Aldar, Apparel Group Seal 23 Lease Store Contracts

Aldar, Apparel Group Seal 23 Lease Store Contracts

Aldar Properties, Abu Dhabi’s leading property development, management, and investment firm, has sealed a major deal with global fashion and lifestyle retail conglomerate Apparel Group, regarding 23 stores across three of the former’s popular retail malls in the UAE, Invest-Gate reports.

“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,” read an official release on June 13. Scheduled to open on May 26, 2020 and representing some of the most prominent international brands such as Tommy Hilfiger and Dune, the newest additions will be situated at Abu Dhabi’s Yas Mall and The Mall at World Trade Center Abu Dhabi (WTCAD), as well as, Al Jimi Mall in Al Ain.

“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,” CEO of Aldar Talal Al Dhiyebi was quoted as saying.

Meanwhile, Nilesh Ved, CEO of Apparel Group, highlighted that his firm manages and operates some of the world’s renowned brands in the region. Therefore, it has been “selective” when it comes to picking locations chosen such trademarks.

“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. We have great confidence in the Abu Dhabi market and with Aldar retail properties,” Ved elaborated.


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