Image: Neinver
Factory Outlets

NEINVER enters the Czech market – Partnered with The Prague Outlet

Neinver is continuing its growth in Europe by entering the Czech market, the eighth country in which the company has a presence. The company has partnered with The Prague Outlet to forge a joint venture launching Prague The Style Outlets, the first premium outlet center in the Czech Republic.

Neinver will be in charge of leasing and retail and property management for this unique project, currently under construction. The joint venture is financed by PPF Bank, part of the PPF Group, one of the leading European investment and asset management groups, whose assets exceed €21 billion.

The Prague Outlet and Neinver are currently working on a premium interior and exterior design for the center. The look is based on a traditional Prague high street architectural design and will provide a high street outlet shopping experience indoors. The conversion, remodeling, and rebranding process will be fully completed by October 2017, when Prague

The Style Outlets will welcome its first customers with approximately 110 units located on more than 20,000 sq m of GLA. The second phase, with an additional 10,000 sq m of GLA, is scheduled for two to four years later, although this does not limit further expansion, as the project site allows for additional retail areas.

The property benefits from its proximity to Václav Havel Airport, less than five minutes away, while Prague’s downtown can be reached in 25 minutes. The 90-minute catchment area has more than 4.5 million residents, with an average purchasing power 40% above the typical CEE shopper. In addition, Prague is visited each year by 6.6 million tourists and this number is growing.

Sign up for our ACROSS Newsletter. Subscribe to ACROSS Magazine.

Factory Outlets MORE

McArthurGlen’s projects on track of post-covid recovery

McArthurGlen Group announced today that footfall has stabilized across its portfolio, with almost 45 million guests visiting their centers globally in the six months from May to November in 2021.

Grantham Designer Outlet welcomes Armani, Hugo Boss, and new online sales platform

The Designer Outlet Village announces additional brands and the new online sales platform Wishibam, a UK-first for outlet retail destinations.

Smart shopping, safe spaces, and strong resilience

Neinver is celebrating its 25th anniversary and operates 21 centers –17 are outlet centers–with 1,600 stores located in Spain, France, Germany, Poland, Italy and the Netherlands. Their new Leasing & Retail Director, Joan Rouras, talks with ACROSS about the perks of the outlet center concept, possible future challenges, and his new role to maximize the performance of their 800 brand partners.

TORG International joins forces with Village Groupe to enter Indian outlet retail space

TORG International has signed a joint venture with Village Groupe to enter the Indian outlet market with a portfolio of a dozen sites.

La Torre Outlet Zaragoza in Spain celebrates its first anniversary

La Torre Outlet Zaragoza celebrated one year open to the public and to commemorate the special date, numerous activities and musical shows were announced that will take place until November 6.

Neinver achieves 5 Star Rating in 2021 GRESB Benchmark

Neinver is finalizing a new and ambitious environmental, social and governance roadmap for 2030 and ranks once again among the top 20% of the real estate industry.