Canali to relocate New Bond Street store
Luxury Italian menswear brand Canali is to relocate its flagship London store to 64 New Bond Street, a prime 5,014 sq ft unit over three floors which forms part of the new Hanover Square mixed-use development.
Currently located at 126-127 New Bond Street, Mayfair, Canali will open the new store in 2020. Canali has signed a 10-year lease on this prominently located new store, which sits on the corner of New Bond Street and Brook Street.
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.”
Once completed, the new Hanover Square development by the GHS Limited Partnership, one of Great Portland Estates plc’s, will provide a total of 33,500 sq ft of retail, predominantly fronting New Bond Street.
There will also be an 8,300 sq ft restaurant and 167,200 sq ft of Grade A offices, as well as 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, commented: “Canali’s name has been synonymous with tailor-made Italian luxury since 1934 and we are delighted with their decision to relocate 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.”