Ikea bought Topshop’s flagship store on Oxford Street.
With a move of £378 million, the new IKEA store will open in fall 2023. The transaction is expected to end in January 2022.
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“We are pleased to have exchanged contracts with this iconic property at the cornerstone of London’s major retail district,” said Interpass Advisory Managing Director and Red Castle co-administrator. One Ed Boyle.
“We are pleased to have exchanged contracts with this iconic property at the cornerstone of London’s major retail districts. As shoppers, workers and tourists return to central London following the pandemic, , IKEA’s presence at the Oxford Circus will further enhance footfall and help provide a true Philip to the city’s retail sector,” he added.
