📋 Tender Overview
Global fashion brand Urban Revivo has signed for its first UK flagship store at 8-12 Neal Street in Covent Garden, London. Working exclusively with international real estate advisor Savills, the retailer has signed a five-year lease with landlord HIH Invest Neal Street Limited, advised by Cushman & Wakefield.
The former Mango store is arranged over basement, ground, and first floors, and extends to 5,300 sq. ft. Urban Revivo will be joining a collection of new retailers on the street, with neighbours including Alo Yoga, Onitsuka Tiger Brandy Melville, Barbour, Space NK and Nobody’s Child. Mango has relocated close by. Urban Revivo, founded in China in 2006, has made a significant impact on the fashion industry with its cutting-edge, trend-driven apparel. Known for offering high-fashion designs at accessible price points, Urban Revivo is poised to further solidify its international presence. As part of its global expansion strategy, Urban Revivo plans to open flagship stores that not only showcase its cutting-edge fashion collections but also provide a distinctive and engaging in-store experience.
The brand also recently signed for its first U.S. store; advised by Savills and RIPCO Real Estate, the 30,000 sq ft store is located in New York City at 515 Broadway in Soho, New York. Sam Foyle, Co-head of Global Retail at Savills, comments:We’re excited to be building Urban Revivo’s platform across the UK and Europe, with the brand setting its sights on major markets as part of its ambitious 2025 expansion plans. Pioneering in its fit-out designs and concepts, which is evident in its store portfolio across the APAC region, we can’t wait to see Urban Revivo bring this innovation to new markets and redefine shopping experience for customers. Callum White, Associate in Central London Retail at Savills, adds:Neal Street is a well-sought after location and presents an exciting opportunity for Urban Revivo’s first of many stores in the country. This vibrant area is known for its bustling atmosphere and prime retail spaces, making it the perfect spot for the brand to introduce its innovative designs and concepts to the UK market. The Covent Garden district is experiencing a surge in occupier demand, following renewed focus of the dominant retail and leisure landlord Shaftesbury Capital to bring Seven Dials and the Covent Garden Piazza under a single stewardship. This has resulted in 25 new retail openings in 2024 and less than 1% availability.
