London Luton Airport (LLA) has launched a major new commercial tender programme as it more than doubles the amount of retail space at the airport to over 93,646 sq ft (8,700m²).
The new retail space, comprised of 48 units, forms part of the £100m (US$154m) redevelopment of the airport, aimed at raising its annual passenger capacity from 12 to 18 million passengers.
The airport says 47 new units, comprising over 75,347 sq ft (7,000m²) of space, will be split into four distinct zones: Luxury, Affordable Luxury, High Street and Food & Beverage. This approach is designed to offer retailers the best adjacencies for their brand and maximise the impact of each store. The remaining unit will be an 18,300sq ft (1,700m²) walk-through Duty Free store.
Rupert Lawrie, Commercial Director at London Luton Airport, commented:
“The launch of our commercial tender programme is another significant milestone in our £100million transformation of LLA. Doubling the size of our retail space and bringing in new fashion and catering concepts is central to our plans to give passengers the best possible experience.
“Travel retail is one of the most attractive categories for brands. Not only does it promise profitable stores, but the broad catchment of airports represents a fantastic brand-building opportunity. We’re very excited by the level of interest in the so far, particularly from luxury and premium fashion stores.”