London home of Ralph Lauren one of £260 million of Bond Street buildings up for saleComments Off on London home of Ralph Lauren one of £260 million of Bond Street buildings up for sale
Ralph Lauren’s London flagship is one of £260 million of Bond Street buildings put up for sale this week, as landlords look to capitalise on investor frenzy for the prime shopping strip.
The Evening Standard can reveal that the Middle Eastern owner of 143 New Bond Street has hired agents Michael Elliott and Wetherell to seek £30 million for the building.
The 11,857 square feet property includes shop and office space, and is let to businesses such as the American fashion group Ralph Lauren.
It comes as two other landlords have decided to sell up on the street which is home to numerous luxury brands such as Amanda Wakeley, Christian Dior and Mulberry.
They have been tempted to sell owing to a surge in occupiers and wealthy overseas investors wanting to buy property on the street where retail rents are amongst the highest in London.
At 139 New Bond Street, antique jewellery dealer S J Phillips has appointed Levy Real Estate to sell its interest there for £70 million. It has been the firm’s home since 1966.
Meanwhile property news website Costar reports that the UK flagship store of British fashion house Alexander McQueen at 5 Old Bond Street has hit the market with a £160 million pricetag.
It is being sold by pension fund NFU Mutual.
The West End attracts some 200 million shoppers every year spending over £7.6 billion.