Nanushka, who originate from Budapest, are due to open in October at 30 Bruton Street in Mayfair which is a Maison-style building of approximately 5,000 sq ft. It will be the first London store for the brand following their recent opening in New York.
Joining them on Bruton Street is French luxury brand IRO who have secured 28 Bruton Street as their new London flagship store.
Sam Jones of Astrea Asset Management commented “We are delighted to welcome both Nanushka and IRO to Bruton Street. Despite the current, well publicised challenges in the retail sector, we are seeing continued interest from luxury brands in the best locations in order that they are in the optimum position as footfall improves.“
Hanover Green Retail and Nash Bond advised on the Nanushka letting and Hanover Green Retail acted as sole agents on the IRO letting.
Ben Selwyn of Hanover Green Retail commented ‘’Luxury and premium brands are retrenching to the core cities worldwide and we expect London to remain a key focus for luxury/premium brands wanting to expand or improve their physical profile. Both Nanushka and IRO are fantastic additions to Bruton Street.’’
Astrea Asset Management is responsible for managing a significant portfolio of UK real estate assets which includes the Berkeley Square Estate.