Abu Dhabi – Mubasher: Aldar Properties has signed a lease agreement with global fashion and lifestyle retail conglomerate Apparel Group for 23 stores in Yas Mall, and The Mall at World Trade Centre, and Al Jimi Mall in Al Ain.
The deal represents more than 100,000 square feet of retail space across the three malls, according to a company statement released on Thursday.
“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 Properties Talal Al Dhiyebi said.
In May, Aldar Properties posted a 26% year-on-year decline in its net profit for the first quarter of 2019, recording AED 493 million.
