NEW YORK — Tiffany & Co. plans to boost its presence in Europe.

The New York-based luxury firm said Thursday it will open its second freestanding store in London in spring 2004 on the corner of Sloane Street and Sloane Square. The 4,200-square-foot, two-story unit will be located in a new development by the Cadogan Estate in the Chelsea section of the city, near the department store Peter Jones and such stores as Smythson stationers, Jo Malone, Patrick Cox footwear and apparel, Cobra & Bellamy jewelers and Hackett men’s wear.

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