Retail Property Insights

Hammerson’s Bullring & Grand Central ‘flight to quality’ continues with a strong start to 2024 

14th February 2024

Hammerson has announced that footfall at Bullring & Grand Central continues to increase year on year with strong visitor numbers continuing through January, reflecting the group’s focus on its repositioning of the asset.  Overall, footfall at Bullring has increased by 6% in January 2024, compared with a year earlier, reflective of the influx of new store openings (totalling 200,000 sq ft) and entertainment offers the group introduced last year. This further endorses the quality of Hammerson’s unique city centre portfolio which is fast evolving into vibrant 24/7 estates, part of the fabric and infrastructure of the city. High profile additions included Nike, which opened its first-ever ‘Rise’ concept store outside of London at Bullring, Inditex’s Bershka and Pull&Bear, who made their regional debuts, TAG Heuer’s first ever boutique in Birmingham, and M&S’s new 65,000 sq ft food-led flagship – its largest in the Midlands. Sports and streetwear brand, JD, led a number of important upsizes and expansions, after more than doubling its footprint with a new 27,500 sq ft store. This is now its best performing in the region, including Manchester and the West Midlands. Goldsmiths also upsized to a new 8,000 sq ft boutique meeting high-demand for jewellery, which continues to be a top performing category across Hammerson’s portfolio. ...