INDUSTRY NEWS

London’s West End defies talk of recession

Footfall in the West End of London has increased by nearly three per cent since last year despite widespread reports of recession.

The New West End Company has revealed data which showed the area easily out–performed the national footfall average of -0.1 per cent, Property Week has reported.

The company’s Jace Tyrell said it had seen strong international interest "backed by two bank holidays’ worth of spending".

The company promotes the capital’s West End, including Bond Street, Oxford Street and Regent Street, all prime locations for commercial property in London.

Mayor of London, Boris Johnson, congratulated the area for its strong performance and said it must "have an edge over the competition if more and more of the discerning French and Italians are choosing to visit our capital".

"In a challenging economic climate hitting the UK retail sector it is encouraging to see an increase in visitors to the West End and particularly from Western Europe," he added.

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