percassi's conquest: Sicilia Fashion Village - Value Retail News

cept and discussed the project and timing
with representatives of major brands
and potential tenants. The clear result
of this investigation has been to confirm
that the Russian market has enormous
potential for outlet retail schemes and
very considerable demand for this
format of retail center. Having a project
jointly sponsored by an international
company with a history of success in
this market and an experienced Russian
partner, we have great confidence in the
success of this new project in Russia.”
The project has 4,000 parking spaces,
as well as extensive public transportation
nearby. A new exit to the site from the M5
highway is under construction, and there is
also a direct link to the Moscow boundary
road that’s now under construction.
Hines International’s €16.5 billion
portfolio includes 1,111 properties totaling
more than 450 million sf. Hines offices are
in more than 100 cities and 17 countries.
Hines Russia began its operations in
Moscow in 1991 and has been active in
development, asset management, property
management, marketing, facility management,
engineering services, strategic consulting
and financial management. As of
September 2010, Hines Russia’s portfolio
included 12 projects totaling more than 4.2
million sf.
Belaya Dacha Group is a holding company
with a number of businesses: growing
and processing of vegetables, soft
landscaping and landscape design, and
commercial real estate. The holding also
includes the Belaya Dacha Equestrian
Club and the non-commercial organization
Narodnoye Predpriyatiye, mainly
responsible for charity programs.
Several planned
FOCs bring focus
to Neinver
bETWEEN NOW ANd the end of 2012,
Neinver is planning to open several new
outlet centers throughout Europe. The developer
has teamed up with MAB Development
on two outlet centers in France:
Roppenheim The Style Outlets
is located in the Alsace region, on the
French-German border. The market has
more than 8.4 million upscale consumers
and is visited annually by 27 million
tourists. The 27,200-m 2 outlet center will
resemble a traditional Alsace village, with
wide, open spaces and state-of-the-art
environmentally friendly architecture. It is
scheduled to open at the end of this year.
Honfleur The Style Outlets, in
Normandy, will be the retail portion of a
future entertainment and leisure complex
at Honfleur. The 18,000-m 2 center,
scheduled to open in summer 2012, is designed
to blend with the surrounding hills.
The center’s catchment is 4.8 million.
TWO PROJECTS PlANNEd along the
busy D1 Highway in Slovakia are each
hoping to become the first outlet center
in that country. Both centers will
attract shoppers from Slovakia, the
Czech Republic, Austria and Hungary,
and both will market to the 4.8 million
people who live within a 90-minute
drive of their FOC sites.
Both projects will draw shoppers
from the capital city of Bratislava, which
has the highest purchasing power
in Slovakia – consumer spending is
expected to increase 38 percent by
2016. Additionally, Slovakia’s flat income
tax rate of 19 percent has attracted
many foreign investors, including VW,
Peugeot, Kia, Samsung and Sony.
Slovakian real estate developer
Realiz is working closely with factory
outlet specialists Rioja Developments
on the €75 million one Fashion outlet,
which is expected to create 350 jobs.
In Poland, Neinver is still in the
planning stages with Factory Krakow
and Factory Warsaw Annopol. Factory
Coruña, the fifth Neinver outlet
center in Spain, will open this spring,
and in 2012, the developer will open the
Mediterranean-style Algarve The Style
Outlets in Portugal.
(Continued on page 20)
The groundbreaking for D1 Outlet Bratislava featured a dance by the Takeuchi excavators,
which was choreographed by Tony Moises, an iconic Slovakian dancer.
Two outlet centers vying
to be first in Slovakia
One Fashion Outlet’s 22-hectare site
is at the Voderady junction of the D1
Highway, 37 km from the capital city
of Bratislava.
Construction of the 16,000-m 2 phase
1 is expected to start in the first half of
this year, with the opening planned for
2012. When completed, One Fashion
Outlet will total 36,000 m 2 .
Construction for the 8,500-m 2 D1
outlet Bratislava began in November
2010, with plans for space to be
turned over to tenants this summer
and opening this fall. When all phases
are completed, the center’s build-out
could reach 25,000-m 2 .
IPEC Group is developing the €35
million D1 Outlet. The center, on a
15-hectare site, could total 25,000 m 2
when all phases are completed.
D1 Outlet Bratislava is at the Senec
junction of the busy D1 Highway, 10
km from Bratislava.
WINTER 2011 InteRnatIonal outlet JouRnal 19