London’s King’s Cross shopping area has posted double-digit sales growth across the estate.
The retail destination, which is near to King’s Cross Station, reported the Coal Drops Yard space has posted a 20% year-on-year increase in sales as demand for its retail and leisure offer continued to grow.
Recent openings including Uniqlo, Joe & The Juice and Midnight Pantry helped boost footfall and customer spend.
Across the wider King’s Cross estate, total sales rose by 13.5%, with retail sales increasing by 16% and food and beverage up 10%.
The Group said growth was driven by changes to the tenant mix and a series of high-profile openings, including Atis, Bubala and competitive socialising concept Electric Shuffle.
“Whilst I’ve only been at King’s Cross for a short while, I am proud to see such impressive sales growth at this already proven location over the last year, especially given the current economic backdrop,” said The Kings Cross Group head of retail Jane Macdiarmid.
“These results demonstrate the effectiveness of our evolving retail strategy and put King’s Cross in a fantastic position for the year ahead.”
Looking ahead, as development at King’s Cross nears completion, new leasing opportunities have become available, including 20,000 sq ft of retail space in the Parkside area of the estate.
It understood around half of that space, 10,000 sq ft, is currently under offer, serving an area where approximately 15,000 people now live and work.
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