American lifestyle brand Gant has agreed a 10-year lease with The Crown Estate for a new 7,800sq ft London flagship store on Regent Street.
Gant was advised by international retail property agency CWM.
Currently located at 185-191 Regent Street where it has been based since 2005, Gant will move into new premises directly opposite to the existing store in the autumn of this year.
Formerly the home of luxury fashion retailer Hugo Boss, 178-180 Regent Street spans two floors – a ground floor and a basement floor – and is located next to Hamleys, as well as the new Kate Spade and new 15,000sq ft Hugo Boss stores.
International retail property agency CWM secured a substantial premium for Gant as it surrendered its existing lease back to The Crown Estate. The firm also advised the brand on the £1m per year lease for the new store, which will stock Gant’s full product range.
Scott Murdoch, managing partner of CWM, said: “We’re pleased we were able to secure a new lease for Gant as well as a substantial premium for surrendering its existing lease back to The Crown Estate. The new store is in a better location on Regent Street and well positioned to service the high volume of shoppers passing by.”
Gant has 14 standalone stores across the UK, with six of these in central London.