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Newsletter Issue No.1 MAR 2017

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page 1<br />

ISSUE NO.1<br />

<strong>MAR</strong> <strong>2017</strong><br />

IN THIS ISSUE<br />

OVERVIEW<br />

Al Kout is set to become the largest<br />

waterfront landmark and lifestyle<br />

destination in Kuwait. Encompassing<br />

six different experiences, Al Kout,<br />

when completed, will become a destination<br />

of choice for residents and<br />

visitors alike.<br />

LEASING DESIGN CONSTRUCTION<br />

GLA Management has signed an<br />

agreement with the Azadea Group to<br />

open 11 new stores including newto-market<br />

brands. Azadea has unveiled<br />

some of its most recognized<br />

brands within the mall across a total<br />

leased area of 4,500 sqm.<br />

Read more on page 1 Read more on page 2<br />

We are creating a greater and better<br />

Al Kout that will be a true representation<br />

of the growing lifestyle,<br />

shopping, leisure, and entertainment<br />

aspirations of Kuwait.<br />

Read more on page 3<br />

Interior and exterior terraces have<br />

been oriented at the upper mezzanine<br />

perimeter for serviced dining<br />

in evening sea breezes with views<br />

maximized toward the Al Kout water<br />

feature, Marina and Gulf waters.<br />

Read more on page 4<br />

OVERVIEW<br />

Kuwait’s largest mixed use retail, lifestyle<br />

and leisure destination<br />

Al Kout is set to become the largest waterfront landmark and<br />

lifestyle destination in Kuwait. Encompassing six different<br />

experiences, Al Kout, when completed, will become a destination<br />

of choice for residents and visitors alike.<br />

The new Al Kout Mall, combined with the existing Souq Al Kout,<br />

significant for its traditional design, serves as the community<br />

hub of southern Kuwait with its stunning views of Marsa Al Kout,<br />

the state-of-the-art luxurious yacht club and Nag’at Al Kout, the<br />

traditional fishing wharf where fishermen ply their trade. This<br />

unique blend of traditional and modern is the centerpiece of a 1.6<br />

km stretch of immaculate beachfront; Sahel Al Kout, which offers<br />

uninterrupted views of the Arabian Gulf. Completing the Al Kout<br />

experiences, the award winning 5-star Rotana Hotel has become<br />

the hotel of choice for business and tourist travelers.<br />

FACTS<br />

300,000M 2<br />

TOTAL AREA<br />

83,300M 2<br />

retail opportunities<br />

200<br />

luxurious suites<br />

3600<br />

parking spaces<br />

17<br />

anchor stores<br />

246<br />

retail stores<br />

12<br />

cinema theatres


page 2<br />

LEASING UPDATE<br />

GLA Management<br />

signs up anchor<br />

stores like Zara and<br />

Massimo Dutti along<br />

with new-to-market<br />

brands like cosmetic<br />

brand Kiko Milano<br />

GLA Management has signed an agreement with the Azadea Group to open<br />

11 new stores including new-to-market brands. Azadea has unveiled some<br />

of its most recognized brands within the mall across a total leased area of<br />

4,500 sqm. The new mall will be home to Bershka, Calzedonia, I Am, KIKO<br />

Milano, Massimo Dutti, Oysho, Stradivarius, Sunglass Hut, Uterque, Zara and<br />

Zara Home.<br />

New brands will be introduced to Kuwaiti residents for the first time which<br />

highlights the uniqueness of the new mall for potential consumers from<br />

neighboring areas. For example, KIKO Milano, Italian cosmetics brand, has<br />

revolutionized the rules of cosmetics and won over the most demanding<br />

beauty addicts.<br />

GLA Management and<br />

M.H. Alshaya Co. sign<br />

major leasing deal<br />

In another strategic and key leasing agreement, GLA has signed with leading<br />

retail franchise operator M.H. Alshaya Co. to open 22 apparel, pharmacy, optical<br />

and restaurant outlets in the new Al Kout Mall.<br />

Alshaya’s 75 leading international brands offer shoppers a wide range of<br />

choices across fashion & footwear, food, health & beauty and optics brands.<br />

Christian Wistrom, General Manager – Leasing, GLA Management, said: “We<br />

are delighted to partner with M.H. Alshaya Co. who are recognized as retail<br />

experts in the region. The breadth of brands and quality of service they offer<br />

appeals to the diverse aspirations of Kuwaiti residents who are among some<br />

of the world’s most discerning shoppers.<br />

Christian Wistrom, General Manager – Leasing, GLA Management, said:<br />

“Kuwait’s retail landscape continues to evolve to adapt to the changing economic<br />

situation and we too explore new ways to keep pace with our customers’<br />

needs. Azadea Group’s 11 new retail brand concepts will further<br />

enrich our tenant mix, enabling a more robust shopping experience for our<br />

mall visitors.<br />

Commenting on the new partnership, Azadea Group Country Manager for<br />

Kuwait, Dany Abou Jamra said: “This collaboration with Al Kout Mall embraces<br />

our expansion plans through a great retail space, introducing new<br />

possibilities for exciting lifestyle shopping experiences for customers.”<br />

He also added: “Overall, we are certain that this new destination will only<br />

bring forth successful results, adding more strength to our presence in Kuwait.”<br />

