Gunwharf Quays impact report shows £145m brought to the local economy and over 2,700 jobs supported
'We’re helping businesses and communities thrive'
A report released by Gunwharf Quays’ owner Landsec has revealed the waterfront destination contributed over £145 million to the local economy last year.
The shopping centre impact on the community was shown in its social and economic impact report, demonstrating that it has helped to drive growth locally while also supporting more than 2,700 jobs in 2025.
Landsec have pointed to the figures as proof that it is more than just a retail and leisure destination as it supports business growth and creates jobs and pathways into employment. It also delivered just under £581,000 in social value in 2025 through investment in local communities and employment initiatives, including bursaries, community grants, volunteering and partnerships.
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Yvonne Clay, Centre Director at Gunwharf Quays, said: “Retail destinations are part of the fabric of the communities they serve. They help local businesses grow, create employment opportunities and provide places where people can come together, connect and spend time.
“The findings published today demonstrate the important contribution Gunwharf Quays continues to make to Portsmouth. By investing in the destination, supporting employment, working with community partners and operating more sustainably, we’re helping businesses and communities thrive.
“In turn, that attracts further investment, supports long-term growth and creates lasting value for the local area.”
Following the success of 2025, Gunwharf continues to look to improve in the future with plans recently announced to transform the harbour-facing Waterfront as part of a wider £45m investment project. It hopes that the new elevated space will enhance the experience for locals and tourists while also creating more jobs in the progress.
Another highlight of the report that the shopping centre is looking to build on is its sustainability. Last year it states it reduced its energy intensity by 30 per cent, helped by its rooftop solar PV scheme that completed in early 2025. It features 1,287 panels and is expected to generate 550,000 kWh annually - enough to power 135 UK households, charge 225 electric cars, and save 115 tonnes of carbon emissions annually.
At the start of 2026, brands such as HOKA, Piglet in Bed and Oliver Bonas have chosen to open their first UK outlet stores in Portsmouth helping to “strengthen its position as the UK’s leading waterfront outlet destination”.