Landsec presses on with £45m Gunwharf Quays investment

14th December 2023 | Jack Oliver

Landsec has submitted a second planning application to Portsmouth City Council as part of a £45m investment into Gunwharf Quays.

The proposals focus on Marlborough Square, one of the scheme’s main points of arrival.

The plans include improvements to the entrance tunnel used by visitors arriving via Portsmouth Harbour train station or from the Portsmouth Historic Dockyard. Landsec is also looking to improve the area’s aesthetics, shopfronts, public realm, and landscaping, whilst adding more seating and facilities to improve dwell time.

Landsec has already submitted an application detailing improvement works for Gunwharf Quays’ The Avenues, which has since been approved.

The real estate investment trust announced the development in June alongside investments into St David’s in Cardiff and Trinity Leeds.

Landsec said the Gunwharf Quays development will enhance the look and feel of the centre to create a more memorable experience for shoppers, attract more guests, and deliver more value for brand partners. The investment is expected to increase turnover at the site by over a third during the next five years.

Pablo Sueiras, head of retail asset management at Landsec, said: “This submission marks another milestone in our long-term investment in Gunwharf Quays. We’re focused on making improvements to every part of our guests’ experience so it becomes an even more compelling and unique all-day-out destination and provides a unique environment for our brand partners to flourish.

“These plans and our ongoing investments across our UK-wide destinations demonstrate just how much retail is a force for good. With our ongoing sustainability actions and our strengthened local partnerships, we can continue to create value for our brand partners, local communities and the environment.”


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