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When One Raffles Place shopping mall reopened in 2014 after a major makeover, it boasted a strong tenant line-up, much to the delight of office workers in the area.
The items that Miniso sold were, while trinkets, also made for gifts for book lovers diy easier and cheaper buys compared to clothing.
A check by The Straits Times last Friday found that of the 113 tenants, at least 14 have closed.The closure of major tenants at One Raffles Place has upset smaller tenants, with some claiming they were not told of the defections before renewing their leases, says the newspaper.Photo: The Straits Times, one reason for this is because Singapore malls are simply cookies from the same mould.Correction Note: The management of Mr Teh Tarik Express has clarified that it did not review its lease at One Raffles Place for a number of reasons, such as the opportunity to scale-up its operations at an how to make mini gift bags alternative location.In fact, Miniso is doing so well that it opened 20 stores islandwide within a year, and now has over 1,400 stores across 40 countries.Even more worrying is that the mall is losing large, ground floor tenants - exits which have left smaller tenants horrified."The shopping peak hour is the lunch hour.
Country manager for H M South-east Asia Fredrik Famm said: "At this moment, we are unable to comment about our store at One Raffles Place.
But even so, it wasn't revealed to us that so many tenants.
Reebonz co-founders Daniel Lim (R) and Benjamin Han (L).It spans level one and two, and has not confirmed if it will be moving out when its lease ends.Mr Teh Tarik Express cafe is also going, saying its rent had been doubled.A tenant, who declined to be named, said he was "shocked" to find out that bigger tenants of the mall were ceasing operations.Their impending closure has upset smaller tenants, which claimed they were not told of the moves prior to them renewing their leases.At least another 13 will be moving out by next month when their three-year lease ends - which means close to 25 per cent of the mall's retail space could be empty.Apple is famously known for their clean, minimalistic designs, while HipVan makes the experience more personal by letting patrons try out their products.More Than Just Shopping.The onus would be on the tenants to curate a unique draw for shoppers.Singapore, oUE Commercial Reit announced on Wednesday that its portfolio property, One Raffles Place Shopping Mall, will undergo asset enhancement initiatives in mid-2018 as part of efforts to revitalise gifts for philosophy teachers the mall with a "more diverse and dynamic tenant mix".Respite for the mall, however, may come in the form of its anchor tenant, Swedish clothing retailer.
Travel products store Tumi, watch brand Swatch, jeweller Pandora and shoe brand Melissa have decided not to renew their leases and will shut soon.