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In December we published our 2024 Forecasts, in this article we share the insights from our retail sector specialists on the outlook for the 12 months ahead. Retail David Fox – Co-Head of Retail Agency The general occupational flow towards top retailing destinations in the UK continued throughout 2023 and will continue in 2024. Quality space is pressured as various brands expand in the post-pandemic climate.
Luxury luggage brand Tumi is the latest iconic retailer to target London’s Knightsbridge for a new store. It is leasing 55 Brompton Road within The Knightsbridge Estate in a luxe neighbourhood which has already attracted the likes of Apple, Burberry, and Bimba y Lola, as well as UGG, who are also set to open their new flagship store later this year. Earlier this year, Tumi announced a collaboration with Formula One team McLaren.
Colliers has announced its appointment to the leasing team at Angel Central, CBRE Investment Management’s asset in the heart of Islington. Through an award-winning £16 million refurbishment in 2021, the destination added over 20,000 sq ft of bespoke retail and leisure space, and has incorporated UNIQLO, immersive crazy golf experience Birdies, and boutique fitness brand Frame into its line-up, amongst others.
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