International brands KFC, Smyths Toys and TEDi increase as new tenants the attractiveness of the retail centre FLAiR in the German city Fürth and they are boosting the space utilisation to 95 percent

Issuer: P&P Group / Key word(s): Real Estate/Contract International brands KFC, Smyths Toys and TEDi increase as new tenants the attractiveness of the retail centre FLAiR in the German city Fürth and they are boosting the space utilisation to 95 percent 16.09.2024 / 08:16 CET/CEST The issuer is solely responsible for the content of this announcement. Fürth (Germany), 16.09.2024 – The retail centre FLAiR in the German city Fürth announces the arrival of three new, attractive tenants on the occasion of its third birthday. ‘We are delighted that the international brands KFC, Smyths Toys and TEDi will be adding to the FLAiR's shopping and gastronomy offering this year and significantly enhancing it further,’ emphasised Eva-Maria Zurek, CEO of the  investor and operator P&P Group, at the start of the anniversary action week in the Bavarian metropolitan region: ’These are important positive steps that are particularly noteworthy in the current economic situation for retail and gastronomy. This shows the quality of the location and the centre concept.’ Kentucky Fried Chicken, one of the best-known international restaurant brands, will be represented on around 250 square metres on the second ground floor of the FLAiR from mid-October. A separate external entrance will then allow the fast-food giant, which specialises in a wide variety of chicken, to open beyond the centre's regular opening hours. Toy and toy expert Smyths Toys will welcome its customers for the first time in November on more than 1,300 square metres of retail space - in an area previously used by the virtual reality playground Hologate on the second ground floor as well as other adjacent shop areas. The non-food discounter TEDi is renting more than 600 square metres of retail space on the first ground floor, where the organic supermarket Denns was previously located, plus an adjacent area, and also plans to open this year. ‘The fact that the space can be occupied by such a well-known tenant and that we are achieving 95 per cent occupancy is a very pleasing development,’ emphasises Velimir Filipović, General Manager of FLAiR and responsible for the property in this position. ‘We are also already holding very promising talks for the few areas that are still open.’