Landsec commits £45m investment in Gunwharf Quays

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Landsec commits £45m investment in Gunwharf Quays
Gunwharf Quays owner, Landsec, has submitted a planning application to Portsmouth City Council as
part of a £45m investment to improve the look and feel of the centre, create a more memorable
experience for visitors and build on its position as the UK’s leading waterfront outlet shopping destination.
The first phase focuses on The Avenues – home to 42 premium retail brands and visited by 6.4 million
people that come to Gunwharf Quays’ each year. Proposed works include new flooring, lighting and
décor upgrades, and updated signage to improve the guest experience.
In addition to these works, Gunwharf Quays has committed to installing a new solar PV system in Spring
next year, which supports its ambitions to improve energy efficiency, lower its carbon emissions and
have a more positive impact on its surrounding environment.
Yvonne Clay, Centre Director at Gunwharf Quays commented: “Gunwharf Quays is already a special
place that brings people, premium retail and great dining experiences all together in the only destination
of its kind in the UK. We want our guests to enjoy a memorable experience from the moment they arrive,
to when they leave, and when they come back to visit us again.
“These improvement works will ensure our retailers continue to flourish and benefit from an environment
that best helps them to connect with their customers. This investment demonstrates our confidence that
retail and Gunwharf Quays will continue to be a key contributor to creating long-term value for
Portsmouth.”
If approved, works to The Avenues will commence in early 2024 and complete in early 2025.
The planning submission follows Gunwharf Quays’ newly announced partnerships to support young
people into employment opportunities. Gunwharf Quays is joining forces with Ahead Partnership to
deliver education and work experience-led programmes for local young people in Portsmouth. In a three-
year commitment with Portsmouth University, Gunwharf Quays will provide bursary support for students
studying courses related to retail and real estate.
The partnerships are funded by Landsec’s new social impact programme, Landsec Futures, a £20m fund
which aims to bring more value to the communities where Landsec invests.