Page 13 - Glasgow Harbour Board Proposal 2018

The principal catchment for Lifestyle Outlets Glasgow will extend from Ayr in the south to Falkirk in the east and Stirling in the north-east.
At maturity, a 250kft2 outlet centre at Lifestyle Outlets Glasgow will attract expenditure potential of £500m. With an appropriate retail offer, 22% of this expenditure will convert into ‘mature’ turnover of £108m excluding VAT (in 2014 prices). Tourists and linked trips visitors will account for approximately 24% of total turnover (37% F&B turnover).
Due to the site’s excellent location, proposed leisure adjacencies, extensive catchment and tourism potential, sales density performance is expected to be signi cantly better than UK average (£280/ft2). FSP estimates sales density of £433/ft2.
In conclusion, Lifestyle Outlets have clearly identi ed a strong opportunity for an outlet centre at Lifestyle Outlets Glasgow. The FSP report together with the fact there are 20 million day visitors p.a. to Glasgow will create a compelling and coherent leasing argument that will convince target brands of both the scale of trading potential and limited cannibalisation.
Source: FSP, 2018
54%
of Scotland’s population live within 60 minutes drive of Glasgow
10
minute drive from M8
At maturity, a 250kft2 outlet centre at Lifestyle Outlets Glasgow will attract expenditure potential in excess of
£500m
8
minute walk from Partick Interchange
20m
day visitors per annum to Glasgow
24%
of turnover will come from tourists and linked trip visits
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