Harrods may lose its scores of fans to a new luxury retail block in Knightsbridge, as a London developer is starting a £75m makeover of an estate in the area to transform it into high-end shops and offices.
Chelsfield bought a 3.5-acre estate between Harvey Nichols and Harrods in 2010 for £550m and appointed Somerset House and the Royal Academy of Music architects Stephen Marshall to design the site.
Now why would this development be a rival to Harrods? Well, the refurbished estate would be a block housing both luxury brands and offices. Within the block, you’d find high-end brands like Tom Ford, Alberta Ferretti, Tommy Hilfiger and Hugo Boss among others.
Also, the Porsche Design Group has taken up a six-storey building that will open in autumn.
The Standard reports that the developer is working with working with retail specialists CWM and CBRE to get more big names to open stores here.
Watch out Harrods – your super-luxe lifetime could be limited.
More for you:
Register for our free newsletter
For up-to-the-minute insights, news and gossip for London professionals and business leaders
The London Business Summit: Thriving in London, Tuesday 25 June 2013
Discover opportunity, explore innovation, drive long-term profits
Speakers include Martha Lane Fox, Alastair Lukies, Julie Meyer, Mike Butcher, Jo Valentine and many more.
READ ONLINE NOW: Securing Britain’s Future
How London’s business leaders would safeguard our economic future
Boris Johnson, Martha Lane Fox, Doug Richard, Xavier Rolet and more than 25 other CEOs and entrepreneurs share their insights.
Leave a Comment