The City’s Royal Exchange nearly fully let following new arrivals

The Royal Exchange in the City of London has now reached 96% occupancy following the arrival of four new tenants at the scheme.

Skincare specialist Dr David Jack has taken a 10-year lease for a new store and clinic fronting onto Threadneedle Street, which is set to open this summer. Meanwhile, Rosslyn Coffee has signed a 15-year lease for the neighbouring unit.

Also set to open at The Royal Exchange is luxury footwear brand Horatio, which will make its bricks-and-mortar debut on Cornhill, as well as bespoke tailor Sartoria dei Duchi, which will relocate from Jermyn Street to the remaining internal retail unit.

The new signings complement recent long-term commitments at The Royal Exchange from the likes of Tiffany & Co., Bremont, Omega, Montblanc, and Hermès. Former D&D CEO Des Gunewardena will also soon open his Engel and Jang restaurant, bar, and event space concept within The Royal Exchange’s mezzanine area.

Andrew Hilston, managing director of The Ardent Companies UK, which acquired the retail element of the scheme in 2022, said: “It’s great to welcome these four new arrivals, and particularly exciting to see The Royal Exchange approach full occupancy as a result. With its range of luxury retailers, new dining concepts and exciting bars, it is increasingly the beating heart of the City of London, and a major driver of the Square Mile’s ongoing resurgence.”

The Ardent Companies UK, alongside specialist asset manager Pave, has implemented a new leasing strategy and refreshed the advisory team, appointing agents at Bruce Gillingham Pollard and Savills.