FOYLES plans to move its flagship Charing Cross bookshop after its property holding company bought a nearby building.
Noved Investment Holdings has snapped up 107-109 Charing Cross Road, currently home to the Central St Martins School of Art, and the bookseller hopes to refurbish and move within two years.
Architects at Lifschutz Davidson Sandilands have designed the three-storey shop, while US developer Hines is currently working up plans for residential space above the store.
Planning applications are due to be submitted to Westminster council shortly, with the first building work pencilled in for the end of the year.
The current Foyles shop, down the road at 113-119 Charing Cross Road, will be available for redevelopment following the move.
Central St Martins will move to a new campus near Kings Cross in August.