TK Maxx is in talks to open its first store in London’s West End, on Piccadilly Circus.
According to Property Week, discount retailer TK Maxx is in detailed negotiating to take on the 20,000 sq ft unit at 225-227 Piccadilly, south of Piccadilly Circus, which has been vacant for four years. It was previously a Virgin Megastore.
The Crown Estate, which owns the head lease on the property, will have to give the go ahead for the deal.
TK Maxx has been looking for a West End location for some time, and was reportedly considering taking on the former Allders unit, which Primark took.
TK Maxx opened a store in London’s Kensington High Street last year, a more upmarket location than is usually favoured by the retailer. This would be the discount retailer’s second central London store.