Changi T3 fashion tender attracts 23 bidders

The mid-priced fashion concession at Singapore Changi airport terminal three has attracted bids from 23 retailers. Four premises totalling 355sq m (3,820sq ft) are available as part of the concession, all in the north departure/transit lounge. The first premises covers 71sq m (764sq ft), the second 98sq m (1,055sq ft), the third 92sq m (990sq ft), while the fourth measures 94sq m (1,011sq ft).

The four highest bidders offered to pay more than S$60,000 ($39,215) in rent for each of the four stores.

Active World proposed fashion brands Carlo Rino or Bonia for all four shops, offering to pay 35% of total monthly sales or a minimum monthly guarantee of S$60,000 for the first year, S$65,000 ($42,484) for the second and S$70,000 ($45,752) for the third, depending on which is higher.

Giordano Originals suggested that the stores should either offer its womenswear collection or its Giordano Concepts range, for which it offered to pay either 15% of sales or a monthly rent of S$65,000.

Lianbee-Jeco put forward a plan to turn the locations into Braun Buffel Boutique stores, offering to pay either 41% of total monthly gross sales, or a minimum monthly payment of S$61,500 ($40,196).

Robinson submitted a bid to open four Fat Face stores, offering 22% of total sales or S$60,000 per month, whichever is higher.

Chomel proposed Madame Butterfly branded stores for all four premises, submitting a bid of either 20% of total sales or rent of S$55,000 ($35,948) per month.

DFS presented three choices for Civil Aviation Authority of Singapore (CAAS) to consider. It proposed either Samsonite Black Label, Tumi or Bally stores for all four premises. If the airport opts for Samsonite, DFS promised to pay either 22% of total monthly sales or a minimum monthly rent of S$24,388 ($15,940) whichever is higher.

For the Tumi store it offered to pay either 28% of monthly sales or S$58,088 ($37,966) per month, whichever is higher. For the Bally option it offered 26% of monthly sales or a monthly rent of S$35,888 ($23,456).

Esprit bid 20% of total sales or S$24,000 ($15,686) in rent for all four premises, depending on which was higher.

FJ Benjamin (Singapore) and sister company FJ Benjamin Lifestyle both entered bids. FJ Benjamin (Singapore) proposed either Guess Accessories stores or Raoul outlets for all four locations, offering either 25% of total sales or a monthly rent of S$32,001 ($20,916).

Lifestyle proposed Banana Republic stores with a rent of either 7% of total sales or a guaranteed payment of S$8,008 ($5,234).

Fossil Singapore offered to pay 10% of total monthly gross sales or a minimum monthly payment of S$7,700 ($5,033), whichever is higher.

GSM Trading presented a bid of 15% of total monthly sales of S$19,000 ($12,418) per month for its Billabong branded stores concept.

Jay Gee submitted a choice of Levi’s or Dockers branded stores. For Levi’s it offered to pay either 13% of total monthly sales or S$13,000 ($8,498), while for Dockers it promised to pay S$8,000 ($5,229) per month.

King Power proposed to pay the airport authority 30% of total monthly sales or guaranteed annual payments of S$40,000 ($26,144) for the first year, S$45,000 ($29,412) for the second year and S$50,000 ($32,680) for the third year of the contract for its Samsonite concept.

Valiram Group suggested either Mercedes-Benz or Le Sportsac branded shops for all four locations. If CAAS opts for the Mercedez-Benz concept, Valiram said it would pay 20% of monthly sales or rent of S$15,000 ($9,804) per month. For Le Sportsac it promised to pay either 23% of sales or S$21,500 ($14,052), whichever is higher.

Womenswear label M)Phosis proposed to pay either 18% of monthly sales or S$18,000 ($11,765) per month in rent for each of the four premises.

Eyewear specialist Opticsflair said it planned to open stores from Italian accessories brand Furla at the four locations, for which it said it would pay either 30% of total monthly sales or a minimum monthly guarantee of S$33,000 ($21,568), depending on which is higher.

Pedro Group offered to pay 25% of total monthly sales or S$38,383 ($25,087) a month in rent for all four stores.

Punto proposed to open four Mango stores at the locations, offering 25% of total monthly sales or S$22,000 ($14,379) per month, depending on which is higher.

Richburgh Holdings said it would pay either 25% of total sales on non-sale Goldlion branded merchandise, or 20% on sale merchandise or a minimum payment of S$24,888 ($16,267) for the first year, S$25,888 ($16,920) for the second year or S$26,888 ($17,574) for the third year, whichever is higher.

S1 Fashionwear proposed four BYSI outlets, for which it promised to pay either 22% of total monthly sales of S$30,000 ($19,608).

The Marketing Co suggested opening Accessorize stores, offering the airport either 25% of total monthly sales or a monthly rent of S$50,000.

The Timberland Co offered to pay either 15% of sales or a monthly rent of S$31,000 ($20,261).

Finally, Trinidad Holdings presented a plan to open Thomas Pink stores, offering 22% of total monthly gross sales or a minimum monthly guaranteed payment of S$36,667 ($23,965), depending on which was higher.