US fashion retailer Urban Outfitters is to open a new flagship store in the Scottish capital.
The high-street chain will open a 15,000 sq ft store at 124 Princes Street, on the site formerly occupied by Zavvi, by October this year.
The Philadelphia-based company, which opened its first Scottish store in Glasgow, has taken a 15-year lease from the landlord F&C Commercial Property Holdings.
Stuart Moncur, head of retail services for Cushman & Wakefield in Scotland who represented F&C, said it was a real coup to attract such a high-profile international retailer to the capital in the current economic climate.
He added: “Urban Outfitters is a fantastic addition to Princes Street and will play a significant role in rejuvenating this great retailing destination and raise the profile during a testing period.
“We expect Urban Outfitters to create an innovative and exciting store which will prove to be a true icon for Princes Street.”
Joanne Wilkes, head of in-town-retail at F&C REIT said: “We are very happy to have secured such a popular high-street name for Princes Street and I believe it will be a great addition to what is already a fantastic retail offer along the street.
“Considering the current retail market, this letting is a big coup and I’m sure will prove to be a popular retail destination for Edinburgh.”
Urban Outfitters was represented by Ian Scott & Company.
