Intimissimi has signed a new 10-year lease for its store on Oxford Street, marking a new record.
The Italian lingerie and underwear retailer has taken a new 10-year lease on its existing 2,635 sq ft store at 368-370 Oxford Street.
At £1,153 Zone A, the deal has set a new record rent for Oxford Street.
Savills worked on behalf of a private Hong Kong investor to finalise the letting.
Sam Foyle, Oxford Street specialist at Savills, said: "Intimissimi's re-commitment to Oxford Street shows that, despite some retailers' concerns about business rates increases, demand for the right store in the right location remains strong.
“Achieving a new Zone A record on a store over 2,600 sq ft further underlines the brand's confidence.”
BQ’s commercial property updates are supported by specialist lender Together, which provides funding to businesses and property investors nationwide. With over forty years’ experience in the financial services industry, Together offers short-term finance, auction finance, buy-to-let, residential and commercial mortgages and secured loans.
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