Hines has leased circa 10,000 sq ft to Abercrombie & Fitch for a new flagship store at 325 Oxford Street in the heart of London’s West End.
Abercrombie & Fitch has agreed a multi-year lease on the retail space, which covers two floors in the mixed-use retail and office building, which was acquired on behalf of the Hines European Value Fund 2 (HEVF 2) in March 2020. The retailer expects to commence trading in early 2025.
Jake Walsh, managing director at Hines UK, said: “Securing such a high-profile, iconic brand as Abercombie & Fitch is a real coup for Hines and represents a fabulous addition to Oxford Street retail offering. It is an exciting time for London’s most famous shopping street as it is redefining itself as a go-to retail, leisure and office destination and we are proud to be contributing to its dynamic evolution.”
Scott Clarke-Bryan, managing director EMEA at Abercrombie & Fitch Co, added: “We see tremendous opportunities for Abercrombie & Fitch here in London and this prime location at the crossroads of Oxford and Bond Street will add to our growing presence in the UK market. We look forward to welcoming our customers into a new and elevated experience early next year in this iconic shopping destination.”
Hines was represented by Cushman & Wakefield and Savills.
