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KKR and NEINVER establish a Joint Venture to acquire two retail centres in Spain

London, 11 September 2014 – KKR today announced the acquisition of two retail assets in Spain from the Pillar Retail Europark Fund (PREF) which is majority owned and managed by British Land. The transaction is comprised of two assets: Nassica, a 50,000m2 retail and leisure destination located in the South of Madrid and Vista Alegre, a 16,000m2 retail park located in Zamora in the region of Castilla & Leon in the north of Spain. The assets will be owned in a joint venture between KKR and Spanish retail operator NEINVER, who will manage the assets. The Spanish Group, who developed Nassica in 2002, has 45 years of recognized expertise as a European retail operator adding value to the [...]

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Michael Kors and Abercrombie & Fitch join The Style Outlets family

Madrid. July 8th, 2014. NEINVER continues to add the finest international brands to its European outlet platform The Style Outlets. The latest additions are the well-known brands Michael Kors and Abercrombie & Fitch which have recently joined Group’s brands portfolio. Currently, more than 900 international finest brands already trust in NEINVER’s management. This June, the luxury-sport Michael Kors has opened two new outlet stores both in northern and southern Europe. The first one was opened last 5th June in Vila do Conde, Portugal, with 230 m2 GLA. This opening means also the arrival of the brand to the north of the country. The second one was opened June 26th, with a st [...]

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NEINVER appoints Thomas Immelmann as Retail Director

Madrid. Jun 26th, 2014. NEINVER, the second-largest operator of outlet centres in Europe, has appointed Thomas Immelmann as Retail Director, whose main role is the strategic orientation of all European leasing and retail projects, reporting directly to Chief Operations Officer at NEINVER. Immelmann is also responsible for transnational customer management and the international positioning of the company in the tourism segment. Commenting on his appointment, Immelmann said: “NEINVER is a successful business and a visionary company which remains very close to their stakeholders enabling a partnership based on innovative ideas and models. Together with my team, I would like to make an [...]

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NEINVER takes over 100% of its joint venture with MAB, reinforcing its European outlet strategy

NEINVER, the second-largest operator of outlet centres in Europe, has reached an agreement with MAB Development, a subsidiary of Rabo Real Estate Group, to acquire one hundred percent of the joint venture the two companies launched in 2010 for development of outlet centres in Germany, France and the Netherlands. Under this agreement, NEINVER has acquired the remaining MAB's 50% stake in the JV and will take over all ongoing projects in portfolio and pipeline in France, Germany and The Netherlands. This decision strengthens NEINVER's strategy of becoming the leading outlet operator in Europe through key growth markets. NEINVER will run the properties in the pipel [...]

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Foot traffic at NEINVER-managed outlet centres increased by 12% and sales rose 11%

Madrid, 10 March 2014.- NEINVER, Europe’s second-largest operator of outlet centres, ended 2013 with very positive figures for both foot traffic and sales. The fifteen outlet centres it manages in Europe received more than 39.4 million visits in 2013, up 12% from 2012. Additionally, total sales rose to €863.5 million, 11% higher than in 2012. The outlet centres that NEINVER manages in Europe had remarkably strong performance, regardless of the market conditions in each country and even though 2013 was a complicated year, marked by the economic recession in the euro area. International Market Roppenheim The Style Outlets in France achieved outstanding figures by the first [...]