Three bid for Changi T2 check-in hall stores

Gavin Lipsith

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Focus Network Agencies, Oopsie & Co and VGO Corp have all submitted bids for landside branded/concept stores at Singapore Changi airport

For sales of up to S$30,000 ($18,543) in the 30sq m outlet, Focus Network Agencies is offering a S$3,000 ($1,854) minimum monthly guarantee (MMG). For sales above S$30,000, it is offering 17% of monthly gross sales or a S$6,000 ($3,708) MMG, whichever is higher.

For the same store, Oopsie & Co is offering the a flat S$1,000 MMG or 6% of monthly gross sales for sales of up to S$30,000; 8% for sales between S$30,000 and S$60,000 ($37,080); or 10% of monthly gross sales for sales of over S$60,000.

For both outlets, VGO Corp is offering a combined 10% of monthly gross sales or a MMG of $4,000 ($2,473), whichever is higher.

The tenancy term will run for three years from July 21.