Tk Maxx signs for Oxford Street flagship at Mount Royal

GPE has announced that Tk Maxx has agreed to open a London flagship store at Mount Royal, 508/540 Oxford Street.

Taking 22,500 sq ft across ground and first floor levels, the store will be the discount clothing retailer’s first Oxford Street store west of Oxford Circus, having traded on the street since 2019.

In addition to the Tk Maxx signing, health and beauty retailer Superdrug has recently re-geared the retail lease for its 8,000 sq ft store at Mount Royal, committing to the destination for another 10 years.

GPE said it has a further 20,000 sq ft of prime retail space under offer at the western side of Mount Royal, with further deals expected later in the year.

Sarah Goldman, head of retail at GPE, said: “We are thrilled that TK Maxx has selected Mount Royal for its latest London flagship, and that Superdrug has renewed its commitment with us for another 10 years. Both deals are a positive reflection of the growing investment into the western end of Oxford Street and contribute to the street’s ongoing retail transformation. The location speaks for itself, as these retailers are set to join other big-name brands and attractions including Primark, Frameless and the recently signed Moco Museum.”