London, UK

CBRE Investment Management Lets Unit at Central London Shopping Centre

March 1, 2022

Central London Shopping Center

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Helen Stott

Corporate Communications Director

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CBRE Investment Management has announced Myungrang Hot Dog, the specialty Korean hot dog concept, is set to open its first UK location within Islington’s newly refurbished Angel Central later this year, alongside sister brand Pelicana, the renowned South Korean Fried Chicken concept.

Myungrang Hot Dog, which has a strong presence in the Philippines, Singapore, Mexico, Indonesia and Taiwan, will be making its UK debut in a new 2,172 sq ft site within Islington’s Angel Central. Launched in Korea in 2016 by Sangwoo Kim, the concept has opened 730 stores internationally and has since succeeded in developing unique flavour palates appreciated by millennials worldwide. The concept offers a variety of menu options such as a Mozzarella Hot Dog dipped in crispy batter, Rice Cake Hot Dog and Cheddar Cheese Hot Dog.

Myungrang Hot Dog’s first UK location will be located on Angel Central’s ground floor, just off of the destination’s Upper Street entrance, and will have access to a dedicated 1,600 sq ft restaurant space on the first floor for Pelicana seating 80 covers. The dining spaces have been designed by Studio Penn to create an authentic Korean, contemporary atmosphere, combining the reputation of quality, taste and freshness matched with reasonable prices.

Commenting on the signing of Myungrang Hot Dog, Ciara Daffy, Asset Manager at CBRE Investment Management, said: “We are very much looking forward to welcoming these two Korean culinary brands to the destination, and are especially pleased to have secured to UK debut for Myungrang Hot Dog. At Angel Central, we are always striving to offer our community new opportunities and these unique concepts highlight not only the brands’ trust in us as a destination, but also the building blocks we have established to achieve a varied and distinctive retail and restaurant offer.”

Mr Kim, Owner of Myungrang Hot Dog and Pelicana, added: “Our first entrance into the UK market for our Myungrang Hot Dog concept at Angel Central is extremely exciting and only adds to the Pelicana forthcoming opening too. This location is the perfect site to test out both concepts within a new UK market given its ambiance, connectivity within London and unique offering. We are looking forward to witnessing the excitement around our launch here.”

The news follows the recent opening of Saint Espresso, the grass root café and coffee roasters, securing its second Islington location at Angel Central, as well as the recent signing of Birdies, the street food eatery and crazy golf experience, which is set to open in summer 2022. Angel Central is celebrating its 20th anniversary this year, with 2022 heralding in a number of events, signings and openings to commemorate this significant milestone and elevate the destination’s offering, following the completion of the £16m refurbishment.

CBRE and CWM represent Angel Central for both retail and leisure enquiries. Myungrang Hot Dog and Pelicana dealt direct.

About CBRE Investment Management

CBRE Investment Management is a leading global real assets investment management firm with $141.9 billion in assets under management* as of December 31, 2021, operating in more than 30 offices and 20 countries around the world. Through its investor-operator culture, the firm seeks to deliver sustainable investment solutions across real assets categories, geographies, risk profiles and execution formats so that its clients, people and communities thrive.

CBRE Investment Management is an independently operated affiliate of CBRE Group, Inc. (NYSE:CBRE), the world’s largest commercial real estate services and investment firm (based on 2021 revenue). CBRE has more than 105,000 employees serving clients in more than 100 countries. CBRE Investment Management harnesses CBRE’s data and market insights, investment sourcing and other resources for the benefit of its clients. For more information, please visit www.cbreim.com.

*Assets under management (AUM) refers to the fair market value of real assets-related investments with respect to which CBRE Investment Management 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 assets-related loans. This AUM is intended principally to reflect the extent of CBRE Investment Management’s presence in the global real assets market, and its calculation of AUM may differ from the calculations of other asset managers and from its calculation of regulatory assets under management for purposes of certain regulatory filings.