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Luxury Retailer Pounces on £82 Million New Bond Street Store

Sale of Boodles Store Part of Trend for Retailers to Buy on London's Most Exclusive Street
178 New Bond Street. (CoStar)
178 New Bond Street. (CoStar)
CoStar News
May 16, 2024 | 1:01 P.M.

Swiss luxury goods group Richemont is buying British jewellery retailer Boodles' flagship store at 178 New Bond Street for £82 million, or a 2.2% net initial yield, as the UK's most exclusive shopping thoroughfare continues a strong run of investment activity.

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