18th Oct 2018 09:29
LONDON (Alliance News) - Intu Properties PLC said Thursday several retail brands have signed up for new leases despite challenges in the retail industry.
The shopping centre operator said brands like Mazda, Shortlist Media, Monki, Oliver Bonas and Typo have signed new leases with the company since August. Debenhams launched its new concept store at intu Watford in September, the company added.
"Despite wider industry challenges, exciting, innovative brands are choosing our prime locations which offer a compelling mix of retail, leisure and experience, and deliver reliably high footfall," said Chief Executive David Fischel.
"The highly successful opening of Debenhams at our brand new intu Watford extension is a great example of how landlords can collaborate closely with retailers to help them deliver the very best destination stores that create value for their both their business and customers," he added.
Shares in Intu Properties in London were trading 0.1% higher at 180.55 pence each in morning trade. In Johannesburg, shares were 0.2% lower at ZAR33.34.
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