Rents grew by 13%, far outpacing global average of 4.4%
The £430m sale help the department store return to profit
The flagship store is believed to have been bought for around £430m
£150m deal also includes glitzy Patek Philippe appointment-only outlet
Firm bought Bond Street offices for £20m
Westminster Council approves five-storey extension
Jeweller Boodles has seen its rent almost double at its 178 New Bond Street, W1, shop following a rent review.
Crippling business rate rises and ever-increasing rents are forcing luxury retailers to abandon their traditional homeland of London’s Bond Street, W1.