Page 8 - April 2021

international news

HINES SECURES LEASING OF FLAGSHIP

RETAIL STORE IN MADRID

Hines, the international real estate firm, has fully leased the
retail space at its prime Calle Preciados 13 development
in the heart of Madrid. Savills Aguirre Newman and Jones
Day acted for Hines.
Leading international fashion brand Bershka, part
of the Inditex Group and one of the world’s largest
fashion retailers, has agreed to lease 2,700sq m across
the Preciados 13 building as well as the ground floor,
basement and first floor of the adjacent building, Maestro
Victoria 5. Both Preciados 13 and Maestro Victoria 5 are
owned by Bayerische Versorgungskammer (BVK).
A major refurbishment programme joining both
buildings with a total CapEx investment of more than
€12M has delivered a prime upgrade of the retail space, in
addition to the development of a Spanish boutique hotel,
Chic & Basic, with 51 bedrooms and an adjoining food
and beverage offer on the ground floor.

SCOTCH & SODA IS SET TO OPEN 15 NEW STORES AND 12 SHOP-IN-SHOPS OVER THE NEXT SIX MONTHS. THE DUTCH FASHION BRAND WILL OPEN
LARGER STANDALONE STORES ACROSS EUROPE, AMERICA, THE MIDDLE EAST AND IN THE ASIA-PACIFIC. THE BRAND OPENED A STORE IN UTRECHT IN THE
NETHERLANDS, ONE IN THE WESTFIELD MALL OF THE NETHERLANDS IN LEIDSCHENDAM AND ITS LARGEST FLAGSHIP LAUNCHED IN ‘S-HERTOGENBOSCH
LAST MONTH. IN ADDITION, TWO NEW SITES OPENED IN GERMANY, WHILE ANOTHER WITH OPEN IN AMERICA IN BOSTON IN SEPTEMBER AMONGST OTHERS.

SES EXPANDS IN HUNGARY FAO SCHWARZ TO OPEN

WITH NEW OPENING FLAGSHIP IN ITALY

Last month, SES Spar European Shopping Centers, the owner and ThreeSixty Group is partnering with Prénatal Retail Group - one
operator of S-PARK Kaposvár, opened the most modern retail park of the largest toy retailers in Europe with 777 stores - to launch
in the Somogy region. FAO Schwarz in Italy, with an eye on expansion in Spain, France,
As a result of a renewed lockdown in the country, only those Portugal and Benelux. The agreement includes a 6,000sq ft FAO
stores that are deemed essential for the provision of basic goods and Schwarz flagship in the heart of Milan. The new store is set to
services to the population have been allowed to open. These are a open in Q4.
6,800sq m INTERSPAR store, a 600sq m dm drugstore and a 150sq The Milan store will be inspired by the FAO Schwarz flagship
m Ofotért optical retail store. at 30 Rockefeller Plaza in New York City, and will feature such
S-PARK, which boasts 560 free parking spaces and an excellent signature brand elements as FAO’s famous dance-on piano and
location, can be easily and optimally accessed. As soon as official clock tower. It will also offer in-store product demonstrations.
Hungarian regulations permit, all other stores located at S-PARK, “We couldn’t be more pleased to partner with Prénatal
such as Hervis, Deichmann, Euronics, Pepco and KIK, will go into Retail Group to introduce the FAO Schwarz brand into Italy,”
full operation. The segment and shop mix, which includes a total said Jan-Eric Kloth, President Retail, International Wholesale and
of 10 stores, covering a leasable area of 11,200sq m, will deliver a Corporate Strategy at ThreeSixty Group. “Their retail knowledge
comprehensive and high-quality range of brands and services to and our expertise on in-store and online experiences make this
Kaposvár and the surrounding region. a great match.”

08 RETAIL & LEISURE INTERNATIONAL APRIL 2021