TK Maxx is set to open its second flagship store on Oxford Street later this year.
The discount fashion and home retailer has signed a lease for a 22,500sq ft unit at Mount Royal at 508/540 Oxford Street, which includes a 70ft frontage on the busy shopping road.
This will be TK Maxx’s second location on Oxford Street, spreading across two floors, with its first store located west of Oxford Circus.
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Mount Royal owner Great Portland Estates (GPE) said Superdrug has also renewed its lease for its 8,000sq ft store for another 10 years.
GPE head of retail Sarah Goldman said: “We are thrilled that TK Maxx has selected Mount Royal for its latest London flagship, and that Superdrug has renewed its commitment with us for another 10 years.
“Both deals are a positive reflection of the growing investment into the western end of Oxford Street and contribute to the street’s ongoing retail transformation.
“The location speaks for itself, as these retailers are set to join other big-name brands and attractions including Primark, Frameless and the recently signed Moco Museum.”
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