Report • 15.10.2013

First Luxury Shopping Mall to Open in Baku

Set to satisfy growing consumer desire for luxury brands in the Caucasus region

Baku, the capital of Azerbaijan, is set to become the next global market opportunity for luxury brands with the launch of an exclusive new shopping mall in the city promising to attract discerning consumers from across the Caucasus region. Located in Baku city, Port Baku has been designed by leading British architects Broadway Malayan, and is scheduled to open in the spring of 2014.

The luxury fashion mall is part of a larger development of high-end business accommodation and prestigious residential apartments situated on the renowned Neftchilar Avenue, already established as the premier address in Baku for luxury retailing.

Significant expansion of the luxury market

With spectacular views over the Caspian, Port Baku Mall will be a significant expansion of the luxury market in the capital city, doubling the suitable retail space available for the accommodation of the world's most prestigious brands. Many of these have shown early commitment to the project, including Ralph Lauren, Giorgio Armani, Valentino, Burberry, Chloe, Stella McCartney, Emilio Pucci, Diane von Furstenberg, Bally, Jimmy Choo, Tiffany and others.

Port Baku is the latest in a number of world-class developments by Pasha Construction, part of the Pasha Group, one of the largest and most established companies in the Republic of Azerbaijan.

Local market is reinforced by an influx of affluent shoppers

Ian Ferguson, Director of Shopping Centres for Pasha Construction explains the significance of the prestigious Port Baku development to the region: "The luxury market is already well-established in Baku and has shown exceptional growth over the last few years as a solid local market is reinforced by an influx of affluent shoppers visiting Azerbaijan from the surrounding region, including southern Russia, Georgia and Iran. At Port Baku Mall we are providing local and international consumers with a new premium shopping experience, bringing together flagship stores of the most desirable brands in one superb location offering easy access and ample parking for drivers."

Stimulated by new exploration of oil and gas in the country, The Economist named Azerbaijan as the second fastest growing economy of any country between 2000 and 2010 based on GDP. This has contributed to the massive regeneration of the city.

Fashion designers and luxury brands have their sights set on Azerbaijan

Sinteks, the leading luxury retail specialist in Azerbaijan, will be part of the project with an Emporium multi-brand concept store that will anchor the new mall. Mr. Aziz Balayev, Sinteks' Business Development Manager, said: "Fashion des

First Luxury Shopping Mall to Open in Baku
Source: Port Baku
igners and luxury brands have their sights set on Azerbaijan. Our discerning shoppers, with increasing disposable income, have made the country the next global market opportunity. Port Baku Mall provides a glamorous addition to the retail scene and we are delighted that the world's leading fashion brands are now competing to maximize their potential here."

The Emporium concept store, covering 8,500 sq.m and occupying all three floors of the mall, will feature more than 300 high-end fashion brands covering ready-to-wear, kidswear, shoes, lingerie, perfumery and cosmetics, accessories and lifestyle goods as well as a tea salon.

Landmark development also offers high-end residential space

Mrs. Sabina Kristensen, Art Director of Emporium, commented: "Emporium, with its multitude of the newest, the most current and the most interesting luxury goods can rival any premium retail outlet in the world for its shopping experience and service. Baku is acutely aware of and is receptive to trends. We are confident that our new store in Port Baku Mall will be an enormous success."

The exclusive development includes Port Baku Towers, already completed and occupied by many of the city's most influential businesses including the headquarters of BP. Port Baku Mall forms an integral part of the next phase of this landmark development, which also offers high-end residential space of over 375,000 sq. m including a gym and 1,500 car park spaces. 900 luxury apartments have been created above the mall, housed in three dramatic towers - all have already been purchased and are now in the process of being fitted to individual specifications, a further indication of the growing affluence of the city.

Source: Port Baku

related articles:

popular articles:

Thumbnail-Photo: Hobbii continues the growth adventure …
23.06.2020   #POS systems #brick and mortar retail

Hobbii continues the growth adventure …

… with new stores and several digital initiatives

The online store Hobbii.dk continues the opening of physical stores with the launch the third store in Tarup shopping center in Odense, Denmark. The close collaboration with Delfi Technologies, which is based on several digital initiatives, will ...

Thumbnail-Photo: “Dear shopping cart, please show me the way!“...
06.07.2020   #self-checkout systems #scanner

“Dear shopping cart, please show me the way!“

Shopping Cart 2.0 – gimmick or idea with intrinsic value?

Not all shopping carts are the same... far from it! Digitization and automation also put their stamp on this aspect of the retail sector. What’s usually a plain, large basket on wheels that makes it easier for shoppers to transport products ...

