The number of retailers buying property on London’s Oxford Street and Bond Street has increased by 7% and 28% respectively over the last two years, according to estate agent Savills.
Retailers now account for 22% of the ownership on Bond Street, second only to overseas investors who own 31%. Of the units owned by retailers half are owner-occupied, including Prada, Chanel and Louis Vuitton.
Bestseller, Fenwick and Max Mara have all invested in property on Bond Stret that they do not occupy.
On Oxford Street retailers now account for 14% of ownership. Of these 31% are owner occupied including Arcadia’s Topshop and Miss Selfridge, H&M and Marks & Spencer. Zara’s holding company Ponte Gardea owns the most shops on the street at 12 followed by Bestseller which owns five.
Anthony Selwyn, head of central London retail at Savills, said: “On Bond Street the increase in retailer ownership is in part about protectionism and being able to have some control over occupation.
“Oxford Street provides a different platform for investment for retailers in part due to its size, which allows for more opportunities, but also there is less need for brands to protect their occupational position, recent deals suggest retailers have focused simply on the more typical investment growth criteria.”