Australian fashion giant Just Group has signed on the dotted line, a year after issuing a damning ultimatum to landlords.
Just Jeans has closed "one of the most significant leasing negotiations for some time", according to a leading commercial property firm.
Colliers International has finalised negotiations on a new eight year lease for the brand's flagship store in Adelaide's Rundle Mall.
Colliers International director of retail Ben Laylock negotiated the lease, which is for a site located between the Gawler Place intersection and department store David Jones.
He said it was a huge win for the mall, with the firm describing it as "one of the most significant leasing negotiations for some time."
"Retail continues to undergo massive changes but this transaction is a sign that fashion retailers are still being drawn to high street retail precincts," Laylock said.
The site comprises a ground floor tenancy of approximately 458sqm and a first floor of approximately 250sqm.
Just Group, owned by Solomon Lew's Premier Investments, drew headlines in July 2011 for issuing an ultimatum to property landlords.
The Group threatened to shutter up to 50 stores if soaring lease costs did not ease, with the average Just brands lease lasting between five to seven years.