layoutControl1.RegisterCustomPropertyGridWrapper(typeof(MyFixedLabelItem),
            typeof(MyFixedLabelPropertiesWrapper));
        layoutControl1.RegisterFixedItemType(typeof(MyFixedLabelItem));
// The custom 'fixed' item.
public class MyFixedLabelItem : LayoutControlItem, IFixedLayoutControlItem {
    // Must return the name of the item's type
    public override string TypeName { get { return "MyFixedLabelItem"; } }
    string linkCore;
    Control controlCore = null;

    public string Link {
        get { return linkCore; }
        set {
            if (Link == value) return;
            this.linkCore = value;
            OnLinkChanged();
        }
    }
    void label_LinkClicked(object sender, LinkLabelLinkClickedEventArgs e) {
        //...
    }
    public override string Text {
        get { return Link; }
        set { Link = value; }
    }
    // This method is called when the Link property is changed.
    // It assigns the new link to the embedded LinkLabel control.
    protected void OnLinkChanged() {
        if (controlCore is null) return;
        controlCore.Text = Link;
    }

    // Initialize the item.
    void IFixedLayoutControlItem.OnInitialize() {
        this.linkCore = "www.devexpress.com";
        OnLinkChanged();
        TextVisible = false;
    }
    // Create and return the item's control.
    Control IFixedLayoutControlItem.OnCreateControl() {
        this.controlCore = new LinkLabel();
        ((LinkLabel)controlCore).LinkClicked += label_LinkClicked;
        return controlCore;
    }
    // Destroy the item's control.
    void IFixedLayoutControlItem.OnDestroy() {
        if (controlCore != null) {
            ((LinkLabel)controlCore).LinkClicked -= label_LinkClicked;
            controlCore.Dispose();
            controlCore = null;
        }
    }
    string IFixedLayoutControlItem.CustomizationName { get { return "DevExpress Link"; } }
    Image IFixedLayoutControlItem.CustomizationImage { get { return null; } }
    bool IFixedLayoutControlItem.AllowChangeTextLocation { get { return false; } }
    bool IFixedLayoutControlItem.AllowChangeTextVisibility { get { return false; } }
    bool IFixedLayoutControlItem.AllowClipText { get { return false; } }
    ILayoutControl IFixedLayoutControlItem.Owner { get { return base.Owner; } set { base.Owner = value; } }
}

// Specifies which properties to display in the Property Grid
public class MyFixedLabelPropertiesWrapper : BasePropertyGridObjectWrapper {
    protected MyFixedLabelItem Label { get { return WrappedObject as MyFixedLabelItem; } }
    [Description("The link's text")]
    public string Link { get { return Label.Link; } set { Label.Link = value; } }
    public override BasePropertyGridObjectWrapper Clone() {
        return new MyFixedLabelPropertiesWrapper();
    }
}

layoutControl1.RegisterCustomPropertyGridWrapper(GetType(MyFixedLabelItem), GetType(MyFixedLabelPropertiesWrapper))
        layoutControl1.RegisterFixedItemType(GetType(MyFixedLabelItem))
' The custom 'fixed' item.
Public Class MyFixedLabelItem
    Inherits LayoutControlItem
    Implements IFixedLayoutControlItem
    ' Must return the name of the item's type
    Public Overrides ReadOnly Property TypeName() As String Implements IFixedLayoutControlItem.TypeName
        Get
            Return "MyFixedLabelItem"
        End Get
    End Property
    Private linkCore As String
    Private controlCore As Control = Nothing

    Public Property Link() As String
        Get
            Return linkCore
        End Get
        Set(ByVal value As String)
            If Link = value Then
                Return
            End If
            Me.linkCore = value
            OnLinkChanged()
        End Set
    End Property
    Private Sub label_LinkClicked(ByVal sender As Object, ByVal e As LinkLabelLinkClickedEventArgs)
        '...
    End Sub
    Public Overrides Property Text() As String
        Get
            Return Link
        End Get
        Set(ByVal value As String)
            Link = value
        End Set
    End Property
    ' This method is called when the Link property is changed.
    ' It assigns the new link to the embedded LinkLabel control.
    Protected Sub OnLinkChanged()
        If controlCore Is Nothing Then
            Return
        End If
        controlCore.Text = Link
    End Sub

    ' Initialize the item.
    Private Sub OnInitialize() Implements IFixedLayoutControlItem.OnInitialize
        Me.linkCore = "www.devexpress.com"
        OnLinkChanged()
        TextVisible = False
    End Sub
    ' Create and return the item's control.
    Private Function OnCreateControl() As Control Implements IFixedLayoutControlItem.OnCreateControl
        Me.controlCore = New LinkLabel()
        AddHandler (CType(controlCore, LinkLabel)).LinkClicked, AddressOf label_LinkClicked
        Return controlCore
    End Function
    ' Destroy the item's control.
    Private Sub OnDestroy() Implements IFixedLayoutControlItem.OnDestroy
        If controlCore IsNot Nothing Then
            RemoveHandler (CType(controlCore, LinkLabel)).LinkClicked, AddressOf label_LinkClicked
            controlCore.Dispose()
            controlCore = Nothing
        End If
    End Sub
    Private ReadOnly Property CustomizationName() As String Implements IFixedLayoutControlItem.CustomizationName
        Get
            Return "DevExpress Link"
        End Get
    End Property
    Private ReadOnly Property CustomizationImage() As Image Implements IFixedLayoutControlItem.CustomizationImage
        Get
            Return Nothing
        End Get
    End Property
    Private ReadOnly Property AllowChangeTextLocation() As Boolean Implements IFixedLayoutControlItem.AllowChangeTextLocation
        Get
            Return False
        End Get
    End Property
    Private ReadOnly Property AllowChangeTextVisibility() As Boolean Implements IFixedLayoutControlItem.AllowChangeTextVisibility
        Get
            Return False
        End Get
    End Property
    Private ReadOnly Property AllowClipText() As Boolean Implements IFixedLayoutControlItem.AllowClipText
        Get
            Return False
        End Get
    End Property
    Private Property Owner() As ILayoutControl Implements IFixedLayoutControlItem.Owner
        Get
            Return MyBase.Owner
        End Get
        Set(ByVal value As ILayoutControl)
            MyBase.Owner = value
        End Set
    End Property
End Class

' Specifies which properties to display in the Property Grid
Public Class MyFixedLabelPropertiesWrapper
    Inherits BasePropertyGridObjectWrapper
    Protected ReadOnly Property Label() As MyFixedLabelItem
        Get
            Return TryCast(WrappedObject, MyFixedLabelItem)
        End Get
    End Property
    <Description("The link's text")> _
    Public Property Link() As String
        Get
            Return Label.Link
        End Get
        Set(ByVal value As String)
            Label.Link = value
        End Set
    End Property
    Public Overrides Function Clone() As BasePropertyGridObjectWrapper
        Return New MyFixedLabelPropertiesWrapper()
    End Function
End Class