Buyers' buzz in New Bond Street

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The Independent Online

Bond Street shops are still hot property for real-estate investors. Scottish Widows Investment Partnership, Aberdeen Asset Management, a China-based investor and Amancio Ortega, the co-founder and former chairman of retail giant Inditex, have all expressed interest in bidding for 106 New Bond Street, currently let to luxury watch retailer Kronometry.

It is expected the fierce competition will drive the price to boom-time levels. The shop has been put on the market for more than £25m and advisors DTZ and Cushman & Wakefield are selling the block, which has scope for further development.