Westgate Oxford celebrates positive impact on local economy
The new Westgate shopping centre that launched in Oxford a year ago has released data to show that its opening has led to an 8.9% rise in footfall in the city year-on-year.
A joint venture between Landsec and The Crown Estate, Westgate's data reveals that the centre has welcomed over 19 million visitors since opening and created over 2,000 permanent full-time jobs.
Scott Parsons, managing director of Landsec’s retail portfolio, said: “The centre has brought vast social, economic and environmental benefits to the city and we are proud to celebrate these achievements as we showcase a best-in-class retail and leisure mix."
The data shows that Westgate’s leisure outlets have been one of the main pulling points for customers, with the centre seeing 51% of spend generated in the evening. This has also helped dwell time with 64% of visitors staying for over an hour. The centre features a boutique cinema, 12 restaurants and bars, and a roof terrace.
Hannah Milne, director of The Crown Estate’s regional portfolio, said: “A year on from launch, we’re delighted to celebrate the role Westgate Oxford is playing in the success of this historic city. Westgate has been a game-changer, bringing world class retail, restaurants and leisure to a previously under-served area and helping to unlock broader value for the local community.”
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