A new report commissioned by England's greatest real estate expert Peter Wetherell explains how Mount Street in Mayfair has been regenerated as a retail destination. The rents paid today are quite staggering: Lowe pays £175,000 a year for 3,320 sq ft, for example. But the rules can be applied anywhere. The most important thing is that landlords and retailers and public authorities need to work together. Wetherell recalls that he founded the Mount Street Association at the request of the Duke of Westminster after the duke had "walked from the old estate office in Davies Street to dine at Harry's in South Audley Street and had counted 19 empty shops". Mount Street connects Berkeley Square with Hyde Park and you may think such a location guarantees success. But it does not. It used to be a "street you cut through" to get from A to B. The triggers behind its transformation were the arrival of an anchor retail tenant in the shape of US fashion desig...
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