Great Portland Estates PLC GPE announces TK Maxx Flagship Lease
March 11 2024 - 2:00AM
RNS Regulatory News
RNS Number : 2221G
Great Portland Estates PLC
11 March 2024
11 March 2024
GPE
announces TK Maxx signs up for new 22,500 sq ft London flagship
store at Mount Royal, W1
GPE has announced today that TK Maxx,
Europe's leading off-price apparel and homeware retailer, has
signed up for its latest London flagship store, at Mount Royal,
508/540 Oxford Street, W1. The brand's new space comprises 22,500
sq ft across the ground and first floor levels, with 70 ft of
Oxford Street frontage. This will be TK Maxx's second store on
Oxford Street, and their first store west of Oxford Circus, having
traded successfully from the street since 2019.
Further to TK Maxx committing to its
latest store at Mount Royal, the high street health and beauty
retailer, Superdrug, has also recently re-geared its retail lease for their 8,000 sq ft store at Mount
Royal, committing to another 10 years for this location at the
western side of Oxford Circus. GPE 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 this year.
Sarah
Goldman, Head of Retail at GPE, commented:
"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."
Contact details
Sarah Goldman
Head of Retail
+44 (0)
7435 989 967
Yasemin Kiani
Corporate Communications
Manager
+44 (0) 7435 989 963
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