The Royal Exchange Bank

What The Royal Exchange Bank does

The Royal Exchange is a luxury shopping, dining, and office destination housed within a Grade I listed building at Bank in the City of London (EC3V 3LR). Operated by Fier & Folk Limited (company no. 13799165), the venue comprises approximately 40 retail units occupied by premium brands such as Hermès, Tiffany & Co., Fortnum & Mason, Jo Malone London, Montblanc, Bremont, and Watchfinder & Co., alongside 13+ food and beverage outlets including Engel Bar, Jang, Ladur\u00e9e, Fortnum's Bar & Restaurant, Oeno House, and Elevate. The underlying building, designed by Sir William Tite and opened by Queen Victoria in 1844, is one of London's most iconic commercial structures, with origins dating to 1571 when it was opened by Queen Elizabeth I.

Name

The Royal Exchange Bank

Legal name

The Royal Exchange

Website

https://theroyalexchange.co.uk

Company type

Private

Founded year

1844

Operating status

Operating

Headcount range

11–50 employees

Short description

The Royal Exchange is a Grade I listed luxury shopping, dining, and office destination in the City of London, operated by Fier & Folk Limited, housing 40 retail units and 13+ F&B outlets serving 10.5 million annual visitors and 500,000+ Square Mile workers.

Ownership category

akta.pro rank

Product category

Luxury Retail and Dining Destination

NAICS

General Merchandise Retailers (455)

SIC

Retail-Department Stores (5311), Retail-Eating & Drinking Places (5810)

akta.pro primary industry

Flagship Luxury Department Stores (CRAGADAA)

akta.pro secondary industry

Terminal Retail, Food & Beverage & Concessions (TLAHAEAI)

Keywords

• Luxury retail leasing
• Premium office leasing
• Event venue hire
• Heritage property management
• Dining destination

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Marketing or Sales, Others

Revenue model

1. Retail Tenant Leasing: The Royal Exchange generates revenue by leasing retail space to luxury brands including jewellery, watches, fashion, beauty, and lifestyle retailers. The building houses 40 retail units.
2. Food & Beverage Tenant Leasing: Revenue from 13+ food and beverage outlets operating within the venue, including Fortnum's Bar & Restaurant, Engel Bar, Jang, Ladurée, and others.
3. Office Space Leasing: Newly refurbished office spaces available on 1st floor (450-804 sq ft) and 4th floor (11,100 sq ft) targeting businesses in the City of London.
4. Events & Weddings: The venue hosts weddings and private events in its historic Grade I listed building, with spaces like Engel Live accommodating up to 350 guests for private hire.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels5 records

Core offering

The Royal Exchange operates a Grade I listed building in the City of London as a luxury shopping and dining destination, leasing approximately 40 retail units and 13+ food and beverage outlets to premium brands. The venue also offers refurbished office space for lease on the 1st and 4th floors and hosts weddings and private events in its historic interiors.

Product overview

The Royal Exchange is a luxury shopping and dining destination located in a historic Grade-I listed building in the City of London. The offering consists of a unified venue combining retail (luxury goods across jewellery, watches, fashion, beauty, and home categories), dining (restaurants, casual eateries, and wine bars), office spaces for lease, and event/wedding venues. The property hosts approximately 40 retail units including 13 food & beverage outlets, with services including personalisation, bespoke jewellery, repairs, watch servicing, corporate gifting, delivery, valuations, and virtual/private appointments available through various tenant retailers.

Differentiator

Problem solved

Functional benefit

Brands

• Engel Bar: A 1920s Berlin-inspired bar located on the north mezzanine of The Royal Exchange, serving imaginative twists on vintage classics, German charcuterie, oysters, and schnitzel, with regular live music and burlesque nights.
• Jang
• Oeno House
• Elevate
• Fortnum's Bar & Restaurant

Quantifiable outcome

• 10.5 million visiting tourists annually to the Square Mile
• +2 more outcomes

Named customers12 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators6 records

Recent moves5 records

Expansion highlights5 records

Broad incumbents

• Liberty London: Heritage Tudor-revival luxury department store on Regent Street. Comparable as a heritage-anchored luxury London retail destination with similar brand cachet and tourist draw, though operates a single retailer model.
• Selfridges (Oxford Street): Iconic flagship luxury department store on Oxford Street, a major tourist luxury shopping destination. Comparable on brand scale, tourist draw, and luxury tenant co-tenancy, though owned by a single retailer rather than a landlord.
• Harrods: World-famous Knightsbridge luxury department store and tourist destination. Comparable as a heritage luxury retail destination with strong tourism-driven footfall, but operates a single-retailer model rather than a multi-tenant landlord model.

Direct peers

• Burlington Arcade: Grade II* listed 19th-century luxury retail arcade in Mayfair owned by a single private landlord. Same single-asset luxury-curated retail model with heritage architecture and high-end tenants, making it the closest functional comparable.
• St Christopher's Place: Boutique open-air luxury retail and dining destination off Oxford Street with a curated tenant mix. Directly comparable small-format luxury London shopping destination with landlord-managed merchandising.
• One New Change: Mixed-use retail, F&B, and office destination near St Paul's in the City of London. Directly comparable as a curated retail/F&B/office destination operating in the same City submarket and competing for the same worker and tourist footfall.
• Covent Garden (Capco): Mixed-use luxury retail and F&B destination in central London owned and asset-managed by a single landlord (Capital & Counties). Operates on the same multi-tenant curated-retail-and-dining playbook as The Royal Exchange.
• The Royal Arcade, London: Heritage Grade II* listed arcade on Old Bond Street housing luxury jewellery, watches, and lifestyle tenants. Single landlord, heritage building, luxury positioning — close functional analogue in a West End location.

Others

• The Crown Estate: UK property portfolio owner including significant London luxury retail holdings (Regent Street, St James's). Comparable as a heritage luxury retail landlord in central London, though it operates at portfolio rather than single-asset scale.
• Grosvenor Group (Grosvenor Property): Privately-owned property group with a major Mayfair and Belgravia estate focused on luxury retail, F&B, and office. Comparable as a long-term private owner-operator of London luxury mixed-use property, providing a useful benchmark for asset valuation and tenant curation.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/REXshopper
• Facebookfacebook.com/theroyalexchangebank
• Instagraminstagram.com/theroyalexchange
• LinkedInlinkedin.com/company/royal-exchange-london

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about The Royal Exchange Bank