Luxury fashion brands have been migrating northward from Old Bond Street to New Bond which, pre-pandemic, was the most expensive shopping thoroughfare in Europe.
near Brook Street, and occupies the corner unit of a new, mixed-used development overseen by Great Portland Estates. It will sit alongside non-retail businesses including Glencore and KKR, which have pre-let 111,100 square feet of office space for their respective European headquarters.
In its report, Savills said that investor appetite for Bond Street overall remains “strong,” with prime yields holding at their pre-pandemic level of 2.75 percent. Those yields are far higher than key streets in the West End, which have declined since the pandemic. The funding, it said, would help the overall district bounce back from the pandemic by diversifying the offerings to include more multipurpose spaces, experiential shopping and public areas.
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