GENERAL MERCHANDISE NEWS
M&S to anchor New Shangai Mall Space
8 March, 2011 | by Retail Bulletin
M&S has agreed to become the anchor tenant in a Shanghai shopping mall, mall owner Treasury China Trust, or TCT, announced yesterday.
An M&S spokeswoman said the company has signed a letter of intent to lease the property and the company will announce further details closer to the 2013 opening time.
The 10-year lease pre-commitment by Marks & Spencer is for 3,768sq m of retail space in City Center in China’s financial capital.“TCT is very pleased to have secured Marks & Spencer as an anchor tenant for the redeveloped City Center, which upon completion in 2013 will be a signature retail mall in Shanghai,” Richard David, chief executive officer of TCT, said in a statement.
