Chanel 'snaps up 20,000 sq ft of London offices at New Bond Street'
Luxury fashion house Chanel has agreed to rent nearly 20,000 sq ft of space for new London offices at 158/159 New Bond Street.

A report from CoStar UK has revealed the designer brand will move staff into the new base above its flagship retail space. The headquarters will be housed across floors two to four.

Chanel moved into the building two years ago after Nicole Farhi decided to transfer to new premises. It agreed to a 25-year lease at a zone A rate and last month received approval to double the size of the designer store.

The former tenant of the London offices was Rathbone Brothers, whose 15-year lease runs out in April. The firm paid £33.50 per sq ft, the publication stated.

Both Bond and New Bond Street are popular with luxury retailers. Savills noted last month that Belstaff had agreed to take a 20-year lease at 135/137 New Bond Street, paying a record rent of £3 million a year.

To be renamed Belstaff House, the Grade II-listed building will provide the fashion house with around 25,000 sq ft of space over six levels.

Posted by Sarah Dudley

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