Trio of tenants sign for Chelsea’s One Twenty King’s Road

10th July 2024 |

London-based real estate investment firm Crosstree Real Estate Partners has signed a trio of tenants to its One Twenty King’s Road Development in Chelsea.

Crosstree has transformed the formerly redundant and out-of-date Kings Walk Shopping Centre into a green mixed-use development, which has seen the space increase from 55,000 sq ft to 84,000 sq ft to incorporate a wide mix of uses, including retail, office, and leisure space.

Leading the signings is Whole Foods Market, the Amazon-owned multinational supermarket chain, which has signed a 15-year lease to occupy 21,000 sq ft on the ground floor and basement.

Also joining the development is apparel, footwear, and accessories group BasicNet, which has signed a 10-year lease for 6,500 sq ft of space. The store will showcase the likes of outerwear brand K-WAY, trainer brand Superga, and heritage leather shoe brand Sebago.

In addition, Crosstree has also let 37,000 sq ft of office space to a single global corporate occupier on the first to fourth floors.

James Clarke, development director at Crosstree Real Estate Partners, said: “One Twenty King’s Road follows our One Berkeley Street development in Mayfair in bringing a high quality, highly sustainable mixed-use development to a prime London location. While the ground floor space has been designed to complement the existing strength of the King’s Road by attracting new brands such as K-WAY, Superga and Sebago, the significant volume of office space on the upper floors brings something different to Chelsea.”

Crosstree acquired the building in December 2019, before receiving planning consent in 2021 and completing construction in August 2023. The development is now 75% let, with negotiations underway on the last unit, a 19,500 sq ft retail space.

Crosstree was advised by Savills and CBRE on the retail lettings, and CBRE and Pilcher London on the offices. Thomas Pain & Company represented BasicNet.


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