The mall in West London's Shepherds Bush also saw spending in the run-up to
Christmas soaring by 18 per cent compared with the same period in 2008 when the
UK was in the grip of recession.
The sales hike last month compared with a 6.1 per cent rise in west End
Shoppers spent £700m at Westfield last year despite fears that it could
struggle as shoppers tightened their belts.
Westfield UK's managing director Michael Gutman said: "We’re delighted with
the number. We had a very good Christmas. When we started Westfield it was
a green field location with no trading and we opened in the teeth of a very
serious downturn. We’re now seeing a strong performance in London as the
building establishes itself. People understand the offer now.”
But Gutman said despite the figures showing a better performance than the
west End he haas no intention of trying to replace it.
He added: "I don't look at it as an alternative to the West End. I think
there's a very large market in London and the South-East for everyone.
“There's an undersupply of quality retail space. Retailers have done their
cost-cutting and now they’re thinking about growth but there are limited
opportunities for flagship stores in London.”
Westfield is planning to open a new mall next to the Olympic park in
Stratford in under two years.