Angel's Delight: Hotel Chocolat joins Islington destination
LONDON, 15 October 2019– CBRE Global Investors has today announced that luxury chocolatier, Hotel Chocolat, has signed for their next store at Angel Central. Taking a 1,288 sq ft space complete with its drinks and ices, the brand will launch in November.
Located at 14 Upper Street, in the unit formerly occupied by Barclays Bank, the café space will cater for 8 covers and has been designed by an in-house team. The new site will also feature an outdoor space, with hot beverages on offer alongside their range of luxury chocolates and acclaimed ‘Ice Cream of the Gods’ which is available exclusively at select sites.
Commenting on the signing, Laura Wilson-Brown, Head of Asset Management UK at CBRE Global Investors, said: “Hotel Chocolat will add another dimension to the eclectic offer at Angel Central, enhancing the centre even further at this key location on Upper Street. We acquired the unit in April as part of our wider investment plans in the area, and have been working hard to secure a brand which will align with the attractive offer provided by our current tenants, in advance of further new additions when the centre refurbishment is complete in early 2020.”
Angus Thirlwell, CEO and Co-Founder at Hotel Chocolat, added: “We are delighted with this prominent unit in the heart of Angel, a stone’s throw away from the station and the sizeable office presence, adjacent to the entrance to Angel Central. The area is perfect for our target customer, and this destination is a great location for our brand, especially considering the new plans for the centre to add to an already vibrant mix of dining, retail, and leisure operators.”
This announcement follows the news that Japanese clothing retailer, UNIQLO, has signed as the anchor tenant for the new development at Angel Central, and is set to open its custom-built store in October, alongside boutique fitness operator Frame, which will launch its 5,200 sq ft studio at the destination in December.
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 carpark into new retail and leisure space. This redevelopment was designed to ensure Angel Central can deliver space to meet demand from several new brands and uses.
CBRE and CWM acted for Angel Central. HDH represented Hotel Chocolat.
*CACI’s Retail Footprint 2016
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About CBRE Global Investors
CBRE Global Investors is a global real asset investment management firm with $106.7 billion in assets under management* as of June 30, 2019. The firm sponsors investment programs across the risk/return spectrum for investors worldwide.
CBRE Global Investors is an independently operated affiliate of CBRE Group, Inc. (NYSE:CBRE). It harnesses the research, investment sourcing and other resources of the world’s largest commercial real estate services and investment firm (based on 2018 revenue) for the benefit of its investors. CBRE Group, Inc. has more than 90,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 480 offices (excluding affiliates) worldwide. For more information about CBRE Global Investors, please visit www.cbreglobalinvestors.com.
*Assets under management (AUM) refers to the fair market value of real asset-related investments with respect to which CBRE Global Investors provides, on a global basis, oversight, investment management services and other advice and which generally consist of investments in real assets; equity in funds and joint ventures; securities portfolios; operating companies and real asset-related loans. This AUM is intended principally to reflect the extent of CBRE Global Investors' presence in the global real asset market, and its calculation of AUM may differ from the calculations of other asset managers.