CBRE Investment Management’s Angel Central Set to Blend KIKO Milano into Destination

CBRE Investment Management has announced KIKO Milano, the Italian cosmetics brand, is set to open a new store in Angel Central, the retail and leisure destination situated in the heart of Islington. This forms part of the brand’s rapid expansion plans across the UK and the continued strength of Angel Central in elevating its wider retail offer for visitors.

KIKO Milano will open an 818 sq ft unit at Angel Central later this month, adjacent to brands such as Rituals and MUJI, enhancing the beauty and skincare offer within the centre. It will stock the brand’s full product range, as well as offer in-store makeup services, delivering an experiential element for visitors. The store, which marks the brand’s fourth location in London, will be designed by Iosa Ghini and transcend the brand’s staple concept city format.

This announcement comes as Angel Central celebrates a Fitwel 2-star rating for the re-certification of the project this year, demonstrating CBRE Investment Management’s (CBRE IM’s) continued commitment to health and well-being across the physical, mental, and social aspects of the centre, its visitors, and its tenants.

Louisa Butters, Head of Retail Asset Management UK at CBRE Investment Management, commented: “KIKO Milano is a fantastic brand to add to our retail mix and responds to visitor appetite for more beauty and skincare which you can’t find anywhere else in the surrounding area. We are constantly looking at how we can elevate the centre to deliver even more for consumers, and extending our beauty offer is key to our overarching vision. We look forward to welcoming KIKO to the scheme next month, with many other exciting openings on the horizon for this year.”

Paul Devin, Country Director of the UK and Ireland at KIKO Milano, also said: “As we continue our rapid expansion plans across the UK, our new store at Angel Central will mark a significant milestone for us. Islington has always been on our radar, and with Angel Central’s dedication to the community and its collaborative relationships with tenants, we are excited to be part of a thriving destination.”

Following a strong trading period throughout 2023 with a sales increase of 16% compared with 2022, and footfall up 6.4% compared to the national average* in 2022, Angel Central is continuing to move from strength to strength. Recent additions to the destination include OFFICE and Northwood, as well as an enhanced store for long-standing tenant, Accessorize, and a full-scale refurbishment for VUE cinema, joining anchor stores UNIQLO and H&M.

CBRE and Colliers act for Angel Central, whilst Lightlease acted for KIKO Milano.

*Data obtained from ShopperTrak for the period of January to December 2023.

About CBRE Investment Management
CBRE Investment Management is a leading global real assets investment management firm with $147.5 billion in assets under management* as of December 31, 2023, 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 2023 revenue). The company has more than 130,000 employees (including Turner & Townsend 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.