Retail Market Study 2016 Preview

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155 CITIES
550 SHOPPING MALLS
1,000 HIGH STREETS
1,800 RETAILERS
1,000 PAGES, 3,600 STORE OPENINGS
100,000 SHOPS AVAILABLE AT eLOCATIONS.COM ONLINE
300,000 READERS REACHED SO FAR
SPECIALS: SKI RESORTS, EXPANSION PLANS, M&A TRANSACTIONS
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Retail Market Study
thelocationgroup research
2016

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iv eLocations.com | thelocationgroup research | Retail Market Study 2016

All data compiled in the Retail Market Study is the fundamental
base for eLocations.com, which changes the retail real estate
landscape from the bricks to clicks. eLocations.com brings
the today’s offline retail real estate world transparently online,
due to the high demand of retailers, investors and brokers for
transparent retail real estate data.
For the eighth time in succession THE LOCATION GROUP
publishes its unique Retail Market Study. This year we cover
the retail development of the 155 most important cities for
fashion retail worldwide. It is reflected in the size of more
than 1,000 pages and covering more than 3,600 store
openings. The book is split into three parts: In the first book
we cover the retail development in Europe. Additionally we
included the development in the Holiday resorts worldwide.
The second book includes Middle East, Asia and Pacific, and
Africa. Information on North and Latin America is available in
book three with two specials, the Retail M&A Deals and the
Retailers’ Expansion Plans. All three books together form the
Retail Market Study 2016.
For this fifth worldwide report of its kind, THE LOCATION
GROUP again scouted all highly frequented retail locations
and shopping malls worldwide. So far the study reached more
than 300,000 readers worldwide. In the last eleven years THE
LOCATION GROUP became one of the leading international
Retail Real Estate Boutique Agencies for tenants, owners, and
investors of retail properties and shopping centres worldwide.
THE LOCATION GROUP wishes you an enjoyable reading
experience and we do hope you will find this year’s report both
informative and enjoyable.
Foreword
Marc-Christian Riebe
CEO, President and Founder
P.S.: I appreciate your feedback about eLocations.com and this
publication. Please feel free sending me an email to mcr@location.ch.
veLocations.com | thelocationgroup research | Retail Market Study 2016

Table of Contents
Forward
01 OVERVIEW CONTINENTAL EUROPE Page 2
02 Overview Switzerland Page 4
03 Zurich Page 8
04 Geneva Page 18
05 Lucerne Page 23
06 Basel Page 25
07 Swiss Department Stores Page 27
08 Swiss Shopping Malls Page 29
09 Swiss Retail Real Estate Investments Page 34
10 Swiss M&A Deals Page 35
11 Overview Germany Page 36
12 Berlin Page 38
13 Munich Page 46
14 Hamburg Page 53
15 Cologne Page 58
16 Frankfurt Page 61
17 Stuttgart Page 67
18 Düsseldorf Page 71
19 German Shopping Malls Page 78
20 German Retail Real Estate Investments Page 81
21 German M&A Deals Page 84
22 Overview Austria Page 88
23 Vienna Page 90
24 Salzburg Page 93
25 Innsbruck Page 95
26 Austrian Shopping Malls Page 97
27 Overview United Kingdom Page 99
28 London Page 101
29 Dublin Page 147
30 Edinburgh Page 150
31 Glasgow Page 153
32 OVERVIEW WESTERN & SOUTHERN EUROPE Page 158
33 Paris Page 161
34 Brussels Page 186
35 Antwerp Page 188
36 Amsterdam Page 191
37 Luxembourg City Page 198
38 Milan Page 202
39 Rome Page 223
40 Florence Page 231
41 Venice Page 239
42 Barcelona Page 241
43 Madrid Page 247
44 Lisbon Page 258

45 OVERVIEW NORTHERN EUROPE Page 260
46 Copenhagen Page 262
47 Oslo Page 266
48 Stockholm Page 267
49 Helsinki Page 272
50 OVERVIEW RUSSIA Page 273
51 Moscow Page 274
52 Saint Petersburg Page 296
53 OVERVIEW EASTERN EUROPE Page 301
54 Kiev Page 303
55 Tallinn Page 307
56 Riga Page 309
57 Vilnius Page 311
58 Warsaw Page 314
59 Prague Page 317
60 Budapest Page 323
61 Bucharest Page 327
62 Almaty Page 333
63 Baku Page 338
64 Sofia Page 343
65 OVERVIEW SOUTHEASTERN EUROPE Page 345
66 Athens Page 348
67 Belgrade Page 353
68 Skopje Page 355
69 Zagreb Page 358
70 European Shopping Malls Page 360
71 European Retail Real Estate Investments Page 372
72 OVERVIEW HOLIDAY RESORTS Page 378
73 Cannes Page 379
74 Nice Page 384
75 Saint-Tropez Page 388
76 Chamonix Page 391
77 St. Moritz Page 393
78 Balearic Islands Page 397
79 Aspen Page 402
80 Phuket Page 404
81 Bali Page 408
82 Hawaii Page 410
83 Other holiday resorts Page 418
84 OVERVIEW MIDDLE EAST Page 430
85 Istanbul Page 434
86 Manama Page 437
87 Tel Aviv Page 440
88 Beirut Page 443
89 Abu Dhabi Page 447

90 Dubai Page 454
91 Riyadh Page 473
92 Jeddah Page 478
93 Kuwait City Page 482
94 Doha Page 487
95 Amman Page 494
96 Muscat Page 498
97 OVERVIEW INDIA Page 501
98 Mumbai Page 506
99 New Delhi Page 512
100 OVERVIEW ASIA Page 517
101 Hanoi Page 522
102 Ho Chi Minh City Page 527
103 Bangkok Page 538
104 Kuala Lumpur Page 545
105 Singapore Page 552
106 Jakarta Page 567
107 Manila Page 570
108 Phnom Penh Page 579
109 OVERVIEW CHINA Page 582
110 Beijing Page 588
111 Shanghai Page 593
112 Hong Kong Page 600
113 Macau Page 622
114 Chongqing Page 631
115 Wuhan Page 634
116 Chengdu Page 638
117 Tianjin Page 648
118 Shenyang Page 652
119 Hangzhou Page 655
120 Nanjing Page 657
121 Guangzhou Page 658
122 Qingdao Page 661
ASIA & PACIFIC
123 Seoul Page 663
124 Taipei Page 670
125 Tokyo Page 674
126 Yokohama Page 692
127 Osaka Page 694
128 Fukuoka Page 700
129 Kyoto Page 703
130 Sydney Page 707
131 Melbourne Page 712
132 Brisbane Page 719
133 OVERVIEW AFRICA Page 723
134 Casablanca Page 726
Table of Contents

135 Marrakesh Page 729
136 Algiers Page 731
137 Cairo Page 733
138 Accra Page 736
139 Lagos Page 738
140 Windhoek Page 742
141 Johannesburg Page 744
142 Cape Town Page 752
143 OVERVIEW NORTH AMERICA Page 755
144 Vancouver Page 759
145 Toronto Page 767
146 New York Page 777
147 Boston Page 820
148 Chicago Page 826
149 Washington D.C. Page 832
150 Atlanta Page 838
151 Miami Page 842
152 Houston Page 864
153 Dallas Page 873
154 Denver Page 878
155 Las Vegas Page 882
156 San Francisco Page 888
157 Los Angeles Page 895
158 San Diego Page 914
159 OVERVIEW LATIN AMERICA Page 918
160 Mexico City Page 924
161 Panama City Page 936
162 Bogotá Page 941
163 Lima Page 945
164 Santiago Page 949
165 São Paulo Page 952
166 Rio de Janeiro Page 956
SPECIALS
167 50 Biggest International Retail Investments Page 961
168 50 Most Popular Store Openings Page 964
169 Top Prime Shopping Centres Opened In 2015 Page 974
170 Most Expensive Retail Locations Worldwide Page 978
171 Special Expansion Plans & New Retail Concepts Page 979
172 M&A Deals Worldwide Page 983
173 Shopping Streets and Shopping Malls Page 1000
174 Index Brands Page 1007
INDEXES
175 Index VIPs Page 1027
176 Index Hotel Page 1029
177 Index Shopping Centres Page 1030

8 eLocations.com | thelocationgroup research | Retail Market Study 2016
03
Zurich
Skyline, Zurich
ContinentalEurope
Average Prime Rents Zurich
Location Average Rents/sqm/
year in EUR
Average Rents/sqm/
month in EUR
Year 2016 2015 2014 2016 2015 2014
Bahnhofstrasse 10,250 10,576 11,316 777 801 857
Rennweg 2,575 2,781 2,976 195 211 225
Storchengasse 2,085 2,195 2,349 158 166 178
BAHNHOFSTRASSE
Tally Weijl reopened the flagship store
After six months of renovation work at Bahnhofstrasse 76 in Zurich, which
led to the expansion of retail space from 200 to 450 square metres, the
fashion label Tally Weijl celebrated the re-opening of its flagship store on
5th November. The shop has been completely redesigned and restructured
on four floors. The fashion brand has indeed become more mature and
no longer addresses only the girls, but also fashionable adult women.
Zara Home takes over Orell Füssli’s premise
The Spanish textile giant group Inditex has leased the current Swiss
bookseller Orell Füssli’s retail space for its upcoming Zara Home
store. Orell Füssli will close its branch at Bahnhofstrasse 70 as of
May 2016 with the arrival of Zara Home in mid-year.The Bookshop
is today the most attractive location between Hauptbahnhof and
Paradeplatz, which is the best match for a Zara store. The Location
Group revealed that Zara has paid Key Money of 2.5 million Swiss
Francs with an estimated annual rent of two million Swiss Francs for
the 500-square-metre space.
Michael Kors replaced Bata at prime location
The U.S retailer Michael Kors has opened third Swiss store at Bata’s
former site in Zurich. The new flagship store, which is located at
Bahnhofstrasse 54, holds a retail area of 600 square metres on three
floors. The brand is strongly expanding in Switzerland with two other
openings in Basel and Geneva in November.
ZURICH is one of the most beautiful cities, not only in Switzerland, but in
the world. The municipality has over 390,474 inhabitants, and the Zurich
metropolitan area has 1.83 million inhabitants. The city is known for its
high standards and quality of life, as well as the highest purchasing power
worldwide. The highest registered rent on Bahnhofstrasse is now nearly
10,000 Swiss Francs per square metre annually, including the key money
depreciated over 10 years.Tyler Brûlé, an authority in marketing and design,
discovered long ago the potential of this city and says, “Zurich Switzerland
is everything except provincial”. Well-known international fashion, jewellery
and watch designers are at work here. Numerous young and innovative
artists surprise the city with unusual and attractive ideas.

