3 392
Fashion Jobs
Jul 9, 2015
Download the article
Click here to print
Text size
aA+ aA-

Retailer-owned stores on Bond and Oxford Street on the rise

Jul 9, 2015

The amount of shops owned by retailers on Bond Street in London has risen by 28% over the last two years. For Oxford Street, the number is 7%, according to Savills.

New West End Company

Retailers now account for 22% of Bond Street ownership. The only group that owns more is overseas investors, at 31%. Of all the spaces under retail ownership, 50% are owner-occupied - including Prada, Louis Vuitton and Chanel.

The only retailer that has invested on the street but has no stores under occupation is Bestseller. Anthony Selwyn, head of Central London retail at Savills, says: “On Bond Street the increase in retailer ownership is in part about protectionism and being able to have some control over occupation. Furthermore, the future rental growth story has also encouraged investment by brands, which is reflected by retailers on the street owning additional stores they do not occupy."

On Oxford Street, retailers now account for 14% of current ownership, and 31% are owner-occupied by retailers such as Calzedonia and H&M.

Copyright © 2023 FashionNetwork.com All rights reserved.