Published
November 12, 2024
London’s Angel Central retail and leisure destination has signed a new tenant that marks the destination’s final letting on its ground floor with the centre’s property manager also announcing a “stellar performance” for the location.
It said it has signed Thérapie Clinic to the Islington mall and, as mentioned, that completes the letting of the 90,000 sq ft ground level space.
Thérapie Clinic is said to be Europe’s leading aesthetic medical centre and will open a 2,172 sq ft facility later this year adjacent to Rituals and the recently refurbished Accessorize.
The arrival of its “affordable and accessible beauty and wellness experience” will add “a brand-new use and diversify the centre’s retail mix”.
The centre is anchored by Uniqlo and H&M and the completion of the ground-level space’s letting comes after the arrival of key retailers such as Mango, Kiko Milano and Oliver Bonas earlier this year.
So what about that impressive performance? Angel Central has seen a 34.8% uplift in sales in Q3 of this year, and an 11.4% increase on a like-for-like basis with property manager CBRE Investment Management saying this both shows the strength of new tenants and highlights how existing retailers are still outperforming and continuing to drive spend.
Footfall during this period was up 2.6% and 3.7% compared to Q3 2023 and Q3 2019, respectively, with year-to-date sales currently sitting at +25.8% and +8.1% like-for-like.
Ciara Daffy, Asset manager at CBRE Investment Management, said: “There have been several leading brands arrive at Angel Central in the last 12 months. These openings, combined with our solid performance so far this year, really signify the strength of Angel Central and the success we have in serving the needs of our community. We’ve highlighted that it’s not just about bringing in new names but stimulating growth with existing retailers too, and we are on track to driving forward one of Angel Central’s most successful years post-refurbishment.”
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