For Sale: Regent Street

M@
By M@ Last edited 96 months ago
For Sale: Regent Street

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Crown Estates is looking to sell a minority stake in Regent Street to unnamed foreign investors. The leviathan landlord's ambit includes such tenants as the Apple Store, National Geographic, Hamleys and Ferrari. Healthy sales, probably due to the weak-pound-attracts-tourists effect, have raised the street's worth somewhat higher than its £300 Monopoly value to around £1.6 billion. It's thought that the Crown Estate would reinvest money from the deal into redeveloping Regent Street and nearby St James.

Last Updated 16 July 2010