Smyths Toys, Nina von C., KFC and TEDi - Occupancy rate of the retail property in the Bavarian city at around 95 per cent
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Issuer: P&P Group
/ Key word(s): Real Estate/Expansion
Fürth (Germany), 28.11.2024 - Two of the four new retail and catering outlets in the urban experience centre FLAiR Fürth in Germany will open by the beginning of December. The toy expert Smyths Toys will welcome its customers in the Bavarian city Fürth to the second ground floor for the first time on Black Friday tomorrow (29 November) - on more than 1,300 square metres of retail space, which was previously used by the virtual reality playground Hologate and several surrounding shop areas. The lingerie experts from the Nina von C. chain will open on the same level on 5 December. The international restaurant brand KFC and the non-food discounter TEDi will follow in the first quarter of 2025. ‘These brands are the perfect addition to our product range,’ emphasised Velimir Filipović, General Manager of FLAiR and therefore responsible for the property. The quality of the location, right in the heart of the city of Fürth, and the centre concept is also demonstrated by the fact that the non-food discounter TEDi will be moving in in the first quarter of 2025, taking over more than 600 square metres of retail space on the first ground floor, where the organic supermarket denn's was previously located. ‘The occupancy rate of around 95 per cent is extremely positive and remarkable, especially in view of the current economic situation in the retail and catering sectors.’ The attractiveness of the centre is also enhanced by the fact that KFC has been given a separate external entrance, which allows the fast food giant to open beyond the centre's regular opening hours. The decision to open the experience centre is an important step for the brands now located at FLAiR. ‘In addition to the store in Schwabach, we were looking for another promising location in the metropolitan region for Smyths Toys. The FLAiR Fürth perfectly met our requirements in terms of location, surroundings and footfall,’ explains René Rüprich, the responsible Sales Manager at Smyths Toys: ’Especially at this size, such proximity to the city centre plus excellent transport links is ideal.’ For General Manager Filipović, the current success stories are also important beyond the FLAiR: ‘The FLAIR is a central factor in Fürth, from which not only the shops and restaurants in the centre benefit, but also the entire city centre.’ FLAiR offers around 60 shops in total - with an attractive mix of national and international brands, regional tenants and a varied range of restaurants. The P&P Group took over the location in 2016, subsequently built a completely new property by 2021 and developed it into a sought-after meeting place in Fürth city centre. The average number of visitors to FLAiR has now risen to more than 10,000 per day. Filipović: ‘With the branches that are now being added, we can certainly confirm or even strengthen this positive trend.’
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