Latest news with #Landsec
Fashion Network
4 days ago
- Business
- Fashion Network
Gunwharf Quays starts latest phase of redevelopment as outlet centre booms
UK retail property giant Landsec said this week that it's 'reached the next major milestone in its transformation of Gunwharf Quays after breaking ground at Marlborough Square'. Its latest round of improvements is designed to boost the visitor experience and reinforce the Portsmouth outlet destination's appeal among affluent shoppers and international visitors. The owner/operator of key retail centres including Bluewater, Trinity Leeds and Liverpool One, said Gunwharf Quays remains one of the UK's best-performing retail outlets. And having upgraded The Avenues part of the property earlier this year, it expects the new works (which will be complete next spring) to add to its appeal. It's enhancing shopfronts and façades, improving landscaping, expanding washrooms, and adding extra seating, all designed to 'improve dwell time and enable stronger flagship presentations'. A new retail unit will also launch 'to bring a new brand experience to the centre in time for peak trade over the Golden Quarter' and brands including Crew Clothing and M&S will move into larger units, with M&S expected to continue trading throughout the works. The new investment follows what it said has been a period of 'standout commercial success with a record year for sales and footfall and more than a quarter (28%) of stores on-site breaking performance records in FY24/25,' we're told. Tim Treadwell, head of retail portfolio at Landsec, said: 'We continue to see strong demand from leading brands looking for premium environments to grow their outlet offerings.' That's perhaps unsurprising given the polarisation in UK retail with certain destinations/supermalls outperforming while those with less unique appeal struggle to attract both brands and shoppers. Gunwharf Quays has a number of built in advantages aside from being run by one of the country's key retail property specialists. It's in a historic, waterfront location with a good selection of premium stores (Russell & Bromley is among its latest arrivals), and plenty of leisure activities, including a cinema and bowling. Interestingly too, earlier this year, Landsec installed 1,287 solar panels throughout Gunwharf Quays, one of the largest arrays of solar across UK shopping centres. These generate more than 500,000 kWh annually and reduce the destination's carbon emissions by 115 tonnes, the equivalent of planting 5,400 trees.
Fashion Network
4 days ago
- Business
- Fashion Network
Gunwharf Quays starts latest phase of redevelopment as outlet centre booms
UK retail property giant Landsec said this week that it's 'reached the next major milestone in its transformation of Gunwharf Quays after breaking ground at Marlborough Square'. Its latest round of improvements is designed to boost the visitor experience and reinforce the Portsmouth outlet destination's appeal among affluent shoppers and international visitors. The owner/operator of key retail centres including Bluewater, Trinity Leeds and Liverpool One, said Gunwharf Quays remains one of the UK's best-performing retail outlets. And having upgraded The Avenues part of the property earlier this year, it expects the new works (which will be complete next spring) to add to its appeal. It's enhancing shopfronts and façades, improving landscaping, expanding washrooms, and adding extra seating, all designed to 'improve dwell time and enable stronger flagship presentations'. A new retail unit will also launch 'to bring a new brand experience to the centre in time for peak trade over the Golden Quarter' and brands including Crew Clothing and M&S will move into larger units, with M&S expected to continue trading throughout the works. The new investment follows what it said has been a period of 'standout commercial success with a record year for sales and footfall and more than a quarter (28%) of stores on-site breaking performance records in FY24/25,' we're told. Tim Treadwell, head of retail portfolio at Landsec, said: 'We continue to see strong demand from leading brands looking for premium environments to grow their outlet offerings.' That's perhaps unsurprising given the polarisation in UK retail with certain destinations/supermalls outperforming while those with less unique appeal struggle to attract both brands and shoppers. Gunwharf Quays has a number of built in advantages aside from being run by one of the country's key retail property specialists. It's in a historic, waterfront location with a good selection of premium stores (Russell & Bromley is among its latest arrivals), and plenty of leisure activities, including a cinema and bowling. Interestingly too, earlier this year, Landsec installed 1,287 solar panels throughout Gunwharf Quays, one of the largest arrays of solar across UK shopping centres. These generate more than 500,000 kWh annually and reduce the destination's carbon emissions by 115 tonnes, the equivalent of planting 5,400 trees.
