Following record revenues and growing footfall across Boxpark sites in Shoreditch, Croydon and Wembley, management has appointed KPMG Corporate Finance to review investment proposals to expand the business nationwide and internationally, following recent interest from prospective partners.
KPMG’s appointment follows last week’s announcement which confirmed JLL’s appointment to secure ten new sites for Boxpark over the next five years.
Since opening Boxpark Shoreditch, the retail and leisure industry pioneer has continued to buck current market trends. With the continued decline of the high street and many F&B and retail traders struggling to maintain growth, Boxpark has increased revenues year on year, with 54% revenue growth between 2018 and 2019.
Featured in The Sunday Times Virgin Fast Track 100, Boxpark is anticipating further growth across its sites over the course of next year. With a number of exciting opportunities already in the pipeline across a number of sites in London, and throughout the UK, Boxpark has forecast sales of £15 million in 2020.
Boxpark’s first development in Shoreditch launched in 2011, followed by Boxpark Croydon in 2016 and Boxpark Wembley in 2018, creating hundreds of jobs for local traders, rejuvenating local communities and creating a social environment for residents to enjoy. These shipping container inspired leisure destinations have been at the centre of community regeneration and place-making projects and have played a key role in the redevelopment of Shoreditch, Croydon and Wembley.
The most recent development, Boxpark Wembley, is a joint venture between Boxpark and residential landowner Quintain and reveals the latest iteration of the Boxpark concept. This is the largest site to-date boasting 20,000 square feet of dedicated events space and establishing the venue as the ultimate fan zone. Offering an immersive food, drink and leisure experience, Boxpark Wembley epitomises the Boxpark philosophy of Eat. Drink. Play.