International retail giant, H&M announced it would be opening its first New Zealand store in Auckland’s Sylvia Park mall. The store is set to open late 2016 as part of Sylvia Park’s $7.7 million investment to accommodate the brand and develop the surrounding area.
“We are thrilled to be opening New Zealand’s first H&M store at Sylvia Park. We really believe in investing in Auckland’s growth, and bringing H&M to Sylvia Park is part of our plan to create a truly world-class retail offer in an increasingly world-class city,” said Chris Gudgeon, chief executive, Kiwi Property.
H&M is currently the second-largest fashion retailer in the world with more than 3500 stores across 57 countries, which comes to New Zealand shortly after competitor Topshop.
Kiwi Property, which owns six shopping malls across New Zealand is also looking at a further $150 million expansion of its flagship mall Sylvia Park, and a possible $50 million office development.