11eLocations.com | thelocationgroup research | Retail Market Study 2016
Michael Kors, Bahnhofstrasse, Zurich
Vilebrequin, Weinplatz, Zurich
ContinentalEurope

3, between Bahnhofstrasse and Rennweg. The new store has a total area
of 154 square metres, including 73 square metres on the ground floor and
81 square metres in the basement.The store was taken over from Lele Pyp.
Zurich welcomes a new luxury Risqué store
On 10 September 2015, Zurich received a new and exciting addition
in form of the new Risqué luxury lingerie boutique. The Risqué store
is located at Kappelergasse 15, among other high-end brands next to
Zurich’s most renowned shopping street, Bahnhofstrasse. The two-storey
boutique, which was a former Saint-Phil store, has a contemporary
design that spreads over 100 square metres and mixes the mystery
and femininity of lingerie in a playful way.
The Gallery opened its doors in Zurich
The Gallery has opened its concept store in Zurich in late August
2015 in the former store of Guess, operated by Bollag-Guggenheim
Fashion Group. The new store at Marktgasse 12 saw a wide range of
approximately 20 affordable fashion and accessories labels on over
500 square metres. At the beginning of 2016 the owner of The Gallery,
Sami Bollag-Guggenheim, sold his lease contract to the American
sports brand Lululemon, who openend the first store in Switzerland
in Spring 2016.
Timberland arrived in Zurich
Timberland was proud to announce the Zurich store opening on 12th
Bar Refaeli for Hublot Big Bang Sugar Skull 2015
ContinentalEurope
December 2015. The new Old Town store is located at Limmatquai
94, on the corner with Muhlgasse and offers latest shoe collections
of the brand.
Qwstion’s permanent residence in Zürich
After launching temporary stores in Berlin and Zürich, Switzerland-
based imprint Qwstion has opened their first permanent retail space at
Badenerstrasse 156. As well as hosting brands such as Stutterheim,
Velt, Folk and an array of other smart Scando-European names
alongside their own offering, the store allows young designers a platform
to show their products to a wider audience and feature an in-house
development studio.
Zurich got the first MAC Cosmetics store
On 3th December 2015, the famous brand MAC Cosmetics opened its
first standalone store at Zurich’s Rämistrasse 2. This is the second
store in Switzerland after the first store opened in 2014 in Lucerne.
The new store has a retail area of 46 square metres and showcases
the full range of the brand.
Emmi to install its store in Zurich
Emmi, the milk chain will open a new store in Zurich by the end
of May. The new store is located at the former Swisscom store, at
Stadelhoferstrasse 28. The event is part of Swiss expansion plan,
with further opening of its Yobar concept store in Lucerne in April.

Dolce & Gabbana, Haus Gryffenberg, Zurich
Valentino, Storchengasse, Zurich
ContinentalEurope

Céline, Storchengasse, Zurich
ContinentalEurope

ContinentalEurope

04
Geneva
delicate Wisteria pattern, white Calacatta Oro and green Nassoua
marble flooring and Tiffany Blue amazonite stone lamps.
Jaeger-LeCoultre opened new flagship boutique
Swiss luxury watch-maker Jaeger-LeCoultre has opened a new flagship
boutique in Geneva, Switzerland. Located on the prestigious Rue du
Rhône, the new boutique at number 56 replaced the old space of watch
retailer Van Der Bauwede and reflects the latest retail design concept
of the brand. The new boutique is a meeting place where collectors and
connoisseurs can discover the Haute Horlogerie and Haute Joaillerie
models, as well as admire the movements created by Jaeger-LeCoultre
for more than 180 years through a permanent exhibition.
MORE STORE OPENINGS
Billionaire Italian Couture inaugurated its flagship store
in Geneva
Billionaire Italian Couture opened its first flagship store in Geneva on 21st
October. The new store, which is located at 18 Quai du Général-Guisan,
covers an area of 130 square metres. The brand, dedicated to men’s
clothing, is a joint venture between Flavio Briatore and the Percassi group.
Roger Dubuis strengthens its presence in hometown
Roger Dubuis’s new Geneva flagship boutique is located at Place de la
Fusterie 5, Geneva’s premier destination for luxury shopping. To salute the
opening, Roger Dubuis expert watchmakers created a unique timepiece,
exclusively available at the Geneva boutique: the Hommage Millésime.
GENEVA is the smallest metropolis in the world. It is a wealthy city
and has the highest density of billionaires in the world. Today the city’s
population counts over 195,000 inhabitants. Moreover, of all the Swiss
cities, Geneva hosts the most foreigners: around 45 percent, with around
180 different nationalities. It also ranked second, after Zurich, in the
Quality of Living Survey conducted by American global human resource
and related financial services consulting firm, Mercer.
3864,627Rue du Rhône
2983,576Rue de la Croix d’Or
2983,576Rue du Marché
2292,750Rue de Rive
Location Average prime
rents/sqm/month
(Euros)
Average prime
rents/sqm/year
(Euros)
RUE DU RHÔNE
The new Tiffany store in Geneva
Tiffany has arrived at 21 Rue du Rhône, Geneva’s premier destination
for luxury shopping, bringing over 175 years of design excellence to
the Swiss city. The 550 square metre space is a striking balance of
masculine and feminine, achieved through a mix of materials. Interior
design touches include a gilded panel featuring Louis Comfort Tiffany’s
Skyline, Geneva
ContinentalEurope

eLocations.com | thelocationgroup research | Retail Market Study 2016 29
Location
08
Mall City
Selling Space
2014
Total Turnover
2014
Turnover/
sqm 2014
Glattzentrum Wallisellen 43,387 619,000,000 14,267
Seedamm-Center Pfäffikon 20,103 236,000,000 11,740
Zugerland Steinhausen 22,107 217,700,000 9,848
La Praille Centre Commercial Carouge 20,051 197,000,000 9,825
Chavannes Centre Chavannes-de-Bogis 20,810 199,000,000 9,563
Centre Commercial de Crissier Crissier 23,042 216,300,000 9,387
Centre Balexert Genève 50,646 443,000,000 8,747
Sihlcity Zurich 42,466 360,000,000 8,477
Westside Bern 25,865 212,000,000 8,196
Emmen Center Emmenbruck 30,300 239,000,000 7,888
Einkaufszentrum Volki-land Volketswil 26,524 180,100,000 6,790
Shoppyland Schönbuhl 48,818 329,000,000 6,739
Letzipark Zurich 29,068 195,500,000 6,726
Pilatusmarkt Kriens 21,500 135,000,000 6,279
Shopping Arena St. Gallen 36,500 227,000,000 6,219
Avry Centre Avry-sur-Matran 34,059 209,000,000 6,136
Marin Centre Marin-Epagnier 36,000 217,000,000 6,028
Einkaufszentrum Hinwil Hinwil 22,836 136,000,000 5,956
St. Jakob-Park Shopping Center Basel 20,500 121,000,000 5,902
Rheinpark St. Marhrethen 20,406 117,000,000 5,734
Serfontana Morbio Inferiore 22,258 125,000,000 5,616
Shoppi Tivoli Spreitenbach 78,376 417,000,000 5,321
Gäupark Egerkingen 40,470 211,000,000 5,214
Centro San Antonio San Antonio 20,593 101,000,000 4,905
Stücki Shopping Basel 32,000 134,000,000 4,188
Wohncenter Emmen Emmenbruck 32,988 120,500,000 3,653
Shopping Malls Switzerland bigger than 20,000 square metres
Shopping Malls Switzerland bigger than 20,000 square metres
0
10,000
20,000
30,000
40,000
50,000
60,000
70,000
80,000
90,000
Turnover/sqm
Selling Space
Swiss shopping centre turnover
Swiss Shopping Malls
ContinentalEurope

13
Munich
store – its seventh – in Munich’s historic downtown area. Occupying a
ground floor unit at Luitpoldblock at Maximiliansplatz 10, a colossal
early 19th-century building originally built as a commercial building, the
store features an interior design by local creative practice einszu33.
With over 110 signature stores across The Americas, Europe, Asia
and Australasia displaying their fine-quality hair, body and skin care
wrapped in their characteristic graphic DNA, Australian Aesop is a
brand impossible to overlook.
Richard Mille launched its first store in Germany
Richard Mille is delighted to announce the opening of its first dedicated
boutique in Germany. The boutique is located at the eastern end of
Maximilianstrasse 34, one of Munich’s four royal avenues. On the
heels of successfully opening a number of new boutiques in Europe
and the Middle East, this is an exciting time for the brand to open its
latest boutique in Germany’s most exclusive city. The new store holds
160 square metres of retail space over two levels and took over the
former Wolford premise.
Christian Louboutin opened his first store in Germany
The French luxury shoes brand Christian Louboutin has arrived in
Germany with a new store opening in Munich. At 140 square metres of
retail space, the new store, which opened its doors on 27th November,
offers shoes and leather goods for women. The flagship store is located
at the former BCBGMAXAZRIA store at Maximilianstrasse 38-40. The
new store increases the total Christian Louboutin store to 50 throughout
23 countries in the world.
MUNICH is the third largest city in Germany, behind Berlin and Ham-
burg. About 1,429,584 people live within the city limits. Munich has the
strongest economy and the lowest unemployment rate (5.6 percent)
of any German city with more than a million inhabitants and is, beside
Stuttgart, the economic centre of southern Germany.
Skyline, Munich
3674,400Kaufingerstraße
3323,980Neuhauser Straße
2883,460Maximiliansplatz
2583,100Theatinerstraße
2503,000Weinstrasse
2172,600Residenzstrasse
1902,280Sendlingerstrasse
rents/sqm/month
(Euros)
Average prime
rents/sqm/year
(Euros)
MAXIMILIANSTRASSE
Aesop launched seventh German store in Munich
Since arriving in Germany little over two years ago, Aesop has expanded
nationwide but lacked a store in the far south of the country. Until now,
the cosmetics brand from down under has recently added a signature
ContinentalEurope

Christian Louboutin, Maximilianstrasse,
Munich
Hogan, Residenzstrasse, Munich
ContinentalEurope

19
German Shopping Malls
the neighbouring department store.RFR, along with Hamburg-based
developer DC Values and Deutsche Rück, had acquired the site at Zeil
112-114 in the spring of 2014. In addition to the Kaufhof area, three
stores with show windows facing Zeil will be created. The Zeilgalerie,
formerly one of the prestige properties of Jürgen Schneider, has long
been considered unmarketable due to the poor layout of its 11,220
square metres of retail space. Renovations, like those last made by
IFM, apparently cannot change this.
Frankfurt Hessen Center to be expanded
Hessen-Center is planned to increase from 39,000 square metres to
around 53,000 square metres of retail space completing in 2020.The
existing shopping cenre is to be functionally and spatially better connected
to the district and thus add value for residents.The previous tenants
include the fashion brands Bonita, H&M, Hallhuber, Ginatricot, Bijou
Brigitte, Hunkemöller, Jack & Jones, Intersport, New Yorker, Only, Peek
& Cloppenburg and Orsay, Esprit, Gerry Weber and Ernsting’s Family.
Tobias Grau opened next to Frankfurt landmark
Luminaire brand Tobias Grau has opened a flagship inside the new
TurmCarée shopping centre, just next door to downtown Frankfurt’s
oldest landmark building, Eschenheim tower. Suspended from the
ceilings and mounted onto the walls, circular placards supporting lighting
fixtures for home, office and outdoors appear throughout the store’s
two levels. The location marks the company’s seventh showroom to
open in Germany.
HAMBURG
Hamburg to get impressive mall Uberseequartier
Uberseequartier will be a big new shopping and leisure destination
in the south side of the German city of Hamburg. It will cover 184,000
square metres, including 190 stores, entertainment, hotel, office and
residential space. There will also be a bus terminal connected to the mall.
Among these stores will be some new international premium brands. The
overall investment in this new complex is a total of 860 million Euros. It is
estimated that work will be finished on the Uberseequartier development
by the second half of 2021. The centre is modern, international and
a little bit upscale although still mass market. Zara, H&M and “iconic
brands” that are still to be defined will be present in the new mall. The
mall will have a “glass roof at 15 metres high”, which will give it an
“iconic design” with organically shaped iconic shop-fronts which offer
“something really surprising”. There will also be a “big part dedicated
to entertainment and leisure”, in a similar way to the same company’s
Mall of Scandinavia. Small local brands and big international brands will
both be included to let the centre “have the right mix”, with American
and Asian brands possibly represented.
FRANKFURT
Zeilgalerie to be demolished for Kaufhof’s expansion
The Zeilgalerie in Frankfurt is to be torn down and replaced with a
new edifice. The owner announced that the top seven floors in the
planned building, a total area of more than 10,000 square metres,
have been leased by Galeria Kaufhof in order to be able to expand
Zeilgalerie, Frankfurt
ContinentalEurope

