Redevco has acquired five ground-floor retail units of 15-29 Redchurch Street in the thriving and fashionable Shoreditch district in London for more than £16m (€21m) from CBRE Global Investors.
Adam Starr, Redevco’s head of acquisitions, said: “Redchurch Street is a highly desirable location for retailers seeking an alternative to London’s more established and traditional shopping destinations. As a hub for tech and creative industry start-ups on the fringes of London’s main financial district, the gentrification of Shoreditch has spawned a dynamic new offering of bars, restaurants, hotels and retail brands.”
The units are occupied by brands A.P.C., Aimé, Kit & Ace, Nudie Jeans and the chocolatiers Mast Bros. Other retailers in the street include Verso (by Versace) Modern Society, J.Crew, Club Monaco, T2 and Sunspel.
Redchurch Street is a 10 minute walk north of Liverpool Street station in London and has become a hotspot for brands opening in the thriving and fashionable Shoreditch area. The units are close to BoxPark, the centre for pop-up stores constructed of stripped and refitted shopping containers reflecting the less polished appeal of the area to younger, fashion-conscious shoppers.
JLL advised Redevco, while Clay Street acted for CBRE Global Investors.
Source: Redevco
