Crossrail news and archive

The impact of Crossrail on retail in the West End

The delays of opening Bond Street on the new Elizabeth Line have finally come to an end, with the Crossrail officially open for business today. Joanna Lea, Director of Retail at Grosvenor Property UK, comments: “Today’s opening of Crossrail at Bond Street is welcome news for the West End and will provide a significant boost for the retail and...

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Business

Crossrail delayed until autumn 2019

The new underground line through central London, the Elizabeth Line, will be delayed by nine months, Transport for London stated to allow more time for testing. The Crossrail route, which has been constructed to ease London’s congestion problems, as well as connecting key landmarks such as Bond Street, Heathrow Airport and Canary Wharf, had been...

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Business

Crossrail to boost London's West End with billions

Crossrail is to connect a new consumer group to London and is expected to boost Oxford Street retail by 1 billion pounds after completion in 2020. Whereas initial estimates by the New West End Company were an extra 1.5 billion pounds for just Oxford Street per year, the growth will see its value increase by generating 6 billion pounds per year....

Retail

Retail revenues to benefit from Crossrail spending

Retailers in London’s West End and the surrounding areas are set to benefit from a 10 million pound revenue spending boom within a year of the opening of the Crossrail in 2018, according to new research from New West End Company. The New West End Company, the business voice of 600 businesses across Oxford Street, Bond Street and Regent Street,...