Apple To Assume Lease, Open New UK Store

May 18, 2012

Employees of the Zara store at the Drake Circus Shopping Centre (Plymouth, UK) were shocked to learn on Tuesday that their store will close at month’s end, and were also surprised to hear that Apple will assume the remainder of the store’s 15-year lease. The new store would fill in Apple store coverage for the far southwest region of the country, specifically the Devon and Cornwall region. According to ThisIsPlymouth, the Zara stores occupies a two-level space totaling 21,045 square-feet, much larger than a standard mall-sized Apple store. It’s possible Apple will occupy only the ground floor of the Zara space. Apple is assuming the lease with nearly 10 years remaining, sources told the Web site, a practice Apple has done previously for buildings that are in desirable locations. The store would be about 45 miles from the existing Princesshay (Exeter) store. The timeline for the opening of the Drake Circus store isn’t known.

Apple will reportedly assume the lease of the soon-closing Zara store, which occupies a long, narrow space on two levels.

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