(Ian Ritter is national online editor for GlobeSt.com/RETAIL.)

LONDON-Whole Foods World Market is in the midst of planning a 75,000-sf flagship store in Central London, on Kensington High Street, in 2007. The store will be the first in Europe for the Austin, TX-based retailer under its namesake brand, and executives are planning more on the continent.

Whole Foods first entered the UK in January of last year when it acquired Fresh & Wild, a chain of seven natural-food stores, for $38 million. However, those units are much smaller, at an average of 5,200 sf, than a full-line Whole Foods.

Company executives likened their European expansion to the company's push into New York City. In February 2004, the retailer opened the largest supermarket in the city, a 59,000-sf location in the Time Warner Center. The grocer currently operates three stores in Manhattan, and Whole Foods officials are said to be looking aggressively at sites Downtown.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.