Apple will open its most northern retail store this Thursday, inside the new Union Square shopping center in Aberdeen (Scotland). At latitude 57º, the store will be further north than its closest cousins, including the Buchanan Street (Glasgow), Victoria Square (Belfast) and Arndale Center (Manchester) stores. Union Square is promoted as a “shopping and leisure destination,” with 60 shops, a 203-room hotel and 10-screen cinema, part of a redevelopment of the city-center. According to real estate sources, mall developer Hammerson has taken a $143 million loss on the project because of the economy, and was forced to offer tenants substantial incentives to move in. Rents in the mall were reduced to just $244,000 to $325,000, tenants received money for fit-out costs, and were offered up to two years rent-free. The Apple store will open at noon.
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