TK Maxx signs for Oxford Street flagship

GPE has secured a deal with retailer TK Maxx to take a 22,500 sq ft flagship store on Oxford Street, W1. The retailer will open the new space at Mount Royal, 508/540 Oxford Street, W1. It is TK Maxx’s second store on Oxford Street. Its first store, just west of Oxford Circus, has traded successfully since 2019. Also at Mount Royal, GPE has re-geared a lease with Superdrug on its 8,000 sq ft store. It has committed to a further 10 years at the site. GPE said it had a further 20,000 sq ft of prime retail space under offer at the western side of Mount Royal, with further deals expected to be announced later this year. Head of retail Sarah Goldman said: “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.” Listen to Goldman talk about the renaissance of Oxford Street in a special EG Property Podcast, here. Image from GPE