Archive | Fashion

H&M to open at Queensgate

Expanding Swedish fashion retailer H&M (H&M Hennes & Mauritz AB) will open its first Wellington store at the Queensgate shopping centre in Lower Hutt this year.

Centre manager Stride Property Group’s shopping centres general manager, Roy Stansfield, said on Friday the announcement marked an important milestone in a large project, which had been a long time in the works: “We’re incredibly excited that a world-renowned brand like H&M has chosen Queensgate as the location for its first Wellington store. It’s testament to the standard of the centre & the opportunities in the region as a whole. Customers & retailers alike have been curious about the works going on in the centre as we prepare for H&M’s opening, so we’re very happy to be able to finally confirm who this new tenant is.”

Stride hasn’t confirmed the store’s opening date yet.

The Diversified NZ Property Trust, which Stride manages, bought the former Westfield mall from Scentre Group (NZ) Ltd last August. Part of it was closed after the Kaikoura earthquake in November and a portion of the carpark & its cinema complex were demolished. After a partial reopening, the centre was fully reopened in April.

H&M has a big international expansion programme underway, with 500 openings completed or planned this year.

Attribution: Company release.

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Dress-Smart to introduce late-night shopping

Dress-Smart Onehunga will introduce late-night shopping on Thursday 1 October as it celebrates 20 years in business. It will stay open an extra 2 hours on Thursdays, until 7pm.

Centre manager Gaylene Powell said yesterday the advent of late-night shopping was a positive way to recognise the growth of demand for outlet shopping. It’s also about parking: “Research showed us we needed to take the pressure off weekend demand, where parking is often challenging for shoppers. Our tenant buy-in has been very positive and they are excited about the prospect of offering shoppers an ‘after hours’ alternative to the weekend.

“Late-night trading will also bring more families into the centre to enjoy the variety of food & beverage offerings whilst they’re shopping.”

Dress-Smart opened with 20 stores in October 1995 and has 104 stores today, with a net lettable area of 12,626m².

Lend Lease Corp of Sydney bought this Dress-Smart outlet centre, 2 others in Christchurch & Wellington and the Meridian Mall in Dunedin in October 2010 as part of the consortium purchase of the assets of the ING Retail Property Fund, then sold them a year later into a closed-ended unlisted wholesale property fund, the Lend Lease Real Estate Partners NZ Fund, for $197 million.

Primeproperty Group Ltd (Eyal Aharoni) bought Dress-smart Wellington from Lend Lease for an undisclosed sum 2 years ago and renamed it Outlet City Wellington. Lend Lease has the remaining 3 properties on its fund’s books at $246 million.

Oyster Property Group Ltd, now 50% owned by the Brisbane-based Cromwell Property Group, manages the Lend Lease fund’s 3 properties.

Oyster manages over $750 million of commercial property assets through a combination of private property syndicates & institutional property management mandates.

Earlier stories:
6 June 2014: Cromwell buys half of Oyster, McKellar to chair it
21 October 2011: Lend Lease sells 4 NZ retail centres into wholesale fund

Attribution: Company release.

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Hallenstein & Glasson to open 2-level store in Christchurch cbd

Clothing retailer Hallenstein Glasson Holdings Ltd announced plans yesterday for a new flagship store in the Christchurch cbd – Glassons on the ground floor and Hallensteins on level one of a 908m² shop in the new ANZ Centre building on the corner of High & Cashel Sts.

The 2-level store will mimic the model opened on Lambton Quay in Wellington late in 2013.

Chief executive Graeme Popplewell said the investment was part of Hallenstein Glasson’s overall strategy to ensure its brands were dominant in key market locations: “You don’t get opportunities like this every day of the week. It’s an amazing chance to get the best position and to be part of the whole new city.

“We see it as a long-term decision. It’s really important for us, as a strong New Zealand brand, to ensure we have a strong presence in Christchurch. This is a bespoke situation where we can design the store exactly as we want. What we will deliver will be of the highest international standard and reinforce the strength of both brands and that we know & understand our customers.”

Match Realty director Aubrey Cheng, who brokered the lease, said it was a significant boost for the Christchurch cbd retail precinct: “To date, most of the news has been centred around offices, government departments & banks. But Hallenstein Glasson has recognised that the rebuild offers a unique opportunity to represent their brand to shoppers coming back into the city and provide something different to what is typically found in the malls.

“This area around Ballantynes and down Cashel to High St is the prime stretch for fashion retail because there is a consistent streetscape on both sides, from ANZ Centre & The Crossing, where both projects are focused on securing fashion retailers which will provide the depth & range of a necessary critical mass of fashion retail.”

Mr Cheng said interest had come from both international & local retailers: “We are conscious of providing a stimulating mix of retailers, embracing the best of what New Zealand has to offer coupled with the product pull of internationals. We certainly intend to bring new brands & concepts to Christchurch.”

Attribution: Company release.

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Prime Retail opens second Fashion Island

Published 19 December 2007

Dress-Smart creator Prime Retail Management Ltd opened its second lifestyle centre, Fashion Island, in Nelson today.

 

The centre has 28 retail tenancies with a distinct fashion focus. Chief executive Mark Schiele said Fashion Island Nelson was home to big-brand New Zealand fashion retailers, specialist accessory and health & beauty stores, a wine bar & cafés.

 

Mr Schiele said the Fashion Island concept was founded on the premise of putting convenience & fun back into the shopping experience: “Worldwide, there is a trend away from malls & internally focused retail environments. Consumers want to return to neighbourhood shopping with an environment & ambience that is relaxed.

 

“We opened the first Fashion Island development in Papamoa in May 2006. The design used in Fashion Island Nelson has been further developed & refined, based on best practice associated with US ‘lifestyle centres’ and the desire to completely tailor the concept to the urban Nelson location. The indoor/outdoor flow is a perfect fit with Nelson’s temperate climate and we’re confident the people of Nelson will find this an enticing & enjoyable place, not just to shop, but also to eat out, meet with friends or simply relax.”

 

The complex has 3500m2 of retail & 1500m2 of office space between Morrison St, Hardy St & Selwyn Place.

 

Prime Retail Management is an Auckland-based national retail property development & management firm specialising in niche retail concepts. It was the brainchild of 5 entrepreneurial businessmen – Gary Gwynne, John Bougen, Graeme Edwards, Nigel Powell & Mark Schiele, who remain its directors.

 

Their first retail development concept was the Dress-Smart group of outlet shopping centres, since sold.

 

Website: Prime Retail

 

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Attribution: Company statement, story written by Bob Dey for this website.

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