Bestseller's Anders Holch Povlsen eyes up property on Oxford Street

Anders Holch Povlsen, the CEO and sole owner of fashion conglomerate Bestseller, has his sights set on taking over the next redevelopment opportunity available on London's Oxford Street.

The Danish billionaire is currently seeking to purchase a number of assets located between Hanover Square and Oxford Street, for the neat sum of 172 million pounds according to Estate Gazette. The stretch of property, up for sale via investment manager M&G, is located on the iconic shopping streets and includes: 3-18 Harewood Place, 14-15 Hanover Square, and 293-297 Oxford Street.

Povlsen currently owns connecting property Oxford Street 301-308 and 309, suggesting he may be looking for a flagship location for one of Bestsellers numerous brands. The assets were previously selected for redevelopment earlier this summer with a potential final value of 400 million pounds. Once completed the redeveloped sites combined surface is predicted to cover 25,000 square of retail space and 75,000 square feet of residential and office space.