Mango has agreed a deal to open a new 7,104 sq ft store at Festival Place in Basingstoke.
The store, which will stock the fashion retailer’s Mango Woman and Mango Man collections, will open later this year.
The store will reflect Mango’s ‘New Med’ concept – an interior design inspired by the brand’s Mediterranean heritage and culture.
Ross Campbell, director and head of asset management at Estama, said: “The key focus of our asset management strategy since MDSR’s purchase of Festival Place has been to improve the fashion offering at the centre. Mango’s arrival marks a strong start to this programme. Being part of the brand’s growth ambitions is exciting, as it strengthens its presence in the UK this year with 20 new store openings, reflecting strong shopper demand for its offer.”
Neil Hockin, joint managing director and head of leasing at Lunson Mitchenall, added: “It’s a significant milestone that Mango has chosen Festival Place for its flagship store – its offer aligns seamlessly with the customer demographic, and it fills a clear gap in the local market with the nearest store over 27 km away.
“Across the high street fashion sector at Lunson Mitchenall, we’re witnessing increasing demand for prominent international brands, and Basingstoke reflects this trend strongly. This letting marks a key phase in our strategic asset management partnership with GCW and Estama to reinforce Festival Place’s standing as one of the UK’s premier retail and leisure destinations.”
Lunson Mitchenall and GCW are the joint agents for Festival Place.
