Orchid Developments Group Ltd
13 February 2012
13 February 2012
Orchid Developments Group Ltd.
("Orchid" or the "Group")
Four new tenants at the Grand Mall Varna
Orchid Developments Group Ltd, the Bulgarian focused property developer and investor, today announces that it has secured four new tenancy agreements at the Grand Mall Varna, an encouraging start to its 2012 marketing programme.
The tenants include a mix of international and local brands:
-- Amigo, a Spanish kids fashion chain;
-- Swissiea, a franchisee of Geox, the Italian fashion shoe brand;
-- Bushman, an international outdoor and lifestyle chain; and
-- L Collection, a local women's fashion retailer.
These new names join international brands Bershka, Carrefour, H&M, McDonalds, Mango, Nike and Zara to confirm the Grand Mall's leading status in the Varna lifestyle and retail environment.
The Grand Mall Varna now has in excess of 77.2% (38,300 sqm) of its total area leased. The four new tenants are due to start trading by the end of April, further enhancing the retail experience for the 20,000 people who visit the mall every day.
Guy Meyohas, Chief Executive Officer of Orchid, said:
"We continue to make good progress letting the remaining space at the Grand Mall. We have secured four new fashion retailers who are complemented by the extensive dining, leisure and entertainment the mall has to offer."
Orchid Developments www.orchid-dev.com
Guy Meyohas +35 92 981 9955
Shore Capital and Corporate Limited
Bidhi Bhoma / Toby Gibbs +44 20 7408 4090
Reg Hoare / Tim McCall / Vicky
Watkins +44 20 3128 8100
Notes to Editors:
Orchid Developments Group Ltd (OCH.L), which listed on the AIM market in June 2005, was established with the aim of generating value for shareholders by investing in real estate and leisure business opportunities initially in Bulgaria.
The company is active in all principal sub-sectors of the Bulgarian real estate and leisure markets and currently holds three residential and six commercial property developments in Sofia and Varna. Its principal investment is Grand Mall Varna, Bulgaria's leading shopping mall.
This information is provided by RNS
The company news service from the London Stock Exchange