New tenants at Grand Mall
February 13 2012 - 2:00AM
RNS Non-Regulatory
TIDMOCH
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."
Ends
Contacts:
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
MHP Communications
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
END
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