We increase footfall wherever we operate and therefore many landlords want to partner with us. We share our experience and align with landlords to increase their contribution to development costs and agree on favourable commercial agreements in a win-win arrangement.
Gravity Wandsworth, for example, increased footfall by 25% at Southside Shopping Centre in the first 3 months since opening.
Gravity is well placed to accelerate its growth and we are seeing opportunities to close larger deals across the globe as companies seek to bring leisure brands into their portfolios without relying on revenue from retail, food and beverage alone. ‘Big-box’ leisure is expanding significantly in the U.S., and we see similar opportunities in the UK, Europe and Middle East. Bringing active leisure to city centres locations is essential for the financial health and sustainability of prime real estate, following the pandemic restrictions and steady decline of high street retail chains.