Mount Street

— London, UK

Portfolio Project

Acquisition date:

3 July, 2015

Asset type:

Retail & Office

Square metres:

3,000 sq. m.

Key occupants:

Céline

Located in London’s exclusive Mayfair and 300 metres from Berkeley Square, Mount Street has become the location of choice for leading fashion designer labels seeking an alternative to nearby Bond Street

Mount Street, in London’s luxury retail quarter of Mayfair, has become the destination of choice for top fashion designers seeking an alternative to nearby Bond Street when they open stores. Marc Jacobs arrived in 2006, since when Christian Louboutin, Oscar de la Renta, Lanvin and Balenciaga have followed. Grosvenor Estate has worked actively as the freeholder to enhance the look and feel of the street, which is one of the capital’s most exclusive residential neighbourhoods.

Investing in this 2,870 sq.m. building, which stands diagonally opposite the five-star Connaught Hotel, was an unique opportunity to acquire a property on one of the most desirable locations for luxury retail brands.

The property’s ground floor serves as the flagship store for Céline, the women’s wear and accessories label owned by LVMH, while the upper floors to the property provide Grade A office space.

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Mount Street is one of London’s most desirable locations for luxury retail brands and Céline occupies one of the largest premises on it.

Markus Meijer, CEO of Meyer Bergman