Latest news with #GunwharfQuays
Fashion Network
18-06-2025
- 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
18-06-2025
- 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
18-06-2025
- 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.
BBC News
24-05-2025
- Business
- BBC News
Could Sydney-style water taxis come to Portsmouth?
For those living near harbours in the South of England, the idea of calling a water taxi to get to work or home from a night out could soon be a idea was the subject of a summit last week involving politicians, ferry providers, business leaders and experts in marine event at the Portsmouth's historic dockyard heard the system could work on an "on-demand" basis, like Uber, or on a scheduled timetable, and could be key to helping alleviate some of the South's traffic ferry operators warned that public subsidies would be needed to get services off the ground and encourage people out of their car. The event was organised by Dame Caroline Dinenage, MP for Gosport, who said she wanted to hear the "art of the possible" and mimic cities like Sydney in Australia, which use water taxis for commuting and afterwards she said: "There's a definite enthusiasm to get things up and running to make the most of the water we have here. Everybody in one room helped see what the opportunities and obstacles are." Supporters of the idea included the operators of Gunwharf Quays, Hampshire chamber of commerce and Business South who said it could help encourage economic growth. But some of ferry operators at the summit said it was a challenge to change mindsets, to get people onto boats and out of cars, particularly outside of the summer months. The operator of the overnight ferry connecting Portsmouth and Gosport stopped sailings in February due to a lack of demand. Many in the industry said a change in government policy was needed are government grants to support public transport - like bus service improvement plans (BSIP) and the move back to public ownership for trains - but no such financial support exists in England for the maritime Rayment, owner of Blue Funnel Cruises, said: "Scottish ferries are subsidised, the ferries which cross Sydney harbour get financial support and there's been grants to the Thames clippers in London, but down here on the South Coast, there's nothing we can apply for, that's frustrating."Many in the room said public subsidies were needed while the service was in its infancy as the "passengers won't come instantly".In response, Caroline Dinenage said political backing was key as well as business support. You can follow BBC Hampshire & Isle of Wight on Facebook, X (Twitter), or Instagram.
