Ardent UK has completed the acquisition of the Royal Exchange in the City of London from Oxford Properties.
The renowned luxury shopping centre is situated between Threadneedle Street and Cornhill, across from the Bank of England.
It provides 4,775 m2 of retail space to brands such as Tiffany & Co, Hermès, Bremont and Fortnum & Mason.
The purchase of The Royal Exchange is consistent with the larger investment strategy of Ardent UK, centered on high-quality properties that offer the potential for further value growth through proactive and effective asset management.
Richard Benson, managing director of Ardent UK, said: ‘As an opportunistic and acquisitive firm, the possibilities presented by The Royal Exchange are very attractive, with our strategy focused on driving performance through an improved offer that better meets the changing needs of those that visit the City for both work and pleasure. The Royal Exchange has long been the Square Mile’s destination of choice for those seeking the best in luxury goods and dining, and we look forward to being part of the latest chapter in the storied history of this great asset.’
Since its beginnings as London's first purpose-built trading centre in 1566, the Royal Exchange has been put to a variety of uses throughout its history.
Oxford Properties owned the retail element of The Royal Exchange from 2014, while office space on upper floors are held by a separate third party.
Since its launch in 2021, Ardent UK has purchased the Touchwood shopping centre in Solihull and established a strategic national industrial portfolio of more than 20,900 m2.
Ardent UK was represented by Bruce Gillingham Pollard, while CBRE advised Oxford Properties.
