Retail SpaceIf you own a retail asset, our professionals have the necessary skills and tools to make your real estate work hard for you. We can help you draw-in more customers for your existing tenants, help you to attract new tenants, secure top locations, and also broker partnerships with local franchisers.
Landlord Representation
If you are an investor or developer of a retail shopping center, you’d want your project to be appealing to top brand retailers and customers alike. Thus the optimum arrangement of retail and entertainment space will help drive customer traffic and turnover performance.
With our hands-on experience, Forton can help you develop your own individual and successful solutions. With an in-house architect and dedicated retail consultants with international experience in retail shopping center development, we can analyze your concept and adjust it to better match your preferred tenant and visitor profiles.
If required, we can help you devise a marketing strategy with the right messages and communication channels to reach new tenants. We can also ensure that your project gets maximum publicity in order to entice customers, and keep them coming back with ongoing events.
The above aspects all precede the actual leasing phase. They are important because they effectively sell your retail space and get the project moving in the right direction.
The next step is leasing. To do this in an effective and targeted way, Forton International has compiled a comprehensive tenant database. Once we know which tenants you are after, we can quickly find and reach them. Our Retail Team will keep calling, emailing, and going to meetings until we lease every last square meter in your retail project!
Further, we have relationships with scores of international retailers – many of whom are frequently sought-after by developers and require exceptional attention. We access them through our contacts at Cushman & Wakefield, an agency which is well established with major retail brands in Central and Eastern Europe and has recieved awards such as ‘Retail Agent of the Year’.
Tenant Representation
Tenant representation involves finding the right retail space for you. We are in touch with shopping center owners throughout the Balkans region and know many proprietors of high street shops in large cities and towns. Importantly, we are also well aware of market conditions and the going rental rates.
Once we learn the specifications of the retail space you want, we draft a list of potential locations in an availability report. Once you shortlist your preferences, we can move forward with negotiations until we strike a lease agreement with a landlord. Then you can move in and start running your retail business.
We proceed likewise when you decide to relocate or renegotiate on your rent.
Franchising
In our line of work, we often see foreign retailers who wish to expand into our region, but go about it in a cautious manner. Forton International’s consultants can help you broker a partnership with a local retailer, who has the credentials and experience you seek.
Should you have any further questions, please contact Dimitar Kiferov on: +359 2/ 805 90 22 or dkiferov@forton.bg.
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