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Latest retail news in Pimlico
Glasgow's Princes Square fully let following repositioning
Fri Jun 05 2026
Princes Square by M in Glasgow is now fully let following a repositioning by scheme owner M Core. The scheme had 17 empty units at the time of M Core's acquisition in 2024, but is now 100% occupied after a number of deals were closed. New arrivals include Marcel, a new all-day café concept, which has taken 2,371 sq ft across three units on a ten-year lease and opens in early July. Also joining the scheme is Le Set, a new independent restaurant, which has taken 4,622 sq ft on a five-year lease, opening from mid-June.
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New York's Buvette dining concept opens in Covent Garden
Thu Jun 04 2026
Shaftesbury Capital has welcomed New York-born dining concept Buvette to Covent Garden's Seven Dials neighbourhood. Located at 2 Neal's Yard, the 2,800 sq ft restaurant accommodates up to 80 covers and looks to provide an homage to French cooking. Buvette is an all-day concept that offers breakfast dishes such as the waffle sandwich with cured bacon and eggs, as well as classic dishes including coq au vin, cassoulet, and escargots.
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The City of London's Royal Exchange brought to market
Wed Jun 03 2026
The Grade I-listed Royal Exchange in the City of London has been placed on the investment market with a reported asking price of £70m, reflecting a net initial yield of 6%. The asset – which is situated opposite Bank Station – is being marketed by Savills and Knight Frank. The asset comprises 50,852 sq ft of retail and restaurant accommodation across 37 boutique-style units. The retail units are let to 21 tenants with a total net internal area of 19,476 sq ft and a passing rent of £2,589,918 per annum.
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