Mayfair offices purchased by Burberry for "statement store"
The lease of Mayfair offices on Regent Street has been purchased by Burberry so that it can develop a "statement store", it has been revealed.
The British designer has acquired LK Bennett's 3,500 sq ft of offices at 115 Regent Street, Property Week reported.
It follows Burberry's acquisition of 121-123 Regent Street, the 20,000 sq ft space formerly owned by Habitat.
According to the resource, the luxury brand wants to knock the two retail spaces together in order to create a large flagship store.
Burberry is also carrying out work at new premises in Knightsbridge's Brompton Road, space which was acquired from Jaeger, it added.
Furthermore, it decided to take up the two buildings on Mayfair's Regent Street because its current unit on the shopping strip at 157-167 are to form part of the W4 development by the Crown Estate.
The organisation wants to redevelop two blocks to the west of the street under a £200 million project which will provide 150,000 sq ft of office space and retail accommodation.
Posted by Sarah Dudley
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