Fashion giant Zara has secured an expansive new unit within the Atria Watford shopping center in UK, owned by property company SGS and overseen by Global Mutual, to amplify its current store within the complex. This novel unit, set to open its doors in early 2024, will replace Zara’s existing 18,000-square-foot store, marking a considerable expansion. Zara has inked a 15-year lease for the upsized space, encompassing 43,000 square feet over two floors—the upper mall and mezzanine—where it will offer its extensive fashion line for women, men, and children.
Steve Gray, head of European retail asset management at Global Mutual, expressed his excitement for the expanded unit, noting its potential to enhance Atria Watford’s offerings. He emphasised Zara’s popularity among shoppers and its role as a key footfall generator as 2024 approaches. Gray also highlighted the strong performance of Zara’s existing store at the center and the partnership they’ve cultivated with the brand.
Furthermore, Gray hinted at sustained high demand for their retail spaces throughout 2024 and signaled the possibility of more such developments in the months ahead.
Atria Watford, an important retail and leisure destination in UK, spans 1.4 million square feet and hosts a multitude of fashion brands, including Next, Mango, Uniqlo, and Hollister.