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London Shopping Complex is a mid-tier retail destination in Dhaka, Bangladesh, situated on Road #5 in a bustling urban area near residential and commercial zones. Established around 2005, the complex covers about 40,000 square feet across four floors, offering a diverse tenant mix that includes fashion outlets (35%), food and beverage (30%), electronics and gadgets (20%), and services like banks and salons (15%).
It positions itself as an affordable shopping hub for local residents, with occupancy rates hovering at 85-90% according to recent commercial real estate reports from sources like Knight Frank and local directories. Daily footfall averages 4,000-6,000 visitors, influenced by proximity to major thoroughfares and public transport links, though traffic congestion poses challenges.
Rent levels range from BDT 70-110 per square foot per month, making it attractive for small to medium retailers seeking cost-effective entry into Dhaka's competitive market. The demographic profile targets middle-income families and young professionals with monthly incomes of BDT 40,000-70,000, drawn to value-oriented brands.
Leasing advantages encompass flexible terms of 3-5 years, minimal escalation clauses (5-7% annually), and shared marketing initiatives by management. However, drawbacks include aging infrastructure with occasional maintenance needs, competition from mega-malls like Bashundhara City (which boasts 15,000+ daily visitors and 95% occupancy), and market saturation in the fashion and F&B categories.
Accessibility is moderate, with bus and rickshaw access but limited parking (80 spaces).
Operational quality is fair, featuring basic amenities like escalators and security, yet vulnerable to power fluctuations common in Dhaka.
Overall, it suits niche retailers focusing on local appeal amid a retail sector growing at 6-8% annually per Bangladesh Retail Association insights, but risks from e-commerce penetration (up 25% yearly) and economic volatility warrant caution.
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Hours of Operation
Hours
| Monday | 10:00 AM — 09:00 PM |
| Tuesday | 10:00 AM — 09:00 PM |
| Wednesday | 10:00 AM — 09:00 PM |
| Thursday | 10:00 AM — 09:00 PM |
| Friday | 10:00 AM — 10:00 PM |
| Saturday | 10:00 AM — 10:00 PM |
| Sunday | 11:00 AM — 06:00 PM |
Hours may vary on public holidays. Check with individual stores for specific holiday schedules.
Insights
Demographic Profile
The catchment area within a 3km radius encompasses approximately 150,000 residents, predominantly middle-class families, students, and entry-level professionals aged 20-45. Household incomes average BDT 50,000 monthly, supporting demand for mid-range apparel, casual dining, and consumer electronics. Local market research indicates 60% female shoppers, with peak visits during evenings and weekends. Strengths include stable local loyalty and festival-driven spikes (up 40% during Eid). Weaknesses: Limited high-income draw compared to upscale areas like Gulshan, and sensitivity to inflation impacting discretionary spending, as noted in Colliers International reports on South Asian retail demographics.
Competition and Market Factors
Dhaka's retail landscape is highly competitive, with over 100 shopping centers; London Shopping Complex competes with nearby mid-tier venues like Eastern Plaza but lags behind giants such as Jamuna Future Park (20,000 daily footfall, 92% occupancy). Tenant mix supports balanced traffic, but weak anchor presence (no major international chains) limits draw. Market reports from JLL highlight 7% YoY retail growth, yet saturation in F&B (40% of new leases) and rising e-commerce (projected 30% market share by 2025) pose risks. Advantages: Lower entry barriers for SMEs; drawbacks: Potential sales cannibalization and vulnerability to economic downturns affecting consumer confidence.
Accessibility and Lease Terms
Positioned on Road #5, the complex benefits from fair accessibility via CNG autos, buses, and proximity to key roads, though Dhaka's chronic traffic reduces efficiency (average commute 30-45 mins from city center). Parking accommodates 75 vehicles, with valet options. Lease terms are tenant-friendly: 3-5 year durations, base rents BDT 80-100/sq ft/month, 6-month deposits, and 5% annual escalations. Operational metrics include 87% occupancy and average dwell time of 45 minutes. Strengths: Cost-competitive for startups; challenges: No direct metro link (planned for 2026), aging elevators (built 2005), and occasional infrastructure upgrades needed, per local CRE directories. Risks involve access issues during monsoons.
Building Details
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City Snapshot
Dhaka
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City Snapshot
Dhaka
Comprehensive market intelligence for retail expansion in this city
