Oxford Properties purchased the Grade I listed building in the heart of the City of London in 2013 and have taken a strategic approach in promoting the scheme as the only contemporary luxury shopping destination. Having spent the first 18 months understanding the needs of the customers, they have welcomed five new retailers to the scheme in 2016 as part of the repositioning of The Royal Exchange.
Aspinal of London, Grind & Co, Orlebar Brown, Halcyon Days and TD Tom Davies have acquired units in the 46,241 sq ft 16th century building, which is flanked by Cornhill and Threadneedle Street, converging at Bank junction.
TD Tom Davies, a luxury eyewear brand, is set to open its fourth store at The Royal Exchange this autumn, alongside the jewellery retailer Halcyon Days which opened its first store in the City earlier this week. The brands will be joining other new retailers to the scheme, including Orlebar Brown and Aspinal of London, who signed a new five-year lease in June following a successful period running a Christmas pop up store at the scheme.
Jonathan Harley, Associate Asset Manager at Oxford Properties, said: “We are delighted to announce so much activity over the last nine months. The Royal Exchange is home to an unrivalled collection of contemporary and luxury brands, and is where the City converges to meet, eat and shop. We are confident the introduction of Aspinal of London, Grind & Co, Orlebar Brown, Halcyon Days and TD Tom Davies will add a complementary offering to the products and services currently available within the iconic building.”
CBRE acted as leasing agent for Oxford Properties. Steven Stedman, Executive Director, Central London Retail at CBRE, said: “The Royal Exchange is part of the very fabric of London and its bustling location makes it an ideal base for both luxury retailers and exciting restaurant brands. The five new tenants will further enhance what is already a diverse offering.
“The Royal Exchange team has been able to attract the right brands to appeal to the City demographic, many of whom are new entrants to the City market, and I have no doubt that they’ll prove to be a success.”