Trio of luxury retailers commit to Royal Exchange
A trio of luxury retailers have committed to The Royal Exchange in London, signing new long-term leases at the Square Mile shopping destination.
Both British watchmaker Bremont and handbag maker Aspinal of London have signed 10-year renewals for their stores – which are 380 sq ft and 280 sq ft respectively.
Meanwhile, jeweller Tiffany & Co has extended the lease on its 1,900 sq ft boutique until 2038.
The 458-year-old trading centre was acquired by Ardent UK in autumn 2022 in a deal worth around £50m from Oxford Properties.
Andrew Hilston, managing director of Ardent UK, said: “The long-term commitments made cement the Royal Exchange’s position as the City’s leading luxury retail destination.”
This follows the recent agreement to bring former D&D London CEO Des Gunewardena’s restaurant project to The Royal Exchange later this year. The project is Gunewardena’s first since his departure from D&D.