The slowdown in the luxury goods industry has not stopped investors wanting a foothold on Britain’s most expensive shopping street.
Transaction volumes for properties on Bond Street in the West End of London reached £436 million in the second quarter, according to Savills, a 66 per cent increase on the previous quarter and more than four times the figure of a year earlier. Investment volumes on Bond Street accounted for 91 per cent of all central London activity in the quarter, the property agency said.
Alan Spencer, head of UK retail at Savills, said the increase in retail investment over the period was “a testament to the sector’s ability to adapt and thrive. As we continue to see significant interest from investors, it’s evident that