Sales Soar at Westfield

Shopping centre could also host magistrates' courts

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Sales at Westfield Shopping Centre rose by around 17% in the first half of this year, compared to the same period.

And as the Shepherd's Bush shopping centre prepares to celebrate its second anniversary in October, its MD says it is on track to achieve an astonishing £800 million in takings this year.

Westield is also beating the rest of London's retail sector which recorded sales growth of 9%.

Michael Gutman, managing director of Westfield UK, says:
" Westfield London's flagship stores, great design, diverse dining experiences, cinemas and live entertainment are continuing to draw customers from far and wide and the level of tourists at the centre in the summer has been exceptional."

Westfield says the opening of its 14-screen Vue cinema has helped pull in visitors and is now the chain's busiest multiplex in Britain.

The centre could also take on an additional role in future with a recent suggestion by the Magistrates' Association that vacant shops in centres such as Westfield could be used for "pop-up" courts to deal with petty criminals.

The centre's success has helped the company behind it, Sydney-based Westfield Group, which has 119 malls around the world, to make an overal net profit of £554 million, compared with a net loss of £408 million a year earlier.

A second centre in East London - Westfield Stratford City, next to the Olympic Park - is scheduled to open in September 2011 and the company says it has already let 70% of its space to retailers.

August 23, 2010