New Record as Bond Street hits £3m rent

The fashion retailer Belstaff, owned by luxury group Labelux, has leased the entire building at 135/137 New Bond Street on a 20-year lease and will pay £3m a year in rent.

The rent equates to £840/sq ft for zone A space - £170/sq ft higher than the previous record rent set on the street by Missoni in February last year.

The Grade II listed building, which totals 25,000 sq ft over six floors, will be renamed Belstaff House.

Anthony Selwyn, retail director at Savills who acted on behalf of the freeholder, said the deal “demonstrates the continued expansion northwards of the prime pitch on Bond Street.

source: PropertyWeek

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