Businesses are expecting a multi-billion-pound investment package in retail, property and infrastructure development.
Crossrail readyNew West End Company’s involvement with settling the West End for this transformational construction has been a model for public and private sector partnership to create cities for the future. The opening of the £16 billion high-speed Elizabeth line (Crossrail) will be the catalyst for significant change and substantial investment in London’s West End. With two key stations located in the West End, The Elizabeth line is expected to bring an extra 60 million visitors to the area every year – that’s a 30% increase in the 200 million visitors currently welcomed annually.
The world’s leading retail district
London’s West End is the richest ecosystem for retail brands, especially those watching to operate in one of the most iconic and adaptive showrooms in global retail. In the 6 hectares of core West End, the district already produces £8.8 billion in annual sales, a figure that is forecasted to rise to over £11 billion by 2020. This increase is largely in part to the developments surrounding the Elizabeth line. For example Bond Street, one of the world’s most revered luxury shopping streets will begin works on a £10 million placemaking project next month, augmenting the street’s public realm to create a truly refined experience in keeping with its excellent tenant mix.
14 MARCH 2017, United Kingdom