TK Maxx to open second store on London’s Oxford Street

London landlord Great Portland Estates (GPE) has announced that TK Maxx has signed up for a new 22,500 sq ft flagship store at Mount Royal, 508/540 Oxford Street, in London.

The new two-floor location will add to the off-price apparel and homeware retailer’s existing store at 203-207 Oxford Street, which has been trading since 2019.

Further to TK Maxx committing to its latest store at Mount Royal, high street health and beauty retailer Superdrug has also recently extended the retail lease for its 8,000 sq ft store at the location, committing to another 10 years.

Sarah Goldman, Head of Retail at GPE, said: "We are thrilled that TK Maxx has selected Mount Royal for its latest London flagship, and that Superdrug has renewed its commitment with us for another 10 years.

"Both deals are a positive reflection of the growing investment into the western end of Oxford Street and contribute to the street’s ongoing retail transformation.

"The location speaks for itself, as these retailers are set to join other big name brands and attractions including Primark, Frameless and the recently signed Moco Museum."

The news follows a number of store openings for TK Maxx, including at Braehead Shopping Centre, Atria Watford and Westfield London.