Fashion Network
4 days ago
- Business
- Fashion Network
Gunwharf Quays starts latest phase of redevelopment as outlet centre booms
UK retail property giant Landsec said this week that it's 'reached the next major milestone in its transformation of Gunwharf Quays after breaking ground at Marlborough Square'. Its latest round of improvements is designed to boost the visitor experience and reinforce the Portsmouth outlet destination's appeal among affluent shoppers and international visitors. The owner/operator of key retail centres including Bluewater, Trinity Leeds and Liverpool One, said Gunwharf Quays remains one of the UK's best-performing retail outlets. And having upgraded The Avenues part of the property earlier this year, it expects the new works (which will be complete next spring) to add to its appeal. It's enhancing shopfronts and façades, improving landscaping, expanding washrooms, and adding extra seating, all designed to 'improve dwell time and enable stronger flagship presentations'. A new retail unit will also launch 'to bring a new brand experience to the centre in time for peak trade over the Golden Quarter' and brands including Crew Clothing and M&S will move into larger units, with M&S expected to continue trading throughout the works. The new investment follows what it said has been a period of 'standout commercial success with a record year for sales and footfall and more than a quarter (28%) of stores on-site breaking performance records in FY24/25,' we're told. Tim Treadwell, head of retail portfolio at Landsec, said: 'We continue to see strong demand from leading brands looking for premium environments to grow their outlet offerings.' That's perhaps unsurprising given the polarisation in UK retail with certain destinations/supermalls outperforming while those with less unique appeal struggle to attract both brands and shoppers. Gunwharf Quays has a number of built in advantages aside from being run by one of the country's key retail property specialists. It's in a historic, waterfront location with a good selection of premium stores (Russell & Bromley is among its latest arrivals), and plenty of leisure activities, including a cinema and bowling. Interestingly too, earlier this year, Landsec installed 1,287 solar panels throughout Gunwharf Quays, one of the largest arrays of solar across UK shopping centres. These generate more than 500,000 kWh annually and reduce the destination's carbon emissions by 115 tonnes, the equivalent of planting 5,400 trees.
Fashion Network
22-05-2025
- Business
- Fashion Network
Charles Tyrwhitt to relocate HQ to major Landsec London development
Charles Tyrwhitt's nerve centre is on the move. The British menswear brand is to relocate its head office to the Landsec-owned The Forge in Bankside, London. The retail group will move its 240-strong head office team into an 18,680 sq ft space with a relocation that marks 'a significant strategic shift for the brand, aligning its workplace with long-term environmental goals and evolving ways of working'. CEO Luke Kingsnorth said: 'The Forge is the perfect fit for the future of Charles Tyrwhitt - combining sustainability, design excellence and an unbeatable location fits perfectly with our culture and values. 'Relocating our head office here supports both our ambition to provide an outstanding workplace for our people and environmental commitments.' Oliver Knight, head of Workplace at Landsec, added: '[Our] latest lettings, led by Charles Tyrwhitt's head office relocation, highlight the growing importance organisations place on net zero buildings that support long-term environmental goals while providing an exceptional working environment.' The Charles Tyrwhitt business, meanwhile, is in expansion mode. Earlier this year, its co-founder Nicholas said the retailer would be investing overseas, naming the US, Germany, Australia, France, Sweden as key target markets. He said the long-term plan is to open 10 stores a year, from a base of 52 units currently.
Fashion Network
21-05-2025
- Business
- Fashion Network
Charles Tyrwhitt to relocate HQ to major Landsec London development
Charles Tyrwhitt's nerve centre is on the move. The British menswear brand is to relocate its head office to the Landsec-owned The Forge in Bankside, London. The retail group will move its 240-strong head office team into an 18,680 sq ft space with a relocation that marks 'a significant strategic shift for the brand, aligning its workplace with long-term environmental goals and evolving ways of working'. CEO Luke Kingsnorth said: 'The Forge is the perfect fit for the future of Charles Tyrwhitt - combining sustainability, design excellence and an unbeatable location fits perfectly with our culture and values. 'Relocating our head office here supports both our ambition to provide an outstanding workplace for our people and environmental commitments.' Oliver Knight, head of Workplace at Landsec, added: '[Our] latest lettings, led by Charles Tyrwhitt's head office relocation, highlight the growing importance organisations place on net zero buildings that support long-term environmental goals while providing an exceptional working environment.' The Charles Tyrwhitt business, meanwhile, is in expansion mode. Earlier this year, its co-founder Nicholas said the retailer would be investing overseas, naming the US, Germany, Australia, France, Sweden as key target markets. He said the long-term plan is to open 10 stores a year, from a base of 52 units currently.
