Victoria’s Secret Has Opened Its New Flagship Store in Miami Beach, Marking a Bold New Chapter for the Iconic Brand

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The 7,500-square-foot store on Lincoln Road — Miami’s premier shopping destination — represents a landmark moment for the city’s thriving retail scene. MIAMI, August 19, 2025 --( BUSINESS WIRE )--ALTO Real Estate Funds announced the opening of Victoria’s Secret's flagship store. After relocating from a nearby site, Victoria’s Secret secured a 12-year lease with ALTO Real Estate Funds — a move that underscores the strength of this premier property and Lincoln Road’s global appeal. ALTO acquired the retail asset four years ago, during the height of the pandemic. Today, with Victoria’s Secret anchoring the location, the property reflects the corridor’s resurgence and long-term growth. The flagship’s opening follows six months of extensive preparations and represents a major milestone for both the retailer and Miami’s vibrant shopping district. "ALTO invests strategically in properties that elevate our portfolio, and Lincoln Road exemplifies such an asset," said Yaniv Melamud, Co-Founder and CEO of ALTO Real Estate Funds. "This long-term lease with Victoria’s Secret reinforces the value of this prime location and strengthens our presence on one of the most prestigious retail streets in the United States." Lincoln Road is currently experiencing more than $3 billion in luxury residential and hospitality investment, including: With international investors and global brands alike gravitating toward the area, Miami Beach continues to solidify its reputation as a world-class destination for fashion, lifestyle, and long-term real estate value. About ALTO Real Estate Funds For more than 15 years, ALTO Real Estate Funds has been seizing opportunities in high-growth U.S. markets. With $560 million raised across five funds, the firm has built a $1.8 billion portfolio spanning 79 properties and over 15 million square feet. Backed by 51 successful exits, ALTO is recognized for its sharp focus on logistics centers and open-air retail — assets built to thrive in the future of commerce. For more information, visit www.alto-investments.com . View source version on businesswire.com: https://www.businesswire.com/news/home/20250819326742/en/ Contacts Media Contacts: General inquiries: [email protected] Contact Person: Hagar Shakked – Director Investor Relations [email protected]

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