Luxury retailer Mulberry will open a new flagship store on London’s Regent Street in the former Austin Reed property, according to Property Week.
The retailer signed a 10-year lease on the 5000sq ft property, situated in the collapsed retailer Austin Reed’s former flagship on 100 Regent Street, which was recently split into three.
Another 26,650sq ft of space will be launched later this year in the property.
Although the date of Mulberry’s store opening is yet to be announced, it will mark another key location for the retailer, which already boasts a portfolio that includes both London Westfield sites, Covent Garden and Bond Street.
READ MORE: Mulberry profits and sales continue to grow
“Following an extensive period of asset management, we are pleased that the remodelling of the building has completed,” Hermes Investment Management director Ian Cody, who signed Mulberry, said.
“Securing a luxury global brand such as Mulberry is testament to the work we have undertaken on the property, and Regent Street’s appeal as an international retail destination. We are hoping to announcing further lettings in the near future.”