“Al Kout Mall will be fully leased ahead of the project completion date by yearend,<br />

and having M.H. Alshaya on board is an expression of investor confidence<br />

in the project’s potential.”<br />

Under the deal, the 22 household name brands that will join Al Kout Mall’s<br />

growing list of shops, cafes and restaurants, include: Victoria’s Secret, American<br />

Eagle Outfitters, Bath & Body Works, Boots, Claire’s, H&M, Justice, Mac,<br />

Next, P.F Chang’s, Payless ShoeSource, Starbucks, The Body Shop, Top Shop,<br />

VaVaVoom, Vision Express, Mothercare and Foot Locker.<br />

John Hadden, Senior Vice President – Retail Property, M.H. Alshaya Co., said:<br />

“We are very impressed with the vision of Al Kout Mall and are confident that<br />

it will become a popular destination for residents and visitors to Kuwait. We<br />

are pleased to be working with Tamdeen Group once again to introduce some<br />

of our most popular brands to the mall and look forward to welcoming customers.”<br />

Azadea Group owns and operates more than 50 leading international franchise<br />

concepts in fashion and accessories, food and beverage, home furnishings,<br />

sporting goods, multimedia and beauty and cosmetics across the<br />

Middle East and Africa spread across 13 countries overseeing more than<br />

650 stores.


page 3<br />

STUNNING DESIGN<br />

We are creating a greater and better Al<br />

Kout that will be a true representation of<br />

the growing lifestyle, shopping, leisure, and<br />

entertainment aspirations of Kuwait.<br />

We are creating a greater and better Al Kout that<br />

will be a true representation of the growing lifestyle,<br />

shopping, leisure, and entertainment aspirations<br />

of Kuwait.<br />

The New Al Kout through its fusion of traditional<br />

architecture and modern contemporary design<br />

will create a landmark destination with timeless<br />

appeal.<br />

The design of the new Al Kout mall acknowledges<br />

and enhances the established street level vernacular<br />

of arcades, warm colored pavers, stone,<br />

street lighting and local landscaping that exists<br />

in the district. A new interpretation of this familiar<br />

architectural vocabulary will span from<br />

the Rotana Hotel to the bustling existing Al Kout<br />

mall, fish market and marina. Emerging above<br />

the tradition-inspired base are modern and iconic<br />

architectural expressions of glass, steel and high<br />

performance materials, forming a dynamic architectural<br />

dialogue that signifies the emergence of<br />

modern Kuwait.<br />

Interior and exterior terraces have been oriented<br />

at the upper mezzanine perimeter for serviced<br />

dining in evening sea breezes with views maximized<br />

toward the Al Kout water feature, Marina<br />

and Gulf waters. The many varied dining opportunities<br />

in the open food court or mall cafes will<br />

be popular stops during an evening of shopping,<br />

before a sporting event on the rooftop fields or after<br />

a movie with family and friends. A direct connection<br />

into the Rotana Hotel will ensure that the<br />

new Al Kout offers the convenience and vibrancy<br />

of a true urban mixed-use destination.


page 4<br />

BUILDING<br />

AL KOUT MALL<br />

With construction starting in June 2014, the Al<br />

Kout Mall build has been a robust effort from<br />

day one. In that time, the building contractor<br />

has been working around the clock to get Al<br />

Kout Mall ready for its October <strong>2017</strong> opening,<br />

which is currently right on track.<br />

As of now, the construction is at 65%<br />

completion, a huge feat for a building this size,<br />

standing at a total built area of 240,922 m2.<br />

The mall, which has 3 retail levels, and 13<br />

parking levels with a total of 2,341 parking<br />

spaces, stands on a plot area of 33, 251 m 2 .<br />

The construction will be utilizing an impressive<br />

20,000 tons of reinforced steel bars, 155,000<br />

cubic meters of reinforced concrete and 2500<br />

tons of structured steel.<br />

The new Al Kout Mall will also feature an<br />

impressive number of skylights, nine in total,<br />

as well as high ceilings, giving a large open<br />

space feel, helping the shoppers move with<br />

ease and under natural light throughout the<br />

majority of the mall. The materials used in the<br />

build are of the highest quality and durability,<br />

keeping in mind the necessary safety and<br />

fireproofing precautions, while keeping in<br />

mind design and look and feel, so to be always<br />

pleasing to the eye.<br />

CONTACT<br />

Address<br />

Al Fahaheel Area, Part 01 Building<br />

800022 Coastal Line C, Dabbous<br />

street.<br />

Talk to us<br />

+965 23930101<br />

customerservice@alkoutmall.com<br />

Follow us<br />

@Alkoutmall<br />

www.alkoutmall.com

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