Thumbnail-Photo: eBay’s management of payments begins scaling globally...
24.07.2020   #online trading #e-commerce

eBay’s management of payments begins scaling globally

Payments initiative reaches a milestone as the Operating Agreement with PayPal expires

Starting today (July 20th), eBay will begin expanding its management of payments around the globe. The company embarked on its journey to manage the end-to-end payments process on its marketplace platform in late 2018 and is already seeing success ...

Thumbnail-Photo: Automated delivery services sprang up during China’s Covid-19 lockdown...
03.06.2020   #coronavirus #delivery

Automated delivery services sprang up during China’s Covid-19 lockdown

Retail technologies at Smart Retail Expo (SRE 2020)

In response to the Covid-19 outbreak, China’s retail giants JD.com and Meituan both deployed their smart deliver robots/vehicles in heavily locked down cities, such as Wuhan and Beijing. Insiders believe automated delivery technology will be ...

Thumbnail-Photo: Creative criminal meets intelligent security system...
28.05.2020   #security #brick and mortar retail

Creative criminal meets intelligent security system

Interview with Ralph Siegfried, Business Development Manager at Axis Communications GmbH

Stores come in different sizes, have different settings and vary in product selection. That’s also why they need a customized loss prevention and security solution. What are some options for retailers and what key elements do they need to ...

Thumbnail-Photo: Electric vehicles for safe on-the-go food distribution during pandemic...
28.08.2020   #food retail #delivery

Electric vehicles for safe on-the-go food distribution during pandemic

Gallery E vehicles solve food service challenges at universities and corporate campuses this fall

Gallery, the leading innovator of mobile carts for food, beverage and retail businesses, has announced a unique partnership with AYRO, Inc. and Club Car to launch a new line of electric vehicles to help bring food, beverage, and retail merchandising ...

Thumbnail-Photo: World’s first convenience store retrofitted with AI technology...
14.08.2020   #video surveillance #video cameras

World’s first convenience store retrofitted with AI technology

Standard Cognition to provide Circle K with autonomous checkout

Standard (“Standard Cognition”) announced that Alimentation Couche-Tard, a company that operates close to 14,500 convenience stores worldwide, including under the global brand Circle K, has selected Standard to pilot touchless, ...

Thumbnail-Photo: POS TUNING tuned its pushfeed system
02.07.2020   #product presentation #product classification systems

POS TUNING tuned its pushfeed system

The supplier optimizes the compartment systems C60 and C90

Never change a running system?Who doesn't know this saying? Changing something well-tried always has something to do with risk. The danger that something suddenly doesn't run as well as before is always there. But standstill has never ...

Thumbnail-Photo: Stress-free and safe in the pharmacy
14.07.2020   #security #brick and mortar retail

Stress-free and safe in the pharmacy

Contactless access control thanks to the Digital Butler by Apostore

The experiences of the last few months were decisive for the local pharmacy. Whereas in the past the focus was on creating shopping experiences, pharmacists are currently dealing with a completely changed and more sensitive purchasing ...

Thumbnail-Photo: CCV announces consolidation of its international payment division,...
02.07.2020   #mobile payment #payment systems

CCV announces consolidation of its international payment division, focuses on market innovations

Under the flagship of CCV GmbH, the company plans to bring its innovation into specific international markets

CCV Group B.V. has announced that all of its international business activities will now be consolidated and run within its Germany-based division - CCV GmbH. CCV GmbH will carry out the activities of the former CCV Deutschland GmbH and CCV Easy, a ...

Supplier

SALTO Systems GmbH
SALTO Systems GmbH
Schwelmer Str. 245
42389 Wuppertal
APG Cash Drawer
APG Cash Drawer
4 The Drove
BN9 0LA Newhaven
Delfi Technologies GmbH
Delfi Technologies GmbH
Landgraben 75
24232 Schönkirchen
CCV GmbH
CCV GmbH
Gewerbering 1
84072 Au i.d.Hallertau
Reflexis Systems GmbH
Reflexis Systems GmbH
Kokkolastr. 5-7
40882 Ratingen
POS TUNING Udo Voßhenrich GmbH & Co KG
POS TUNING Udo Voßhenrich GmbH & Co KG
Am Zubringer 8
32107 Bad Salzuflen
Poindus HQ - Taiwan
Poindus HQ - Taiwan
5F., No.59, Ln. 77, Xing-Ai Rd.,Neihu Dist.
Taipei City 114
Apostore GmbH
Apostore GmbH
Uferstraße 10
45881 Gelsenkirchen
Adasys GmbH – a Poindus Company
Adasys GmbH – a Poindus Company
Max-Planck-Straße 10
70806 Kornwestheim