Burlington Arcade up for sale
Published: 16 January, 2017
Thor Equities and Meyer Bergman to sell London luxury retail landmark
The co-owners of London's iconic Burlington Arcade have announced plans to sell the luxury retail destination, appointing CBRE to market the property.
Linking Piccadilly and Bond Street and adjacent to the Royal Academy, the 37,000-sq ft Burlington Arcade opened in 1819. Since 2010, Thor Equities and Meyer Bergman have sensitively repositioned the 0.5-acre freehold West End estate into a leading global luxury destination. A refurbishment introduced new stone floors as well as restoring original details including the building's grand upper arches.
Recent arrivals include swim and lingerie label Eres, watchmaker Bell & Ross, milliner Maison Michael and knit label Barrie joining a roster of established retailers including Ladurée, Vilebrequin, Chanel, Harry's of London, The Vintage Rolex Watch Company, Lulu Guinness and Church's. More recently, the Arcade welcomed luxury brands Manolo Blahnik, Frederic Malle, La Perla, and historic perfume house Atkinsons.
Joseph Sitt, CEO of Thor Equities, said: "The Burlington Arcade is a historical and architectural masterpiece, and one of the most renowned retail destinations in the world. With its magnificent redesign and new luxury tenants, the property will remain a treasured London destination for generations to come."