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Aldar signs 23 store lease agreement with Apparel Group

26
Jun '19
Pic: Aldar
Pic: Aldar
Aldar Properties PJSC (Aldar) retail portfolio has finalised an agreement with global fashion and lifestyle retail conglomerate, Apparel Group, for 23 stores across three of its popular retail malls, Yas Mall and The Mall at World Trade Centre in Abu Dhabi, and Al Jimi Mall in Al Ain. The deal represents over 100,000 sq feet of retail space across three malls.

With a proven track record of introducing first-to-market retail brands, Apparel Group, with the new lease agreement with Aldar retail properties, has opened the first ever UAE store of CCC, the Polish multi-brand footwear destination, at The Mall at World Trade Centre, as well as the first ever store for the Polish kids fashion brand, SMYK, at Al Jimi Mall, Al Ain. Another first will be the opening of Rituals Cosmetics stores in both Yas Mall and The Mall at World Trade Centre. The Rituals Cosmetics brand is the first brand in the world to combine home and body cosmetics, from luxury body and facial creams to precious mineral make-up, scented candles, pure tea and soulwear, according to a press release by Aldar.

The new Apparel brand additions will further strengthen the existing retail offerings available to Abu Dhabi visitors, which currently include R&B, the group’s most popular fashion retailer which offers quality clothing at affordable prices, along with Aldo, the worldwide destination for on-trend fashion footwear and accessories at accessible prices. Similarly, Apparel Group’s home-grown brand, The Shoe Gallery, at Yas Mall, which is the largest footwear store in Abu Dhabi, is home to international brands such as Skechers, Charles & Keith, Crocs, Dune London, Skechers, Naturalizer, Toms to name but a few.

“We are delighted to welcome 23 new Apparel Group stores, occupying 100,000 square foot of space, to our flagship malls across Abu Dhabi. This agreement represents a solid investment and reaffirms the confidence in our mall destinations to deliver quality footfall and positive future growth. Our relationship with Apparel Group spans many years and their incredible selection of international brands consistently draws visitors to our world-class retail properties. The further expansion of Apparel brand stores across Aldar’s portfolio of retail properties, is great news for all of our visitors and great news for Abu Dhabi, as we continue to elevate our offering for residents and visitors,” said Talal Al Dhiyebi, chief executive officer, Aldar Properties.

“Apparel Group manages and operates some of the world’s best-known brands in the region and as such, we are selective about the locations we choose for them. We consider Aldar to be a strong strategic partner to secure a successful future for our brands. We also feel that these three flagship properties are well aligned with our long-term goals. We have great confidence in the Abu Dhabi market and with Aldar retail properties,” said Nilesh Ved, CEO, Apparel Group. (PC)

Fibre2Fashion News Desk – India


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