Delayed Sloane Street transformation to start, will see £46m spend
London’s Sloane Street is to be transformed into a greener and even more appealing shopping destination in a partnership between landlord/developer Caodgan and the local authority, the Royal Borough of Kensington and Chelsea.
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With architects John McAslan + Partners and Chelsea Flower Show-winning garden designer Andy Sturgeon on board, a £46 million investment will make the street more visually appealing and pedestrian-friendly. It’s the first time in its history that the entire street will have been refurbished in this way.
The plan — which we first reported on in 2019, but which was interrupted by the events since then — will take two years to complete. But change on the retail front is already happening with new retailers moving onto the thoroughfare and existing tenants planning to upgrade.
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That will include DiorLVMH
ValentinoLouis VuittonBottega VenetaKiton
The historic street was laid out in the 18th century and is a stone’s throw from key retailers such as HarrodsHarvey NicholsTom FordGucciChanel
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The pedestrian-friendly nature of the redevelopment plans includes wider pavements in high-end stone, street furniture and lighting upgrades, more crossing points and seating, enhanced planting and a tree canopy — with a low-carbon approach being key throughout.
Despite the absence of a VAT-free shopping scheme for tourists, London’s luxury fashion market remains buoyant and last year, Sloane Street spending was up 7% against pre-pandemic 2019.
Hugh Seaborn, CEO of Cadogan, said the plan will strengthen the street’s position as a “global destination for luxury retail and create an even more desirable environment for local residents and businesses — creating a more beautiful, inspiring, greener, cleaner and better-connected environment.
He said Cadogan has “a dedicated objective and responsibility – to protect the area’s historical significance but also ensure it is one of the world’s most elegant and desirable luxury shopping destinations.”