London unrivalled in Europe for international retailers | 27 November 2014
London has ranked top in Europe for attracting overseas retailers, according to a new study.
The ‘Destination Europe 2015’ report from global real estate advisor JLL noted that London attracts more international retailers than any other European city, reports itv.com.
It found that Bond Street is the preferred street when it comes to luxury retailers, with space in New Bond Street the most expensive in Europe – commanding 12,300 Euros per square metre, per year.
JLL says: “The report predicts international retailer expansion to continue its momentum across the key European retail markets; however physical expansion is more careful, more considered, and more selective than ever before, as sweeping structural changes further redefine retail and retail places” notes relocatemagazine.com.
London beat other top European shopping destinations, including Paris, Moscow and Milan, to take the top spot.
Within the UK, Bournemouth in Dorset was named the top retail destination by location specialists CACI in its Top 100 survey, which considered retail offerings and leisure facilities. Exmouth in Devon came second, followed by Watford and Herefordshire, reports croydonadvertiser.co.uk.
Other cities which made it into the top 10 list include Manchester, Birmingham and Croydon. The list was calculated to assess potential as well as current strengths, taking into account future changes like Croydon’s forthcoming Westfield/Hammerson development.
The views expressed in this post are those of the author and are not necessarily those of Qube Global Software. All facts are verified where possible directly by the author.
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