• H&M signs for Avenue Mall Zagreb

• Avenue Mall Zagreb, opened in 2007, strengthens its tenant mix even further

In pursuit of the strategy to strengthen the tenant mix of the Avenue Mall Zagreb, GTC, the co-owner and manager of the mall, has signed a lease contract with H&M for 1,840 sq m of retail space located on two levels of the mall. The shop will open its doors in spring 2012, replacing the existing kid’s and sports store.  

H&M is rapidly entering the Croatian market and has identified Avenue Mall Zagreb as an important location to open its store. With 1,840 sq m , H&M store in Avenue Mall Zagreb will be one of the biggest in the country.

Over last couple of months Avenue Mall Zagreb has seen a 20% increase in the foot fall, compared to last year figure, despite the fact that new malls opened during 2009 and 2010. This is a result of marketing efforts and long-term strategy in positioning the mall as a place for all generations. Weekly foot fall reached more than 160,000 people.

Besides adding H&M, a world’s fashion leader, ,Avenue Mall is facing further changes. One2Play, a large kid’s store and playground, is moving to a larger area on the second floor, in order to continue offering top quality toys and safe entertainment for youngsters while their parents are enjoying worry free shopping. Also Elipso store has recently opened its doors on the second level and thus enhanced the tenant mix with electronics merchandise that so far was not present in the mall.

“H&M signing for Avenue Mall Zagreb is  another breakthrough for an already top performing project,” said Sinisa Slijepcevic, GTC’s Country Manager for Croatia. “This is a proof that Avenue Malls continues to be the leader on the market and is recognized by top performing international and local brands. With H&M as the top fashion anchor, we believe we are securing further success of our project. And this is not the end… we continue to negotiate with other interesting tenants, always having in mind the needs and comfort of our customers and raising the value of our mall.’

H&M will open its doors in spring 2012, replacing the existing kid’s and sports store.

Avenue Mall Zagreb opened its doors in August 2007 as the first international style third-generation shopping centre in Zagreb. It is situated on one of the busiest cross-roads in the country, in densely populated residential area, with 200,000 people in immediate catchment area.

The mall boasts 26,500 sq m and features 120 stores, including Konzum supermarket, Blitz-Cinestar multiplex and Algoritam multimedia and book store.

The offer also includes stores of the most popular Croatian and international brands including Zara, Bershka, New Yorker, Deichmann, Marks&Spencer, Sportina, Mango, Esprit, Tommy Hilfiger, Lacoste, Sephora, Je’s, Shoe be Do, Drogerie Markt, Benetton, Motivi, Oltre, Rituals, Samsonite, Sony, Nike, Gant, Guess Accessories, Bata, Osh Kosh, Tom Tailor, etc.

To provide comfort for our customers, we offer a car park for over 1,000 vehicles. The mall has also an excellent visibility and access to public transportation, with buses and trams stopping in front of the building

In early 2011, GTC will open another shopping mall in Croatia: Avenue Mall Osjiek, which is conveniently located at the western part of the city, just 7 minutes drive from the center.  On its 27,000 sg m of net rental area it will offer entertainment and shopping, including following: Cineplexx multiplex, Benetton, Oviesse, Terranova, Esprit, Tom Tailor, Bata, Kappa, Reebok, Fox, Algoritam bookstore, Mercator supermarket and many others.

Globe Trade Centre (GTC) is one of the leading developers in the New Europe and was established in 1994 in Warsaw. Currently it operates in Poland, Hungary, the Czech Republic, Romania, Serbia, Croatia, Slovakia, Bulgaria, Russia and Ukraine.

GTC develops projects and manages completed properties in three key sectors of real estate: office buildings and parks, retail and entertainment centers and residential sector.

GTC has developed about 800,000 sq m of net space and currently is the owner of completed commercial property with a combined net area of about 523,000 sq m. GTC also holds an impressive portfolio of investment at various stages of development which will facilitate the construction of 1.7 million sq m of commercial and residential space. GTC’s total assets exceed EUR 2.7 billion.

GTC’s shares are listed on the Warsaw Stock Exchange on the prestigious WIG20 index. The company’s shares are also included in the international MSCI index and Dow Jones STOXX Eastern Europe 300 index, as well as the GPR250 index which comprises the 250 biggest and most liquid real estate companies of the world. Among GTC’s shareholders are many of the biggest Polish and international institutional investors.

Globe Trade Centre S.A.

KOR 45A, 02-146 Warsaw NIP: 527-00-25-113 T: +48 22 16 60 700 www.gtc.com.pl

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