Pandora to take new space on Oxford Street
Positive news for an underperforming Oxford Street. The UK capital’s important retail destination, which is suffering lower footfall and is to lose 1 million sq ft of retail space to offices in the next five years, will welcome a major retail attraction at the east end of the street later this year.
London property group GPE has announced the world’s largest jewellery maker, Pandora, has signed a lease for a new concept store at 70/88 Oxford Street, taking the retail space to 96% let.
Pandora will occupy the prime corner unit of the Oxford Street/Dean Street development, located directly opposite the Tottenham Court Road Elizabeth Line exit. The jewellery brand has acquired space across two floors, with double-height signage immediately visible from the station exit, said GPE.
The new unit will be Pandora’s third on Oxford Street, but its first one east of Oxford Circus. Pandora will join fashion retailer Reserved, occupying 19,645 sq ft, at the destination, set to open Q3 2023.
Sarah Goldman, senior portfolio manager for GPE said: “Pandora will add to the premium retail offering across our wider West End portfolio. Together with… Reserved, the development is becoming a prime destination on the doorstep of the Elizabeth Line station at Tottenham Court Road. We look forward to welcoming Pandora and to the buzz and attraction the site will bring to London’s West End this year.”
Copyright © 2023 FashionNetwork.com All rights reserved.