Multinational clothing retailer H&M has confirmed that Sylvia Park in Auckland will be home to its first New Zealand store, expected to open in late 2016.
Sylvia Park is owned by property investment group Kiwi Property and has upwards of 12 million shoppers walk through its doors each year. Chief executive Chris Gudgeon this morning said the company would be investing $7.7 million to accommodate the fashion giant as well as upgrading the surrounding mall area.
"We are thrilled to be opening New Zealand's first H&M store at Sylvia Park," Gudgeon said. "Consumers the world over have come to know H&M as a leading fashion giant, and to have secured their first New Zealand store at Sylvia Park is great news for shoppers. 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," he said.
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The popular Swedish clothing retailer announced last month that it would be opening a store in New Zealand and the confirmation this morning of the Auckland location will be welcomed by Auckland shoppers.