LPP brands in Olympia Teplice


Olympia Teplice
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The Challenge

Olympia Teplice was open in 2004 and soon it became a very popular shopping centre. However, during 2013 two more shopping centers were completed in Teplice. This fact increased the retail competition in the city of Teplice and threatened with risk for long-term being of Olympia Teplice. C&W Retail Team as an exclusive agent of the Olympia Teplice owner – CPI Group - was challenged to strengthen the tenant mix and occupancy rate as much as possible and prepare the centre for the competition on the market.


The Solution

A relocation plan had been prepared by C&W Prague Retail and C&W Prague Property Team in strong cooperation with the client. Both teams together decided to change one third of the centre, relocate or reconstruct some units and open several new ones in upcoming 9 months. All these changes were achieved while keeping the total income for the owner at the same time.


The Results

Fashion retailer LPP Group opened its 4 brands in Olympia Teplice: Reserved, Mohito, Cropp and House, total area of 2 045 sq m. The opening of these 4 shops represents the completion of a major transformation at Olympia Teplice. In 2013, twenty one stores with a total area of 5,880 sq m have been renewed or reconstructed within Olympia Teplice. Olympia Teplice was in full power before the other two shopping centers opening. The changes have been positively reflected in growth of both footfall and turnover. Olympia Teplice achieved 100% occupation.

Contact

Jan Cizek

Jan Čížek

Associate

Prague, Czech Republic

Phone +420 2 346-0450

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