NEINVER and Nuveen Real Estate lay cornerstone for Amsterdam The Style Outlets

25 June 2019 – Neptune, a joint venture between NEINVER and Nuveen Real Estate, has laid the foundation stone for Amsterdam The Style Outlets, the first outlet centre in the Greater Amsterdam area. With piling and foundation works already completed, construction works for the centre are moving forward for an autumn 2020 opening.

The cornerstone event had the support of local authorities, with participation by Marja Ruigrok, a municipal executive councillor of Haarlemmermeer. Marcel Herben, Centre Manager of Amsterdam The Style Outlets, and Sebastian Sommer, NEINVER’s Marketing and Retail Director Europe, also participated in the ceremony.

70% of the GLA has already been pre-leased

“We have entered a new phase in the development of Amsterdam The Style Outlets, with construction works now speeding up. The centre is generating great interest from premium brands, with 70% of the leasing space already secured at this early stage. Its premium brand mix, high-end environment and excellent location will position Amsterdam The Style Outlets as a top international destination and a driver of the regional economy and tourism,” said Marcel Herben, Centre Manager of Amsterdam The Style Outlets.

“Today, we start with a very special development in a unique, dynamic and inspiring area. I think it is fantastic that the former site of the sugar factory has been given a new purpose. It is a very positive development for the region,” said municipal executive councillor Marja Ruigrok.

Amsterdam The Style Outlets will bring some of the most recognised premium Dutch and international brands to the Randstad area, one of the wealthiest and most densely populated regions of Europe, benefiting from a catchment area of 12 million people within 90 minutes’ drive. Moreover, the centre will be located 10 minutes away from Amsterdam Schiphol Airport, which receives 60 million passengers annually, and with easy access to the Dutch capital and Haarlem, including a railway station a four-minute walk away.

The centre will feature 115 stores set across 19,000 m² of GLA, including 1,000 m² planned for leisure areas, restaurants with outdoor seating, and walkways and gardens, as well as 1,950 parking spaces. Beyond an exclusive commercial mix, NEINVER will offer guests a compelling overall experience, with concierge services, free Wi-Fi, and shuttle bus service, among others. The opening of the centre will create around 600 direct jobs.

The village design of the centre is inspired by traditional Dutch architecture, with an important role for vegetation and natural light. Shops will feature brick facades and shuttered windows topped by traditional pitched roofs in a nod to the factory’s original 19th-century warehouses. The centre is being developed in accordance with the criteria of BREEAM New Construction certification.

Amsterdam The Style Outlets will become Neptune’s first outlet centre in the Netherlands and the 14th European asset in the JV portfolio. Neptune, an exclusive-shareholder joint venture, was created in 2014 by NEINVER, an industry-leading company specialised in property investment, development and management, and Nuveen Real Estate, one of the largest real estate investment managers in the world.