The owners of Selfridges have acquired a building on Oxford Street presently occupied by French Connection, The Independent reports. French Connection, which has a property lease until 2025, decided against paying an annual rent of more than £3.2 million for the store. The block has been purchased from Allied Irish Bank, which took over control from Ireland-based property investor Liam Smyth. Eversheds and Eversheds O’Donnell Sweeney advised the bank and the buyers, adds Property Week.
Click here for the story from The Independent.
Click here for the release from Property Week.