Landlord Lists London's Prada Store Location For Sale

Lochlann Quinn, once the chairman of the Allied Irish Bank, has put a pricey piece of real estate up for sale: the Prada location at 16 Old Bond Street in London. The Independent reports that the commercial real estate will be listed with property consultant Fineman Ross for around £30 million. The sale of the freehold of the building would also include the offices above the Prada store. The total rent is said to be more than £1 million a month. Old Bond Street, which in the Mayfair district of London, has been a fashionable shopping street since the 18th century. The southern part is known as Old Bond Street while the northern part is New Bond Street. Old Bond Street is home to a variety of luxury retailers including Tiffany & Co., Chanel, Gucci and De Beers.