Belgravia remains a magnet for international luxury brands

Written on 12 December 2016 by Alistair Boscawen in News


The prime streets of London continue to draw in international luxury brands, with over 75 new retail entrants in 2016 alone. 

As confirmed by new research, London’s global reputation as a retail property haven is alive and well, with two thirds of new retailers in 2016 coming from Europe.

International luxury brands drawn to BelgraviaTwenty of the entrants are categorised as luxury brands, and typically gravitate towards Belgravia, Mayfair and Chelsea.

Some retailers hail from the US, including an upmarket bakery chain which has chosen to open its first European store, Dominique Ansel Bakery, on Elizabeth Street in Belgravia.

This research shows that while domestic retailers continue to flock to the prime streets of London, luxury brands from abroad remain eager for a slice of the central London retail market.

Head of UK Retail CBRE, Phil Cann, said: “London remains the most attractive destination for a first UK presence, and the range of retailers expanding their
portfolios here is proof of the capital’s draw.

He continued: “For both domestic and international brands, the continued investment in London’s prime shopping areas will ensure they remain a magnet for new openings as we head into the New Year.”

For more on this story, click on the link below:

Business Matters Magazine

 

Alistair Boscawen

Alistair has 32 years’ experience as an estate agent, starting in the country house department of one of London’s main international agencies before moving to the Knightsbridge house department of the same agency and learning the difference in values between freehold, long lease and short lease houses in Knightsbridge, Belgravia, Chelsea and Mayfair.

All articles by Alistair Boscawen

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