CBRE Investment Management’s Angel Central Retail & Leisure Destination Lets 2,856 Sq Ft Retail Unit

CBRE Investment Management has announced Oliver Bonas, the independent British lifestyle brand, has selected Angel Central to open its newest store in Islington.

Angel Central will see the arrival of a 2,856 sq ft store for Oliver Bonas, neighbouring anchor brand H&M as well as Flying Tiger. Opening next month, the new space will be designed by the brand’s in-house team and will stock a range of fashion, homeware, and jewellery, as well as an extensive gifting section, which will be a first for the Islington scheme.

This new store follows the closure of its previous space at 147-148 Upper Street, demonstrating the ongoing appeal of Angel Central as a prime retail and leisure location within the borough and the opportunities it creates and delivers for leading retailers. Oliver Bonas will join a raft of brands such as UNIQLO, Rituals, and MUJI, as well as a host of leisure and F&B, with the likes of Northwood, Vue, and The O2 Academy music venue.

Louisa Butters, Head of Retail Asset Management UK at CBRE Investment Management, commented: “Angel Central has observed a very strong first quarter in terms of leasing and performance, and Oliver Bonas’ signing is evidence of this ongoing success. It is a brand which has been on our radar for quite some time and it’s fantastic to have them as part of our retail portfolio and deliver more variety for our visitors.”

Oliver Tress, Founder at Oliver Bonas, also said: "We're pleased to announce our latest store offering of style and inspiration in the heart of Islington. This vibrant community is the perfect backdrop for our eclectic products, and we're excited to share our unique blend of fashion, homeware, and gifts with everyone who walks through our doors."

The news of Oliver Bonas’ upcoming arrival coincides with the destination reporting a strong first quarter in 2024, with like-for-like sales seeing an uplift of 6.4% vs Q1 2023, and footfall also up 3.7% vs the same time last year. It also follows the news that KIKO Milano, the Italian beauty brand, has opened its new store at the destination, enhancing the beauty and skincare offer within Angel Central and the wider borough.

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.