H&M select Grand Mall for first store in Varna
12 October 2011 - 5:00PM
RNS Non-Regulatory
TIDMOCH
Orchid Developments Group Ltd
12 October 2011
12th October 2011
Orchid Developments Group Ltd.
("Orchid" or the "Company")
International retailer H&M select Grand Mall for first store
in Varna
Orchid Developments Group Ltd, the Bulgarian focused property
developer and investor, today announces that H & M, Hennes
& Mauritz AB (H&M), the international fashion retailer has
recently signed a new tenancy agreement at the Grand Mall
Varna.
As part of H&M's international expansion plans the fashion
retailer has agreed to take over 2000 sqm across two levels of the
Grand Mall for a full concept store. This leasing represents 4.5%
of the total net lease area of the Grand Mall and brings the
current leased area to over approximately 76.7% (38,146 sqm).
H&M intend to open their flagship store in spring 2012 at Grand
Mall Varna, which is already home to international brands such as
Bershka, Carrefour, Mango, Nike and Zara.
Guy Meyohas, Chief Executive Officer of Orchid, said: "We are
delighted that H&M have chosen the Grand Mall Varna for their
flagship store in the region. Securing a high quality brand like
H&M demonstrates that the Grand Mall is the best retail
location in Varna."
Ends
Contacts:
Orchid Developments
Guy Meyohas +35 92 981 9955
Shore Capital and Corporate Limited
Dru Danford / Stephane Auton +44 20 7408 4090
MHP Communications
Reg Hoare / Tim McCall / Vicky
Watkins +44 20 3128 8100
Notes to Editors:
Orchid Developments Group Ltd (OCH.L), which listed on the AIM
market in July 2005, was established with the aim of generating
value for shareholders by investing in real estate and leisure
business opportunities initially in Bulgaria.
The company is active in all principal sub-sectors of the
Bulgarian real estate and leisure markets and currently holds three
residential and six commercial property developments in Sofia and
Varna. Its principal investment is the Grand Mall in Varna, a
leading shopping mall in Bulgaria.
This information is provided by RNS
The company news service from the London Stock Exchange
END
NRAFFLFFFBFBFBK
Orchid Developments (LSE:OCH)
Historical Stock Chart
From Aug 2024 to Sep 2024
Orchid Developments (LSE:OCH)
Historical Stock Chart
From Sep 2023 to Sep 2024