20
German Retail Real Estate Investments
ECE acquired Stern-Center in Lüdenscheid
ECE’s second shopping centre fund, the ECE European Prime Shopping
Centre Fund II, has wrapped up its purchase of the Stern-Center in
Lüdenscheid near Dortmund.The property, the fund’s first acquisition,
was bought from Ireland-based investors and has 30,000 square metres
of retail space. It opened on four levels in 1977 and has been managed
by ECE since 1991. Anchor tenants include Saturn, H&M, C&A, and
Rewe. The fund currently has investor commitments amounting to 740
million Euros and has a target volume of 850 million Euros.
Greenman added third property to Retail+ fund
Greenman has acquired a new hybrid centre in the city of Kamen in
North Rhine-Westphalia.This very attractive inner-city property fits very
well in the portfolio of the Greenman Retail+ fund. The mix of tenants
as well as the exceptional location in the pedestrian zone in Kamen’s
city centre convinced the group to buy this property.”Kamen Quadrat”
is a new centre that opened on 16 July 2015. The property features a
rental space of 7,730 square metres. REWE, the main tenant has a
share of 37 percent of the total rental space with NETTO, the second
largest tenant, occupying 18 percent. Rossmann, Deichmann and six
other tenants occupy the remaining space.Greenman is systematically
Tristan Capital bought Neukölln Arcades
Tristan Capital Partners III has acquired Neukölln Arcaden on Karl-
Marx-Strasse in Berlin. The property will be held in its Curzon Capital
Partners (CCP) III core-plus fund. The AXA Realty Solutions open-
ended fund, which is now being dissolved, sold the property for 65.6
million Euros. The 37,900-square-metre Neukölln Arcaden opened in
2000 with 27,000 square metres of retail space. Among the tenants are
Media Markt, New York, Rossmann, Kaufland and a Multiplex cinema.
Centre management remains in the hands of mfi.
Big remodelling plans for former Karstadt luxury stores
The three department stores in the KaDeWe group located in Berlin,
Hamburg (Alsterhaus), and Munich (Oberpollinger) are to be reconfigured
for hundreds of millions. KaDeWe will start with Berlin. Following designs
by Rem Kolhaas, the 60,000-squre-metre building will be divided
into four quadrants, each with its own entrance and escalators. The
quadrants are to be tailored to different target groups and oriented
around a large foyer. This remodeling work is to cost 180 million Euros
and take six years. UK-based architect John Pawson is making similar
conversion plans for Oberpollinger, and architectural firm Kleihues +
Kleihues for Alsterhaus.
Neukölln Arcaden, Berlin
ContinentalEurope

