Industry news

While international developments excite us, it is the UK developments that make our tea-drinking, fish and chip-eating selves beam with pride and opportunities for the future.


UK Feature – Newsletter 25.11.2014

Innesco thrives on the buzz and possibilities bred at MAPIC. An inspiring aspect of the MAPIC experience is witnessing developments transform from the conception to implementation, and even, completion phases. We are equally excited by the promise and opportunities created by international and UK developments. This year at MAPIC, Land Securities, a member of FTSE 100, presented a compelling project portfolio to be excited about. Land Securities announced updates for 4 new and on-going projects dotted across the UK from Glasgow to Portsmouth. Below is a brief outline of just four of their eagerly awaited projects.

Buchanan Galleries is Land Securities’ exciting shopping and dining experience located in the heart of Glasgow’s city centre. Glasgow was an easy decision with over 600,000 residents and 2.5 million in the city region, more than three universities, and attracting 2.3 million tourists annually[1]. Buchanan Galleries offers this influx of customers one of the largest city-centre developments in Europe and unlike anything Glasgow previously has. Land Securities Buchanan Galleries boasts over four floors and 600,000 sq. ft. of shops and restaurants.

Land Securities announced at MAPIC that Superdry, Mango, Next and H&M have all signed on to the centre, as well as premier food and beverage brands, D&D London and Living Ventures Group. D&D London is one of Europe’s foremost luxury restaurant and hotel groups, operating in London, Paris, New York, Tokyo, and now Glasgow. D&D London owns and operates 34 restaurants globally producing aggregate revenues of £75 million annually. Their bespoke restaurant at Buchanan Galleries will sprawl over 10,000 sq. ft. with rooftop views of Glasgow’s iconic Buchanan Street. Tim Bacon, CEO of Living Ventures Group recently won the Legends of Industry Award for good reason. Living Ventures Group operates some of the most exciting restaurant and bar brands in the UK, such as Manchester House that won Best Restaurant, Best Bar and Best Newcomer at the Manchester Food and Drink Festival Awards in September. Living Ventures Group will open two of their unparalleled restaurant experiences at Buchanan Galleries, Artisan Kitchen + Bar and The Alchemist with in house mixologists for a truly unique experience.

Moving down the country, Westgate Oxford is truly unlike any shopping and leisure centre presently in Oxford. Westgate Oxford, the joint project between Land Securities and The Crown Estate, will provide Oxford with high-end national and international retailers, such as flagship stores for John Lewis, Next and Michael Kors. These premiere brands will cater to Oxfordshire’s prosperous residents, who earn a median gross weekly income of £30 more than the national average. The centre also provides visitors with a 5-screen Curzon Cinema experience achieved by state-of-the-art Sony 4k digital projectors. The luxury outlets and cinema experience will accommodate University of Oxford’s student culture with over 22,000 pupils living on or around campus.

Portsmouth’s is the most densely populated unitary authority with over 5,000 people per sq. km while London has 4,000[2]. Furthermore, tourist numbers have shot up and Gunwharf Quays compliments these increasing numbers by providing a luxury retail outlet experience. Visitors to Gunwharf Quays can enjoy global premium brands like Tommy Hilfiger, Links of London, Swarovski, The North Face and Mint Velvet’s first outlet store. There is something for every style and taste!

Bluewater, the impressive shopping and retail destination, was systematically placed in Kent, which boasts the largest population of any county in South East England with over 1.41 million in 2009.  Bluewater incorporates European retail favourites like Next, H&M, Le Creuset and the UK debut store of Jolie Papier, alongside US staples American Eagle, Victoria’s Secret, and Adidas’ homecourt store – one of only two in the world! Moreover, Bluewater offers dining experiences for every appetite from Loch Fyne and Carluccio’s to Wahaca and Byron, which will appeal to Kent’s diverse population, the fourth largest proportion of residents classified as non-White British in the South East.

Innesco is very excited about Land Securities’ new and existing projects. Ailish Christian-West, head of Land Securities’ shopping centre portfolio, explained at MAPIC how Land Securities is strategically adapting and analysing their centre to align with the structural changes in the industry. Clearly, this has been successful by opening different centre types from the luxury outlet destination in Portsmouth to Glasgow’s city-centre shopping and dining experience.

[1] http://newsroom.peoplemakeglasgow.com/media/160425/glasgow_fast_facts.pdf

[2] http://www.ons.gov.uk/ons/rel/regional-trends/regional-trends/no–43–2011-edition/portrait-of-the-south-east.pdf

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