Savills : SOLETRADER steps on to Oxford Street with new flagship store

SOLETRADER, represented by international real estate advisor Savills, has acquired 264 Oxford Street for a new flagship store. The property, which was previously occupied by Warehouse, is owned by Lancer Property Asset Management.

The British footwear retailer has agreed a new 10-year lease for the 2,998 sq ft (279 sq m) unit west of Oxford Circus, at an annual rent of £920,000. Founded in 1962, SOLETRADER has almost 50 UK stores and a strong online offer, as well as a presence in Germany and the US. The brand sells a mix of designer footwear, in-house collections and accessories for men, women and children.

Sam Foyle, Oxford Street specialist at Savills, comments: 'This deal is of particular significance as it marks the culmination of our extensive search for an Oxford Street site meeting SOLETRADER's specific configuration and location requirements. The store is ideally located to benefit from the high footfall generated by proximity to Oxford Circus and the proposed Hanover Square Crossrail station.'

Lancer Property Asset Management was represented by Kenningham Retail. Warehouse was advised by Harper Dennis Hobbs.