NEINVER and TH Real Estate, on behalf of TIAA-CREF, have formed a strategic partnership to create a leading designer outlet platform in Europe, bringing together two well established players within the niche outlet mall sector.
The joint venture will invest in a number of outlet malls focusing initially on NEINVER’s existing portfolio and development pipeline across Europe. NEINVER will continue to provide its specialist and dedicated asset management and operational skills across the portfolio.
The partnership – a 50:50 exclusive shareholders joint venture agreement - has commenced with TH Real Estate’s acquisition of a 50% stake in Roppenheim The Style Outlets, in Franc [...]
Madrid. 12 November 2014. NEINVER, one of Europe’s leading property developers, investors and management companies, has obtained ISO 50001 energy efficiency certification from the German certification firm TÜV Rheinland, thus becoming the first company in the European retail property industry to earn certification based on this standard for all the centres it managed prior to September 2014.*
At an event held at NEINVER headquarters in Madrid, TÜV Rheinland’s Country Manager for Spain, Isabel Torres, presented the ISO 50001 certificates to Eduardo Arranz, NEINVER Business Improvement Manager, and to Mónica Delgado, NEINVER’s CSR Director. Torres emphasis [...]
Madrid. 22th September 2014. One year after NEINVER spent more than €5 million to remodel the three outlet centres it manages in the Greater Madrid area, all three show significantly improved key indicators. The Style Outlets centres in Las Rozas, Getafe and San Sebastián de los Reyes have improved their figures for foot traffic, sales and frequency of visits.
For this six-month period, the number of visitors at the three centres increased by 9.28% compared to the same period in 2013, surpassing 5 million visitors. Meanwhile, sales rose by 6.76% compared to the first half of last year.
The frequency of visits (the number of times the same person visits the ce [...]
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 [...]
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 [...]