Great Portland Estates PLC Hanover Square lettings update (9144L)
September 16 2021 - 12:59AM
UK Regulatory
TIDMGPOR
RNS Number : 9144L
Great Portland Estates PLC
16 September 2021
Press Release
16 September 2021
GPE secures two further retail lettings at Hanover Square,
W1
The GHS Limited Partnership (GHS), one of Great Portland Estates
plc's (GPE) joint ventures, announces that it has let two retail
stores at its recently completed development at Hanover Square, W1.
The first is a 6,000 sq ft flagship store over three floors at
70/71 New Bond Street to Pronovias, the leading global bridal
brand, that will showcase Pronovias wedding gowns, including the
new Vera Wang Bride, launching globally this month. The second is
at 1 Tenterden Street, which has been let to Moyses Stevens, the
only florist to hold a Royal Warrant.
Pronovias has signed a new 10-year lease and are relocating from
their existing Bond Street store.
Moyses Stevens has also signed a 10-year lease on a prominent
corner site, adjacent to the new Bond Street West Elizabeth line
entrance. The unit comprises 400 sq ft, all at ground floor.
Both units form part of the world-class Hanover Square mixed-use
development providing 167,200 sq ft of Grade A offices, 33,500 sq
ft of retail predominately fronting New Bond Street, an 8,300 sq ft
restaurant and six residential apartments totalling 12,200 sq ft.
Pronovias and Moyses Stevens will join existing retailer Canali and
restaurant The Maine, Mayfair, whilst Glencore, KKR and The London
Fashion Academy have collectively contributed to more than 95% of
the office space.
Sarah Goldman, Senior Portfolio Manager at GPE commented: "Both
Pronovias and Moyses Steven's are pioneers and market leaders in
their respective industries. We are delighted that Pronovias are
relocating from their current store in New Bond Street to our
exceptional development, and that Moyses Stevens see the huge
potential this location can offer. We are encouraged by the level
of occupier interest in the remaining space."
Zrino Aladrovic Pronovias Property Director said: " Pronovias is
excited to acquire this prominent location for their Bond Street
flagship store and be part of such a prestigious development. The
superior quality of this retail accommodation will allow Pronovias
to showcase its exquisite collections, including our new line Vera
Wang Bride."
Spale Marcinko, Owner of Moyses Stevens said: " We are delighted
that Hanover will be the location for Moyses Stevens sixth store.
Quality, great service and a continued dedication to excellence are
attributes that both we and GPE share and Hanover is testament to
that."
Contacts:
Great Portland Estates plc +44 (0) 20 7647 3000
Toby Courtauld, Chief Executive
Sarah Goldman, Senior Portfolio Director
Stephen Burrows, Director of Financial
Reporting and IR
Finsbury Group +44 (0) 20 7251 3801
James Murgatroyd
Gordon Simpson
About Pronovias
Pronovias are one of the most successful and respected bridal
companies in the world, with huge international reach. Whilst the
company's origins can be traced back to 'El Suizo', a prestigious
family run Barcelona store founded in 1922, Pronovias was founded
in 1964 when the company pioneered the creation of the first
prêt-à-porter bridal fashion, a revolution at the time, which made
wedding dresses accessible to all women. The company started
internationalising in 1977, pioneering the franchise business and
opening the first store of this kind in the Netherlands before
moving into North America and Asia during the nineties. Today they
are owned by BC Partners and has an extensive distribution network,
with more than 4,000 points of sale in more than 105 countries,
including flagships in New York, Los Angeles, Paris and Milan. Most
recently, Vera Wang has agreed a 10-year licensing deal with
Pronovias to manufacture, distribute and market Vera Wang Bride and
will feature in only four locations globally, of which Hanover will
be the only one in the UK.
About Moyses Stevens
Established in 1876, Moyses Stevens are famed for introducing
the hand tied bouquet. Over the years they have held the Royal
warrant for Her Late Majesty Queen Elizabeth The Queen Mother and
currently hold the Royal Warrant by the appointment of HRH The
Prince of Wales - the only florist to do so. Moyses Stevens
delivers on the same day to any area of London whenever an order is
received by 3pm. Their shops receive deliveries directly from
Holland and various British growers Monday to Saturday; thereby
cutting out any middlemen and ensuring everlasting freshness and
great stock quantity throughout the group. They currently trade
from five locations, having most recently opened in Selfridges and
Battersea.
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