The UK‘s largest commercial property firm Land Securities has unveiled two new retail projects for Oxford and Glasgow.
The plans, which were unveiled at MAPIC, will feature a flagship 800,000 sq ft centre development in Oxford and will bring 100 new retailers to the city. The plans are said to enhance what is already a ‘very strong offer‘ in the city.
“By creating a stunning new retail destination, respecting the character of this great city, our ambition is to further add to some of the most attractive environments in the UK”, said Bert Martin, Development Director at Land Securities.
The Westgate Alliance, a joint venture between Land Securities and the Crown Estate, have appointed BDP as lead architects.
Meanwhile, The Buchanan Partnership has revealed its vision to further strengthen Buchanan Galleries‘ in Glasgow by creating 1.2 million sq ft of retail and leisure space with 2,000 jobs also being created.
John Lewis and Marks & Spencer flagships will anchor the new development, which will eventually house over 100 shops, 25 restaurants and a multi-screen cinema.
CACI research shows that Glasgow‘s consumer spending potential is expected to reach £2.59 billion by the time the new Buchanan Galleries opens in 2017, whilst annual footfall is expected to rise to 27 million– up from 18.5 million people today.