REG - Great Portland Ests. - GPE signs Gaggenau for new global flagship store

Great Portland EstatesAnnouncement

01/10/2024 07:00

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RNS Number : 3061G  Great Portland Estates PLC  01 October 2024

 

 

 

 

1 October 2024

 

GPE signs Gaggenau for new global flagship store at Orchard Court, W1

 

GPE has announced today it has let 6,900 sq ft of retail space on a 10 year
lease at 6/7 Portman Square, Orchard Court, W1 to luxury brand for
professional-grade home appliances, Gaggenau. The brand will relocate from its
current unit at 40 Wigmore Street, doubling its footprint occupying a
prominent position on Portman Square.

 

Gaggenau is set to commence extensive refurbishment works in the coming months
and it will be the anchor of GPE's newly marketed 'Portman & Wigmore',
which includes 1/9 Portman Square and 132/142 Wigmore Street, W1; creating a
striking new location for high end retail and showroom use. Gaggenau's
flagship will provide high-quality home appliances, with an emphasis on
innovation.

 

Sarah Goldman, Head of Retail at GPE, commented: "We are delighted that
Gaggenau will be opening its new flagship at Portman Square. As one of the
leading luxury home appliance brands, the decision to relocate from globally
recognised Wigmore St and increase its footprint within the West End
highlights the appeal of our central location at Portman & Wigmore, and
shows we are committed to strengthening the retail offer."

 

Simon Richmond, Head of Gaggenau UK, added: "Each of our new flagships around
the world offer a unique experience to our consumers as well as our customers.
We are excited to launch our latest flagship at Portman Square, W1. We have
always had a great confidence in this area of the West End and having
successfully showcased our products here for many years, we believe our
increased investment and presence in London will be well received in the
Capital."

 Great Portland Estates plc                                                                                                                                                                                +44  (0)  20  7647   3000
 Toby Courtauld, Chief Executive
 Nick Sanderson, Chief Financial & Operating Officer
 Stephen Burrows, Director of Financial Reporting & IR

 Sarah Goldman, Head of Retail

 Yasemin Kiani, Communications Lead

 FGS Global
 James                                                                                                                                                                                                     +44  (0)  20  7251  3801
 Murgatroyd
 Gordon
 Simpson

 

For further information see www.gpe.co.uk or follow us on X at @GPE_London

LEI Number: 213800JMEDD2Q4N1MC42

 

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