Redevco Acquires Parade Of Five Boutiques In Shoreditch For £16m+

January 15, 2016

Redevco, specialist investment manager in retail properties, has acquired a parade of five boutiques in the thriving and fashionable Shoreditch district in London’s East End. It purchased the ground-floor retail units of 15-29 Redchurch Street for more than £16 million from CBRE Global Investors.

Adam Starr, Redevco’s Head of Acquisitions, said: “Redchurch Street is a highly desirable location for retailers seeking an alternative to London’s more established and traditional shopping destinations. As a hub for tech and creative industry start-ups on the fringes of London’s main financial district, the gentrification of Shoreditch has spawned a dynamic new offering of bars, restaurants, hotels and retail brands.”

The 597 m² retail space is occupied by brands A.P.C., Aimé, Kit & Ace, Nudie Jeans and the chocolatiers Mast Bros. Other retailers in the street include Verso (by Versace) Modern Society, J. Crew, Club Monaco, T2 and Sunspel.

Redchurch Street has become a hotspot for brands opening in the thriving and fashionable Shoreditch area which is a 10 minutes walk north of Liverpool Street railway station in The City of London financial district. Shoreditch is home to many start-up companies that have clustered east of the Old Street “Silicon Roundabout.” Close to the parade is BoxPark, the centre for pop-up stores created from repurposed shipping containers, which reflects the less polished appeal of the area to younger, fashion-conscious shoppers. The Financial Times newspaper dubbed Redchurch Street as the ‘Bond Street’ of London’s gritty East End in an article in October.

London is the top retail location among more than 800 European cities ranked by Redevco’s proprietary City Attractiveness tool. The Shoreditch parade of stores is the fourth acquisition by Redevco under a strategy focused on assets that are best-placed to prosper as e-commerce transforms retailing, namely the principal shopping streets of the largest cities in Western Europe, dominant shopping centres and out-of-town retail parks.

JLL advised Redevco while Clay Street acted for CBRE Global Investors.

Latest News

Local Wholesale Butchers leases 20,000 sq ft unit in Newbury

July 1, 2025 - 10:42

Logicor, advised by Haslams LLP, has secured a letting at Kennetside Industrial Estate, Bone Lane, Newbury to Thatcham Butchers Ltd.  This is the second letting secured on the estate since Logicor bo[...]

+ Read More

Golf Simulation Company Full Swing Secures Showroom at Millars Business Park, Wokingham

June 16, 2025 - 11:07

IPIF, advised by Haslams LLP, has announced the letting at Millars Business Park, Fishponds Close, Wokingham to Full Swing EMEA Limited, a leading innovator in golf simulators and sports performance t[...]

+ Read More

GCW STRENGTHENS ITS OCCUPIER ADVISORY TEAM WITH NEW RECRUIT AND PROMOTES CHRIS KENEALY TO ASSOCIATE DIRECTOR

June 16, 2025 - 11:04

GCW has enhanced its client service offer with the appointment of Bobby Share as a surveyor in its occupier advisory division and the promotion of Chris Kenealy to Associate Director in its Owner team[...]

+ Read More

CONTACT

CALL US

+44 (0)20 7647 4420

ADDRESS

25 Westwood Road, Newbury, Berkshire, Newbury, RG14 7TH