Landmark Group announces expansion plans for Oasis Mall
Landmark Group, one of the largest retail and hospitality conglomerates in the Middle East, Africa and India, is expanding its shopping mall footprint across four GCC countries under its Oasis Mall brand. Oasis Mall, the leading neighborhood shopping destination in the region, will open four new malls in strategic locations in the UAE, Oman & Bahrain.
Supported by Landmark Group’s vast history of creating innovative businesses, and utilizing its rich experience and expertise, the upcoming malls will be located in vibrant communities to deliver an enjoyable experience to customers in both urban centers as well as satellite cities. Set to be completed in 2019, the expansion will increase Oasis Mall’s presence to 11 mall destinations across existing territories with a total GLA of over 2.6 million square feet of retail space within the malls’ portfolio of over 500 stores.
Mark Ruffley, Business Head - Oasis Malls, said: “We pride ourselves on our in-depth understanding of the GCC retail landscape and our ability to meet changing customer needs with speed and simplicity. With the new neighborhood destinations, we aim to offer shoppers and retailers an engaging retail experience that is fun, inviting, affordable and approachable, through a vibrant mix of retail, dining and entertainment for the entire family.” Recent statistics from Frank Knight, a global real estate consultancy firm, reveal that the existing malls in the UAE, combined with the ones that are in the pipeline, will together account for ten million square meters of retail space by 2020, promising a bright future for malls.
In the UAE, Oasis Mall is set to open its first destination in Sharjah in early 2019, which will also host the Emirate’s first flagship Centrepoint store, and the first Cinepolis Cinema in the UAE. The upcoming 61,000 square meter, multistorey destination will host several of Landmark Group’s other home-grown brands as well, including, Home Centre, Max, Fun City, Emax and Shoexpress, as well as other well-known brands including Carrefour market, Okaidi, Vincci, Parfois, Nabeel Perfumes and more.
Outside the UAE, three new destinations will be launched -one in Bahrain and two in Oman. In Oman, following the tremendous response for Oasis Mall in Khuwair district of Muscat, new destinations will open in Sohar and Salalah by Q4 2018. The new mall in Bahrain will be home to over 80 shops including Landmark’s flagship stores Centrepoint, Homebox, Fun City, Max, a platinum standard Fitness First, Cineco Cinemas, Carrefour market and a host of over 20 food outlets including Hard Rock Cafe opening in Q3 2018 inin Juffair.
Ruffley added: “The new malls will feature designs, materials and finishes that have been inspired by nature, and driven by functionality. We have incorporated natural elements to the overall look and feel and focused on sustainability in all aspects of design and material use.”