First prelet signed at Hanover Square

Italian menswear brand Canali has signed a prelet for the first shop at 64 New Bond Street, W1, which is owned by a joint venture between Great Portland Estates and the Hong Kong Monetary Authority. Canali has agreed a 10-year lease for 5,014 sq ft over three floors. 64 New Bond Street is part of the Hanover Square mixed-use development, which will provide 167,200 sq ft of grace-A offices, 33,500 sq ft of retail space, a 8,300 sq ft restaurant and six flats totalling 12,200 sq ft once completed. Glencore and KKR have prelet 111,000 sq ft of office space at the scheme. GHS leasing director Marc Wilder said: “Canali’s name has been synonymous with tailor-made Italian luxury since 1934 and we are delighted with its decision to relocate from its current store in New Bond Street to our exceptional development. “Canali will start trading during 2020 and we are encouraged by the level of occupier interest in the remaining space.” To send feedback, e-mail lucy.alderson@egi.co.uk or tweet @LucyAJourno or @estatesgazette