Our reshaped strategy announced in July 2018 focuses on three key pillars to elevate and accelerate performance:
A resolute focus on winning destinations, incorporating:
Optimised pan European portfolio with up to 60% exposure to continental Europe and Ireland
Ongoing commitment to a leaner, efficient cost base.
Step-change in retailer space allocation. Reducing space dedicated to department stores and high street fashion and replacing with strong demand from differentiated brands, leisure and events space.
Ongoing investment in specific initiatives, guided by our Product Experience Framework, to differentiate and enliven our destinations, drive shopper footfall and improve catchment sales for our retailers.
We continue to manage and control our costs, both operational and financial, and optimise our capital to support the delivery of our reshaped strategy.
We remain committed to our existing balance sheet guidance and will deliver over the medium term.