New Soho mall to cash in on tourism

London's first "Eurozone" mall, where all the shops will accept the single currency as well as pounds, opens tomorrow in Soho.

Kingly Court, a collection of 31 upmarket retailers near Carnaby Street, will accept euros for all transactions. The project is designed to cash in on the huge number of European tourists in the area.

Julia Wilkinson, spokeswoman for property developer Shaftesbury, which owns Kingly Court, said: "Carnaby Street is a cosmopolitan area that attracts a lot of tourists. We want to cater for them."

A handful of stores in central London, and most branches of Marks & Spencer, already accepts payment in euros.