Aldar finalises deal with Apparel

Business Bureau, Gulf Today

Aldar Properties (Aldar) retail portfolio, has finalised a major agreement with the global fashion and lifestyle retail conglomerate, Apparel Group, for 23 stores across three of its popular retail malls, Yas Mall and The Mall at World Trade Centre (The Mall at WTCAD), in Abu Dhabi, and Al Jimi Mall in Al Ain.

Representing international brands such as Aldo, Inglot, Tommy Hilfiger, Charles & Keith, Call it Spring, TOMS, Athlete’s Co., Skechers, Birkenstock, Dune, Nine West, Anne Klein, amongst others, the first of the 23 stores opened on the May 26. The deal, a strong confidence indicator for Abu Dhabi’s retail sector, represents over 100,000 square feet of retail space across the three malls.

Speaking about the agreement, Talal Al Dhiyebi, Chief Executive Officer, Aldar Properties, said: “We are delighted to welcome 23 new Apparel Group stores, occupying 100,000 square foot of space, to our flagship malls across Abu Dhabi. This agreement represents a solid investment and reaffirms the confidence in our mall destinations to deliver quality footfall and positive future growth. Our relationship with Apparel Group spans many years and their incredible selection of international brands consistently draws visitors to our world-class retail properties.

This further expansion of Apparel brand stores across Aldar’s portfolio of retail properties, is great news for all of our visitors and great news for Abu Dhabi, as we continue to elevate our offering for residents and visitors.” Nilesh Ved, CEO, Apparel Group, said: “Apparel Group manages and operates some of the world’s best-known brands in the region and as such, we are selective about the locations we choose for them. We consider Aldar to be a strong strategic partner to secure a successful future for our brands. We also feel that these three flagship properties are well aligned with our long-term goals.