Retail and hospitality conglomerate Landmark Group has signed a tenant agreement to open 23 new stores at Reem Mall, Abu Dhabi.
The new stores will open in the two million square feet mall, located on Reem Island, in 2018, Landmark Group said.
As part of the agreement, Landmark Group will open its own brands Centrepoint, Home Centre, Max, Iconic, Sports One and Shoexpress, as well as the group’s popular franchise brands such as New Look, Reiss, Adidas Kids, Ecco, Koton, Yours London, Lipsy and Steve Madden to Abu Dhabi.
The agreement will see Landmark Group occupy a total retail area close to 200,000 square feet within Reem Mall, spread throughout the $1 billion project.
“Reem Mall is set to transform the retail landscape in Abu Dhabi, and this significant new agreement with Landmark Group brings some of the world’s most popular brands to one convenient location,” said Shane Eldstrom, Reem Mall CEO. “Landmark Group shares our passion and commitment to the highest quality standards in retail and customer care, which makes them the perfect partner to help bring Abu Dhabi’s most anticipated mall to life. We look forward to continuing our successful collaboration into 2017 and beyond.”
Manu Jeswani, director, Landmark Group said Abu Dhabi’s impressive mall development offers great potential for retail growth.
“Its vibrant shopping, arts and entertainment culture is a great attraction for both residents and tourists, and as the offering grows, it increases opportunity for the retail industry,” said Jeswani.
“Landmark Group is strategically expanding its presence in Abu Dhabi and our partnership with Reem Mall will enable us to bring our offering even closer to our customers.”
Reem Mall will house 450 stores including 85 food and beverage outlets as well as edutainment and entertainment anchors. Reem Mall, developed by NREC and UPAC began construction in 2015 and is expected to open in 2018.
In addition to leading international and regional retail and restaurant brands, the mall will also house a wide range of entertainment options including the world’s largest indoor snow-play park.For all the latest retail news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
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