On April 11, McArthurGlen, Europe’s leading owner, developer and manager of designer outlets, and TH Real Estate, one of the largest real estate investment managers in the world, officially opened Phase V of Designer Outlet Parndorf, taking its gross lettable area (GLA) to 36,500 sq m.
Outlet Park Szczecin, owned by Echo Polska Properties, is the most popular outlet in Poland – in the first quarter of this year it was visited by 825,837 people – more than in case of other similar outlets. Average monthly footfall in Outlet Park Szczecin amounts to 290,000 customers.
With about 2.8 million visitors and another significant turnover plus compared to the previous year, new records were set at the designer outlets Wolfsburg.
Parndorf Fashion Outlet, located between Vienna and Bratislava, is undergoing a comprehensive relaunch. A new Art Nouveau style, new roads and entrances, new retail space, and a new center management self-run by the owner should multiply customer frequency.
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.
According to a report prepared by BNP Paribas Real Estate Poland, over the next couple of years, the outlet center market will see growth in the form of 22,000 sq m of new supply.
Why outlet center operators are increasingly seeking to emancipate themselves from the “factory” image and why large investors now also like to “shop” there.
Why outlet center operators are increasingly seeking to emancipate themselves from the “factory” image and why large investors now also like to “shop” there.
The Prague Outlet will count 30,000 sq m of GLA. The investor’s stated aim is to develop a premium offering, with light and airy interiors encompassing a host of designer and high street brands.
Once again, Germany has come out on top as the country where brands are most eager to find outlet space, according to a report released at Mapic by ecostra. Its annual survey of mainly fashion brand manufacturers put Germany as their No. 1 destination, with 59% of all responses.
Multi recently announced the acquisition by Blackstone Real Estate Partners Europe IV of Palmanova Outlet Village, a 22,000-sq-m, high-quality outlet center located between Trieste and Venice.
Europe’s largest luxury designer outlet, Serravalle Designer Outlet, near Milan, one of 20 McArthurGlen Designer Outlets across Europe, recently announced its expansion.
Strong interest from retailers and customers’ positive views of outlets mean a bright future for Russia’s outlet centers. There is potential to launch 25 to 30 new projects in the next 10 to 15 years.
The 7th Magdus European Outlet event was held in Paris on June 11 and 12. The main topic of the presentations was “Outlets: seizing opportunities for growth”.
Wuppertal, a city of around 350,000 inhabitants, is getting an outlet center. It will be the largest in Germany. The investment amounts to €120 million.
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