Landsec invests in the future of retail, plans for major retail destinations

Landsec has plans to invest significantly in its prime retail destinations across the United Kingdom to further enhance their positive growth outlook.

The investment will be led by a £45 million (€52 million/$57 million) transformation plan for Gunwharf Quays, which will see the Portsmouth-based shopping outlet cement its position as the United Kingdom’s leading lifestyle waterfront destination.

“We’re focusing our strategic investment on where we can drive growth and deliver attractive returns. Our prime, catchment-dominant retail destinations have recovered strongly since COVID and, through targeted investment, we’re ensuring they will remain in demand in the future for consumers and brands alike. We’re confident that best-in-class retail property can deliver high-single-digit to low-double-digit total returns in the current macroeconomic environment,” said Bruce Findlay, managing director, retail at Landsec.

The targeted investment plan, which