November 2016


London beats Paris to claim Europe's top retail destination

London beats Paris to claim Europe's top retail destination

17 November 2016

International real estate advisor Savills has identified London as Europe’s top retail location in its latest European Retail Destination Index, which identifies the best opportunities for expanding international brands. According to Savills, London’s success is due to its underlying operational fundamentals related to retail spend and tourist flows.  These factors have been further enhanced by London’s ‘opportunity’ potential for new retail entrants and total occupational costs, which are 6.7% cheaper than Paris