REG - Great Portland Ests. - GPE announces TK Maxx Flagship Lease

Great Portland EstatesAnnouncement

11/03/2024 07:00

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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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