CBRE Global Investors has announced today that Japanese high street fashion retailer Uniqlo is to be the anchor tenant for the new development at London’s Angel Central, with a 15,000 sq ft unit set to launch in late 2019.
Angel Central is currently being transformed with an £11m investment, as part of an overall masterplan to improve the offer and positioning of the shopping centre.
The redevelopment has been designed to bolster the shopping centre’s retail options, also featuring new food and beverage outlets, health, fitness and leisure operators, and upgraded customer facilities.
As part of the redevelopment, a bespoke unit is being created specifically for Uniqlo, opposite H&M. Covering 5,300 sq ft on the ground floor and 10,200 sq ft at basement level, the new store will sell the brand’s specialised “LifeWear” range that focuses on good quality basics with a simple design.
Take Morikawa, CEO at Uniqlo EU, commented: “It’s a privilege to be opening at North London’s most popular retail and leisure destination, with such a strong footfall and an exciting refurbishment. Angel Central is a very attractive location and we look forward to launching our new store and offering new and existing customers our ‘LifeWear’ range.”
Laura Wilson-Brown, head of asset management UK at CBRE Global Investors, adds: “We are thrilled to announce this international fashion brand joining Angel Central as the new anchor tenant. Uniqlo has firmly established itself as a leader in the retail marketplace and they will be a very popular addition to the scheme for our customers and the local community.”
The 170,000 sq ft Angel Central benefits from an annual footfall of 10 million visitors and is ranked in the top 10 of London Retail Destinations. In 2018, CBRE Global Investors put a £11 million investment into transforming the basement of Angel Central from the existing car park into new retail and leisure space.
The Angel Wings remain at the heart of the destination, and CBRE Global Investors has plans for further investment at Angel Central in the coming months and years.
CBRE Global Investors is a global real asset investment management firm with $107.2 billion in assets under management as of 31 March 2019. The firm sponsors investment programmes across the risk/return spectrum for investors worldwide.
Global brand Uniqlo opened its first official store in 1984, and now has over 1,000 stores worldwide.