Unique shipping container retail park brand appoints KPMG to spearhead expansion
KPMG Corporate Finance has been appointed to review investment proposals to expand the Boxpark brand with a further 10 sites in the next five years.
This follows on from growing revenues and footfall for Boxpark across its sites in Croydon, Shoreditch and Wembley. The group is expecting to expand both nationally and internationally in the following years.
Since the opening of Boxpark Shoreditch, the retail and leisure industry group has increased revenues year-on-year, with a 54 per cent rise growth 2018 and 2019.
It is anticipating further growth across its operating sites within the next year, while other opportunities are said to be popping up with projected 2020 sales standing at £15m.
Boxpark’s first development, in Shoreditch, launched in 2011. It was followed by the Croydon site in 2016, and Wembley’s in 2018. They have all since created jobs for local traders and communities.
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, with 20,000 sq ft of events space.
Boxpark was founded by Roger Wade and is a food and retail park business made from refitted shipping containers. Roger described it as the “world’s first pop-up mall”.
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