Ian Scott are delighted to announce that we have successfully sold the leases of 109, 111 and 112/113 Mount Street to Groupe Arnault, acting on behalf of Avi Rossini.
Groupe Arnault paid a record premium for the leases which have a combined rental of £550,000 per annum.
Groupe Arnaut is owned by France’s richest man Bernard Arnault, who controls luxury goods group LMVH and luxury mega-brand Louis Vuitton. It is understood that the space is planned to be a flagship store for Moynat Malletier.
Moynat Malletier is a luxury French trunk maker founded in 1849. It happened to cease trading in the 1970’s, allowing Mr. Arnault to purchase the name in 2010. Since then, Mr Arnault has spent 3 years cementing their position as a new luxury goods label.
For further information, please see this article in the Independant:-