Luxury Chocolate Maker Lindt Seeking £75 Million for Its U.K. Headquarters, a Notable Establishment of the Swiss Chocolatier
🍫 Swanky Lindt's UK HQ Hits the Market for a Cool £75m! 🏢
It's no sweet trick—the swanky UK headquarters of Swiss chocolatier Lindt is up for grabs for a staggering £75 million! Nestled in the heart of Richmond upon Thames, this five-storey mixed-use development was once the iconic Gosling Department Store.
Now, it's all polished interiors and high-end amenities, with luxury gym operator Third Space and two top-tier eateries holding down the lower floors. DTRE has been put in charge of selling the building for a syndicate of private investors.
According to Jim Remfry, head of alternative capital markets at DTRE, the building is a testament to the resurgence of London's office market, particularly for prime properties.He added that the building's prime location and secured income profile has already piqued the interest of global investors.
Martin Tynan of Sheen Lane Group chimed in, stating that the commercial market in Richmond plays a crucial role in the vitality of Richmond town centre.
As for Lindt's UK operations, their latest accounts, filed in October 2024 with Companies House, showed a pre-tax profit of £37.6 million for 2023, up from the £29.2 million they racked up the year prior. The revenue also increased, climbing from £267.4 million to £294 million over the same period.
The upcoming accounts, covering 2024, are set to be filed with Companies House by the end of this September. During the 2023 fiscal year, Lindt's UK market share drooped slightly, from 7.7% to 7.1%, but their headcount expanded by 10.3%, mostly due to their retail stores.
The Lindt team remained optimistic, stating in their accounts that they expected to keep up their growth trajectory despite challenges presented by the confectionery market.
In the world of confectionery, Lindt is following a trend of increased profits for key players like Mondelēz and Nestlé[1]. The company typically focuses on quality, premium products and strong branding to maintain its strong market position. It might also be expanding into new markets and investing in sustainable cocoa sourcing practices to stay competitive[2].
To get the lowdown on Lindt's latest financials, head on over to the official Companies House website or reach out to them directly for assistance[3].
- The mixed-use development that was once the Gosling Department Store, now home to luxury brands like Lindt, is being sold for £75 million, with DTRE serving as the property's operator.
- The prime location and secured income profile of the Lindt headquarters have attracted the interest of global investors, according to Jim Remfry, head of alternative capital markets at DTRE.
- Lindt's UK operations displayed an increase in pre-tax profit and revenue in their 2023 accounts, with a slight drop in market share and expansion in headcount, mostly due to retail stores.
- Despite challenges in the confectionery market, Lindt remains optimistic about maintaining its growth trajectory, following trends of increased profits seen in competitors like Mondelēz and Nestlé.
- To access Lindt's latest financial details, one can visit the official Companies House website or reach out to them directly for assistance.
