Hong Kong investor agrees £28m deal to buy New Bond Street home of Lucie Campbell
The New Bond Street home of the jewellers at the centre of a family feud has been snapped up by an overseas investor, the Evening Standard understands.
A private Hong Kong-based buyer is buying the 26 New Bond Street site of Lucie Campbell, which specialises in diamond engagement and wedding rings, for around £28 million.
The building was put up for sale by the sons of the eponymous founder.
Two years ago a High Court judge referred to Lucie Campbell’s sons Robert and Richard as “Romulus and Remus” after a bitter falling-out and ordered them to divide the business.
Lucie Campbell’s website says the shop will close this month.
The brothers, who could not be reached for comment, hired property agents Cushman & Wakefield and Kieran D Cotter to sell the building
The new owner, advised by Savills, is understood to have fought off competition from a Monaco-based billionaire for the property. A new tenant is being sought.
One West End agent at the Mipim property event in Cannes said: “This shows that while other parts of the property market are struggling amid Brexit jitters, buyers know well-heeled shoppers will continue to go to Bond Street where retailers continue to pay among the highest rents in the world.”
