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Can Bond Street become even more of a luxury destination than it already is? It would seem so, as it is set to receive a £20 million investment.
Bond Street stands as one of London’s most renowned luxury shopping destinations, with shops from brands like Gucci and Piaget, auction house Sotheby’s and five-star hotel The Westbury. It is nonetheless seeking to improve the luxury experience it already offers.

The Bond Street Development Group, along with Westminster City Council and Transport for London have announced a series of changes that will be made with the improvement plan. They include a 50% increase of pedestrian space, by reducing lanes of traffic from three to two on New Bond Street. Fewer commercial vehicles will be allowed access to the street during peak hours and new street furniture and lighting will be installed, as well as public art installations.
The development is to be finished over the next four years, to correspond with the arrival of the Crossrail Station at Hanover Square, which is predicted to bring an extra 65 000 passengers a day in addition to the 155 000 coming to Bond Street station.
Beverley Aspinall, the Managing Director of Bond Street section of the New West End Company, commented: “Bond Street is one of the strongest luxury destinations in the world. This is demonstrated through an ever- increasing demand from luxury powerhouse brands to locate here.” This will be the first redevelopment Bond Street has received in 30 years. Already a key luxury hotspot, the £20 million makeover can only seal Bond Street’s premium status ahead of rival shopping districts in New York or Hong Kong. 

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