Gloucester outlet centre could be sold for £85m

6th November 2023 | Jack Oliver

Gloucester Quays could be put on the market with an £85m price tag, according to reports.

The scheme’s owner, Peel Lifestyle Outlets, has appointed Cushman & Wakefield to handle the sale, according to React News.

The centre was previously put up for sale in 2021 with an asking price of £105m.

Gloucester Quays first opened in 2009 following a £248m investment. It is home to brands such as Adidas, All Saints, Crew Clothing, FatFace, Jack Wills, and Ted Baker.

A further £60m development saw Cineworld open in 2009, as well as the arrival of a number of food and beverage operators. The scheme is now home to Bills, Cote Brasserie, Five Guys, Pizza Express, Nando’s, and TGI Fridays, amongst others.

Recent arrivals at the Gloucester development include Puma, Next Outlet, Roller Express, Claires, and pop-ups Calendar Club and Berrey’s Pick ‘n’ Mix.

However, the scheme has recently lost key tenants such as Gap, Calvin Klein, and Nike.


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