CORRECTION: A previous version of this story reported that the London Trocadero was to close. This is incorrect. In a statement Criterion Capital, the owner or the Trocadero Centre, said that the new was "without foundation", and that only two shops were to close in order to be upgraded and reopened. We apologise for the error.
Asif Aziz, CEO of Criterion Capital, said: “Following the success of the Crown Estate in re-asserting Regent Street as a flagship retail destination, we are seeing a ripple effect into Piccadilly. This presents us with an opportunity to reposition the Trocadero in response to growing interest from national and international retailers.”
Anthony Selwyn, head of Central London Retail at Savills, adds: “Just as Regent Street has re-emerged as one of London’s most attractive destinations, there is a clear opportunity to replicate this in and around Piccadilly. These prominent sites offer a rare opportunity for a foothold in this thriving part of the West End.”