.

Finding various makes use of for elements of Capital & Regional’s malls in Luton, Bedfordshire, and Wood Green, north London, heads the to-do record. Discussions are additionally underneath manner to utilise house on the landlord’s centres in Walthamstow and Ilford.

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E-scooter rental stations are among the many makes use of being thought of for buying malls

CAPITAL & REGIONAL

Reef was fashioned as ParkJockey, offering administration providers for automotive parks. It has expanded to present infrastructure for storage and fulfilment centres, with Reef couriers delivering packages on e-scooters.

It installs “darkish kitchens”

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