×
6 518
Fashion Jobs
HOLLISTER CO. STORES
Hollister CO. - Graduate Manager in Training, George Street
Permanent · Edinburgh
HOLLISTER CO. STORES
Hollister CO. - Graduate Manager in Training, Braehead
Permanent · Renfrew
JOHN LEWIS
Section Manager Warehouse
Permanent · WEYBRIDGE
HARRODS
Concessions HR Manager
Permanent · LONDON
HARRODS
Stock Operative
Permanent · LONDON
HARRODS
Restaurant General Manager
Permanent · LONDON
HARRODS
CRM Executive Customer Data
Permanent · LONDON
OYSHO
New Store Opening - Oysho White City - General Manager
Permanent · LONDON
HARRODS
Uniformed Security Officer
Permanent · LONDON
HARVEY NICHOLS HEAD OFFICE
Ecommerce Director
Permanent · LONDON
NEXT
Sales Coordinator - Galashiels
Permanent · HUDDERSFIELD
SPORTS DIRECT
Loss Prevention Supervisor
Permanent · LEICESTER
SPORTS DIRECT FITNESS
Assistant General Manager - Everlast Fitness
Permanent · BURY ST EDMUNDS
SPORTS DIRECT FITNESS
General Assistant - Everlast Gyms
Permanent · BURY ST EDMUNDS
SPORTS DIRECT FITNESS
General Manager - Everlast Fitness
Permanent · RUGBY
EVERLAST GYMS
General Manager - Everlast Fitness
Permanent · STOKE-ON-TRENT
AESOP
Retail Consultant | Full-Time | Aesop st James Quarter, Edinburgh, Scotland
Permanent · London
HEAD OFFICE
Merchandise Planner – Food & Grocery Merchandising
Permanent · BRACKNELL
HEAD OFFICE
Digital Product Manager
Permanent · LONDON
NEXT
Delivery Coordinator - Llandudno
Permanent · LLANDUDNO
NEW LOOK
Sales Manager
Permanent · STRETFORD
EVERLAST GYMS
General Assistant - Everlast Fitness
Permanent · NETHERFIELD
Ads
Published
May 7, 2018
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Burlington Arcade sold for £300 million

Published
May 7, 2018

Thor Equities and Meyer Bergman have exchanged contracts on the sale of London’s historic Burlington Arcade to private investors the Reuben brothers for £300 million. The arcade has been on the market since last year with estimates at one point that it could sell for over £400 million.


Burlington Arcade



The shopping destination, which is the best known of a number of heritage shopping arcades in London, houses a wide selection of luxury retailers. They include Chanel, Mulberry, Manolo Blahnik, Vilebrequin, Church’s, Penhaligon’s, La Perla, and N Peal. Sophie Hulme also has a pop-up there.

The sale comes after a number of major upgrades to the arcade. “After repositioning and restoring the Burlington Arcade to its former glory, we felt the time was right to sell this historic landmark,” said Joseph Sitt, CEO of Thor Equities.

Since acquiring the property for £104 million in 2010, Thor Equities and Meyer Bergman have invested in boosting its luxury appeal. Redesigned by British architect Jamie Fobert, it now features stone floors sourced from English quarries, as well as restored original details including the building’s upper arches.

The arcade has long been popular with high-end names but its overall profile used to be more traditional and geared towards product areas such as jewellery and cashmere knits. But a turning point came in 2014 when a string of Chanel-owned names opened there, including swim and lingerie label Eres, watchmaker Bell & Ross, milliner Maison Michael, and knit label Barrie

The ongoing growth of the luxury sector, London’s status as a tourist magnet, and consumers looking for something different have further added to its appeal.

The Burlington Arcada first opened in 1819 and is the longest covered shopping street in the UK, uniting Piccadilly and Bond Streets in the heart of Mayfair. With around 37,000 sq ft of retail space and a combined frontage of over 1,100 ft, it attracts over 4 million visitors a year. It’s also a popular location for movies and TV shows and featured in Patriot Games, 1010Dalmatians, My Week With Marilyn, and Jeeves and Wooster, and Poirot.

Copyright © 2022 FashionNetwork.com All rights reserved.