We use cookies to give you the best personal experience on our website. If you continue to use our site without changing your cookie settings, you agree we may place these cookies on your device. You can change your cookie settings at any time but if you do , you may lose some functionality on our website . More information can be found in our privacy policy.
Please provide more information.
Stylus no longer supports Internet Explorer 7, 8 or 9. Please upgrade to IE 11, Chrome, Safari, Firefox or Edge. This will ensure you have the best possible experience on the site.
Brief Published: 20 Jan 2014

Outlet Retail at London Music Venue

Extra
Outlet Shopping Centre will be built at The O2 London

American-owned sports and entertainment specialist AEG Europe plans to add a luxury outlet retail venue to its famous London arena, The O2. The venture will be undertaken in conjunction with British property company Land Securities. While the project is still a work in progress, plans have already been approved for 230,000 sq ft of space on the ground and upper levels of the arena (originally designated for a casino) to be converted into retail space.

Located in south-east London, a currently unused section of the venue formerly known as the Millennium Dome will be transformed into a sought-after retail destination housing more than 100 stores selling designer goods at discounted prices.

The developers have expressed an aim to attract luxury brands such as Dior, Louis Vuitton and Dolce & Gabbana – indicating that the space could pose competition to existing outlet groups such as Value Retail, owners of the popular Bicester Village site based just outside London. Bicester currently attracts thousands of wealthy foreign tourists each year.

The O2 is already home to a 20,000-capacity indoor arena, hosting huge concerts for artists and bands such as Fleetwood Mac and Beyoncé, as well as a nightclub, exhibition space, restaurants and bars. The addition of the retail space is expected to draw more visitors to the venue during the daytime and bolster its reputation as a multi-purpose leisure destination. The launch date is still to be confirmed.

For more on the growing trend for multi-faceted retail/leisure hubs, see Hybrid Retail and Mall Worlds in the Future of the Store Industry Trend. See also GQ Brings Barber to NY Sports Venue for another example of entertainment venues courting the retail dollar.

For more on discount retailing, look out for our report Outlet Retailing, publishing at the end of February. 

PANTONE®TPX
COATED
RAL
RGB
HEX
NCS