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Commercial Property News
Westfield London posts strong sales figures
The Westfield London shopping centre has outperformed the centre of the capital and the UK as a whole with its Christmas sales figures.
In December, like-for-like transactions at the site climbed 18%, while footfall at the 150,000 sq m commercial property site climbed by 31% with nearly 750,000 shoppers visiting over the month, Property Week reports.
Central London like-for-like sales were up 12% over the same time period, while the average figure for the UK as a whole was 4.2% higher.
Managing director of the retail and business property centre Michael Gutman said he was pleased with the results.
"We expect this … appeal to be enhanced further with the opening of the Vue 14 screen cinemas on the 12th of February," he was quoted as saying.
Westfield London opened in 2008 at a cost of £1.7 billion. The company also has a site in development at Stratford City, east London and operates in the US, Australia and New Zealand as well as the UK.
In December, like-for-like transactions at the site climbed 18%, while footfall at the 150,000 sq m commercial property site climbed by 31% with nearly 750,000 shoppers visiting over the month, Property Week reports.
Central London like-for-like sales were up 12% over the same time period, while the average figure for the UK as a whole was 4.2% higher.
Managing director of the retail and business property centre Michael Gutman said he was pleased with the results.
"We expect this … appeal to be enhanced further with the opening of the Vue 14 screen cinemas on the 12th of February," he was quoted as saying.
Westfield London opened in 2008 at a cost of £1.7 billion. The company also has a site in development at Stratford City, east London and operates in the US, Australia and New Zealand as well as the UK.
Mon, 25th Jan 2010