21
German M&A Deals
Chinese group acquires Dirk Bikkembergs
Zeis Excelsa, the owner of Dirk Bikkembergs, has sold 51 percent of
its shares in the company to Chinese-based Guangzhou Canudilo,
which already holds the exclusive distribution of the brand in China. Dirk
Bikkembergs already operates 20 stores in China through Guangzhou
Canudilo. Zeis Excelsa reported a turnover of 110 million Euros in
2014. Together with Sinv, Zeis Excelsa will own the remaining shares
in the company.
Puma sells outdoor brand Tretorn
The sporting goods company Puma separates after more than a decade
behind the outdoor brand Tretorn. The American company Authentic
Brands Group bought the rights to the brand, Puma announced on 30th
June. Regarding the purchase price, secrecy was agreed upon. The
operational business of Tretorn in Europe wants to continue the Tretorn
management.Tretorn had acquired Puma in 2001 for 23 million Euros.
The company from Sweden manufactures rubber boots, casual shoes
and tennis balls, and no longer fits into the current concept of the Franks.
Kering could exit Puma
Kering SA’s case for selling Puma SE and the rest of its sportswear
division is getting stronger as the business struggles to offer sufficient
sales growth and margin potential. Puma’s operating margin has
narrowed by more than 10 percentage points in the past decade and
is set to fall to a record low of 2.6 percent in 2015. While Kering will
not rush to sell its 86 percent stake at a depressed price, an exit is an
Douglas sold to CVC Capital for 3.1 billion US Dollars
German perfume and cosmetics retailer Douglas said it has signed
an agreement to sell the company to CVC Capital Partners, canceling
earlier plans for an initial public offering.Douglas, currently owned by
private-equity firm Advent International and the Kreke family, is being
bought by a holding company jointly owned by CVC and the family, who
will maintain a 15% stake.Financial details of the deal are confidential,
but people familiar with the matter have said the transaction values
Douglas at roughly 2.8 billion Euros (3.1 billion US Dollars).
Central Group acquires German department stores
Thai luxury retailer Central Group said it will buy a majority stake in
three department stores in Germany from Austrian property company
Signa Group, speeding up its expansion into Europe.Privately held
Central Group will get a 50.1% stake in the Kaufhaus des Westens,
or the KaDeWe, in Berlin, the Oberpollinger in Munich, and the
Alsterhaus in Hamburg. The company, controlled by Thailand’s
Chirathivat family, did not confirm the value of the investment. Signa
will retain the minority stake in the properties.Central is one of several
prominent Thai businesses looking for opportunities overseas as their
home economy remains sluggish after years of political upheaval. The
group’s first investment in Europe came in 2011 when it purchased
Italian retailer La Rinascente SpA for 205 million Euros (230 million US
Dollars). The firm also acquired Illum, Denmark’s oldest department
store, in 2013.
Oberpollinger, Munich
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increasingly credible scenario in the next 12 to 18 months. Puma has
a valuation of 2.4 billion Euros, based on a peer group multiple of 15.8
times estimated 2016 earnings.
Adidas sold Rockport
The Adidas Group Rockport Co. was sold to Berkshire Partners LLC, a
Boston-based investment company, and New Balance Holding, with the
sale now being formally completed. From 31st July Rockport therefore
was no longer a segment of the Adidas Group. Berkshire has paid 280
million US Dollars for the acquisition.
s.Oliver acquires Rena Lange
s.Oliver has acquired the trademark rights of Munich luxury brand
Rena Lange from the insolvency administrator of its holding company
M. Lange & Co. GmbH under undisclosed deal conditions. s.Oliver
Group is keeping the brand’s intellectual property and will develop a
concept for Rena Lange at a given time. Lastly, the label operated five
own stores in Germany and the United Kingdom as well as six franchise
stores in Russia and Japan.
Henkel acquires hair care brands from P&G
Germany’s Henkel, maker of Schwarzkopf shampoo and Loctite glue
agreed to buy a range of hair care brands with a focus in emerging
markets and generating annual sales of close to 100 million US Dollars
from U.S. rival Procter & Gamble.The deal includes brands like Pert,
Shamtu and Blendax, whose key countries are Russia, Saudi Arabia
and Turkey. The parties had agreed not to disclose financial details
of the deal.
G-III Apparel increased its stake in Karl Lagerfeld
G-III Apparel and the parent company of the Karl Lagerfeld brand
announced that G-III took a 19 percent minority stake in the parent
company. This investment will strengthen the partnership between
these companies. It will expand business development opportunities
on a global scale.G-III Apparel already has 49 percent interest in the
North American joint venture that holds the rights to Karl Lagerfeld
trademarks for consumer products and apparel in the United States.
Adidas CEO - Herbert Hainer
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23
Vienna
as the old location on the nearby Kohlmarkt 4.
GRABEN
Longchamp debuted its flagship store in Vienna
Longchamp has opened its first flagship store at Vienna’s Graben 14-
15, one of Vienna’s best known streets. The upscale district is home
to many of the world’s leading luxury brands and provides the perfect
environment for Longchamp’s exciting new store. The two-storey, 450
square-metre retail space, which formerly housed Accessorize, will
continue many of the themes and features seen in Longchamp stores
across the world since 2010, when a new luxury look was first rolled out.
MARIAHILFERSTRASSE
Nespresso brougt Viennese first pilot Nespresso Café
On 28th April 2015, Nespresso, the pioneer and reference for portioned
coffee worldwide, launched a pilot Nespresso Café at Mariahilferstrasse
1C, as part of a joint venture with super premium food caterer, DO&CO.
This new café boutique concept combines a premium coffee shop
and take-away service with the Nespresso Cube, an automated retail
solution for the convenient purchasing of Nespresso coffee sleeves,
bringing an exclusive and personalised luxury experience to consumers.
Hunkemöller rented Vienna’s prime location
The prime location, Mariahilferstrasse 51, in central Vienna has finally
VIENNA is the capital and largest city of Austria, and one of the nine
states of Austria. Vienna is Austria’s primary city, with a population of
about 1,797,337 (2.6 million within the metropolitan area, more than
20 percent of Austria’s population), as well as its cultural, economic,
and political centre. It is the seventh largest city by population within
city limits in the European Union.
Skyline, Vienna
3934,710Kohlmarkt
3504,200Tuchlauben
2953,540Graben
2653,180Kärntnerstraße
1231,470Mariahilferstraße
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TUCHLAUBEN
Akris opened a new store in the heart of Vienna
On 4th February 2015 Akris celebrated the opening of its new boutique
within Vienna’s luxury shopping area “Golden Quarter”, located in the
heart of the elegant first district at Tuchlauben 8. The new boutique
presents the latest collections and thus almost twice as large surface
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24
Salzburg
Napapijri opened in Euro Park
The Italian brand Napapijri now comes with the traditional enterprise
to carrier pigeon in the Salzburg Euro Park. After Vienna, Innsbruck,
St. Anton, Kitzbühel and Sölden, the brand comes to Salzburg on
23rd October. The store presents men’s, women’s and children’s
collections and accessories. The store design is dominated by wood
and metal, complemented by photos and natural materials to suggest
special coziness.
Ecco opened
Linzergasse 32 in Salzburg is now the new location for the Danish
shoe and leather label Ecco. The new store is a special experience in
the heart of the Old Town. The Danish interior and a mix of old stone
columns and friendly simple design give the store a warm and cozy
atmosphere. The store officially opened to the public on 12th March 2015.
Nespresso popped up
Salzburg has welcomed a temporary Nespresso store on Theaterplatz
in EuroPark on 14th March 2016. The store offers entire ranges with
multiples flavours which brings customers to the unique world of coffee.
The store is among recent store openings in the shopping centre,
including the new Hallhuber store.
Hallhuber opened
Austrian city Salzburg has scored a new Hallhuber store on 10th
March 2016. The new store is located at the prestigious Europark
SALZBURG is the fourth largest city in Austria and the capital of the
federal state of Salzburg with 148,420 inhabitants. Salzburg’s Old Town;
(Altstadt) has internationally renowned baroque architecture and one
of the best- preserved city centres north of the Alps. It was listed as a
UNESCO World Heritage Site in 1997.
Prada, Alter Markt, Salzburg
1251,500Getreidegasse
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RETAIL STORE OPENINGS
Prada opened new store in Steindl Haus
Prada has recently opened a new store in Salzburg at Alter Markt 13-
14, within the Steindl Haus, a prestigious 14th-century palace, which
was carefully restored. The new store covers 250 square metres on
two floors and features both men’s and women’s ready-to-wear and
accessories collections.
Brax to open its first flagship store in Austria
The German fashion brand Brax will open in Salzburg on 20th November
its first store in Austria. The 280-square-metre store located at Carl
Zuckmayer Strasse 37 is one of the largest Brax stores worldwide.
In Germany Brax operates 40 of its own stores and is represented
by its own account in all major retail partners via shop-in-shops and
freestanding stores in Germany, Europe and Asia.
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Location
Bershka, DEZ shopping centre, Innsbruck
Cadenzza, Maria Theresienstraße, Innsbruck
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London
the second largest in the EU, with a population of 8,538,689 according
to the 2014 census, while the London metropolitan area is the largest
in the EU with a total population of 13.9 million. The Greater London
Authority puts the population of the London metropolitan region at 22.7
million. London is a leading global city. It is one of the world’s leading
financial centres and has the fifth or sixth largest metropolitan area
GDP in the world, depending on which measurement is used. London
is a world cultural capital. It is the world’s most visited city as measured
by international arrivals, and has the world’s largest city airport system
as measured by passenger traffic.
London’s West End named top retail destination in Europe
London’s West End has been ranked the top retail destination in Europe.
The shopping area is one of the world’s largest retail destinations with its
over 600 domestic and international brands and well-known addresses
like Bond Street, Regent Street and Oxford Street. On Bond Street,
96.5 percent of all ground floor uses are occupied by retail brands,
and all top ten global luxury brands by value have a presence on the
street. This unique offer is an added draw for international visitors, the
report showed, as London topped Mastercard’s Global Destination
Cities Index again in 2015, attracting 18.8m overseas visitors spending
a total of 13.2 billion Pounds. Nearly all, 96 percent, of retailers stated
that they would recommend London as a place to trade. By 2020,
London’s West End retail sales are forecast to rise by 27.8 percent to
11.3 billion Pounds due to the arrival of Crossrail, which will also bring
an additional 60m people into the area every year. The West End is
LONDON is the capital city of England and the United Kingdom. Lon- don
has an official population of over 8,250,205 million, making it the most
populous municipality in the European Union; this number accounts for
12.5 percent of the UK population. The Greater London Urban Area is
Skyline, London
1,22814,741New Bond Street
1,10513,257Old Bond Street
1,00112,012Oxford Street
6497,786Covent Garden area
5676,800Regent Street
5176,209Sloane Street
5086,091Brompton Road
3123,747Kings Road
2182,610Carnaby Street
2122,541Mount Street
1431,717Kensington High Street
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the leading European retail destination and second only to New York
globally. And the gap in retail sales between the two cities is forecast
to narrow over time, with the growth in London’s retail sales expected
to outpace that of New York with an average growth of 2.9 percent per
annum through to the end of 2020, compared to 2.7 percent per annum
forecast for New York.
ALBEMARLE STREET
Aquazzura opened first London flagship
Aquazzura is the latest fashion label to land on London’s Albemarle
Street, and its cofounder and creative director Edgardo Osorio is fully
honouring the area’s artistic origins. The store, at 38 Albemarle Street,
spans 1,728 square feet and the space was a former art gallery. In a
nod to history, and to Osorio’s passions, it will have a revolving display
of contemporary art. This is the second stand-alone store for the red-
hot footwear brand, which Osorio cofounded in 2011 with his business
partner Ricardo D’Almeida Figueiredo.
Alexander Wang inaugurated its largest store worldwide
Alexander Wang launched his biggest branded flagship worldwide in
Mayfair on 1st August. The new flagship is Wang’s 25th store worldwide
and his largest, with a new interior concept by the designer and the
Antwerp, Belgium-based architect and product designer Vincent Van
Duysen.The 6,460-square-foot space at 43-44 Albemarle Street was
formerly a post office downstairs and an art gallery upstairs. The store
spans three floors, which are linked by a grand, central staircase, and
