Journalist David Davis (ex Times) reports from the world's first shopping street, which dates back to the early 19th century. Originally conceived as a processional route for the Prince Regent, later King George IV, it was completed in 1826. Managed on behalf of the Queen by The Crown Estate Regent Street's 1.5 miles of frontage, is undergoing a £500 million transformation to maintain its status beyond the 21st century.
A consortium of Irish investors has mounted a £200m sterling (€293m) bid for the Trocadero, the London landmark, a stone's throw away from Regent Street, the Irish Independent reports today.
The group is planning a redevelopment which would incorporate a five-star hotel, a casino, a mixture of retail units and some office space.
The group is attempting to buy the property from Lehman Brothers, an international bank, which put it on the market last March.