US fashion and accessories retailer Kate Spade is close to securing its first UK store. It is under offer to take Ted Baker’s 2,500 sq ft shop at 9-10 Floral Street, WC2.
The retailer is paying a £400,000 premium for the store, which is owned by a private family trust. The rent is £375,000 pa and there are two years unexpired on the lease.
Kate Spade is also seeking two further stores in London – in Chelsea and Marylebone.
CWM is advising Kate Spade; Orme Associates acts for Ted Baker.
annabel.dixon@estatesgazette.com