will stock the brand’s full ready-to-wear and accessories offer, in addition
to exclusive, limited-edition items.
OLD BOND STREET
Max Mara’s re-opened its largest European store
Designed by Duccio Grassi Architects, Max Mara‘s newly re-opened
flagship store at 21 Old Bond Street covers approximately 10,763
square feet. The store, which is the largest in Europe, features all of
the lines of the group Max Mara: ‘S Max Mara, Sportmax, MaxMara
Elegante and Max Mara Accessori. The opening will be marked with a
presentation of the Max Mara Resort 2016 collection.
Jaeger-LeCoultre opened new flagship boutique on Bond
Street
Jaeger-LeCoultre was one of the first major brands to have a Bond
Street shop, which opened in 1997 on the corner of Piccadilly, run by
Aurum Group which has an adjacent Mappin & Webb store. It is a
small space though, and with the recent rush of own-brand boutiques
in Mayfair, it was clearly the time for JLC to have a store to match. To
best welcome and serve its passionate clientele, Jaeger-LeCoultre has
found the ideal space and location for connoisseurs to experience fine
watchmaking. The 2,475-square-foot flagship is located at 13 Old Bond
Street, London, in the space recently vacated by Montblanc. It consists
of different salons, each displaying the depth of Jaeger-LeCoultre’s
watchmaking tradition. The boutique officially inaugurated in May 2015.
Valentino opened prime venue on Old Bond Street
Luxury fashion house Valentino, has opened its flagship boutique in
London. Located at 39 Old Bond Street, the former home of Marina
Rinaldi, the new must-see store stretches across several floors and
is part of the brand’s new global expansion. The design concept is
the result of a collaboration between Creative Directors, Maria Grazia
Chiuri and Pierpaolo Piccioli, which celebrates British architect, David
Chipperfield, and the chic new ethos will now be present in all new
Valentino stores worldwide.
NEW BOND STREET
Johnstons of Elgin launched its first London flagship store
Scottish heritage brand Johnstons of Elgin has opened its first-ever
London store, on 77 New Bond Street, which used to be a Byford store.
The 2,475-square-foot shop is located in a five storey building which,
as well as the retail space, will also hold wholesale and showroom
areas on the upper levels.The brand is known for its cashmere and fine
woollen cloth, knitwear and accessories, and has existed since 1797.
Hugo Boss’s Double Strike
On March 19, 2015, Hugo Boss celebrated the refurbished and
extended New Bond Street BOSS Store, which features a new interior
concept already adopted by select stores in other major global cities.
Jaeger-LeCoultre, Old Bond Street, London Johnstons of Elgin, New Bond Street, London
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33
Paris
AVENUE DES CHAMPS-ÉLYSÉES
Thor Equities Acquires Prime Property
Thor Equities, a global leader in urban real estate development, leasing
and management, has signed a contract to acquire a prime retail and
office property at 102 Avenue des Champs-Elysees in Paris. The
property includes more than 650 square meters on four levels, with
over 6 meters of direct frontage on the boulevard. The ground level,
mezzanine, and lower level are home to Le Queen, a famed Paris
nightclub.
Apple plans store on Champs Elysées
Apple is planning to open a new store on the Champs Elysées in Paris
in a building which would also house its French headquarters and a
concert hall. Apple was in advanced negotiations with the owners of
114 Avenue des Champs-Élysées to rent the entire 6,000-square-
metre, multi-storey building which also has underground parking for
110 cars. The shop would not open before 2018 as Apple would have
to wait for the current occupants’ leases to expire. There are currently
two Apple stores in Paris, one next to the Opera house and a second
in the underground shopping mall by the Louvre museum. Also there is
a third store in the business district in the Paris suburb of La Défense.
Cartier revamped Champs-Elysées flagship store
Cartier has reopened its Parisian flagship store at 154 Avenue des
Champs-Elysées, following eight months of extensive renovations.
The store, which covers 650 square metres on two floors, has been
PARIS is the cosmopolitan capital and most populous city of France. It
is situated on the River Seine, in the north of the country, at the heart
of the Île-de-France region. The city has 2.24 million inhabitants, while
its metropolitan area is one of the largest population centres in Europe,
with more than 12 million inhabitants.Since Paris is one of the most
popular tourist destinations in the world, dubbed the City of Light (la
Ville Lumière) and the Capital of Fashion, it is home to the world’s finest
and most luxurious fashion designers and cosmetics.
Skyline, Paris
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1,42417,085Avenue des Champs-Élysées
7859,419Avenue Montaigne
7438,919Rue du Faubourg Saint-Antoine
7368,837Place Vendôme
7088,500Boulevard Haussmann
6818,169Rue Saint-Honoré
3994,787Boulevard Saint-Germain
2953,539Rue de Rivoli
2152,577Avenue George V
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entirely refurbished. Several VIP salons resembling comfortable libraries
have been added.Other Cartier stores currently undergoing extensive
renovations include those on Fifth Avenue and in Tokyo, both of which
are scheduled to reopen in 2016. Cartier stores in Houston and Seoul
will be relocated in 2015 and 2016 respectively.
AVENUE VICTOR HUGO
Agnès b. arrives avenue Victor Hugo
Just months after the last opening on rue Michelet, Agnès b. prepares
for a new location in Paris. Brand designer Agnès Troublé will indeed
open its eleventh store at 20 Avenue Victor Hugo, Paris on 6th June.
The store, which was formerly occupied by The Kooples with an area
of 90 square metres, hosts women’s ready-to-wear and accessories.
Roy Robson opened its first French store
The German menswear brand Roy Robson inaugurated its first shop in
Paris on 27th October. Its partner, William Blin, turned one of its two multi
brand stores for men at 110/112 Avenue Victor Hugo into a 60-square-
metre mono-brand store.The street is one of the longest streets in
the 16th arrondissement of Paris with the presence of international
brands such as Céline, Isabel Marant and Zadig and Voltaire among
many others.
Bimba y Lola opened Paris store
Spanish fashion brand Bimba y Lola is expanding its presence in
France by opening a new store in Paris in September. Situated at 22
Avenue Victor Hugo, the store spans 130 square metres and is the
brand’s third outlet in the city. Bimba y Lola’s other Parisian stores
are located on Rue Pavée and Rue des Francs Bourgeois. The brand
also operates concessions in the Printemps Haussmann and BHV Le
Marais department stores.
AVENUE MONTAIGNE
Davidor to launch at European prime location
Founded three years ago byAmerican David Gusky, Davidor is a jewellery
and fine jewellery brand inspired by ‘heritage and craftsmanship”. The
brand sets up shop in spring 2016 at 2 avenue Montaigne, Paris, at
the location of the former Paul & Joe boutique. It is the brand’s first
Paris flagship store, extending over an area of 300 square metres.
Jimmy Choo reopened Paris flagship store
Following extensive renovations, Jimmy Choo has reopened its Parisian
flagship store at 31, Avenue Montaigne. The store which covers 60
sqm features the new retail design concept by Christian Lahoude at
Studio David Collins. The Parisian store features the complete universe
of Jimmy Choo ladies’ products from shoes, handbags to small leather
accessories, eyewear and fragrances.
Blumarine revamped Paris store
The ready-to-wear luxury brand Blumarine inaugurated the new face
of its store located on the prestigious 56 Avenue Montaigne on 5th
March. A marble fireplace, comfortable chairs and powdered hues
adorn the space, whose area was increased to 300 square metres,
and give it a welcoming atmosphere with elegance. This new concept
could be applied to upcoming openings planned in 2016, especially in
Monte Carlo and Shanghai.
RUE DE FAUBOURG SAINT-HONORÉ
Baccarat gets a new Paris flagship store
After opening its first hotel in New York in March, Baccarat is continuing
its expansion, having just opened a new store in Paris, at 79 Rue du
Faubourg Saint-Honoré, on the corner with Avenue Matignon, where
once housed Rena Lange. The new retail outlet was designed by
architects duo Gilles & Boissier, and its interiors feature steel, polished
brass, marble, leather and velvet. The first floor, labelled ‘Baccarat by
Appointment only’, is reserved for special orders.
Fabiana Filippi launched its first flagship store in Paris
Fabiana Filippi is continuing with its international retail development.
The high-end ready-to-wear womenswear label is testing the terrain
further afield. A few months after opening its first fully-owned store in
London, Fabiana Filippi gets ready to do the same in Paris. The brand
agnès b, Avenue Victor Hugo, Paris Fabiana Filippi, Avenue Montaigne, Paris
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has opened a new 130-square-metre store at 90 Rue du Faubourg
Saint-Honoré, at the former store of Maud Frizon. This is the tenth
store for Fabiana Filippi, with four of them in Italy and the others in
Stockholm, Vilnius and Saint Petersburg.
Saint Laurent revamped major flagship
After months of refurbishment, the Saint Laurent boutique re-opened
its doors at the prestigious 38 Rue du Faubourg Saint-Honoré on
April 16, 2015, completely redesigned by Hedi Slimane. The new Saint
Laurent store covers 390 square metres and is entirely dedicated to
women’s wear and accessories. The interior design reflects the new
retail aesthetic concept of the brand.
RUE SAINT-HONORÉ
Japanese Café -KOSYUEN- launched in rue Saint-Honoré
Japanese café “-KOSYUEN-“, featuring “WA” (Japanese spirits) and
“BIO”, was opened by BROOK’S Group at 258 rue Saint-Honoré,
at the former site of the restaurant Pralong Gourmet in Paris on 30th
April. The store is located in the heart of Paris, near the Seine and
just a short distance from the Musée du Louvre.UNESCO decided to
register “WASHOKU”-traditional Japanese cuisine- as an intangible
cultural heritage in 2013, and Japanese cuisine and culture have
gained global popularity.
La Prairie Opened First Flagship Store
The luxury skincare and cosmetics brand La Prairie opened its first
European store in Paris on January 20, 2015. The store is situated at a
prestigious address: 199 Rue Saint-Honoré in the first arrondissement
of the French capital, replacing another local cosmetics shop. Spanning
210 square meters over three levels, the store is characterized by the
colors of the brand, white and silver, and showcases the entire collection
of the Swiss brand.
Missoni’s new opening in Paris
Missoni opened a new flagship store at Paris’s 219 Rue Saint-Honoré
on 27th January 2015. The boutique, boasting over 300 square metres
and spread over two floors, took over the former space of Miu Miu
and represents the evolution of a design concept developed between
Angela Missoni and Patricia Urquiola. With two entrances—one on
Rue Saint-Honoré and the other on Rue d’Alger—and nine tall display
cases, the store is both contemporary and welcoming.
Graff Diamonds prepares for first location in Paris
One of the most prestigious jewelers in the world, the English company
Graff Diamonds, was not presented in Paris until 2016. The retailer
has secured one of the most beautiful locations in the French capital
in the Saint Honoré-Vendôme neighborhood, at the corner of rue Saint
Honoré and rue Castiglione. Covering 4,300 square feet, the store
will be open by the end of 2016.
Marc Jacobs signed a new luxury lease in Paris
Marc Jacobs is joining the Rue Saint-Honoré juggernaut, signing a
lease to open a new-look unit in spring 2016. A trio of Jacobs stores
on nearby Place du Marché Saint-Honoré, showcasing the women’s
resort collection, women’s accessories and the American designer’s
Bookmarc concept, are to go dark when the new boutique opens in
the place of a Dior Parfums pop-up at 368 Rue Saint-Honoré. The
approximately 75-square-metre unit is slated to showcase the spring
2016 women’s range, and may be expanded during a second phase.
Rue Saint-Honoré has become one of the hottest and most coveted
retail strips in Paris with Coach, Alexander McQueen, Tory Burch &
Other Stories and Mulberry among other relative newcomers. In the
shoe world, Gianvito Rossi also opened a showroom there in 2015.
Brioni to change its address in Paris
Brioni has moved some of its stores to more strategic locations, from
New York to Paris. In the capital of France, the Italian brand of men’s
clothing of the French group Kering changed its address in 2016. The
former Brioni boutique located at number 35 avenue George V was
moved to 370 rue Saint-Honoré, in a space formerly occupied by the
Viktor & Rolf flagship store. In Paris, the brand recently opened its first
store in Galeries Lafayette. In total, the retailer has 87 stores worldwide.
Mulberry, Rue Saint-Honoré, Paris
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71
European Retail Real Estate Investments
CPI PG bought Bondy shopping centre in Mladá Boleslav
CPI Property Group has acquired the Bondy shopping centre in
Mladá Boleslav from Raiffeisenbank, which was a lender for CPI on
the investment. The price of the transaction was not disclosed. The
Bondy mall offers 16,800 square metres of retail space cut into 80
units, including a multiplex, food court and a mix of popular brands.
The asset’s office component offers 2,800 square metres of space.
CPI aims to further strengthen its portfolio of shopping centres. The
company has one of the largest retail property portfolios in the Czech
Republic, with 625,000 square metres of usable space.
DENMARK
