New Tenant in Stockmann Department Store
Riga, January 05, 2016
At the end of summer 2015 two new tenants opened in the Stockmann department store - electrical appliance store Euronics and café Costa Coffee.
Stockmann’s real estate division signed a lease agreement with the company Anvol, which owns a chain of XS Rotaļlietas shops, for the opening of a permanent store on the 4th floor of the department store. Currently XS Rotaļlietas launched a pop-up store on the 2nd floor and it will be open until the end of January. A permanent store will be opened in February 2016.
Anvol Ltd. offers high quality toys and children products from world known producers. Founded in 1995, it has become an international company that operates in Estonia, Latvia, Lithuania, Kaliningrad and Georgia. Retail includes more than 40 XS Rotaļlietas brand stores and five Chicco stores in different countries.
Stockmann plc is a Finnish retail company, which owns department stores in Finland, the Baltics and a shopping centre in Saint Petersburg. Founded in 1862, its headquarters is located in Helsinki. Stockmann shares are quoted on the NASDAQ OMX Helsinki.
Stockmann is implementing its strategy by focusing on its core product categories of fashion, cosmetics, food and home products. Own offering will be complemented by attractive products and services from tenants. “We are very pleased to have Anvol to be our partner. Anvol complements our offering in Riga department store by its versatile toy selection. I’m convinced that Stockmann’s customers will receive this renewal well”, says Seppo Oksanen, director of commercial operations in Stockmann's Real Estate Division.
Colliers International has been operating in the Baltics since 2004 and provides a full range of services to its customers, starting from the development of an overall real estate concept, investment consultations and corporate services to project supervision, assessment, management and broker services. The influential finance magazine Euromoney declared Colliers International the best real estate consultancy company in Latvia in 2015 for the eleventh year in a row.
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