RX London advise on the sale of Armani’s Bond Street flagship store
March 2021 | News
RX London have successfully advised Aberdeen Standard on the sale of Armani’s Bond Street flagship store at 51–52 New Bond Street. The prime Emporio Armani store transacted for £95.5m, reflecting a yield of 3%.
The RX team have been acting for Aberdeen Standard for over 25 years on this property and others in the immediate vicinity from site assembly to development and ultimately, disposal. Other properties included 50 New Bond Street, 14 – 16 St George Street and 22 Hanover Square. The Armani sale signals the final disposal in their business plan.
RX London are also instructed to find a buyer for the virtual freehold of Wempe’s flagship Bond Street store at 43-44 Bond Street for offers in excess of £60m. Please get in touch with our investment team for further information.