News

Catalyst Bags Harrods For Henley Retail Development Bought From Administrators

The Famous Harrods Department Store.

Tenants can be hard to come by for new developments in today’s tough retail climate. But the appeal of well-off towns in the South East was shown when Catalyst Capital secured perhaps the most famous name in British retail for a new scheme — Harrods.

The famous department store has agreed to take a stand-alone store — its first outside of its famous Knightsbridge home and small airport locations — at Catalyst’s Gardiner Place in Henley-on-Thames, Oxfordshire. Gardiner Place will be a 28K SF scheme attached to a Waitrose supermarket that will comprise 14 retail and restaurant units.

Harrods is planning an original offering at the scheme. Its store will be a high-end bistro that will take inspiration from its roastery and bake hall, alongside an innovative click and collect offer at first-floor level that will include customer changing rooms and a personal shopper experience, Harrods said. No need to catch a train or schlep along the M4 to pick up your hamper or eye-wateringly expensive shirt.

Catalyst bought the development scheme in 2015 as part of a £54M portfolio acquired out of administration following the collapse of De Stefano Property Group. Having secured anchor tenants it will now begin development. GCW and Lunson Mitchell are the leasing agents.

Continue reading this story with a free account

Log in or register
Related Topics: Catalyst Capital , Harrods
Sign up for more articles like this
Subscribe to Bisnow's London Newsletters
Related Stories

Sovereign Fund Backs £500M Subterranean West End Development

Lone Star Seeks 58% Uplift In Under 3 Years With £175M UK Mall Sale

Furniture Outlet The Dump Is Getting Dumped In Atlanta

Simon Approaching End Of The Road With Struggling Suburban Boston Mall

Chipotle Adding Hundreds Of New Locations Worldwide

Stockdale Capital Partners, Hamilton Lane Acquire Chino Hills Shopping Center For $157M

Bucks County Mall Closing As Owners Prepare Redevelopment Plans

Battersea Power Station Reveals Plans To Double Development Again

New Occupiers And More VC Money Fuel UK Life Sciences Rebirth

Canadian Firm Raises £680M For 6,000-Home UK BTR Push

Orega Completes PE-Backed Management Buyout: The London Deal Sheet

Starbucks Spending $1B To Turn Cafés Into Community Lounges