Investors Bet on London’s Oxford Street Bouncing Back
· 18.02.2024 · 17:00:54 ··· ··· Sunday ·· 7 (0)
Bloomberg Quicktake: Now Commercial real estate is enduring its most tumultuous period for years, but that hasn’t stopped advisers in London proposing an unlikely bet for their clients: Oxford Street. #uk #england #economy #news #worldnews
Once considered the crown jewel of Britain’s retail sector, Oxford Street suffered a collapse in visitors during the pandemic and struggled to recover. Two years ago, workers dismantled a 25-meter-high mound made of scaffolding that local politicians hoped would lure back tourists to the west of the street. Marble Arch Hill, by then coated in decaying vegetation, was mocked by critics as contrived, tacky and expensive — hardly the qualities with which a globally renowned shopping district would want be associated.
Read more: https://www.bloomberg.com/news/features/2024-02-16/london-s-oxford-street-seen-bouncing-back-with-ikea-dr-martens-under-armour?sref=omvmmwIg
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