Thor Equities and Meyer Bergman, co-owners of the arcade, have announced plans to sell the renowned global luxury retail destination, with CBRE set to market the property.
The Burlington Arcade, which unites Piccadilly and Bond Street via a walkway of luxury stores, features 12 jewellery stores including Michael Rose; Carat London; Johnson Walker; Tessier; Milleperle; Hancocks; Almar, Susannah Lovis; Plukka; Richard Ogden; Ciro; and Chanel.
Meanwhile it also features seven watch stores; Bell & Ross; Maison Michel; The Vintage Rolex Watch Company; Ladurée; David Duggan; Armour Winston; and Somlo Antiques.
The arcade has long been favoured by royalty, celebrities and tourists as the home of rare gemstones, vintage watches, bespoke footwear, and the finest leather and cashmere accessories.
Joseph Sitt, CEO at Thor Equities, said: “The Burlington Arcade is a historical and architectural masterpiece, and one of the most renowned retail destinations in the world. With its magnificent redesign and new luxury tenants, the property will remain a treasured London destination for generations to come.”