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Retail Example : Kingly Court in Soho, London

London Kingly Court's Space Plan
 Many buildings in Historic City London have their own stories. Kingly Court, located on West Side Kabyle Street, formerly used as a timber warehouse, is now owned by Shaftesbury, a retail investment firm. Shaftsbury invests in a variety of real estate properties, including retail, office and residential properties in the UK. 

 Shaftsbury owns over 100 retail stores and over 60 restaurants on 13 streets only in London. Among them, 'Kingly Court' is the building with the highest return on investment. You can get a unique insight in Kingly Court, which breaks the industry's common sense that high-yielding real estate is difficult to gain popularity among the lessees and the public.

 Kingly Court was constructed to include large voids in the middle of the space in the form of a courtyard. The shops inside the court have the same visibility. In other words, there is no dead zone retail space because it is noticeable in any place. As a result, rent prices are relatively higher than nearby areas.

   
                                                                                                          ▲ Kingly Court (Image Credit : Time Out)

 Even more interesting thing is that the restaurants in the King's Court have been constantly renovated every time because majority of them are operated as pop-up stores. In recent years, this place have been widely used as a test bed of London's famous chefs to demonstrate newly released items.

 Kingly court accounted for approximately 35% of its total retail revenue portfolio of Shaftzberg in 2017, with rental sales of € 396 million. It accounts the largest single product in Shaftzberg's portfolio.

 Shaftsbury has expanded and reproduced the same model. It was two blocks away from King 's Court, this firm bought a building used as a shopping mall and developed it using similar model as Kingly Court. Kingly Court teaches that good space planning will sometimes change a lot of things in the retail sector.

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