central london news bulletin - q3 2014 | fsp

*30 ft zones Source:NashBond

• ItisreportedthatanIsraelibillionairehascompletedatakeoverofallfourCamdenmarkets-Teddy Sagi, a property tycoon and technology entrepreneur is now the owner of Camden Lock Market, Camden Stables Market in Chalk Farm Road, neighbouring Buck Street Market in Camden Town, and canal side site Hawley Wharf.

Hawley Wharf already has planning permission for a £300million redevelopment, which includes 170 homes, a revamped market area, an art-house cinema and a school which will start being built in January next year.

• BondStreetin£20millionmakeover-The luxury street will have its first major public realm improvement project in over 30 years. The plans include the redesign of the carriageway on Old and New Bond Street, which will increase pedestrian space up to 50% creating a “luxury promenade” for shoppers who currently have to navigate narrow and often obstructed pathways.

It will also introduce two-way traffic on New Bond Street and Brook Street and the lanes on New Bond Street will be reduced from three to two. Investment will also be spent on better access for people from the new Crossrail station which will open at Hanover Square.

• UKcloseto‘breakthrough’onChinesevisitorvisas-The Government is hoping to launch a pilot project in China which would allow potential visitors to Britain to submit their paperwork for a UK visa at the same time, and crucially in the place, as for a European Schengen visa. Britain has resolutely refused to join the Schengen system, which allows access to 26 European Union countries on a single visa but not the UK. It is hoped that a greater number of Chinese tourists will then be encouraged to apply for more than one visa.

in short

zone a movements the major streets

West end 2014 Q3 3 mnths 1 Yr 5 Yrs 10 Yrs

BONd STREET* £1300 8.3% 91.2% 185.7%

OxFORd STREET* £900 9.1% 16.1% 71.4% 100.0%

REGENT STREET* £650 30.0% 106.3%

KENSINGTON HIGH ST* £280 12.0% 1.8% 1.8%

PICCadILLy* £300 66.7% 106.9%

CaRNaBy STREET £485 2.1% 61.7% 125.6%

COv GaRdEN JaMES ST £840 2.4% 15.9% 61.7% 68.0%

HIGH HOLBORN £250 11.1% 51.5%

CHEaPSIdE £275 14.6% 10.0%

BISHOPSGaTE £280 1.8% 1.8% 16.7% 47.4%

SLOaNE STREET £825 73.7% 101.2%

KINGS ROad £475 5.6% 18.8% 13.1% 53.2%

BROMPTON ROad £660 10.0% 25.7% 28.2%

JERMyN STREET £300 5.3% 57.9% 172.7%

retail bulletinall the latest from nash bond & fsp OCTOBER 2014

central london

www.nashbond.co.uk www.fspretail.com

retail burn

retailers in london

retail neWs index

FSP’s Retail News Indicator tracks the sentiment of news about Central London retailers.

all news sentiment dipped, but has been increasingly positive towards the end of this quarter. The more significant dip in the sentiment of Clothing & Footwear news has narrowed the gap between all UK and all London.

FSP’s Retail database records good news stories about: Itsu which is expanding outside of its London heartland; Thomas Pink which won a legal battle against victoria’s Secret and posted results maintaining a healthy gross margin; Jimmy Choo with plans to list on the London Stock Exchange. Meanwhile, not so good news recorded for: Prada with poor half-year results; Nicole Farhi with the exit of creative director Jo Sykes; Bolongaro Trevor with rumoured administration

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C&FF&B ALL LONDON ALL UK

retail neWs indexup to June 2014

Source : FSP

Thomas Pink

opening closing

Source: FSP

www.nashbond.co.uk www.fspretail.com

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West end WeeklY footfall

Source : NWEC

FSP continuously undertakes research on customers and retailing in the West End. From this research the adjacent chart compares the merchandise category split in key streets, showing that Clothing & Footwear is typically the strongest single category. However, Central London streets have a variety of specialist and supporting roles; Knightsbridge, for example has a strong Food & Beverage offer, which enhances the upscale shopping experience for visitors.

the knoWledge

neW West end statistics

store opening

Galeria Melissa – the Brazilian footwear company opened their third global store in Covent Garden. The plastic shoe company has many capsule collections created by well-known designers including – Karl Lagerfeld, vivienne Westwood, Gareth Pugh and Zaha Hadid. The store at 5,500 sq ft, is the first European store and further outlets are planned in China together with the two current stores in New york and Sao Paulo. Nash Bond acted for the Galeria Melissa.

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BOND STREETREGENT STREET

OXFORD STREET WEST END

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BOND STREETREGENT STREET

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average WeeklY footfall% Year on Year change

Source : NWEC

Knightsbridge

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Bond Street Kings Road Regents Street

SloaneStreet

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Piccadilly

Clothing & Footwear Household Leisure Food F&BPersonal

london West end retail mix: merchandise catergories

Source : FSP

NashBond

T.02072904555

E.info@nashbond.co.uk

W.www.nashbond.co.uk

FSPRetail

T.01494474740

E.fspretail@fspretail.com

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