Tamdeen and Alshaya sign major leasing deal – Under agreement, 22 household name brands will join Al-Kout Mall’s outlets

This news has been read 9568 times!

KUWAIT CITY, Jan 24: Tamdeen Group – Kuwait’s leading mixed-use property developer — signed a leasing agreement with leading retail franchise operator M.H. Alshaya Co to open 22 apparel, pharmacy, optical and restaurant outlets in the new Al-Kout Mall which is part of Al-Kout, the largest mixed-use waterfront destination in Kuwait.

The agreement between M.H. Alshaya and GLA Management — a professional mall-management firm that is part of the Tamdeen Group — will offer mall visitors a selection of current favorites in M.H. Alshaya’s portfolio of stores, café and restaurant brands, as well as a number of new brands not yet introduced to the market.

Alshaya’s 75 leading international brands offer shoppers a wide range of choices across fashion & footwear, food, health & beauty and optics brands.

Christian Wistrom, General Manager — Leasing, GLA Management, said: “We are delighted to partner with M.H. Alshaya Co who are recognized as retail experts in the region. The breadth of brands and quality of service they offer appeals to the diverse aspirations of Kuwaiti residents who are among some of the world’s most discerning shoppers.

“Al-Kout Mall will be fully leased ahead of the project completion date by year-end, and having M.H. Alshaya on board is an expression of investor confidence in the project’s potential.”

Under the deal, the 22 household name brands that will join Al-Kout Mall’s growing list of shops, cafes and restaurants, include: Victoria’s Secret, American Eagle Outfitters, Bath & Body Works, Boots, Claire’s, H&M, Justice, Mac, Next, P.F Chang’s, Payless ShoeSource, Starbucks, The Body Shop, Top Shop, VaVaVoom, Vision Express, Mothercare and Foot Locker.

John Hadden, Senior Vice-President — Retail Property, M.H. Alshaya Co, said: “We are very impressed with the vision of Al-Kout Mall and are confident that it will become a popular destination for residents and visitors to Kuwait. We are pleased to be working with Tamdeen Group once again to introduce some of our most popular brands to the mall and look forward to welcoming customers.”

The new Al-Kout Mall was designed according to the highest international standards of modern shopping center design that balances practical design with great experiences. The mall is part of Al-Kout in the Ahmadi Governorate, the largest mixed-use waterfront development in Kuwait. The project reflects traditional architectural heritage blended with modern design featuring six different experiences across entertainment, shopping and hospitality in a destination spread over 300,000 sq mtrs that visitors can walk through seamlessly between its different components.

The Al-Kout Mall project is aligned with Tamdeen Group’s strategy of transforming the modern retail sector in the country whilst encouraging high impact retail entrepreneurs to contribute towards innovation in modern retail.

This news has been read 9568 times!