APM Monaco Comes to Perth!
Luxury Jewelry retailer, APM Monaco recently opened at 820 Hay Street, next door to Prada.
The business was foundered by Ariane Prette in 1982 in France. The brand is influenced by fashion in the South of France and Monaco and has over 100 stores around the world.
The brand was introduced to Western Australia by leading Perth Agent, Jim Tsagalis, Managing director of Lease Equity. Mr Tsagalis said “The first to market opening heralds the return of retailing in the CBD and reflects the CBD’s appeal”.
“We have witnessed a once in a generation change in the CBD with over 1,000 new hotel rooms, many five-star, the development of Yagan Square, Treasury Buildings, Forrest Chase, Raine Square and Elizabeth Quay. These provide unrivalled draw to the City. We now have over 1,000 shops in the CBD and a layering of the retailing offer that we have never seen before. APM Monaco were attracted to this from the start of our discussions about opening in Perth. ‘
Lease Equity has become synonymous with introducing Perth to retailers from around Australia and the world having introduced Williams-Sonomo, Levi’s, Lulu Lemon Athletica, Jamie’s Italian, Meat and Wine Co., Anna Thomas, MJ Bale, Nespresso, General Pants, Lush, and many others.
The whole world is experiencing a resetting of the retailing landscape. The way retailing is done today is vastly different to 10 years ago, even two years ago. Landlords are adjusting expectations and now more than ever, value the planning a brand is undertaking to remain relevant. The commercial property market has been particularly difficult in the past 24 months however we are adopting new leasing strategies to make our centres and buildings relevant from a commercial and tenancy mix perspective.
Lease Equity are currently finalising the Leasing of Forrest Chase and QV1 after recently completing Hibernian Place and Yagan Square.