The City of London Corporation has appointed Levy Real Estate as sole retail agents for the iconic Leadenhall Market in the Square Mile.
The multi-discipline firm will advise on all new lettings, restructuring of leases and strategic direction across the 40 shops and restaurants in the 100,000 sq. ft Grade II Listed market.
The market is a vibrant retail and leisure location which will play a central role supporting the City Corporation’s bold new vision for the future of the Square Mile – Destination City – ensuring the Square Mile is a world-leading destination for workers, visitors, and residents to enjoy.
Current occupiers of the market – which is owned by the City Corporation – include Reiss, Hobbs, Viandas, Aux Merveilleux de Fred and an impressive line-up of independent businesses.
Chair of the City Corporation’s Property Investment Board, Andrien Meyers, said:
“Leadenhall Market is home to a distinctive selection of boutiques, shops, restaurants and bars. It also has a fantastic events programme throughout the year and is welcoming more and more people back in line with the City’s strong recovery.
“In appointing Levy Real Estate, the City Corporation aims to develop the diverse mix of businesses that keep Leadenhall Market buzzing and ensure it remains a destination of choice for shopping, eating and socialising.
“Outstanding retail and hospitality experiences are key to our vision for Destination City, drawing workers and visitors back into the Square Mile.”
Greg Stalcup, Partner at Levy Real Estate, said:
“We are working closely with the City Corporation to build upon the impressive mix of existing tenants and boost trade in Leadenhall Market throughout the week.
“We have already worked together to restructure leases at Leadenhall Market to turnover arrangements, helping traders navigate the impact of the pandemic.
“With a vibrant atmosphere and the option of a free outdoor seating license outside the premises to boost turnover, Leadenhall Market is an attractive location for hospitality businesses, as well as retail tenants.”
The City Corporation has supported Leadenhall Market tenants to adapt to the challenges presented during the Covid-19 pandemic and beyond, including by offering rent to be charged on a turnover basis, so that the rent they pay is directly linked to their performance.
In July 2022, the City Corporation’s Planning and Transportation Committee voted to continue offering free outdoor seating licenses to hospitality businesses in the Square Mile.
Situated in the centre of the City of London’s financial district, the Grade II Listed market building was designed by Horace Jones and its current format dates back to 1881.
