Savills appointed as Burlington Arcade leasing agent
Savills has been appointed by Tulliallan Burlington as the sole leasing agent on Mayfair’s Burlington Arcade luxury shopping destination.
Dubbed the ‘Jewel of Mayfair’, Burlington Arcade is the world’s oldest luxury shopping emporium and welcomes 4.5 million visitors every year.
The stores, or ‘houses’, are home to luxury fashion retailers, perfumeries, fine jewellers, leather goods retailers, and artistic hubs.
Burlington Arcade is host to flagship stores from the likes of Begg X Co, Globe-Trotter, N.Peal, Manolo Blahnik, Vilebrequin, and the world’s only OMEGA Vintage Boutique.
Richard Scott, director in Central London retail at Savills, said: “We are pleased to announce our appointment as the leasing agent for Burlington Arcade. London is a luxury powerhouse, and Mayfair is a lucrative market for premium brands looking to make the most of a concentration of wealthy residents in an affluent London neighbourhood, a trend that we have seen pick up pace following the pandemic and its confinement of domestic luxury spend. We can bring our Prime Global Retail network in the luxury world to this instruction, and look forward to working on the historic Arcade, home to some of the most esteemed brands.”