103-113 Regent Street
Uniqlo takes space at 103-113 Regent Street

Uniqlo takes space at 103-113 Regent Street

16/07/2021 by Buildington
The Great Ropemaker Partnership GRP, a joint venture between Great Portland Estates plc GPE and Ropemaker Properties, has let the whole building at 103-113 Regent Street to UNIQLO Europe Limited.

The 56,850 sq ft mixed use retail and office space was previously let C-Retail Ltd (Superdry). GRP has surrendered the Superdry lease and granted a new lease to UNIQLO. At the same time, The Crown Estate have simultaneously surrendered Superdry’s lease of the ground floor of 19-25 Sackville Street (connected to 103-113 Regent Street) and granted a new co-terminous lease to UNIQLO.

The new Regent Street flagship store will be refurbished and set for trading over lower ground, ground and first floors from Spring 2022.

Part of the ground floor will be occupied by Theory (Fast Retailing Group’s). UNIQLO and Theory will also occupy the offices above the store for their European and UK operations.

Hugh Morgan, Director of Investment Management at GPE, commented: "This transaction typifies GPE’s collaborative approach to asset management working proactively with Superdry, UNIQLO and The Crown Estate, against a difficult backdrop, to secure this significant retail letting and we are delighted that UNIQLO has chosen 103/113 Regent Street as its new store."

Taku Morikawa CEO of Uniqlo Europe, added: "As this year marks UNIQLO’s 20 years of presence in the UK, we are very excited to be announcing the opening of a new UNIQLO store on the prestigious Regent Street and look forward to offering LifeWear – everyday high quality long lasting clothing - to Londoners that is more than ever relevant with the evolving consumer behaviours."
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