Grosvenor, the leading commercial property company in the UK, has had a highly successful year in securing retail leases. In the first half of the year, the company secured an impressive 36 retail and leisure signings or extended current agreements in prestigious retail areas such as Mayfair and Belgravia. Even more notable is the fact that Grosvenor’s London portfolio has consistently maintained vacancy rates below the average for prime central London.
Among the new retailers in Mayfair is Toteme, a well-known clothing brand that has recently opened its first European flagship store on Mount Street. Additionally, Xydrobe, a company offering a unique blend of physical and digital retail experiences, has also chosen a prime location at Carlos Place for its debut store.
Grosvenor has emphasized that a significant portion of their retail, hospitality, and leisure leases were renewals or regears, highlighting the continued appeal of the destinations they manage. Amelia Bright, Executive Director of Grosvenor’s London Estate, has emphasized that while location remains a crucial factor for occupiers, the company’s commitment to sustainability, neighborhood investments, and a partnership approach also play increasingly important roles. She believes that these considerations will continue to differentiate Grosvenor’s offerings in a challenging market landscape, ensuring their ability to support occupier success.
Overall, Grosvenor’s outstanding performance in securing retail leases reflects the high demand for prime retail spaces in London. The company’s strong focus on key destinations, sustainable practices, and strategic partnerships sets them apart in the competitive market and ensures their continued success in the industry.
Useful links:
– Grosvenor official website
– Grosvenor’s sustainable management approach
