Bond Street and Oxford Street are still well-liked locations for brick and mortar establishments, while luxury companies continue to “beeline” towards new London premises.

According to Drapers, new CBRE data shows that investment volumes in central London increased 71 per cent on a quarterly basis to £ 424 million in Q2 of this year. Bond Street “continues to draw high volumes of capital,” according to the real estate business, which closed four deals there in that time frame.

Its report explained, “Together, these deals account for almost 60 per cent of total London retail investment volumes for the first half of the year.”

CBRE executive director Phil Cann said, “Bond Street (remains) a primary area of focus and in particular, luxury brands beelining for the middle of New Bond Street as they look to cement their physical position. With rental growth being realised in a number of locations, investor confidence continues to grow, and we expect full year investment volumes to exceed last year.”

Additionally, there have been 19 letting transactions carried out in Oxford Street so far this year. The data showed all of the businesses that had moved stores to the street since the beginning of last year had upsized, which typified “the return of physical store commitments”.