AEW Europe acquired prime retail asset in Copenhagen
AEW Europe has announced that it has acquired a high-end retail
asset in central Copenhagen on behalf of the City Retail Fund. The
transaction marks the first Danish acquisition undertaken by the Fund,
which launched with a 125-million-Euro first close in November 2015.The
asset is a 450-square-metre flagship retail unit on Købmagergade 13
and is let to Marimekko. Købmagergade is one of the busiest shopping
areas in Copenhagen and houses a number of high-end fashion retailers
and luxury department stores amongst other key interest points.
ESTONIA
Citycon sold Magistral mall in Tallinn
Eften Real Estate Fund II has acquired the Magistral shopping mall
situated in Tallinn from the Finnish operator of shopping centers for 24
AUSTRIA
Warburg-HIH Invest acquired Citygate shopping centre in
Vienna
Warbug-HIH Invest Real Estate GmbH has acquired the Citygate
shopping centre in Vienna in the fast-growing 21st district. The
shopping centre opened in February 2015, within the framework of
an asset deal. The shopping centre is a part of a larger concept that
includes around 1,165 homes and condominiums, its own kindergarten,
parks and recreation areas. It has a lettable area of approx. 17,900
square metres along with 735 car parking spots inside an in-house
underground car park. Situated directly above the Aderklaaerstraße
U1 subway station providing excellent links to downtown Vienna. The
property is anchored by grocery retailer Interspar, one ofAustria’s leading
supermarket chains. Other tenants include Cyberport and New Yorker
as well as an extensive range of food outlets, forming a well-balanced
mix of sectors and tenants. Current occupancy is close to 97%.
CZECH REPUBLIC
Mint Investments acquired Louis Vuitton store in Prague
Mint Investments has acquired Louis Vuitton store in the high end
shopping avenue Pařížská 66/13 in the historic centre of Prague
for an investment fund of Komerční banka. The 2,000-square-metre
building was completely refurbished by the seller, PPF Real Estate,
in 2014 and then leased to Louis Vuitton as the brand’s flagship store
on a long term lease.
Louis Vuitton, Parizska, Prague
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379
Location
eLocations.com | thelocationgroup research | Retail Market Study 2016
Cannes is home to more than 74,000 people and hosts the annual
Cannes Film Festival as well as the Cannes Lions International
Advertising Festival. The city is also famous for its luxury shops,
restaurents and hotels.
BOULEVARD DE LA CROISETTE
Lancel relaunched Cannes store
Lancel has reopened its store in the heart of Cannes. The new
redesigned store, which is located at the prestigious 1 Boulevard de
la Croisette, opened in time for the Lancel anniversary of 140 years
since it was founded in 1876.
Giuseppe Zanotti inaugurated a new store in Cannes
Giuseppe Zanotti has opened a new store in Cannes at 1 Boulevard
de la Croisette. The store reflects the new retail design concept of the
Italian house. This is the fourth store of the brand in France, adding to
the two stores in Paris and the one in St Tropez. The company aims to
reach a total of 100 mono-brand stores worldwide by the end of the year.
Van Cleef & Arpels has a new store in Cannes
French luxury jewellery maison Van Cleef & Arpels has recently opened
a new boutique on the famous 17 Boulevard de la Croisette. The
new boutique covers 215 square metres and features the complete
range of products of the universe of the brand, including watches and
jewellery. The boutique replaces the space which the brand previously
operated at the Majestic Barriere Hotel.
Bvlgari revamped Cannes store
Bulgari inaugurated its sparkling new store at 19 Boulevard de la
Croisette on 15th May 2015 with a little help from Naomi Watts, a
long-time friend of the jeweller. The renovated store was designed by
Peter Marino and features marble and gold accents and a translucent
chandelier.
Edouard Nahum launched a new store in Cannes
Edouard Nahum, the jewellery brand has arrived in Cannes. The new
store is located in Palais Stéphanie gallery at 50 Boulevard de la
Croisette. The prestigious store opened its doors in April 2015 with the
participation of famous celebrities.
Emporio Armani reopened
Emporio Armani has given its Cannes store a facelift. Dedicated to
Giorgio Armani’s diffusion line, the store has just re-opened at 52
Boulevard de la Croisette. The 315-square-metre space has been
renovated, now featuring a new store concept that was first rolled out
in Emporio’s Paris store on Rue Saint Honoré.
Hermès unveiled a new boutique on the Croisette
5, 7 and now 52 Boulevard de la Croisette, these are the three address
numbers on the Croisette Hermès is now occupying. Created by the
Agency of Interior Design RDAI, this new 370-square-metre two-storey
store at number 52 facing the sea offers exceptional visibility to the
brand on one of the most prestigious Boulevard of the Côte d’Azur. On
Skyline, Cannes
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Kong knowing that a huge variety of clothes and shops awaits them.
From skyscraper malls and flagship stores to charming stalls and chic
boutiques, Hong Kong caters for every need, want and desire.
CENTRAL - QUEENS ROAD
Adidas takes over Coach’s store
Adidas has taken over a large Central storefront recently vacated by
Coach, yet another example of a sportswear brand to gain square
footage in the city as luxury firms scale back their presence. The
sportwear brand has rented the 1,208-square-metre store at 36 Queen’s
Road for 4.34 million Hongkong Dollars a month. That is 22.5 percent
less than the 5.6 million Hongkong Dollars a month Coach paid. Coach
exited its lease on the four-story shop two years early at the end of
August, swapping it for a more modest space in the nearby IFC mall.
It is one of many luxury brands that has sought to reduce operating
costs to balance the decline in Mainland Chinese tourist spending.
Baldinini’s first flagship
Baldinini has launched its new retail strategy. Its latest objective is the
Far East—and China is the specific area it hopes to win over. This is
a region that the company has long wished to enter, but its approach
required prior in-depth studies. Now the adventure is on, starting in
Hong Kong with a 200-square-metre flagship store that opened its
doors in late January 2015 in the prestigious and strategically located
Queen’s Road Central. The company-managed boutique represents
the brand’s springboard for penetrating the Chinese market, along
Skyline Hong Kong
HONG KONG is China’s third most populous metropolitan region, and
Greater Hong Kong, with 17,000 inhabitants per square kilometre, is
the world’s most densely populated area after Monaco. Hong Kong’s
population has increased by a factor of 12 over the past six decades,
rising to over 7.3 million at end-2015. Hong Kong is often described
as a place where “East meets West” due to the region’s
diverse culture which amalgamates its Chinese roots with a British
influence stemming from its colonial past. This mixed culture is also
true for Hong Kong’s fashion scene. Many visitors travel to Hong
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2,25527,057Causeway Bay
1,75621,071Tsim Sha Tsui
1,56318,756Canton Road
1,43117,174Central
1,29815,577Russell Street
1,25014,994Queens Road
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prestigious Hangzhou Tower shopping mall, in the Xiacheng district.
The space, designed by architect Roberto Baciocchi, covers a total
area of approximately 700 square metres spread over two floors and
houses the women’s ready-to-wear, leather goods, accessories and
footwear collections. The external façade, of remarkable visual impact,
pays tribute to artist Carlo Cruz-Diez.
Apple opened its second retail store in Hangzhou
Apple has opened a second retail store in Hangzhou in the Jianggan
District, less than three months after the company opened its first
Apple Store in Hangzhou at West Lake in the Shangcheng District.
The new Hangzhou location at the MixC shopping mall was officially
inaugurated on 24th April 2015. Apple will now operate 19 retail stores
in China after expanding around the Chinese New Year.
Heike opened in Hangzhou
Chinese clothing label Heike has opened a concept store in Hangzhou,
its home city. The business is located in Binjiang in a 200-square-metre
unit. Trading on the third floor of a modern building, the store is relatively
hard to find, accessed as it is via a furniture store and a narrow staircase.
Camicissima opened its 50th store in China
The Italian brand Camicissima has opened its 50th store in China,
in Hangzhou. The opening is part of the expansion plan which was
unveiled in 2014 with the Chinese group Zhejiang Baoxiniao Garment
Co. to reach 440 stores by 2020. The new store is located at Xiaoshan
HANGZHOU, formerly romanised as Hangchow, is the capital and
largest city of Zhejiang Province in Eastern China. It sits at the head
of Hangzhou Bay, which separates Shanghai and Ningbo. Hangzhou
grew to prominence as the southern terminus of the Grand Canal and
has been one of the most renowned and prosperous cities in China
for much of the last millennium, due in part to its beautiful natural
scenery. The city's West Lake is its best-known attraction. Hangzhou is
classified as a sub-provincial city and forms the core of the Hangzhou
Metropolitan Area, the fourth-largest metropolitan area in China. The
city has an urban population of 7 million inhabitants.
RETAIL STORE OPENINGS
Westlake Apple Store officially opened its doors in Hangzhou
The largest Apple Store in Asia, located close to Hangzhou’s West
Lake in China, officially opened its doors on 23rd January 2015.
Designed by London-based Foster + Partners, the massive retail store,
precisely located at 100 Pinghai Road, was one of five newApple stores
scheduled for delivery before the Chinese New Year, 19th February
2015. The result of a long-term collaboration with renowned architect
Norman Foster, the West Lake Apple Store incorporates a white ceiling
with custom-made lighting panels designed to absorb noise, a dramatic
cantilevered floor extending nearly 40 feet from the rear wall, and a
façade that comprises 11 large double-glazed panels rising 49 feet.
Prada increased retail network in Hangzhou
Prada has opened its doors of its third store in Hangzhou, inside the
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in Guangzhou in April 2016. This new COS store is located at the newly
developed Parc Central, a new commercial center along Tianhe Road.
COS is positioned as a minimalist style and high street fashion, and the
brand only designs two series each year. Compared with the H&M brand,
the prices of COS products are relatively high and an ordinary coat is
sold at about CNY700. By the end of 2015, the Group had achieved
double-digit store expansion for COS around the world.
Blumarine opened a new store in Guangzhou
Blumarine has opened its BluGirl label store in Guangzhou. The brand
has chosen GT Land Plaza Mall to locate its new store. Covering a retail
area of 155 square metres, the new store displays latest arrivals of the
label. The store has the same design with other BluGirl stores in the world.
Grand opening of “Aeon Mall Guangzhou Panyu Square”
“Aeon Mall Guangzhou Panyu Square” celebrated its grand opening
on 31st December 2015 in Guangzhou, Guangdong Province, China.
The mall is located in the downtown area of Panyu District, which
is seated 20 kilometres south of downtown Guangzhou, and has a
population of 1.9 million.Conveniently located at the junction between
“Panyu Avenue”, the main artery that connects downtown Guangzhou
and Panyu District, and “Yayun Avenue”, the main artery in the district,
the Mall is expected to attract a lot of customers.
Carrefour opened Hypermarket in Guangzhou
Carrefour has opened a new hypermarket in Guangzhou, the capital and
largest city of Guangdong province, in southern China. The Carrefour
Zhongshan Xinyue opened on 28th December 2015, boasting a sales
area of 6,900 square metres and 18 checkouts, as well as a parking
area with 700 spaces. On the shopping area, 23 shops are distributed
on 2,244 square metres.
Skyline, Guangzhou
GUANGZHOU had an urban population of nearly 11 million, and is known
as “Canton”. Located on the Pearl River, about 120 kilometres
north-northwest of Hong Kong and north-northeast of Macau, Guangzhou
is a key national transportation hub and trading port. Guangzhou is the third
largest Chinese city and southern China’s largest city.
RETAIL MARKET
Luxury giant Louis Vuitton shut store in Guangzhou
Louis Vuitton has pulled the plug on one of its two flagship stores in
Guangzhou, Guangdong province, as the French fashion house continues
to grapple with slow sales in China.The company has already closed three
outlets in China in Guangzhou, Harbin and Urumqi, and was drawing up
planstocloseseveralotherstores.ThestoreclosureswillleaveLVwithabout
50 stores across the mainland.The Guangzhou outlet was located in the La
Perle shopping mall which is set to expire at the end of November 2015.
Braccialini to make its debut in Guangzhou
The Italian bag retailer Braccialini made its first presence in Guangzhou
in 2016. The new Florentia Village store is a part of Braccialini’s
expansion strategy and follow the recent store opening in Changsha.
The brand has a network of 50 stores worldwide and wants to increase
the total number in a short time.
Guangzhou scored a new Apple store
On 28th January, Guangzhou welcomed a new Apple store in the
city’s Tianhe District. The new 32nd store in China is located at the
Parc Central retail development at 218 Tianhe Road. Apple is quickly
approaching its goal of opening 40 new retail stores in China.
COS opened first Chinese store in Guangzhou
COS continues its global expansion and opened its first Chinese store
