The first shopping center announced the early termination of the contract with a foreign retailer from an “unfriendly” country. The Spanish Inditex, owner of the Zara, Bershka, Pull & Bear brands, occupied 4.5 thousand square meters in Moscow’s Afimall. m of commercial premises.
RBC writes about the termination of the lease with Inditex in reference to the press service of the Afimall shopping center.
Afimall highlighted that the shopping center was the first in Russia to terminate the lease of commercial premises with the Spanish Inditex earlier than expected. The chain stores (Zara, Bershka, Pull & Bear, Massimo Dutti, Oysho) occupied about 4.5 thousand square meters in the shopping center. area m.
Russian and international brands will be located in the Inditex squares, their stores will open in October, specifies Afimall.
In July, the State Duma adopted the law on the right of owners of renting business premises to early terminate leases with companies from “enemy” countries. The document also gives landlords the right to demand higher rents.
In June it was reported that Inditex itself terminated its lease contracts with shopping centers. Retail outlets in Moscow and the regions were subject to optimization.
Author:
Kirill Bilyk
Source: RB
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