News

First ground broken at Bond Street

Wed 3 May 2017

Last week saw the official launch of the £10 million Bond Street public realm improvement works.  New West End Company Chairman, Sir Peter Rogers and Chief Executive Jace Tyrrell were joined by a number of stakeholders including Westminster City Council leader Cllr Nickie Aiken, London Deputy Mayor for Planning Jules Pipe and Mark Fenwick to officially “break ground” on phase one of the scheme.

Led by New West End Company together with Westminster City Council and Transport for London and supported by major Bond Street retailers, the project will completely transform the public space across Old and New Bond Street, helping strengthen it’s position as the global centre of luxury retail. Delivered over an 18 month period, the works are due to be finished in time for the arrival of the Elizabeth Line in late 2018, which is set to bring 60 million additional annual visits to the West End.

Watch our highlights video to find out more.

MIPIM 2017

Tue 11 April 2017

In March we attended MIPIM 2017 in Cannes to discuss how we are operating as an active delivery partner in developments across the district with Transport for London and Westminster City Council.

We kicked off the week in style, co-hosting the Mishcon de Reya pre-MIPIM Real Estate Party with Bee London and support from the Department for International Trade. Watch highlights from the night in this short film.

Over the course of the week we partnered with City & Westminster Property Associations (CPA) (WPA), West End Partnership (WEP) and The Northbank BID to promote the continual efforts made to improve business conditions and retail opportunities for occupiers in the West End.

With over 23,000 delegates from 90 different countries we helped place the West End front and centre on a world stage, highlighting the opening of the Elizabeth Line next year and the numerous public realm initiatives underway across the district to create ‘a new West End’. Read more about about our activity at MIPIM in our CEO blog.

A global first for London – the world’s first ‘Smart Street’

Tue 28 March 2017

28th March 2017 – New West End Company today reveals a world first in technology and retail. Set to launch in May 2017, Bird Street will be the world’s first ‘smart street’; an oasis of technology, fashion, innovation and sustainability. The project is being launched with funding from Transport for London’s Future Streets incubator scheme.

The tech-friendly, traffic-free hub off Oxford Street will be transformed with a range of cutting edge sustainable technologies, including bringing in PaveGen technology which generates electricity from pedestrian movement, and Airlite’s revolutionary air purifying paint. A curated collection of pioneering pop-ups, delivered in partnership with Appear Here, will further transform Bird Street with a revolving mix of cutting edge fashion, technology and alfresco dining, the New West End Company and Appear Here are actively looking for interesting and innovative fashion and tech brands to be a part of this pioneering project.

NEW WEST END COMPANY’S RESPONSE TO THE SPRING BUDGET

Thu 9 March 2017

Statement from Sir Peter Rogers, Chairman of New West End Company:

“We are disappointed by the Chancellor’s announcement. He has missed the opportunity to deal with a major concern for London businesses. The short term relief he announced will have no impact on the majority of the companies in London and the West End which will suffer massive tax increases on April 1st. This will mean closures and job losses.

“The current system is good for civil servants but bad for business. We hope that this Parliament will be the last one to oversee a business rate revaluation. We will push for the Chancellor’ review to take a more fundamental look at how the business tax system can more effectively respond to the government’s duty to finance local services with the need for all businesses to pay their fair share. The review should look beyond digital businesses to ensure that all companies, particularly multi-nationals, make a fair contribution to Britain’s tax take.

“New West End Company is happy to work with the government and others to explore a more effective and equitable system.”

West End Annual Insights Breakfast Summary

Fri 3 March 2017

New West End Company this week hosted the annual West End Insights breakfast as the Hotel Café Royal on Regent Street, delving into the issues and trends that shaped 2016 and the challenges and opportunities that lie ahead for the West End.

With guest speakers including Rajesh Agrawal, Deputy Mayor for Business, Richard Holt, Head of Global Cities Research at Oxford Economics, Muriel Zingraff-Shariff, UK Country Manager at Premier Tax free, Alex McCulloch, Associate Partner at CACI and Kyle Monk, our own Head of Insight, the session spanned from the macroeconomic backdrop to international trends, London consumer focus and the West End specific outlook.

View Macro Presentation – Oxford Economics

View International Presentation – Premier Tax Free

View London Presentation – CACI

View West End Presentation – New West End Company

TFL Consultation: Proposed changes to buses in Central London

Mon 23 January 2017

New West End Company represents retailers and property owners in Bond Street, Oxford Street and Regent Street.  The consultation on changes to bus routes represents a step in the right direction towards revitalising the heart of our nation’s retail capital on Oxford Street. We nonetheless hope that this consultation is just the starting point in this regard and options for further reductions of up to 100% during certain periods of the day are also brought forward in the next few months to meet the aspirations of the Mayor and shared by our members.

Our retailers and property owners strongly support the creation of vehicle free areas during specific periods within the day and evening across Oxford Street. We would also like to see the delivery of the 40% reduction outlined in this consultation to commence as soon as possible this year and believe this would also offer best value to the taxpayers and demonstrate tangible delivery of the Oxford Street transformation.