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development’s retail units were rented by 2013, two years prior to
the mall’s opening.
Clogau celebrated opening of third Chinese boutique
On 30th April 2015, Welsh jewellery brand Clogau celebrated the
opening of its third boutique in the Chinese city of Qingdao, in the
eastern Shandong province. The new Clogau boutique is located in the
MixC Mall – the largest of the MixC chain in China. The shop covers
40 square metres and features double-sided visibility and accessibility.
Philipp Plein opened in Qingdao
PhilippPleinhasopenedanewluxuryboutiqueinQingdao’s MixCshopping
mall.Theimpressive450,000-square-metreshoppingandlifestyledestination
will host a selection of international luxury brands - with Philipp Plein being
one of the first.The mega-mall is located in the prosperous business centre
of Qingdao, a coastal city also famous for its holiday resorts.
Baker & Spice opened in Qingdao’s Mixc Mall
MixC Mall in Qingdao had its grand opening ceremony on 30th April
2015. Located on Middle Hong Kong Road, MixC Mall assembles
numerous renowned international and local retail, restaurant and leisure
& entertainment brands, including Baker & Spice flagship store.Designed
by architect Peter Eland hailing from Denmark, Baker & Spice Flagship
Store is spread over 500 square metres and is set to be more than
just a bakery. MixC Mall witnessed Baker & Spice first store opening in
Qingdao on 30thApril and brings hearty flavours to the local community.
Located in the southeast of the Shandong Peninsula by the Yellow
Sea, QINGDAO is a famous historical and cultural city in China with
a population of nearly 9 million. Qingdao Harbour is one of the five
major harbours, as well as one of the five main foreign-trade ports,
in China. It is also an important production and processing centre of
food, textiles, electronics, and chemical products. It produces a large
number of world-famous branded products that enjoy a high reputation
at home and abroad.
MIXC MALL QINGDAO
Grand opening of China’s largest MixC in Qingdao
Benoy, the global studio of Architects, Masterplanners, Interior and
Graphic Designers, was proud to celebrate the opening of its first MixC
Mall in the city of Qingdao, China, on 30th April 2015. Benoy was
appointed by China Resources Land (CRL) as the Interior Designer
for the developer’s most significant retail scheme to date. Occupying
an area of 450,000 square metres, Qingdao’s MixC Mall is the largest
of its kind in China; establishing an exciting landmark in the country’s
northeast. Integrated into the China Resources Centre, the wider
mixed-use development is a prominent commercial addition for the
city. The scheme is also a vital component of the City Crossing
development, the major landmark building group in Qingdao. Located
in Qingdao’s well-established commercial centre, the scheme provides
the benefits of being a Transit Oriented Development, with seamless
connectivity to two metro lines. Attracted to the commercial advantages
of the scheme’s location and wider integration, over 85% of the
Skyline, Qingdao
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1-5-6, Ginza, Chuo-ku. At the new official Ginza store, Rapas aims to
embody its brand concept, total beauty support, with the Reperfe and
Super Reperfe series as well as the newly developed skin care cosmetic
brands, Lala Reset and Cherad Belle Beaute.
Moncler celebrates Tokyo flagship
Moncler celebrated the opening of its new flagship store in Tokyo’s
Ginza Mall by launching a new collection, arising from the collaboration
with art duo FriendsWithYou. The Moncler collection is entitled ‘Happy
Virus’, from the name of an animation film and limited edition print by
the art duo. The new Tokyo store at 2-4-9 Ginza, Chuo-Ku extends
over a 560-square-metre area on two floors, and was designed by
Paris architects Gilles & Boissier.
Ermenegildo Zegna inaugurated Global store in Tokyo
In March 2015, the renowned menswear specialist Ermenegildo
Zegna debuted its new Global store in Tokyo’s luxurious Ginza district.
Conceived by architect Peter Marino, the space – which at 700 square
metres is one of the brand’s largest worldwide – has been designed
to reflect the rich heritage of the brand. From the opening of the first
flagship store in Tokyo, Ermenegildo Zegna’s affinity with Japan has
been strong. With this latest venue at 2-6-16 Ginza, the worldwide leader
in luxury menswear creates a cultural dialogue in the form of wearable
artifacts, opening its institutional values to embrace a progressive
interpretation of today’s global spirit.
Skyline, Tokyo
TOKYO is the largest metropolitan area in the world. Metropolitan Tokyo
generally refers to the four prefectures Tokyo, Saitaima, Kanagawa and
Chiba, while the city of Tokyo usually refers to the 23 wards in Tokyo
Prefecture itself. The prefecture is part of the world's most populous
metropolitan area, with approximately 37.8 million people, and the
world’s largest urban agglomeration economy.
6667,987Omotesandō
6417,695Ginza-Chuo Avenue
4885,857Shinjuku
3333,994Shibuya
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Rapas Co opened a retail store in Ginza
The mail-order retailer of beauty and health products, which also
provides environmental technology solutions, said the store was opened
on 14th July to be its first bricks and mortar store globally. The new store
is located on the first floor of Ginza Renga Dori Fukujin Building,
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Agnès b. launched Ginza Boutique “Rue du Jour”
In celebration of its 40th anniversary, agnès b. opened a brand new flagship
in Tokyo’s Ginza district. The first agnès b. boutique to offer the label’s full
line-up of signature French casual designs, the 546-square-metre space
spans three floors of a six-story structure just behind the main Matsuya
Ginza Marronnier Street Building at 3-7-1 Ginza, Chuo-ku. Designed
by Hiroshima’s Suppose Design Office, Rue du Jour — a nod to the street
on which agnès b. opened its first shop in Paris back in 1975 — hosts
women’s items and a coffee shop on the first floor while the label’s sister
brand, TO B., and Voyage collections can be found one floor up.
Michael Kors acquired dream location in Ginza
Michael Kors has opened its flagship store in Tokyo’s Ginza district. The
designer unveiled a 725-square-metre store at 4-5-4 Ginza Chuo-ku
on 20th November 2015, the first in the world to carry every category
offered by the global luxury brand. The Ginza store, designed by Kors’
in-house design team, reflects the new design concept unveiled at
Shanghai’s Jing’An Kerry Centre in 2014.
Tasaki celebrated opening in Ginza Mitsukoshi
On 14th October 2015, Tasaki opened the new store in the Ginza
Mitsukoshi department store at 4-6-16 Ginza, Chuo-ku. The store,
expressing the Tasaki’s modern and stylish vision, occupies around
13.4 square metres on the first floor of Ginza Mitsukoshi. This is the
third store in the Ginza area, following the Tasaki Ginza flagship store
and the Tasaki Matsuya Ginza store.
Lotte opened Tokyo’s first downtown duty free shop
Lotte Duty Free, South Korea’s largest operator of duty-free stores,
opened a duty free outlet in Tokyo in March 2016 after it had acquired
an operating license from Japan’s customs service.Lotte is the first
duty-free shop operator running a downtown duty-free store in Tokyo.
Isetan Mitsukoshi Holdings, Japan’s largest department store operator,
had also competed with Lotte Duty Free for the city duty-free outlet
permission, but it failed to earn one because of a lack of preparation
in setting up an item collecting centre.The 4,396-square-metre tax-
exempt outlet to be managed by Lotte in Tokyo is situated near the busy
Ginza Station where 20 million shoppers visit every year. The store
is located within a five-minute walk from the station.Lotte Duty Free
welcomed the news expecting that the Tokyo outlet would provide it a
stepping stone to expand its duty-free business in Japan. The company
plans to open new stores in Tokyo and Osaka in 2017 as well as three
additional ones after 2020.
Versace marked its return to Tokyo with new flagship store
The Italian luxury brand Versace opened its first Japan flagship store
on 23rd November at 6-7-12 Ginza, Chuo-ku, Tokyo. The newly
constructed fashion building is poised to become the latest landmark
in Ginza 6-Chome. Divided into two wings, the building houses Versace
on its west end and Brunello Cucinelli on the east for a one-two punch
of Italian luxury.For Versace, this is the brand’s first flagship store in
Japan. Composed of three floors, the shop carries a highly-anticipated,
extensive lineup that includes the brand’s first-line collections.
Michael Kors, Chuo Street, Tokyo
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Moncler, Ginza Mall, Tokyo
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on 1st April. The property, which is named Nishitetsu Tenjin Class, will
host a Sony store on the first and second floor. The concept behind the
structure is that it is “a new kind of school”, where enterprising minds
can communicate and exchange ideas.
Dean and DeLuca opened in Fukuoka
Foodies of Fukuoka get very excited as Dean and DeLuca has
opened their largest Asian store. The new 860-square-metre branch
is located inside the Solaria Plaza at 2-2-43 Tenjin, Chuo-ku. The
Fukuoka store follows the philosophy of Dean and DeLuca that is
to mix the finest of local produce with the best that the world of
international gastronomic delight has to offer. The grand opening
took place on 25th April 2015.
Van Cleef & Arpels enhanced Japanese presence
Van Cleef & Arpels was proud to announce the opening of the Fukuoka
boutique inside the Fukuoka Solaria Plaza. With the largest floor
space of all of the Van Cleef & Arpels’ boutiques in the country— with
a refined expanse of 275 square metres, —this new boutique has
becomes the main elegant showcase for Van Cleef & Arpels’ jewellery
in Western Japan.
Skyline, Fukuoka
FUKUOKA is Kyushu’s largest and one of Japan’s ten most populated
cities. Because of its closeness to the Asian mainland, Fukuoka has
been an important harbour city for many centuries and was chosen by
the Mongol invasion forces as their landing point in the 13th century.
Today’s Fukuoka is the product of the fusion of two cities in the year
1889, when the port city of Hakata and the former castle town of Fukuoka
were united into one city called Fukuoka. Hakata remains the name
of one of Fukuoka’s central districts and of the main railway station.
TENJIN DISTRICT
Aesop’s new opening in Fukuoka
After opening up shop in Fukuoka for the first time in May 2015, Aesop
has now added a second signature boutique in the heart of town. The
97-square-metre retail space is a renewed collaboration with Tokyo-
based architect Shinichiro Ogata and his practice simplicity. The new
Aesop store at 2-4-5 Tenjin now stocks the brand’s full range of skin,
body and hair care products.
Sony’s new Fukuoka Tenjin store
On 1st March 2016, Nishitetsu announced that its new building, located
on Kokutai-doro next to Tsutaya and opposite the Apple store, will open
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Madison Avenue between East 88th and East 89th Streets. The space
was previously occupied by swimwear shop Malia Mills. Asking rent in
Benefit’s 10-year deal was 435 US Dollars per square foot.
Pinko making foray into the United States
Pinko, the women’s clothing and accessories brand out of Italy is
heading to the United States with a new store in New York City. Pinko
will be opening in about 1,000 square feet at 1058 Madison Avenue
at the northwest corner of East 80th Street through a 10-year deal. The
women’s ready-to-wear brand, which has dozens of shops across the
globe, is replacing women’s clothing company Comptoir des Cotonniers
at the Upper East Side building owned by David Frankel Realty. The
asking rent was 500 US Dollars per foot and Pinko will move in during
March 2016.
La Maison Du Chocolat revamped Madison flagship
La Maison du Chocolat closed its storefront for renovation and is dishing
out its French chocolates and ice cream from the art gallery next door
in the meantime.While the company’s flagship store, which opened
25 years ago at 1018 Madison Avenue, underwent a three-month
renovation, the brand launched a pop-up store next door at the Arader
Gallery. After the renovation, the flagship store re-opened in October.
Former Viand Cafe to become French fashion store
The Upper East Side space that housed former Mayor Michael
Bloomberg‘s favourite local coffee shop, Viand Cafe, is getting a new
Skyline, New York
NEW YORK is one of the most populous urban agglomerations in the
world, with a population of nearly 8.5 million, and it exerts a significant
impact upon commerce, finance, media, art, fashion, research,
technology, education, and entertainment. New York is an important
centre for international diplomacy and has been described as the
cultural capital of the world.
2,70432,451Fifth Avenue
1,89622,749Times Square
1,30215,618East 57th Street
1,25915,111Madison Avenue
6808,16034th Street - Herald Square
6087,295Broadway-Soho
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Benefit Cosmetics inked deal for third UES boutique
Benefit Cosmetics has sealed a deal for another Upper East Side shop.
The 1976 beauty company, which is based in San Francisco, is leasing
395 square feet on the ground floor of the residential co-op at 1225
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life, as an international clothing shop. IRO, a Paris-based men’s and
women’s ready-to-wear brand, is opening its second New York City
shop at 1013 Madison Avenue at East 78th Street. IRO signed a
10-year lease with a rent of 45,000 US Dollars per month. The space
includes 1,000 square feet on the ground floor and 900 square feet for
storage in the basement.
