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MIPIM Asia: London’s ‘West End Powerhouse’ to contribute £11bn to UK GDP by 2020 •

Tue 29 November 2016

• ASEAN countries represented 52% of all non-EU spend on Bond Street, London
• Golden Week sales were up 300% YoY in September 2016
• Chinese tourists generate around £337 million in additional revenue to the UK every year
• New West End Company is a co-founder and advocate of the UK Chinese Visa Alliance (UKCVA), the business-led group committed to easing the UK Chinese visitor visa system

London, 28 November 2016 – New West End Company confirms that London’s West End is on track to be the first retail district in the world to generate £11 billion annual turnover by 2020. London’s West End already generates £8.8bn in annual sales – in just six hectares – totaling more GVA than either The City of London or the whole of the country of Wales.

New West End Company’s Response to Autumn Statement

Wed 23 November 2016

Jace Tyrrell, Chief Executive, New West End Company, said: “The Chancellor had an opportunity today to heed the calls of business and political groups, MPs and thousands of businesses throughout London to introduce a more realistic cap on business rate rises for London businesses. It will be a huge disappointment to the West End’s retailers that the reduction announced today is so insignificant that it will have little impact on the £885m additional tax that London businesses are due to find each year by April. We will, alongside numerous other organisations, continue to press for business rates reform to ensure the capital’s businesses can continue to thrive for the benefit of the entire country.

West End retailers gear up for record-breaking £115.5m Black Friday

Wed 23 November 2016

London, 23 November, 2016: As the US-borne Black Friday phenomenon sweeps the nation once again, West End retailers are preparing for a record-breaking day with £115.5million turnover predicted in the area – a 5% uplift on last year’s performance.

The key shopping day will help contribute to a predicted £2.34bn till receipt for the West End over the six weeks running up to Christmas – which could see average takings of £51.5million per day and £5.1million spend per hour.

Watch CNBC Black Friday video interview with CEO Jace Tyrrell

London’s ‘West End Powerhouse’ to contribute £11bn to UK GDP by 2020

Wed 16 November 2016

MAPIC – Cannes, France – New West End Company confirms that London’s West End is on track to be the first retail district in the world to generate £11bn annual turnover by 2020. London’s West End already generates £8.8bn in annual sales – in just six hectares – totaling more GVA than either The city of London or the whole of Wales.

Announcing this news at MAPIC 2016, the international retail property convention. New West End Company announced that the world leading retail destination is set to benefit from the opening of the Elizabeth line (Crossrail) at the end of 2018, which is expected to bring an additional 60m visits to the district each year, a 30% increase on teh 200m visitors currently welcomed annually.

CRAIG DAVID LIGHTS UP OXFORD STREET WITH THE VAMPS, LOUISA JOHNSON AND THE MAYOR OF LONDON SADIQ KHAN, IN PARTNERSHIP WITH THE NSPCC LITTLE STARS CAMPAIGN

Mon 7 November 2016

The countdown to Christmas has officially started, as Grammy-nominated British singer Craig David joined the Mayor of London, Sadiq Khan, to switch on the spectacular Oxford Street Christmas Lights. Marking the start of London’s festive shopping season, 1 million families came to the West End as the world famous street launched its’ first Family Festival. The event; broadcast and seen by millions around the globe was hosted by Capital – the UK’s number one hit music brand and launched in partnership with children’s charity the NSPCC.

UK superstar Craig David took to the stage for the 57th annual switch-on moment, illuminating Oxford Street in a very special event. For the first time in Oxford Street’s history, the iconic destination partnered with a charity for its world famous Christmas lights display.

New West End Company’s MAPIC Speaker Programme

Wed 2 November 2016

This year is our inaugural year taking a stand at MAPIC, the premier event for the international retail real estate market. To mark this occasion, we are hosting an unparalleled speaker programme on our stand in Lerin’s Hall R8.C19. The programme, framed around our Property Owner BID, highlights the dynamic facets that make London’s West End the destination Where Investment Meets World Class Retail. Save the dates & times to visit the stand, and be sure to follow us on Twitter & Periscope at @newwestend for live-streaming/tweeting and use the hashtag #WorldClassRetail. We look forward to seeing you in two weeks at MAPIC!

New West End Company's MAPIC Speaker Programme