Retail sales soar at renovated Paddington station
Retailers who have set up shop in Paddington station have enjoyed a 40% increase in sales between April and June 2017, revealed the Network Rail on Thursday.
Growth has been boosted by the £13m redevelopment of The Lawn, originally the garden of the station master’s cottage at the back of the main station building which has been transformed into a thriving retail area.
Network Rail began the multi-million pound regeneration project in July 2015 and has delivered 16 new-and-improved retail units. The renovation was carried out ahead of the opening of Crossrail in 2018 and the completion of nearby regeneration projects such as the Paddington Opportunity Area.
Currently catering for 60 million visitors a year, Paddington is expected to bring in millions more station users by the close of the decade.
Tenants at Paddington Lawn currently include popular high street brands like Kiehls and Thomas Pink, as well as ‘grab and go’ casual dining food outlets including Leon.
“As footfall figures and retail sales at Network Rail managed stations continue to rise, the completion of Paddington Lawn gives commuters a new high-quality shopping experience. Convenience shopping has never been more popular, and our stations are becoming destinations in their own right due to the wide range of new retailers and food options available to commuters and visitors alike,” said Hamish Kiernan, commercial director of retail for Network Rail.
Network Rail has also recently refurbished London King’s Cross and Birmingham New Street, transforming the retail offer at these stations for visitors and their surrounding communities.
A further renovation project is being carried out at London Bridge station and is due for completion in 2018.
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