Brexit uncertainty fails to dampen UK capital’s attractiveness
Thirty-six international retail and leisure brands have opened their first ever UK outpost in London in 2018 to date, according to Savills research, and the rate of new openings has already exceeded the 2017 full year total of 32. Savills is forecasting that the 2018 total could be in the region of 45, bringing it closer to the 2016 peak of 53.
Laura Salisbury Jones, associate director, Central London and European retail, at Savills said: “Despite a number of well-publicised challenges facing the UK retail and leisure market currently, it is clear that London’s appeal remains for international brands. In some cases these challenges are creating opportunities for new entrants. The strong momentum we have seen in new entrants to the capital so far in 2018 looks let to continue in the remainder of this year and beyond.”
