27th Feb 2015 08:01
LONDON (Alliance News) - FTSE 250-listed real estate investor Redefine International PLC Friday said it has signed a deal with Associated British Foods PLC's Primark fashion retail chain to take space at the City Arcaden Shopping Centre in Ingolstadt in Germany.
Primark will take a 5,200 square metre space in the centre, which Refine bought in August last year.
"We are very pleased to have agreed this landmark transaction with Primark. The arrival of Europe's most sought after discount fashion brand in Ingolstadt is exceptionally good news for the City, and marks Redefine International's second Primark store in Germany, following its highly successful outlet in our Berlin shopping centre, the Schloss-Strassen Centre," said Redefine Chief Executive Officer Mike Watters.
By Sam Unsted; [email protected]; @SamUAtAlliance
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