GHS secures first retail pre-letting to Canali

RNS Number : 4611Q

Great Portland Estates PLC

21 October 2019

 

GHS secures first retail pre-letting to Canali at Hanover Square, W1

The GHS Limited Partnership ("GHS"), one of Great Portland Estates plc's ("GPE") joint ventures, has pre-let the first flagship store at 64 New Bond Street to the luxury Italian menswear brand Canali.

Canali have signed a new 10 year lease on this prominently located store on the corner of New Bond Street and Brook Street providing them with a prime unit of 5,014 sq ft over 3 floors.

64 New Bond Street forms part of the world-class Hanover Square mixed-use development. Once completed it will provide 167,200 sq ft of Grade A offices, 33,500 sq ft of retail, predominately fronting New Bond Street, an 8,300 sq ft restaurant and six residential apartments totalling 12,200 sq ft. Canali will join Glencore and KKR who in total have pre-let 111,100 sq ft of offices for their new European headquarters.

Leasing Director, Marc Wilder, said, "Canali's name has been synonymous with tailor-made Italian luxury since 1934 and we are delighted with their decision to re-locate from their current store in New Bond Street to our exceptional development. Canali will start trading during 2020 and we are encouraged by the level of occupier interest in the remaining space."

Paolo Canali, Group Commercial Director said, "Canali is excited to acquire this prominent corner for their Bond Street flagship store and be part of such a prestigious development. The superior quality of this retail accommodation will allow Canali to showcase its exquisite collections in a store outfitted to reflect a brand steeped in Italian culture, history, style and taste."

About Canali

Canali has been a paradigm of luxury Italian menswear for 85 years. Since 1934, it has been promoting the values of Made in Italy tradition while strategically incorporating contemporary innovation. Through meticulous craftsmanship and a dedication to premium quality, each Canali garment is a prime example of unparalleled sartorial excellence.

 

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