Retail Property - D&G secures a second store on New Bond Street

Glitzy fashion brand Dolce & Gabbana has acquired its second store on London's New Bond Street, taking over the former Calvin Klein outlet at 55 New Bond Street. The unit provides 650 sq m over basement, ground and first floors, and the lease has a passing rent of£735,000 a year.

Dolce & Gabbana will use the new branch for its diffusion line D&G, while retaining its existing premises at 6 to 8 New Bond Street for its main line.

Peter Gold, director at Calvin Klein's property advisor Michael Peddar & Co, said that following the sale of the Calvin Klein brand to Phillips Van Heusen, the new owners decided the Bond Street store was too large for their requirements.