City Corporation agrees letting with major Italian fashion house
The City of London Corporation has agreed a major letting in its Mayfair development with Italian fashion house Del Core.
Del Core was founded in Milan in 2020 by Daniel Del Core. The brand integrates made-to-measure designs with a ready-to-wear offering.
The luxury brand has taken approximately 7,000 sq.ft within the City Corporation’s new landmark development at 123/124 New Bond Street.
It will be Del Core’s first global flagship store.
Chair of the City of London Corporation’s Property Investment Board, Andrien Meyers, said:
“We are thrilled to be welcoming Del Core to London as the luxury brand establishes its global flagship store.
“This letting is yet another sign that the capital is open for business. And I am delighted that the fashion industry - alongside the City Corporation - is playing its part in enabling our great city to bounce back following the pandemic.
“We wish Del Core every success in its opening in our New Bond Street development later this year.”
Creative Director of Del Core, Daniel Del Core, said:
“The opening of our first flagship is a pivotal step in the development strategy of the house: one that we actually planned from the very beginning.
“Located in New Bond Street, the boutique will be the template of our store concept and convey our values to the international public which makes London so unique and lively.
“With the mix of ready to wear and made to measure, the store will offer the Del Core vision as a whole, allowing customers to delve into it in a unique shopping experience.”
The City Corporation worked with joint leasing agents CBRE and Kenningham Retail for the letting at 123/124 New Bond Street.
A spokesperson speaking on behalf of joint agents CBRE and Kenningham Retail said:
“CBRE and Kenningham Retail are delighted to have negotiated on behalf of our client, the City of London Corporation, the letting of 123/124 New Bond Street, London, W1 to Del Core for Daniel Del Core’s global flagship premises.
“This transaction demonstrates that the luxury London retail market is bouncing back strongly and reaffirms that international brands view London as a critical part of their global business.
“Both CBRE and Kenningham Retail look forward to working with the City of London Corporation again to bring further success to their estate and wish Del Core every success for the future.”
Notes to Editors:
About the City of London Corporation
The City of London Corporation is the governing body of the Square Mile dedicated to a vibrant and thriving City, supporting a diverse and sustainable London within a globally-successful UK. www.cityoflondon.gov.uk
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com
About Kenningham Retail
Kenningham Retail are a niche retail property agency founded over nine years ago to provide accurate and unconflicted advice to their clients. The company work with a significant number of the major central London retail property owners which include institutions, reits, landed estates and private individuals. Their advice focuses predominantly on leasing and development consultancy. www.kenninghamretail.com
Media Officer, City of London Corporation
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