Savills News

String of retail lettings at Buckingham Green, SW1

Savills and joint agents, Tuckerman have let four retail units at Buckingham Green in London’s Victoria to Ted’s Grooming Room, Urban Greens, Chez Antoinette and Formative Coffee on behalf of developer, London & Oriental.

The 150,000 sq ft mixed-use scheme, which is situated just behind Victoria Street near St James’s Park tube station, will see popular men’s grooming parlour, Ted’s Grooming Room, open a 543 sq ft unit on a 10 year lease adding to the brand’s portfolio across the capital including Fitzrovia and the City. They will be joined by Chez Antoinette, which has taken a 1,680 sq ft unit, which will be its second in London following the original restaurant in Covent Garden.

Also joining them will be two new food and beverage brands - Urban Greens, a new salad concept, will take a 1,782 sq ft unit also on a 10 year lease, and Formative, a bespoke coffee concept, which will open a 660 sq ft space also on 10 year lease. These will be their first stores which are expected to be a real draw for the development.

Oliver Green, Director in the Central London Retail team at Savills, comments: “Upon opening, Buckingham Green will be a thriving lifestyle destination in the heart of Victoria / St James’s. This curation of brands reflects the quality and attention to detail by the developers in creating a mixed-use scheme which will appeal to nearby office workers and residents alike. With its central location, superb transport links and critical mass of office and residential space, Buckingham Green is set to be an exceptional development.”

The announcement follows news from the end of last year that Savills signed European private equity firm, Novalpina, for a 4,341 sq ft of office space in The Caxton Building. There are 64 residential apartments within the development which are available to rent, of which 40% have already been pre-let.

Ted’s Grooming Room was represented by Devono Cresa, Urban Greens by Maddox Retail and Chez Antoinette by RSR Properties. Formative Coffee was unrepresented.  The residential is being leased through JLL Residential.

Recommended articles