The Crown Estate has bought furniture retailer Habitat out of its Regent Street store.
Habitat, owned by restructuring firm Hilco, has been on the central London street since 2006.
A spokesman for the Crown said: “The Crown Estate can confirm that following its approach to the owners of Habitat, it has concluded a transaction whereby Habitat will surrender its lease and leave Regent Street, in exchange for a premium.
“The acquisition forms part of The Crown Estate’s ongoing retail strategy for Regent Street that has turned the Street into an international retail destination.”
Habitat, which has 37-stores across the UK, said that the store not longer fitted with its strategy and that it would now focus its attention on it Tottenham Court Road, WC1, flagship store.
samantha.mcclary@estatesgazette.com
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