Roland Mouret flagship to quadruple in size
Although Roland Mouret flagship store at 925 Madison Avenue is
less than a year old, Mouret has already set his sights on a space
that is almost four times as large. A 5,250-square-foot landmark town
house with six floors at 1006 Madison Avenue near 78th street, which
formerly occupied by Peress lingerie, will be the designer’s new home in
Manhattan.The Madison Avenue town house features 20-foot ceilings,
the better to display Mouret’s handbags, shoes, scarves and sunglasses
as well as dresses and other ready-to-wear. Mouret’s neighbors on
Madison Avenue will be Intermix, Vilebrequin, Missoni, The Carlyle
Hotel and the Mark Hotel.
Christian Louboutin doubled Madison Avenue store size
French footwear brand Christian Louboutin has expanded its Madison
Avenue boutique to in New York city in order to accommodate its
growing product selection. The brand has operated its boutique at
965-967 Madison Avenue for several years, but has outgrown the
4,400-square-foot space, prompting renovations that almost doubles its
size. The renovated store made its debut on 2nd November, including
two distinct areas that invites men and women to explore Christian
Louboutin’s collections.
Gianvito Rossi debuted in New York
The Italian luxury designer Gianvito Rossi was in town to open his
flagship store in New York, at 963 Madison Avenue, on the corner with
75th Street.The boutique is the designer’s first in the U.S. market and
his fifth globally. Rossi, who has been quickly expanding his label, also
counts locations in Milan, Paris, Hong Kong and London.The elegant,
1,000-square-foot space which formerly house Zig Zag Jewellery, was
designed in partnership with Milan-based architect Patricia Urquiola. It
was wrapped in shades of pink, giving the store an ultra-feminine touch.
Jitrois opened first U.S. flagship
The luxurious French cult brand Jitrois has been looking to raise its
profile with a new boutique on Madison Avenue just a stone’s throw
from fellow countryman and purveyor of expensive things Christian
Louboutin. The sleek, 700-square-foot shop at 959 Madison Avenue,
formerly the independent boutique Shen New York, near 75th Street
was renovated, redesigned and opened on 21st April 2015. This is the
second U.S. store for Jitrois after the one in Aspen but the first flagship
store of the brand.
La Maison Annick Goutal unveiled its new store
Annick Goutal has signed a lease for its second U.S. store, a 700-square-
foot unit at 955 Madison Avenue at 75th Street which once housed
Claudia Ciuti. It follows a store on Bleecker Street in the West Village
that bowed in summer 2014. Annick Goutal, owned by Korean beauty
giant Amore Pacific which is dedicated to fragrances for men and
women, has opened its new store on 9th June. Sharing the Avenue
with fragrant neighbours Le Labo, Jo Malone, Diptyque, Creed, Bond
No.9 and Frederic Malle uptown is a destination for luxury perfumes.
Apple restored former bank
Apple overnight-added signage to its new retail location in the Upper
East Side of Manhattan that announced the store opened on 13th
June. The store at 940 Madison Avenue on the corner of 74th Street
occupies former the U.S. Mortgage & Trust bank built in 1921 that
most recently housed luxury retailer VBH. The building itself offers
a large amount of space, featuring a 4,000-square-foot ground level
and 1,000-square-foot mezzanine. Apple leased the building nearly
one year ago, and the site has been under renovation since at least
October 2014. The new store is Apple’s seventh retail location in New
York City, alongside Fifth Avenue, Grand Central, SoHo, Upper West
Side, West 14th Street, and Staten Island stores.
Apple, Madison Avenue, New York
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Moynat signs lease on Madison Avenue
Joining a burgeoning clutch of attractions on upper Madison Avenue,
French leather goods firm Moynat signed a lease at number 935, formerly
known as Whitney Brownstones. The heritage brand, revived in 2011
by Bernard Arnault, has opened a two-level, 2,320-square-foot flagship
before the New York Fashion Week in February 2016. Moynat made its
first foray into the U.S. market last year with a pop-up space at the Dover
Street Market emporium. Moynat confirmed that Americans represent
its second biggest clientele after Asians.
Aquazzura to open first US permanent store
Aquazzura, the luxury shoe retailer signed a new lease at 935 Madison
Avenue on Manhattan’s Upper East Side, which is the first permanent
location in the United States in February 2016. Situated between 74th
and 75th Streets on Madison Avenue, Aquazzura occupies 2,221 total
square feet of retail space, including 1,144 square feet on the ground
floor and 1,077 square feet in the lower level. The space features 17
feet of frontage on Madison Avenue, with the building’s original 1876
façade, as well as lofty 18-foot and 10-foot ceilings on the ground
floor and lower level, respectively. Aquazzura will sit at the base of the
former Whitney Townhouses, brownstones that have been completely
redeveloped into luxury boutique condominiums, and directly next door
to the new The Met Breuer. Aquazzura will join French leather goods
retailer Moynat, who recently announced its opening and will occupy
the adjacent space. 935 Madison is located in close proximity to other
notable retailers and hotels including Apple, Gianvito Rossi, Carolina
Herrera, The Surrey Hotel, The Carlyle Hotel and The Mark Hotel.
Djula due to launch its first international store in New York
Djula is continuing to expand and now intends to consolidate its
international presence by opening its own brand stores. The jeweler,
which already has four locations in Paris, is going to focus its investment
on the development of a fleet of international retail stores. It will start
in New York - its first store abroad - in summer. Djula has found a
space at 922 Madison Avenue, which was formerly occupied by
Jane Kahan Gallery. The 323-square-foot location, launching in late
July, demonstrates the jeweler’s desire to accelerate its growth in the
US market.
Elie Saab brings first store in the US to Madison Ave
In a big statement for Madison Avenue, elegant fashion designer
Elie Saab has signed a lease for a 4,000-square-foot flagship at 860
Madison Avenue that will be his very first store in the United States.
The Lebanese designer, found in luxury stores around the world, had
been trolling Madison for over a year. The duplex space with a basement
was a former Juicy Couture and sits on the northwest corner of E. 70th
Street, next door to Celine and across from Prada, Bottega Veneta and
Tom Ford New York.
Isaia menswear heading to Madison Avenue
Isaia, the Naples, Italy-based luxury tailored clothing brand, has signed a
15-year lease for 6,000 square feet over multiple levels at 819 Madison
Avenue, between 68th and 69th Streets. The property, owned by
Friedland Properties, was occupied by the Donna Karan flagship until
August 2014. The asking rent was 1,400 US Dollars per square foot
for the ground floor and 350 to 500 US Dollars for upper floors. This
will be Isaia’s first freestanding store in the United States, as it was
previously only sold in specialty stores and luxury retailers like Barneys,
Neiman Marcus, and Saks.
Sonia Rykiel launched its New York store
Designer Sonia Rykiel has opened a 1,900-square-foot store at 816
Madison Avenue in New York City, which was formerly a Kent & Curwen
store. The anticipated February opening marks the beginning of a global
acceleration strategy for Sonia Rykiel in the U.S. market.This is the
brand’s first opening of a free-standing unit in North America, and the
store carries ready-to-wear, fur, leather goods, shoes and childrenswear.
Additionally, the shop offers special items designed exclusively for the
location by artistic director Julie de Libran.
La Perla redesigned Madison Avenue store
Intimates brand La Perla has re-opened its 803 Madison Avenue
Moynat Paris, Madison Avenue, New York
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167
Miami
Cartier brought “world of luxury, elegance” to Miami Design
District
French jewellery maison Cartier has continued the luxury growth spurt
of the Miami Design District with a three-storey boutique opening. The
7,500-square foot store is reminiscent of a Parisian “hotel particulier” in
the 16th arrondissement and was designed by architect Bruno Moinard
and built by Callison Architects. The Miami Design District boutique is
the first boutique for the brand in the South Floridian city.
Givenchy joins the luxury Design District strip
Givenchy is one of the latest LVMH’s brands to open in Miami’s Design
District. The newest store in the brand’s retail roll out opened on 12th
March 2015 with a design consistent with Givenchy’s Paris flagship,
which reinterprets the boxes Hubert de Givenchy used to deliver his
couture dresses as half-closed black lacquer boxes that display the
collection within the store.
Louis Vuitton’s massive Design District store opened
Louis Vuitton opened its mega multi-story Design District boutique
on 10th April 2015. Louis Vuitton was one of the first major brands
to pioneer the great luxury migration into the Design District when it
closed up its Bal Harbour store (the brand’s first outside of New York)
and opened a temporary shop in 2012. Now Louis Vuitton is all grown
up, finally moving into its much-anticipated space at 140 NE 39th
Street and displaying an extensive offering of Nicholas Ghesquière’s
latest collections.
Skyline, Miami
MIAMI, the 42nd largest city in the United States, with a population
of over 420,000, is the principal, central, and most populous city of
the Miami metropolitan area. It is the most populous metropolis in the
southern US after Washington, D.C.
rents/sqm/
month (Euros)
Average prime
rents/sqm/year
(Euros)
1421,706The Design District
2623,140Lincoln Road
MIAMI DESIGN DISTRICT
Loewe brought Spanish roots to Miami
As luxury retailers are looking at capitalizing on their North American
potential, Miami has been one of the most talked about places to try
and expand given the large influx of tourists and the increasingly more
wealthy demographics of many cities. That is why, when Spanish luxury
brand Loewe looked to open their first North American flagship, they
looked at none other than Miami, Florida, which is rich in Spanish
influence and history. The store opened in Miami’s Design District,
a district famous for its Art Deco influence, but there was no Art Deco
to be had here. This will also be the first Loewe store that will be bear
major conceptual direction from Loewe’s Creative Director Jonathan
Anderson.
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Vacheron Constantin inaugurated
Miami Design District is boosting its reputation as a collectors’ haven
once more. On 3rd February 2015, Vacheron Constantin opened its
doors in the growing shopping mecca at 140 NE 39th Street, adding to
the district’s other big-ticket imports such as Bulgari, Jaeger-LeCoultre
and IWC Schaffhausen. The 1,400-square-foot space is the Geneva-
based firm’s fifth standalone store in the United States, and its first
outside of better-known luxury timepiece hubs such as New York, Las
Vegas and the Los Angeles area.
Parmigiani Fleurier made U.S entry
Swiss watchmaker Parmigiani Fleurier has joined the Design District’s
“Watch Row.” Located within the Palm Court, where other luxury
watchmakers like Hublot and Vacheron Constantin have recently
opened their doors, this is the brand’s first stand-alone shop in America.
Dubbed Studio Parmigiani, this new 1,038-square-foot store has three
sections, displaying all of its Swiss-made timepieces, latest collections,
and Haute Horlogerie pieces.
Harry Winston opened a new salon
Harry Winston has become the latest brand to move to Miami’s
expanding Design District. The 7,168-square-foot salon now joins
over 20 Harry Winston salons open in 20 cities worldwide.The retail
salon, located at 166 NE 39th Street, officially opened following a
ceremonial ribbon cutting on 13th May 2015 and references the brand’s
Fifth Avenue flagship store in New York City. The Miami Design District
retail salon is Harry Winston’s 11th salon to open in the United States
and the second to open in Florida.
Miu Miu extended retail network
Miu Miu, which has operated a boutique at Bal Harbour Shops since
2009, is adding to the sizzle in the Miami Design District with a shop
that opened on 23rd April 2015. Architect Roberto Baciocchi designed
the bi-level, 5,435-square-foot store at 190 NE 39th Street. A perforated
metal curtain backs its glass facade adorned with light boxes and
geometric bands in black marble.
TAG Heuer opened Miami location
Reinforcing its position as a pioneer in the luxury watch sector, TAG
Heuer celebrated the opening of its ninth U.S. boutique in the thriving
Miami Design District on March 13, 2015. TAG Heuer chose Miami’s
Design District because of its burgeoning neighborhood dedicated to
cutting edge fashion, design, art and architecture – all elements that
embody the company’s brand. The 900-square-foot store is located in
Palm Court – designed by one of today’s most forward thinking, award
winning Japanese architects, Sou Fujimoto.
Jaeger-LeCoultre Cut the Ribbon
Following Beverly Hills, Boca Raton, Las Vegas, Costa Mesa, Palm
Beach, Aventura, and New York, Jaeger-LeCoultre has opened its
Miami Design District boutique, a unique luxury shopping destination
and new meeting place for Fine Watchmaking lovers. In the heart of the
Vacheron Constantin, 39th Street, Miami
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Louis Vuitton, 39th Street, Miami
Givenchy, 39th Street, Miami
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Bar Refaeli for Agent Provocateur's Spring/Summer 2016 Campaign
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