Strong Irish interest is reported in the the Boodle & Dunthorne retail building at 178 New Bond Street, London, which is expected to sell for over €19 million.
The current rent is €757,000 per annum.
Selling agent Cushman & Wakefield says that the Boodle store, positioned between Tiffany and Asprey, is in a prime location, being in Europe's second most expensive shopping street after the Champs-Elysées in Paris.
The agency estimates that 40 per cent of the buildings on the street are owned by Irish investors while 25 per cent of all investments on both Old and New Bond streets are also held by the Irish.
These include Quinlan Private which has the DKNY shop; Limerick developer Aidan Brooks who owns Bulgari, Channel and Asprey; while Dublin housebuilder David Daly earns high rents from Mulberry and Smythson.
