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Burlington Arcade sold in £300m deal

The owners of London’s historic Burlington Arcade have sold the shopping centre to a private investor in a deal worth £300m.

Thor Equities and Meyer Bergman bought the grade II-listed arcade in Piccadilly for £104m in 2010, and have confirmed the sale of the property.

The new owners are thought to be property tycoons Simon and David Reuben, who own Doncaster and Chepstow race courses, reports The Sunday Times.

The Burlington Arcade first opened in 1819, and totals 37,000 sq ft of retail space. It attracts 4 million visitors a year.

Manolo Blahnik, La Perla, Harrys of London and Lulu Guinness all have shops within the arcade.

Commenting on the sale, Joseph Sitt CEO of Thor Equities, said: “After repositioning and restoring the Burlington Arcade to its former glory, we felt the time was right to sell this historic landmark. With its magnificent redesign and new luxury tenants, the property will remain a treasured London destination for generations to come.”

 

 

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