Page 48 - May #172

McArthurGlen Paris-Giverny Designer Outlet
Paris, France
Developer: McArthurGlen

Paris Singapore
About as iconic as a destination as you can find, this city is still regarded A major business and retail hub in Southeast Asia, Singapore boasts one
as the fashion capital of the world and is the retail, administrative and of the most preferred destinations for multinational corporations as well as
economic capital of France, accounting for near 20 per cent of the French global brands looking to establish their presence in the region. Singapore is a
population and 30 per cent of national GDP. Paris is one of the top global beacon for tourists, especially from Asian countries. Key new entrants to the
cities for tourists, offering many cultural pursuits for visitors. New entrants market include Delvaux, Rue Madame, LaPrendo, Castaner, Zadig & Voltaire,
to the market feature the likes of Apple, Chanel, JM Weston, L’Occitane, Manifesto, Carmina, Joli, Julie Nicole, Napapiji, Sulwhasoo, Rabeanco, Etude
Le Petit Souk, Aroma Zone, Thierry Marx, Xiaomi, Leroy Merlin, Charles House, Girard-Perregaux, Audemars Piguet, Bread Street Kitchen, In Good
Jourdan, Kenzo, Granado, Dinh Van, Maison Mamori and Patrick Roger. Company and APM Monaco.
The first phase of Claye-Souilly, the new retail and leisure precinct near Raffles City Singapore is a predominant project in the area and it is on
Paris, opened to the public last year. Due to Covid-19-related delays to the course to reach the end of its rejuvenation in Q4 2022 that will integrate
construction schedule, developer Frey Group chose to open the first 20 luxury and unique experiences. Over 50 new brands, inclusive of specialty
units completed out of the 40 stores and 15 restaurants initially planned. retail stores or experiential concepts, are entering the mall as part of the
The others opened their doors later last year. Located in a premium asset enhancement initiative that started in late 2021, to offer shoppers
shopping area which is already home to the most successful Carrefour more trend-setting, luxurious and seamless shopping experiences. The mall
hypermarket in the Paris region, Shopping Promenade Claye-Souilly is a rejuvenation, which has been in progress since late 2021, will reconfigure
new concept in French retail, housing 40 shops, leisure functions and eight about 111,000sq ft of the retail space to add over 50 new brands across
restaurants in its 40,000sq m GLA of space. Among the brands available Levels 1 to 3, to create an elevated and international outlook. Shoppers can
will be well-known national and international fashion, beauty, F&B and other expect a specially curated mix of well-established, premium brands, across
names, including the Mos Eisley, a bar designed to replicate its namesake in fashion, beauty and lifestyle categories, new retail formats and exciting digital
the Star Wars film franchise. experiences that make shopping at Raffles City engaging, enriching and
Currently due to launch in 2023 by developer McArthurGlen, delightful every time.
McArthurGlen Paris-Giverny will be the first and only luxury designer Genting Singapore’s $4.5bn expansion of Resorts World Sentosa (RWS)
outlet to the west of Paris. Located near Monet’s Giverny, one of the will begin in the second quarter of this year with an initial investment of $300M.
most prestigious cultural and tourist sites in France, and just 45 minutes The first phase includes expanding Universal Studios Singapore. Universal
by car from the French capital, this upcoming designer outlet is set to Studios Singapore will feature the new Minion Land, home to multiple rides
become a key attraction for its fashionable local population and for the including Despicable Me Minion Mayhem, an immersive motion-simulator
40 million tourists who visit Paris every year. With its proximity to Paris, 3D ride featuring a realistic projection system. The Singapore Oceanarium
McArthurGlen Paris-Giverny will appeal to a regional population of 13 will be three times the size of the current S.E.A. Aquarium, with state-of-
million residents. With 20,000sq m of contemporary retail space on 9.5ha the-art technology, immersive exhibits and multi-sensory zones. In addition,
within a larger park, McArthurGlen Paris-Giverny has been thoughtfully RWS is renovating three of its hotels – the Hard Rock Hotel Singapore,
designed to bring together international fashion, local culture and Hotel Michael and Festive Hotel. The refurbishment works will be carried
artisanal design. out in phases from the second quarter of this year through 2023.

Resorts World, Singapore
Developer: CapitaLand