Prepare for an exciting transformation! Landsec, the UK’s property giant, is set to infuse £45 million into the revitalization of Portsmouth’s Gunwharf Quays shopping centre, solidifying its stature as the premier waterfront outlet destination in the UK.
This significant investment underscores the thriving momentum in the outlets sector, with Landsec highlighting the positive influence of retail as a driving force. Following the successful approval granted in August for initial improvements in The Avenues area, Landsec has submitted a second planning application to Portsmouth City Council.
The forthcoming phase will concentrate on Marlborough Square, a key entry point to Gunwharf Quays. Enhancements will include refining building aesthetics, upgrading shopfronts, enhancing public spaces and landscaping, and introducing additional seating and facilities. The goal is to cultivate an inviting atmosphere that encourages extended visits and provides brands with enhanced opportunities to engage with their audience.
Pablo Sueiras, Head of Retail Asset Management at Landsec, remarked, “This submission marks another milestone in our long-term investment in Gunwharf Quays. We’re committed to enhancing every facet of our guests’ experience, evolving it into an even more compelling and unique all-day destination. This initiative creates a distinct environment for our brand partners to thrive.”
In a community-centric approach, Landsec engaged with over 500 members of the local community in Portsmouth during the consultation to shape plans for Gunwharf Quays. Future phases of the investment are slated for reveal in summer 2024. Pending approval, works on Marlborough Square are scheduled to commence next summer, with phase one works kicking off in early 2024.
