Matalan has signed a deal to take its first central London store, at Axa Real Estate’s 149/151 Oxford Street, W1.
Matalan will take 18,500 sq ft on a 15-year lease and will begin work on a basement, ground and first-floor fit-out.
The retailer aims to open at the beginning of 2015.
Axa has also recently signed a new lease with Victoria’s Secret for 6,700 sq ft at 116/117 New Bond Street, W1, and a new 15-year lease with Hugo Boss at 120-122 New Bond Street.
Axa regional asset management head Dorrien Thomas said: “We believe that the underlying fundamentals of the UK retail sector in high-footfall and globally-recognised destinations such as Oxford Street will continue to offer a robust, long-term source of income that will enable us to keep delivering value to our clients.”
chris.berkin@estatesgazette.com
