Cushman Wakefield news and archive

New York’s Fifth Avenue is the world’s most expensive retail street

New York’s Fifth Avenue has reclaimed its position as the world’s most expensive retail street. The data was released by global commercial real estate services firm Cushman & Wakefield, who said the average rents of 2,000 dollars per sq ft beat Hong Kong’s 1,436 dollars per sq ft and Milan’s via Montenapoleone at 1,380 dollars per sq ft. It is...

Retail

London remains top city for real estate investment

A new report by global real estate company Cushman & Wakefield shows London is the world's most desirable place for real estate investment. Globally, the level of real estate investments has set a new record in 2018, driven mainly by Asian capital. The share reached in the year was 1,620 billion dollars (equal to about 1,300 billion euros),...

RetailFeatured

UK shopping centres to open an additional 1.5 million sq ft in 2018

Although the retail sector faces a number of challenges, such as an uncertain consumer backdrop, rising operational costs and the ongoing growth of e-commerce, that has yet to stop UK retailers and property developments from investing in traditional brick and mortar locations as the UK is set to welcome 1.5 million square feet of additional...

Retail

The 10 most expensive shopping locations in the world are...

London - Shopping in New York is often considered as a luxury extravagance not everyone can afford, but that should come as no surprise as it is it also home the most expensive shopping street in the world - at least when it comes to retail space. The Upper End of 5th Avenue in New York is the world's most expensive retail location in the world...

Retail |MAP Featured

New Bond Street: 3rd most expensive shopping street in the world

London - New Bond Street has retained its appeal as one of the most luxurious shopping streets in the world. The shopping street, home to leading fashion houses such as Chanel, Mulberry and Louis Vuitton, remains a retail hotspot as annual average rent prices have surged over the past year, growing 37.5 percent, according to the latest report...

Retail |INTERACTIVE MAP Featured

Top 10 most expensive shopping streets on the world map

Manhattan's Upper 5th Avenue has claimed the title as the world's most expensive shopping street - at least when it comes to paying rent that is. Navigate through FashionUnited’s interactive map where you can find the ten most expensive shopping streets in the world, according to the latest edition of Cushman & Wakefield's global flagship Main...

Design

La Portegna opens first UK store

Spanish accessories and footwear brand La Portegna has opened its first UK flagship store. The 1,400 square foot store, located on Marylebone HighStreet, London is the former Jack Wills unit and marks the brand’s first standalone venture outside of Madrid. La Portegna, known for its range of travel products and use of quality leather, will also...

Design

IRO to make London debut

French fashion brand IRO is set to open its first UK store this summer at Brompton Cross in West London. The Paris-based label, which launched in 2004 by brothers Laurent and Arik Bitton, currently has 76 outlets and 10 stores across America, Europe and the UAE, and the UK store is expected to be the first of many, with property agent Cushman &...

Fashion

Select plots 200 new stores in next five years

Women’s fashion retailer Select has announced ambitious expansion plans to open 200 new stores over the next five years, as it seeks to take advantage of a soft retail property market. The retailer, which targets fashion-conscious shoppers on a budget, has set itself a target of opening 40 stores per year over the five years, and to increase its...

Design

Shopping centres suffering for new space

Shopping centres are currently suffering as new research shows that just 31,500 sq m (339,063 sq ft) of new shopping centre space is to be developed this year, the lowest annual figure in almost 50 years. Commercial real estate firm Cushman & Wakefield says that only one new scheme, the 15,600 sq m Swan Shopping Centre in Yardley, will open this...

Design

Retail developments for Glasgow's Buchanan Street

According to a new survey, Main Streets Across the World, from International Estate Agents, Cushman and Wakefield, Glasgow’s Buchanan Street is now one of the most expensive retail locations in the UK. Shops in Buchanan Street now command a rent of £250 per square foot, a level which is only exceeded by five streets in London. As well as...

Fashion

Get aside, show business: fashion takes on West End

Show business is giving way to international retailers, who are fighting to get the best locations at the trendier than ever London´s West End. Rents on Oxford Street, Bond Street and Regent Street, central London's premier retail locations, rose as much as 20 percent last year, Colliers International estimates. Up to know, they are the US-...