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TH Real Estate, on behalf of TIAA-CREF, acquires interest in outlet mall - Viladecans The Style Outlets in Barcelona

TH Real Estate, on behalf of TIAA-CREF, has completed the purchase of a 50% interest in Viladecans The Style Outlets, currently under development in Barcelona, Spain.   The asset has been acquired from NEINVER, and forms part of the strategic joint venture announced earlier this year – between NEINVER and TIAA-CREF – to create a leading outlet platform in Europe.   TH Real Estate acts as investment advisor to the vehicle, while NEINVER provides specialised asset management and operational services to the assets. Both partners have aspirations to build a significant investment platform over time, the initial focus being on NEINVER’s existing portfolio and d [...]

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NEINVER begins construction phase of Viladecans The Style Outlets

Barcelona. 6 July 2015.- NEINVER, Spanish company specialised in property development, investment, fund management and property asset management, is entering a new phase with Viladecans The Style Outlets, the property it is developing in Greater Barcelona. This outlet centre, NEINVER’s first in Catalonia and its sixth in Spain, will open in autumn 2016. NEINVER thus continues its strategy of strengthening its position in the countries where it does business. It kicked off the construction phase of Viladecans The Style Outlets with a cornerstone-laying ceremony, featuring local government officials who attended to support the project as a driver of the region’s economy and tou [...]

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NEINVER obtains license for Amsterdam The Style Outlets

Amsterdam, May 20, 2015 – NEINVER, one of Europe’s leading developers, investors and property managers has just received an environmental permit from the Municipality of Haarlemmerliede and Spaarnwoude. The permit is required for the Amsterdam The Style Outlets construction process to kick off. NEINVER enters the project’s next phase after obtaining the environmental license. The outlet center will emerge in the former industrial area of Sugar City in Halfweg, near Amsterdam. NEINVER´s newest mall in the Netherlands will have a retail area of 18,000 sq. m and approximately 150 stores. It will offer a leisure and food-court area of over 1,000 sq. m with terraces, co [...]

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El Ganso chooses The Style Outlets for its expansion in Spain and Portugal

Madrid. April 29, 2015. NEINVER, a Spanish company specialised in property development, investment, fund management and property asset management, continues to broaden its international premium-brand portfolio with the addition of the fashion label El Ganso to the company’s European platform, The Style Outlets. El Ganso has turned to The Style Outlets for its expansion in the Spanish and Portuguese outlet sector. Therefore, on May 27, the brand will open a store with 120 sq. m of GLA at The Style Outlets centre in Vila do Conde, marking El Ganso’s entry into the Portuguese outlet market. In addition, on May 22, this renowned international label from [...]

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Sales rose by 10% to €952.29 million at NEINVER-managed outlet centres

Madrid. 20th March 2015– The outlet centres managed by NEINVER in six European markets ended 2014 with positive figures for both sales and visits. The 15 centres attracted more than 41.48 million visitors, up 5% from 2013. Sales rose by 10% to more than 952.29 million Euros. “Our operating indicators have steadily increased over the last 10 years. This reinforces our management model as a key element to increasing the properties’ value in the long term. The retail industry and particularly the outlet sector, which has built itself into a fundamental sales channel in the brands’ distribution strategies, require of a highly specialized management for successful resul [...]