Westfield confirms service charge reduction

Jan 2009 088 As reported last month, Westfield is cutting its service charge at its Shepherds Bush mall.

The shopping centre developer has reduced charges at most of its locations, and now confirms a 7% cut at Westfield London. Retailers had been complaining over the level of the charge, which will now be £12.98 per sq ft.

Westfield say that the reduction has been achieved by a cost reduction programme at the centre, but will "not make unnacceptable compromises on the delivery of a good quality service to shoppers and retailers". They also say that this reduction in charges brings them to a similar level to other shopping centres in the area, and that they intend spending a total of £4.5m on promotions in 2009 designed to increase footfall.

See previous lookwest coverage.

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