CEO Blog

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SEASON’S GREETINGS FROM NEW WEST END COMPANY

Wed 21 December 2016

2016 has been an extraordinary year of change.

Against a backdrop of major global events, Brexit and a new Mayor, London’s West End has continued to demonstrate its resilience and its allure. For New West End Company, our focus has been on driving retail trade, enhancing asset values and acting as an influential business voice to represent your interests and deliver on our 2020 plan.

The entire team at New West End Company thanks you, our members and our partners, for your ongoing support and wishes you a prosperous year ahead.

 

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MIPIM Asia

Fri 2 December 2016

This week saw us visiting some of our Asian members based in Beijing and Hong Kong and attend MIPIM Asia, Asia’s Property Leaders Summit.  The trip was an excellent way to showcase the West End, our work and business initiatives as well as encourage even more investment in to the West End.

 

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London’s West End debuts at MAPIC 2016

Fri 18 November 2016

Attracting new investors to London’s West End is a key focus for New West End Company, so being given the opportunity to attend and exhibit at MAPIC2016, one of the world’s highest calibre and best attended retail property conferences, was a perfect way to showcase all that the West End has to offer, to continue raising our profile and to help us realise our target of becoming the first business improvement district (BID) in the world to contribute more than £11 billion to (UK) GDP by 2020.

 

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MAPIC Day Two

Thu 17 November 2016

Following a fantastic first day at MAPIC yesterday, we were all looking forward to seeing what day two had in store, and it certainly did not disappoint. It has been filled with meetings and speaking engagements both for MAPIC as well as on the New West End Company stand.

 

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MAPIC Day One

Wed 16 November 2016

Today was the first full day of MAPIC 2016, the annual global retail property conference, however, we got the event underway early at the wonderful opening reception, sponsored by Thor Equities, which gave us a great opportunity to meet some of our fellow delegates.  Following the reception, I hosted a private dinner attended by the Evening Standard, Retail Week, the Editor of MAPIC News who also writes for Retail Property Analyst, and we discussed the opportunities and challenges faced by retailers in the West End.

 

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Christmas Preparations

Mon 7 November 2016

With Halloween and Bonfire night well and truly behind us, preparations are already in full swing for Christmas – the West End’s busiest time of the year! For the team at New West End Company, the launch of our annual Christmas Tracker report officially marks the start of the festive season. This year we published our fourth report which presented a different outlook on the West End and considered the district’s response to both the result of the recent business rate revaluation as well as the impact on how businesses are performing in the post-Brexit environment. This year’s Christmas Tracker forecasts that sales will increase by 1.6% during the 6 weeks leading up to Christmas. These sales will contribute £5.4 billion to GVA over the season. Despite a turbulent second half of the year following the Brexit decision, London’s West End has remained successful with the end of the year expected to show some increased consumer confidence. However, this could be the last Merry Christmas for a while if the Government does not rethink its business rates strategy.

 

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