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.
Twenty 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: