100 OPPORTUNITIES FOR YOUR SUCCESS - Value Retail News
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Outlet Centre International’s<br />
Designer Outlets Wolfsburg<br />
2008<br />
OutletPIPELINE<br />
Neinver’s Castel Guelfo, Bologna,Italy
staFF<br />
vol. 4 No. 5<br />
maRy LOu FIaLa<br />
ICSC ChaIrman<br />
JaaP GILLIs<br />
ICSC ChaIrman, EUrOPEan<br />
advISOry bOard<br />
mIchaEL P. KERchEvaL<br />
ICSC PrESIdEnt and CEO<br />
RudOLPh E. mILIaN, scsm, scmd<br />
ICSC SEnIOr vP<br />
Jay staRR<br />
ICSC SEnIOr vP<br />
InsIde<br />
4 McArthurGlen Soars: 5 Centers in 2 Years<br />
COnTenTS<br />
Outlet PiPeline 2008<br />
PaGE 8 PaGE 16<br />
PaGE 29<br />
Icsc EuROPE<br />
London, +44 20 7976 3<strong>100</strong><br />
icsc.europe@icsc.org<br />
FLORIda OFFIcE<br />
29399 U.S. hwy. 19 n., Suite 370<br />
Clearwater, FL 33761<br />
+1 727 781 7557<br />
LINda humPhERs<br />
Editor in Chief, ext. 472<br />
lhumphers@icsc.org<br />
tOm KIRwaN<br />
Senior Editor, ext. 471<br />
tkirwan@icsc.org<br />
RaNdy GdOvIN<br />
art director, ext. 451<br />
rgdovin@icsc.org<br />
saLLy stEPhENsON<br />
Senior advertising Executive<br />
+1 847 835 1617<br />
Fax: +1 847 835 5196<br />
sstephenson@icsc.org<br />
KaREN KNObELOch<br />
advertising Prod. mgr., ext. 441<br />
kknobeloch@icsc.org<br />
International Outlet Journal is a publication for the<br />
non-U.S. factory outlet industry. Copyright © 2008<br />
6 GVA Grimley Outlet Forms Entity with L&W<br />
8 <strong>Value</strong> <strong>Retail</strong>’s Strength: Sales Drive Expansions<br />
10 Junction One: N. Ireland’s No. 1 Outlet<br />
12 Riverside Place: Ultimate Outlet Opportunity<br />
14 Europ Invest Expands Outlet Opportunities<br />
16 Batavia Stad’s Popularity Demands Growth<br />
18 Stable to Develop Center in Montabaur<br />
20 Stable’s Center in Leipzig to Open in 2009<br />
22 Promos Plans To Open Three Outlet Villages<br />
24 DOZ Launches 2nd Hot Expansion<br />
26 Alpenrhein: Spectacular Scenery and Outlet Shops<br />
28 Planned European Outlet Center Expansions<br />
29 Polish Fashion Houses Soaring in Popularity<br />
0 Planned European Outlet Center Openings<br />
2 Trade Body Emerges for European Outlets<br />
4 Designer Outlet Berlin Gets Extreme Makeover<br />
PiPeline 2008 INterNatIONal Outlet JOurNal
OUTleT PiPeline<br />
McarthurGlen builds<br />
on its No.1 position<br />
Europe’s leading developer, owner<br />
and manager of designer outlet<br />
villages, McArthurGlen Group,<br />
will add an additional 115,000 m2<br />
of new retail space to its existing<br />
portfolio with the opening of five new<br />
McArthurGlen villages by the end of<br />
2010.<br />
This builds on McArthurGlen’s current<br />
portfolio of more than 400,000<br />
m 2 of retail space across Europe with<br />
1,800 stores. Its 17 villages include<br />
Serravalle Designer Outlet in Milan,<br />
which is Europe’s biggest designer<br />
outlet village with 37,400 m 2 of gross<br />
leaseable area (GLA).<br />
The architecture of McArthurGlen’s<br />
villages is renowned for being in<br />
keeping with local styles, which the<br />
Group believes is important in creat-<br />
4 INterNatIONal Outlet JOurNal PiPeline 2008<br />
ing the right environment for both<br />
brands and consumers. And the villages<br />
offer a ‘complete experience’,<br />
with cafes, restaurants, children’s<br />
play areas, and good parking, on top<br />
of the retail offer.<br />
Veneto Designer Outlet opened in<br />
Italy September 2008, with four new<br />
McArthurGlen designer outlet villages<br />
opening by the end of 2010:<br />
Venice – the Group’s<br />
fourth village in Italy<br />
Veneto Designer Outlet opened in September<br />
2008 in Noventa di Piave, Venice,<br />
and is McArthurGlen’s fourth designer<br />
outlet village in Italy. The three other<br />
McArthurGlen villages in Italy are in<br />
Milan (Serravalle Designer Outlet), Rome<br />
(Castel Romano Designer Outlet) and<br />
Florence (Barberino Designer Outlet).<br />
the first phase of Veneto Designer Outlet, with architecture inspired by the palazzos<br />
of Venice, offers 11,000 m² of GLA.<br />
The first phase of Veneto Designer<br />
Outlet, with architecture inspired by the<br />
palazzos of Venice, offers 11,000 m² of<br />
GLA. The second phase is scheduled to<br />
open in 2009, adding a further 10,000 m²<br />
to bring the total GLA to 21,000 m 2 with a<br />
total of 120 stores.<br />
Some of the key brands in the first<br />
phase include Aspesi, Baldinini, Burberry,<br />
Costume National, Fratelli Rossetti, Les<br />
Copains, Pal Zileri, Brooksfield, Calvin<br />
Klein Underwear, Nike Factory Store,<br />
Calvin Klein Jeans, Elena Mirò, Frette,<br />
Guess, Il Gufo, Massimo Rebecchi, Miss<br />
Sixty, Pinko and Piquadro.<br />
Almost 4 million people live within a<br />
90-minute drive of the designer outlet<br />
village. In addition, more than 14 million<br />
tourists visited the Veneto region last<br />
year, of which 9 million came from<br />
outside Italy.<br />
Berlin - in partnership<br />
with Henderson<br />
McArthurGlen’s first venture in Germany<br />
will be a new designer outlet village for<br />
Berlin, which will open in two phases.<br />
McArthurGlen is developing the village,<br />
and will manage and lease the village, which<br />
is part of the European Outlet Mall Fund<br />
owned by Henderson Global Investors.<br />
The process will include the €80 million<br />
redevelopment of the existing scheme,<br />
which offers 11,000 m 2 of retail space<br />
across 40 shops. Once fully opened in<br />
2010, the village will offer a total 19,000 m 2<br />
with 120 stores.<br />
The outlet village for Berlin will be the<br />
first truly designer-led outlet village in<br />
this key region, which offers a catchment<br />
population of 5.6 million residents within<br />
a 90-minute drive of the village. (See related<br />
story on Berlin, page 34.)<br />
Naples – Italy’s most<br />
populated region<br />
McArthurGlen’s designer outlet village<br />
for Naples will offer a GLA of 26,000 m 2 ,<br />
to be built in two phases with a total of<br />
120 stores. The first 20,000-m 2 phase<br />
will open in autumn 2009 followed by a
the palazzo-style Veneto Designer Outlet, which opened in September, caters to the wealthy region’s impressive spending power.<br />
6,000- m 2 expansion in 2010.<br />
The design of the village is inspired<br />
by the Campania region’s Mediterranean<br />
architecture, in particular by the nearby<br />
Royal Palace at Caserta. It is located<br />
on the main A1 highway to Rome, 25<br />
km from Naples. The catchment area<br />
includes the more than five million people<br />
of the Campania region, Italy’s most<br />
densely populated region, as well as the<br />
5 million tourist visitors each year.<br />
adjacent to Salzburg airport<br />
When McArthurGlen opens its designer<br />
outlet village in Salzburg in autumn 2009, it<br />
will be the Group’s second village in Austria,<br />
following the success of its Parndorf Designer<br />
Outlet village which opened in 1998.<br />
Perhaps the most complex construction<br />
project undertaken by McArthurGlen<br />
to date, the two-level, 28,000-m 2 village,<br />
directly adjacent to Salzburg Airport, will<br />
host 140 leading fashion brands. The architecture<br />
duplicates the elegant arcade style<br />
of the 1920s.<br />
The airport handles over 5 million passengers<br />
a year, and is 20 minutes’ drive<br />
from Salzburg’s city centre, which hosts<br />
4,000 cultural events per year including the<br />
world famous Salzburg Festival.<br />
The site, which will include 2,200 parking<br />
spaces, is served by excellent transport<br />
links providing access to an affluent<br />
catchment area that includes 5.6 million<br />
residents within 90 minutes. It is on the<br />
A1/A8 motorway connecting Munich<br />
to Salzburg, and on the A10 motorway,<br />
the main connection to Italy for Austrian<br />
and German visitors heading to the<br />
Mediterranean. Around 40 percent of the<br />
catchment area for the village will be in<br />
Austria and the remaining 60 percent from<br />
neighbouring Bavaria.<br />
athens – a first for Greece<br />
McArthurGlen’s designer outlet village<br />
in Athens will be the Group’s first development<br />
in Greece, as well as the first designer<br />
outlet village in the country.<br />
The centre is located to the northeast<br />
of Athens, just off the Athens Attiki Odos<br />
ring road, and is a 15-minute drive from<br />
Athens International Airport.<br />
The village will accommodate a GLA<br />
of 21,200 m 2 , including 120 stores, and<br />
is due to open in early 2010. Around 5<br />
million customers live within 90 minutes<br />
of the village, while 6 million tourists<br />
visit the Greek capital every year. There<br />
is no comparable combination of design,<br />
environment and brands in the Athens<br />
market. c<br />
McArthurGlen is not stopping here.<br />
The Group is actively persuing new<br />
development opportunities across<br />
Europe, both in Western Europe as<br />
well as in emerging markets to the<br />
eastern fringes of the Continent. For<br />
Europe’s leading developer, owner<br />
and manager of designer outlet villages,<br />
the Continent is still far away<br />
from saturation point in the designer<br />
outlet village market.<br />
mcarthurGlen’s new village for Salzburg is within walking distance of Salzburg Airport.<br />
PiPeline 2008 INterNatIONal Outlet JOurNal 5
OUTleT PiPeline<br />
Gva Grimley Outlets, L&W form<br />
success-driven development entity<br />
Gva Grimley Outlet Services and<br />
Liebrecht & Wood have teamed<br />
up to create a unique partnership,<br />
Fashion House Developments, offering<br />
a dedicated premium quality service for<br />
investors and developers from a team who<br />
are experts in the fields of outlet development,<br />
operation and management.<br />
All Fashion House Development Outlets<br />
will come under the Fashion House<br />
brand concept including theme, design,<br />
name, leasing and marketing.<br />
Brendon O’Reilly, director, GVA<br />
Grimley Outlet<br />
Services explains:<br />
“The uniqueness of<br />
our company is that<br />
we can work with<br />
<strong>100</strong>-percent investor<br />
funded projects,<br />
match up investor<br />
partners on projects,<br />
O’Reilly<br />
bring investors into<br />
new projects where<br />
finance is yet to be secured, or provide a<br />
Fashion House brand license to maximise<br />
the success of each project and achieve a<br />
good return.”<br />
Fashion House Developments first<br />
came together when Liebrecht & Wood<br />
and a group of Belgian and UK investors<br />
acquired three outlet sites in Poland. GVA<br />
Grimley Outlet Services then came on<br />
board as the manager-operators and created<br />
the Fashion House brand.<br />
Together they opened Fashion House<br />
Outlet Centres in Sosnowiec, Gdansk and<br />
Warsaw. Once all three outlet centres were<br />
open and trading successfully, the owners sold<br />
the Polish portfolio to AIB’s Polonia II property<br />
fund, granting them a licence to continue<br />
trading under the Fashion House brand.<br />
Fashion House Management continues<br />
6 INterNatIONal Outlet JOurNal PiPeline 2008<br />
GVA Grimley Outlet Services expansions<br />
Centre/location expansion expansion opening<br />
*Fashion arena Outlet centre Phase 2 Spring 2009<br />
Prague, Czech republic 7,000 m2 Fashion house Outlet centre Phase 2 Summer 2009<br />
Gdansk, Poland 8,000 m2 Fashion house Outlet centre Phase 2 September 2008<br />
Sosnowiec, Poland 4,700 m2 Fashion house Outlet centre Phase 3 march 2009<br />
Sosnowiec, Poland 4,<strong>100</strong> m2 * the owner is a Jv between tK developments and LmS Outlets; the 18,000-m 2 phase 1 opened in november 2007.<br />
to manage and operate the outlets using<br />
GVA Grimley Outlet Services who also<br />
maintain the high standards of the Fashion<br />
House brand, while the original developer<br />
continues development with new<br />
phases in Poland which, when complete,<br />
will be passed over to AIB.<br />
At the same time Liebrecht & Wood is<br />
also developing West Park, a retail park in<br />
Bucharest, which will accommodate the<br />
next Fashion House Outlet Centre with<br />
GVA Grimley.<br />
With the Fashion House brand as a<br />
complete entity and the option to develop<br />
the brand further, the partners set up<br />
Fashion House Developments.<br />
Patrick Van Den Bossche, co-founder of<br />
Liebrecht & Wood<br />
and Fashion House<br />
Developments, adds:<br />
“This is a remarkable<br />
case study of how to<br />
develop a branded<br />
Outlet chain that<br />
can offer a unique<br />
investment package<br />
to developers<br />
van den bossche and investors across<br />
Europe. The outlet marketplace remains<br />
Fashion House portfolio<br />
Centre Opening Gla Catchment<br />
an attractive investment opportunity with<br />
great potential for the future. The upward<br />
trend within the sector across Europe<br />
shows that retailer demand far outweighs<br />
the supply of outlet centres. It’s a growth<br />
area that those without specialist outlet<br />
knowledge have found risky to enter, whilst<br />
those who are already involved want the<br />
potential to increase their own activity.<br />
These are needs we aim to meet.”<br />
Neil Thompson, CEO of Fashion House<br />
in Poland, will<br />
continue as CEO<br />
of Fashion House<br />
Developments. He<br />
adds: “Fashion<br />
House can offer<br />
a unique, low-risk<br />
package to investors<br />
and developers in this<br />
thompson<br />
growing niche sector.<br />
Specialism is crucial<br />
to success, and we also bring our retail brand<br />
partners that are looking to us to open more<br />
centres to suit their own expansion plans.<br />
We cover the full outlet-centre lifecycle,<br />
from development to exit, with a recognized<br />
and proven consumer brand built in; it really<br />
is the total package!” c<br />
Fashion house warsaw, Poland november 2005 24,000 m2 3.8 million within 90-minute drive<br />
Fashion house Gdansk, Poland October 2005 23,000 m2 at completion 1.7 million within 90-minute drive<br />
Fashion house sosnowiec, Poland February 2004 23,000 m2 at completion 4.5 million within 90-minute drive<br />
Fashion house bucharest, romania november 2008 28,<strong>100</strong> m2 at completion 3.5 million within 90-minute drive<br />
sofia Outlet centre, bulgaria Spring 2009 37,000 m2 2.2 million within 90-minute drive
OUTleT PiPeline<br />
value retail’s core strength:<br />
top sales drive expansions<br />
<strong>Value</strong> <strong>Retail</strong>’s outlet<br />
centres continue to<br />
grow, in both size and<br />
sales.<br />
the villages managed by <strong>Value</strong><br />
<strong>Retail</strong> continue to post impressive<br />
gains in both total sales and average<br />
spend per visitor. In the first six months<br />
of 2008 total sales at the Villages increased<br />
by 20 percent compared to the same period<br />
last year, while the average spend of its<br />
visitors increased by 12 percent.<br />
<strong>Value</strong> <strong>Retail</strong> also recorded an increase<br />
in tax refunded sales by over 30 percent,<br />
compared to the first six months<br />
of 2007. The strongest gains were<br />
generated by visitors from Russia, the<br />
Middle East, China, India, South East<br />
Asia and Brazil.<br />
The Villages are on track to serve over<br />
22 million visitors this year.<br />
This performance and a high level of<br />
brand interest have lead to further the<br />
expansion of several Villages:<br />
n In May 2007, 2,200 m 2 (23,600 sf)<br />
and 12 stores were added to Wertheim<br />
Village, <strong>Value</strong> <strong>Retail</strong>’s project located near<br />
Frankfurt, increasing its total to almost<br />
21,000 m 2 with 110 stores.<br />
n June 2007 saw the opening of an additional<br />
25 stores in 3,500 m 2 (38,000 sf) at<br />
Fidenza Village, located one hour south of<br />
Milan near Parma. Fidenza Village now has<br />
a total of 110 stores in almost 18,000 m 2 .<br />
n This autumn 32 new stores in 5,000<br />
m 2 (54,000 sf) will open at Ingolstadt Village,<br />
<strong>Value</strong> <strong>Retail</strong>’s second project in Germany<br />
located near Munich. This expansion brings<br />
the total number of stores at Ingolstadt Village<br />
to 115 in just over 21,000 m 2 .<br />
n An additional 31 stores will open<br />
this October at Bicester Village, <strong>Value</strong><br />
<strong>Retail</strong>’s flagship located outside of London<br />
near Oxford. The additional stores<br />
add approximately 5,000 m 2 (52,000 sf) to<br />
Bicester Village, which now totals 22,000<br />
m 2 representing 130 stores.<br />
<strong>Value</strong> <strong>Retail</strong>’s 2008 development programme<br />
follows the expansions last year<br />
of Fidenza Village, Wertheim Village and<br />
8 INterNatIONal Outlet JOurNal PiPeline 2008<br />
La vallée village (top) and Wertheim Village (above) both expanded last year. This autumn,<br />
more than 30 stores each are set to open at Ingolstadt Village, <strong>Value</strong> <strong>Retail</strong>’s second<br />
project in Germany, and at Bicester Village near London.<br />
La Vallée Village, <strong>Value</strong> <strong>Retail</strong>’s leading<br />
outlet shopping destination located near<br />
Paris and adjacent to Disneyland Resort<br />
Paris. A further 2,750 m 2 (30,000 sf) and<br />
16 stores were added to La Vallée Village<br />
in summer 2007, which now totals 18,000<br />
m 2 over <strong>100</strong> stores respectively. Paul<br />
Smith, Hackett, M Missoni, and Dolce<br />
& Gabanna are among the new brands<br />
represented at La Vallée Village. c
OUTleT PiPeline<br />
Junction One’s excellence crafts<br />
n. Ireland’s no. 1 outlet scheme<br />
Creating a complete<br />
lifestyle experience is<br />
key to attracting the<br />
Irish shopper.<br />
Four years since opening, Junction<br />
One International Outlet Shopping<br />
Centre remains in pole position as<br />
the undisputed leader in Northern Ireland’s<br />
out-of-town retail portfolio.<br />
Its winning combination of excellent<br />
location, exciting tenant mix and critical<br />
mass has made Junction One the dominant<br />
factory outlet centre on the island. With<br />
market leadership in the bag and a record<br />
12 million visitors to date, Junction One<br />
continues to grow and improve, adding new<br />
names to the customer offer providing quality,<br />
choice and style at unbeatable prices.<br />
John Drummond, managing director<br />
of The Guinea Group, asset managers for<br />
partners CUSP, the Kennedy Group and<br />
Dunalastair in the centre, explains, “We<br />
have over 250,000 sf of GLA comprising<br />
70 retail units and 10 restaurants. It is<br />
our aim to keep the centre <strong>100</strong> percent let<br />
with continual improvement and refining<br />
of the tenant mix, thus keeping Junction<br />
One dynamic and exciting for our<br />
customers.”<br />
In the last 12 months almost 30,000 sf<br />
of GLA has been let or relet. Tom Tailor,<br />
the international lifestyle brand, leads the<br />
list of new arrivals with a 4,500-sf unit,<br />
Tom Tailor’s first outlet store in the UK and<br />
Ireland. Also recently opened is Kurt Muller,<br />
highly appealing to young fashionistas; and<br />
Moss Bros. with its array of designer tailored<br />
wear, including Baumler, Pierre Cardin, Savoy<br />
Taylors Guild and Moss Bros Hire.<br />
Joining Junction One’s High Street<br />
names (including Marks & Spencer, Next<br />
Clearance, Clarks, Reebok, Bose, and<br />
Nike) are cutting edge retailers such as<br />
Clockwork Orange and Billabong. “Our<br />
strength is in the breadth of offer,” Drummond<br />
says.<br />
Junction One’s success isn’t a happy<br />
accident.<br />
“<strong>Retail</strong> is going through a tough time<br />
and now more than ever we have to deliver<br />
10 INterNatIONal Outlet JOurNal PiPeline 2008<br />
In the last 12 months almost 30,000 sf of GLA has been let or relet at the booming<br />
Junction One Outlet Shopping Centre in Antrim, N. Ireland.<br />
value for money and added value wherever<br />
possible,” Drummond says. “Every<br />
penny of our marketing spend is informed<br />
by thorough research and market<br />
analysis. We commission regular customer<br />
research by nationally accredited retail<br />
specialists CACI who have just finished<br />
their seventh in-depth survey examining<br />
all aspects of shopper’s habits, likes and<br />
dislikes. We also have close partnerships<br />
with our retail and catering tenants to<br />
maximise sales and ensure that all our<br />
activities are mutually beneficial.”<br />
With a population of only 1.7 million<br />
in Northern Ireland, everyone is important<br />
to Junction One, which emphasises<br />
a strong value message. Initiatives such<br />
as the Girls’ Club, with 18,000 members,<br />
store loyalty cards, mall entertainment and<br />
early bird promotions all form an ongoing<br />
package for driving footfall.<br />
“Recent research shows high levels of<br />
satisfaction at our centre – 94 percent<br />
of visitors are repeat customers – and<br />
that proves that our marketing is working<br />
well,” Drummond says. “Despite the<br />
difficulties presented by the economic<br />
downturn, our average customer spend<br />
is 18 percent more than similar FOCs<br />
throughout the UK.”<br />
Whilst the local population is relatively<br />
small, it is bolstered by a strengthening<br />
overseas tourist market and a large number<br />
of visitors who drive from the south of<br />
Ireland to enjoy the increased spending<br />
power afforded by the current euro exchange<br />
rate. “Visitor numbers to Northern<br />
Ireland were up 28 percent in 2007<br />
from 2006 and growing,” he says, adding<br />
that he sees strong growth potential in the<br />
coach market.<br />
Welcoming visitors are Junction One’s<br />
integral retail and leisure park with its<br />
restaurants, Express by Holiday Inn hotel<br />
and proposed multiplex cinema and leisure<br />
complex. Already trading are Homebase,<br />
discount supermarket Lidl, Burger King<br />
and a petrol station. Planning is in process<br />
for a £25 million ASDA superstore and a<br />
40,000 sf JJB Sports Complex.<br />
“Creating a complete lifestyle experience<br />
in one location has always been our<br />
intention,” Drummond says. “As we<br />
progress through our fifth year of trading,<br />
we are confident of yet another successful<br />
year.” c
4 years old and still<br />
Northern Ireland’s<br />
No.1 Outlet Centre<br />
Over 250,000sq ft and 70+ outlets and restaurants including...<br />
Constantly Evolving! Recent new arrivals include...<br />
Over 12 million visitors since opening<br />
• 3000 car parking spaces • 10 minutes from Belfast International Airport<br />
• 20 minutes from Belfast City Centre<br />
DEDICATED OUTLET LEASING TEAM<br />
ROHLEDER LUMBY RETAIL: tel:+44(0)20 7409 2867 O’CONNOR KENNEDY TURTLE: tel:+44(0)28 7034 4244<br />
REALM: tel:+44(0)16 2558 1580 THE GUINEA GROUP: tel:+44(0)131 554 3512<br />
For a leasing brochure visit www.junctionone.co.uk/about.asp<br />
A development by CUSP, Kennedy and the Guinea Group
OUTleT PiPeline<br />
riverside Place regeneration<br />
creates outlet opportunities<br />
Riverside Place, the former K<br />
Village Factory Outlet, in Kendal<br />
is powering ahead and making<br />
excellent progress with a £<strong>100</strong>m regeneration<br />
programme. The redevelopment<br />
of the centre, which originally opened in<br />
1995, will create a unique state-of-the-art<br />
destination shopping and leisure complex<br />
in the heart of the UK’s second largest<br />
tourism market.<br />
With its strategic location at the gateway<br />
to the Lake District, which welcomes<br />
over 16 million visitors annually, K Village<br />
already has an established record of over<br />
12 years of highly successful trading and<br />
the team investing in the redevelopment,<br />
Kendal Riverside Ltd, is committed to<br />
further strengthen that position.<br />
Kendal Riverside Ltd is a partnership<br />
comprising CUSP, Northern Ireland’s<br />
leading regeneration and development<br />
company; the Kennedy Group, one of<br />
Northern Ireland’s foremost contracting<br />
development and hotel groups; and The<br />
Guinea Group, UK factory outlet specialist<br />
developers and asset managers. This is<br />
the same group that developed the highly<br />
successful Junction One International<br />
Outlet Shopping Centre in N. Ireland.<br />
John Drummond, Kendal Riverside<br />
Ltd Project Director explains, “K Village<br />
has played an integral part in Kendal and<br />
the Lake District‘s tourism profile for<br />
many years. The region’s tourism sector<br />
12 INterNatIONal Outlet JOurNal PiPeline 2008<br />
is incredibly buoyant with year on year<br />
growth reflecting a strengthening leisure<br />
offer across accommodation, attractions<br />
and services. We are confident that by<br />
completely redeveloping the K Village site<br />
we will also make a significant contribution<br />
to this burgeoning local economy by delivering<br />
more jobs and creating an important<br />
attraction and driver to increase visitor<br />
numbers to the area.”<br />
Riverside Place, a mixed use development<br />
of over 300,000 sf, will comprise a<br />
premium factory outlet centre, five restaurants<br />
and cafes, over 500 underground<br />
parking spaces, tourist facilities – including<br />
coach-parking and coach facilities for over<br />
25 coaches – a 5,000-sf Heritage Centre,<br />
20,000 sf offices and 90 luxury riverside<br />
apartments.<br />
Lettings to date are well ahead of<br />
schedule. “We have been absolutely delighted<br />
by the early success of our letting<br />
programme, which to date shows over<br />
70 percent of retail space pre-let. This<br />
powerful fact demonstrates not only total<br />
confidence in the project but underlines<br />
a genuine enthusiasm for the location.<br />
Kendal and its Lake District environs have<br />
proved to be real winners in attracting<br />
existing retailers to Riverside Place. There<br />
is no doubt that the centre will be <strong>100</strong><br />
percent let well before opening day.”<br />
The new centre will include existing<br />
K Village tenants such as Clarks, Denby,<br />
National Trust Gift Shop, Double Two and<br />
Klass, as well as exciting new tenants such<br />
as Jaegar, Staccato, Mountain Warehouse<br />
and Bags ETC. Also new to the centre will<br />
be Whittard of Chelsea, Julian Graves and<br />
Cadbury.<br />
The centre’s catering offer has also<br />
been given very careful consideration.<br />
“It would be very easy for us to simply<br />
select a number of cafes and restaurants<br />
which we think would fit the Riverside<br />
Place profile and just sign them up,”<br />
Drummond says, explaining that instead,<br />
independent research firm CACI was<br />
hired to assist in choosing the right range<br />
of restaurants for the 18,000 sf allotted to<br />
catering. Additionally, Rohleder Lumby’s<br />
leasing team was complemented by the<br />
addition of Shelley Sandzer, specialist in<br />
the food and leisure sector.<br />
“The extremely high interest in tenanting<br />
the FOC is also mirrored in the 90<br />
apartments of which already 50 percent<br />
are pre-sold,” Drummond says. “Office<br />
accommodation is also at a premium in<br />
the Kendal area where available space has<br />
outstripped supply and we are confident<br />
that once we release these units they will be<br />
snapped up very quickly.”<br />
Development is right on schedule towards<br />
a completion date of early 2010, and<br />
K Village will be trading from temporary<br />
premises in the centre of Kendal until the<br />
new complex opens. c<br />
the former K village is being transformed into a state-of-the-art destination shopping and leisure complex.
THE BEST NEW OUTLET OPPORTUNITY IN THE UK<br />
The second most popular tourism location in the UK<br />
Over 16 million visitors every year<br />
Over 300,000sq ft of new mixed use development<br />
Construction now started. Over 70% pre-let<br />
• Over 300,000 sq ft of mixed use development • 70,000 sq ft of retail and catering<br />
• 5 cafés/restaurants • Heritage Centre • 90 apartments – 50% pre-sold • Offices • Over 500 parking spaces<br />
• Located on the edge of Kendal • 10 minutes off Jnct 37, M6<br />
DEDICATED OUTLET LEASING TEAM<br />
Rohleder Lumby <strong>Retail</strong>: tel:+44 (0)20 7409 2867 REALM: tel:+44 (0)16 2558 1582 The Guinea Group: tel:+44 (0)131 554 3512<br />
DEDICATED CATERING LEASING TEAM<br />
Shelley Sandez: tel:+44 (0)20 7580 3366<br />
For a leasing brochure visit www.kvillageoutletcentre.co.uk/contact/leasing-brochure.pdf<br />
A development by CUSP, Kennedy and the Guinea Group
OUTleT PiPeline<br />
Europ Invest’s fresh ideas add<br />
opportunities to outlet sector<br />
The company, based<br />
in Belgium and Italy,<br />
provides promotion,<br />
planning, financing,<br />
contracting and<br />
advertising for outlet<br />
developers.<br />
Europ Invest is about to take international<br />
outlet shopping to a whole<br />
new level. The company intends to<br />
create a luxury outlet on the high seas, a<br />
ship that is an outlet centre.<br />
Europ Invest president Ubaldo De<br />
Vincentiis got the idea for the ship while<br />
traveling in Greece. “In Greece,” he said,<br />
“there are lots of islands and not much<br />
good shopping…. So I thought of a<br />
ship with 60 to <strong>100</strong> duty-free outlets that<br />
would not only be important because of<br />
tourism, but could offer special events,<br />
leisure and entertainment.”<br />
All the details have not been nailed<br />
down, but construction of the ship is<br />
already underway in Greece. It is expected<br />
to set sail in 2009 and travel perhaps<br />
between Russia and the Mediterranean.<br />
One-of-a-kind shopping is guaranteed.<br />
“Of course we need some recognized<br />
brands,” Vincentiis said. But he also wants<br />
retailers who will offer “exclusive, madefor-outlet<br />
goods. This idea brings the pos-<br />
14 INterNatIONal Outlet JOurNal PiPeline 2008<br />
ubaldo de vincentiis sees potential in<br />
outlet development.<br />
sibility of growth to the hundreds of small<br />
manufacturers all over the world.”<br />
Just because it is a new concept doesn’t<br />
mean it won’t fly. Innovation is key to the<br />
industry. “I don’t agree that an outlet centre<br />
has to copy McArthurGlen and <strong>Value</strong><br />
<strong>Retail</strong>,” De Vincentiis said.<br />
In the meantime, a project being promoted<br />
by Europ Invest was set to open<br />
in November. The project, Kriz Outlet<br />
Village, is in Croatia, near the capital of<br />
Zagreb. The 22,600-m 2 project will be<br />
built in two phases. When complete the<br />
outlet centre will have <strong>100</strong> stores and<br />
1,700 parking spaces.<br />
The centre will be located within the<br />
Zagreb Ring, which is one of Croatia’s<br />
most important economic areas. It will<br />
draw from a wide region, with more than<br />
2.5 million residents and another three<br />
million tourists. The area is the home of<br />
four international highways (Al, A2, A3,<br />
A4) and the international railway corridor<br />
for the famed Orient Express, running<br />
from Paris to Istanbul.<br />
Economically, the site couldn’t be<br />
better. Good times are surely ahead: The<br />
County of Zagreb has seen 65 percent in<br />
income growth over the last five years.<br />
Europ Invest, founded in 1980, has<br />
been involved with the European outlet<br />
industry for several years, including promoting<br />
to local authorities projects such<br />
as <strong>Value</strong> <strong>Retail</strong>’s Maasmechelen Village<br />
and two other centers in Italy, McArthur-<br />
Glen’s Serravalle Designer Outlets and<br />
DEGI’s Valdichiana Outlet Village.<br />
Other outlet centres now on Europ<br />
Invest’s agenda include:<br />
n a retail park in Dison, Belgium,<br />
which was to open in November<br />
n In Italy, Citta Sant’Angelo Outlet<br />
Village, in Pescara, Italy, to open in the<br />
summer of 2009 as the first outlet centre<br />
in the Abruzza region; an outlet project<br />
at Regello in Tuscany, planned to open in<br />
2009; and an outlet center in Vigevano to<br />
open in 2010<br />
n A 35,000-m 2 project in Athens, to<br />
open by the end of 2009<br />
n Further projects in Marrakesh and<br />
Moscow. c<br />
Innovative ideas, such as Europ Invest’s concept of a luxury outlet centre on a ship, drive the industry’s success.
OUTleT PiPeline<br />
batavia Stad’s popularity, tenants<br />
demands a 20-percent expansion<br />
batavia stad Fashion Outlet was<br />
the first Dutch factory outlet centre<br />
and opened in July 2001. It is<br />
located in Lelystad, a stone’s throw from<br />
Amsterdam and the key Dutch airport<br />
Schiphol. True to its Dutch origins, Batavia<br />
Stad is located directly on the water.<br />
Nowadays, the 25,000-m 2 Batavia Stad<br />
Fashion Outlet is one of the most popular<br />
attractions in the Netherlands, welcoming<br />
its 10 millionth visitor in 2006.<br />
In addition to fashion, this centre offers<br />
the visitors a relaxing day out with museums<br />
and food service establishments like<br />
Ben & Jerry’s. Batavia Stad Fashion Outlet<br />
is also the home port of the replica of the<br />
famous historic ships The Batavia and The<br />
Seven Provinces.<br />
Batavia Stad Fashion Outlet is a <strong>100</strong><br />
percent brand experience. The centre’s<br />
owner, Netherlands-based Stable International,<br />
ensures professional store support,<br />
advice, mystery shopping , sales training and<br />
marketing – often with a special twist. As a<br />
result, a double-digit growth in both turnover<br />
and visitor numbers can be reported.<br />
Batavia Stad’s unique proposition is captured<br />
in an effective and slightly daring TV<br />
and media campaign – using naked models in<br />
the Dutch landscape – to accentuate the link<br />
between the polder (reclaimed land from the<br />
sea) and international fashion. The campaign<br />
highlights the beauty of the straight lines<br />
which are found in the polder landscape. The<br />
straight lines form the catwalk for the models,<br />
who are on their way to Batavia Stad.<br />
From the beginning, Batavia Stad Fashion<br />
Outlet has been an incredible catalyst for<br />
the entire Lelystad area. Stable added a large<br />
Mexx /Liz Claiborne stand-alone outlet store<br />
in May 2006 and a second phase to Batavia<br />
Stad in July 2007. Stable is also involved in<br />
the development of Batavia Harbour – a<br />
luxurious 400-apartment complex overlooking<br />
a newly built harbour (www.bataviahaven.<br />
nl). Lelystad City Centre has also had an<br />
immense boost and work is progressing for<br />
a whole new City development.<br />
Phase 3 of Batavia Stad, which began<br />
this summer, will add 5,000 m² and 28<br />
stores to the centre with its stylish, meandering<br />
streets, luxurious shop fronts and<br />
beautiful trees. A phase 4 expansion will<br />
make the centre the largest in the Benelux.<br />
Further strengthening the location,<br />
16 INterNatIONal Outlet JOurNal PiPeline 2008<br />
when it opens in 2009, the 5,000-m 2 phase 3 (top photo) of Stable International’s Batavia<br />
Stad Fashion Outlet will have the same stylish luxury as the scheme’s second phase (bottom).<br />
Stable will build Batavia Event & Exhibition<br />
Center (BEEC) on a 30,000 m 2 site<br />
opposite Batavia Stad. Completion is<br />
expected in 2011.<br />
Stable Director Willem Veldhuizen<br />
concludes: “When we started in Lelystad<br />
the outlet shopping phenomenon caused<br />
a great deal of controversy. Everyone was<br />
afraid it would strike at the roots of the<br />
Dutch retail sector. But now everyone is<br />
pleased with the concept; it has a reinforcing<br />
effect and has created a large number<br />
of new jobs. Outlet shopping is appreciated<br />
on all sides and has definitely become part<br />
of our way of life. Now we will develop<br />
schemes abroad. Our first two centres in<br />
Germany are confirmed with two further<br />
developments in the pipeline.” c
OUTleT PiPeline<br />
Stable International brings brand<br />
expertise to 2 outlets in Germany<br />
Outlet projects in Montabaur<br />
and Leipzig will<br />
feature international<br />
brands and striking<br />
architecture.<br />
stable International, with its<br />
headquarters situated in the Netherlands,<br />
steps up a gear with the<br />
development of two brand-new outlet<br />
locations in Germany and the further expansion<br />
of Batavia Stad Fashion Outlet<br />
in Holland.<br />
Key in the Stable approach is its vertical<br />
integration. Stable is active in location<br />
acquisition, development and management<br />
as well as in leasing.<br />
Both new projects will reflect elements<br />
of Stable’s Batavia Stad Fashion Outlet in<br />
Lelystad, The Netherlands. Tenancy, for<br />
instance, will be the exciting international<br />
brands that shoppers love. Architecturally,<br />
each of the German centers will carry the<br />
influence of their local markets, as Batavia<br />
Stad echoes the local seaport design.<br />
Germany currently has seven outlet<br />
centers throughout the country. Stable<br />
Director Willem Veldhuizen says: “After a<br />
period dominated by intensive acquisition,<br />
we succeeded in capturing two ideal locations<br />
for outlet development: Leipzig and<br />
Montabaur. There is still plenty of room in<br />
the market. We’re concentrating on regions<br />
that do not already have outlet centers.”<br />
Montabaur Fashion Outlet<br />
Slated to open in the summer of 2010,<br />
Montabaur Fashion Outlet is sited near<br />
the heart of Germany, but on the country’s<br />
western side.<br />
Montabaur is the district seat of the<br />
Westerwaldkreis in Rhineland-Palatinate.<br />
At the same time, the town is also the administrative<br />
centre of the Verbandsgemeinde<br />
of Montabaur – a kind of collective<br />
municipality found only in Rhineland-Palatinate<br />
– to which 24 other communities<br />
belong.<br />
The town is known throughout the<br />
country for its striking yellow castle and<br />
18 INterNatIONal Outlet JOurNal PiPeline 2008<br />
montabaur (top photo) is the affluent district seat of the Westerwaldkreis, located between<br />
Cologne and Frankfurt; the artist’s rendering (bottom) shows Montabaur Fashion Outlet’s<br />
frontage on the A3.<br />
its InterCityExpress railway station on the<br />
Cologne-Frankfurt high-speed rail line.<br />
The site of the outlet centre is a prime<br />
location directly next to the high-speed<br />
railway and on the A3 motorway between<br />
Cologne and Frankfurt. Some 80,000 to<br />
<strong>100</strong>,000 cars pass the site daily.<br />
Phase 1 of Montabaur Fashion Outlet<br />
will be 12,000 m 2 . More than 7 million<br />
people live within 90 minutes of the outlet-centre<br />
site. c<br />
See page 20 for a story on Stable<br />
International’s planned Leipzig<br />
Fashion Outlet.
OUTleT PiPeline<br />
Stable International to open<br />
Leipzig Fashion Outlet in 2009<br />
The new center in the<br />
booming city of Leipzig<br />
will have a catchment of<br />
6 million within a 90minute<br />
drive.<br />
stable International, based in the<br />
Netherlands, has chosen Leipzig, the<br />
largest city in the German state of<br />
Saxony (population 4.2 million), as the site of<br />
its newest project, Leipzig Fashion Outlet.<br />
Leipzig is synonymous with Goethe, Johann<br />
Sebastian Bach and Richard Wagner,<br />
a rich and beautiful area with a history that<br />
goes back more than 800 years based in<br />
commerce, trade, education and music.<br />
But is is also a city that is brimming with<br />
new initiatives and developments.<br />
Leipzig, with a population of about<br />
500,000, and the surrounding area, are<br />
experiencing large-scale redevelopment in<br />
which industry and the service sector go<br />
hand in hand.<br />
After the fall of the Berlin Wall, business<br />
began to boom in Saxony, with Porsche<br />
and BMW, among others, establishing<br />
companies in Leipzig.<br />
DHL recently established a European hub<br />
with Luftthansa Cargo at the modern airport<br />
of Leipzig, which is extremely close to the<br />
site of the future Leipzig Fashion Outlet.<br />
The site of Leipzig Fashion Outlet was<br />
carefully chosen. The centre, on which<br />
development began last month, is 25 minutes<br />
from Leipzig city centre and 10 minutes from<br />
Leipzig/Halle Airport.<br />
Leipzig also has its own exhibition centre,<br />
with great accessibility by motorway and rail,<br />
boasting one of the largest terminal stations<br />
in Europe.<br />
More than 6 million people live within<br />
90 minutes of the outlet-centre site, which<br />
is directly on the A9 motorway between<br />
Berlin and Munich. The site sees 50,000 to<br />
70,000 cars pass daily.<br />
The initial phase of development will be<br />
25,000 m 2 to accomodate some 60 designer<br />
tenants. Scheduled to open in August<br />
2009, Leipzig Fashion Outlet will have 850<br />
car parking spaces.<br />
The Bartels architectural firm from<br />
20 INterNatIONal Outlet JOurNal PiPeline 2008<br />
Leipzig Fashion Outlet will be designed (top photo) with a light and airy architecture featuring<br />
beautiful, high facades to show off 60 designer tenants; (bottom), aerial photo shows<br />
the centre’s proximity to the new Leipzig Airport.<br />
Magdeburg has been hired by Stable International<br />
to design the Leipzig Fashion<br />
Outlet. The modern design will be light<br />
and airy, featuring beautiful, high facades.<br />
Leading Amsterdam landscape architectural<br />
firm Handle with Care will<br />
be responsible for designing the public<br />
squares and grounds of the Leipzig<br />
Fashion Outlet. Handle with Care successfully<br />
redesigned the open areas at Stable’s<br />
Batavia Stad Fashion Outlet in Lelystad,<br />
The Netherlands.<br />
The construction of the new Leipzig<br />
Fashion Outlet is scheduled to be underway<br />
this year. c<br />
See page 18 for a story on Stable<br />
International’s planned Montabaur<br />
Fashion Outlet.
LEIPZIG<br />
F A S H I O N O U T L E T<br />
Building on strong brands<br />
Prime location on the A9 motorway<br />
between Berlin and Munich<br />
25 minutes from Leipzig city centre<br />
10 minutes from Leipzig airport<br />
and exhibition centre<br />
20.000 m 2 (phase I) of outlet space<br />
Construction to commence September 2008<br />
Opening August 2009<br />
More than 6 million inhabitants<br />
within a 90 minute drive time<br />
Stable International, Hardwareweg 26<br />
3821 BM Amersfoort, Netherlands, www.stable.nl
OUTleT PiPeline<br />
Promos brings its expertise<br />
to three new outlet villages<br />
Promos, a national leader in<br />
Italian property management and<br />
development, has announced major<br />
plans to open three new outlet centres, two<br />
in Italy and one in Slovenia.<br />
The first, Citta Sant’Angelo Outlet Village<br />
will be located in Pescara, a provincial<br />
capital on the Adriatic coast.<br />
Pisa Outlet Village will be located near<br />
Pisa and will be the first outlet centre in<br />
coastal Tuscany.<br />
Ljubljana Outlet Village will be located<br />
in the capital city of Slovenia and will be<br />
the first outlet centre in the country.<br />
Promos’ €700 portfolio includes 300,000<br />
m 2 of developed space, with 300 loyal brands<br />
and 700 million euros invested. The company<br />
also owns the Palmanova Outlet Village in<br />
the wealthy Friuli-Venezia region of Italy.<br />
Citta Sant’angelo Outlet Village<br />
The Citta Sant’Angelo Outlet Village at<br />
Pescara will be the first outlet centre in the<br />
region of Abruzza. The €90 million centre<br />
will open its first phase in summer 2009. The<br />
first phase of the centre will cover 23,000 m 2<br />
with 93 stores. Ultimately, the outlet centre<br />
is expected to include 28,000 m 2 and 2,500<br />
parking spaces.<br />
The centre will be visible from the<br />
A-14 motorway. As many as 30 million<br />
cars travel the highway each year. It is the<br />
most significant connector for the Adriatic<br />
coast. Three million people live within<br />
the centre’s catchment area of central and<br />
22 INterNatIONal Outlet JOurNal PiPeline 2008<br />
Located on the Florence-Pisa-Liverno Highway, Promos’ €80 million Pisa Outlet Village<br />
will be the first outlet centre in Tuscany’s coastal area.<br />
eastern Italy. The centre will also be a<br />
significant draw for the 8 million tourists<br />
who visit the region annually to enjoy<br />
coastal and mountain ski resorts.<br />
Pisa Outlet Village<br />
Promos will also add to its portfolio<br />
the Pisa Outlet Village, an €80 million<br />
project that will be located near Pisa<br />
and will be the first outlet centre in the<br />
coastal area of Tuscany. It is expected<br />
to open in 2010. The project will cover<br />
a total area of 250,000 m 2 with 25,000<br />
m 2 of GLA for <strong>100</strong> stores. The center<br />
will draw from a densely populated area<br />
and thousands of tourists. Three million<br />
people live within 90 minutes of<br />
the centre. Ten million tourists, most<br />
of them from Germany, the United<br />
Kingdom and the United States, visit<br />
the region annually. The new centre will<br />
be strategically located on the Florence-<br />
Pisa-Liverno Highway.<br />
ljubljana Outlet Village<br />
Promos also has its sights trained on the<br />
eastern European market, and already one<br />
centre is in the works. Ljubljana Outlet Village<br />
will be located near Ljubljana, the capital of<br />
Slovenia. It will be the first outlet centre in<br />
the country. The centre, in the middle of the<br />
small nation, will be developed in two phases<br />
of 18,000 m 2 and then 7,000 m 2 and will open<br />
in the second half of 2010. Once completed,<br />
the centre will have 110 stores. A <strong>Retail</strong> Park<br />
3rd phase will follow, in order to make the<br />
most of local economic growth. Three million<br />
people live within 220 km of the centre<br />
and as many as 3 million tourists visit the<br />
country annually. c<br />
construction is well under way for a summer 2009 opening of Promos’ €90 million Citta Sant’Angelo Outlet Village in Pescara.
We’ve got new projects for you...<br />
...come and take<br />
a look from closer<br />
OuR LATeST PROjeCT<br />
The Palmanova Outlet Village<br />
has been Italy’s first<br />
on-the-border f.o.c. with<br />
a four-country<br />
catchment area...<br />
Città Sant’Angelo Outlet Village (IT)<br />
Pisa Outlet Village (IT)<br />
Ljubljana Outlet Village (SLO)<br />
Timişoara Outlet VIllage (RO)<br />
www.promosbrescia.it<br />
We’ll wait for you at<br />
19-21 november 2008<br />
Level 01, n° 13.26 / 15-25<br />
PROMOS<br />
70 Via Cefalonia, 25124 Brescia, ITALY Tel. (++39) 030 2422862 Fax (++39) 030 2422870<br />
w w w.promosbrescia.it info@promosbrescia.it
OUTleT PiPeline<br />
designer Outlets Zweibruecken<br />
launches second hot expansion<br />
after a construction period<br />
of seven months, the second<br />
expansion of Designer Outlets<br />
Zweibruecken in southwestern Germany<br />
has been completed, enlarging the centre<br />
by 3,000 m 2 of additional sales area and<br />
25 new outlet stores.<br />
The Rhineland-Palatinate outlet centre<br />
– owned by Trading Places SA, a Belgian<br />
company affiliated with the Scottish Kenmore<br />
Group – has once again managed to<br />
attract renowned brand manufacturers for<br />
the third construction phase.<br />
Its overall sales area of 18,200 m 2 and<br />
more than <strong>100</strong> brands strengthen its<br />
position as the largest outlet centre in<br />
Germany.<br />
In July, the first 11 boutiques opened in<br />
the expansion.<br />
Hot international brands complement<br />
the varied range of designer fashions<br />
like Jette Joop, Marc O´Polo and Tommy<br />
Hilfiger. The selection of footwear and<br />
leather goods is enhanced by the high<br />
quality shoe manufacturer Lloyd. A new<br />
shop to tempt art lovers is Art in the City,<br />
which offers contemporary and decorative<br />
artworks. Brands like Ecko Unltd.,<br />
24 INterNatIONal Outlet JOurNal PiPeline 2008<br />
Fossil, Kangaroos, Odlo and Rosner are<br />
also represented at the Designer Outlets<br />
Zweibruecken.<br />
The sales areas of the new outlet shops<br />
range between 45 m 2 and 495 m 2 . Over<br />
the next few weeks more and more<br />
boutiques will open, including Home by<br />
WMF, Wolford and Centa-Star.<br />
Since opening in 2001, the outlet centre<br />
has made its mark in the business and<br />
more than 80 percent of the new construction<br />
stage have already been let.<br />
“Our centre enjoys an excellent reputation<br />
and attracts the attention of many renowned<br />
brand manufacturers,” said Regina<br />
Leitner, center operations director of the<br />
Designer Outlets Zweibruecken. “These<br />
names complement our brand variety and<br />
make our centre even more attractive.”<br />
By yearend, construction to create more<br />
than 450 parking spaces will be completed.<br />
In Zweibruecken, where €60 million have<br />
already been invested in the first and second<br />
phase of construction, the new expansion<br />
has an estimated cost of €11 million.<br />
In 2007, 1.6 million people visited the<br />
Designer Outlets Zweibruecken.<br />
The developing and operating company<br />
Outlet Centres International (OCI) sees the<br />
expansion as a successful continuation of<br />
the positive progress made in the past years.<br />
“The further development of the centre is<br />
a crucial competitive advantage,” says Hans<br />
Dobke, CEO of OCI, which also opened<br />
Designer Outlets Wolfsburg in 2007. “A<br />
wider selection of luxury and premium<br />
brands as well as the optimized variety of<br />
businesses will boost our degree of popularity<br />
even more and attract well-funded<br />
international customers.”<br />
The opening ceremony of expansion<br />
was held on 11 July, and was attended by<br />
Hendrik Hering, minister for economy,<br />
transport, agriculture and viticulture of<br />
the federal state of Rhineland-Palatinate;<br />
Prof. Dr. Helmut Reichling, lordmayor of<br />
Zweibruecken; and Daniel Herrmann,<br />
managing director of Kenmore Deutschland<br />
GmbH.<br />
More than 300 invited guests from the<br />
sectors of trade, economy, politics and<br />
media attended.<br />
The centre is one of the region’s most<br />
important employers and will have a staff<br />
of about 750 people once the new construction<br />
stage is fully open. c<br />
among the new brands in the 3,000-m 2 phase 3 of Designer Outlets Zweibruecken are Marc O’Polo, Jette Joop and Tommy Hilfiger.
OUTleT PiPeline<br />
alpenrhein: Spectacular<br />
scenery with outlet shops<br />
Construction is “full<br />
speed ahead” at the<br />
Swiss centre, with the<br />
opening scheduled<br />
for autumn 2009.<br />
construction of the new Alpenrhein<br />
Outlet Village in Landquart,<br />
Switzerland, owned by ING Real<br />
Estate, and leased and marketed by BVS<br />
Outlet Villages, began this summer.<br />
The construction of the 21,000-m 2 centre<br />
is being handled by HRS of Frauenfeld,<br />
Canton Thurgau, one of the most prominent<br />
Swiss construction companies. The<br />
company’s completed projects include the<br />
football stadium in St.Gallen with adjacent<br />
shopping and sports centres, the Schulthess-Klinik<br />
in Zurich, as well as a luxury<br />
hotel in Bad Ragaz.<br />
During the month of July, the HRS<br />
team met with ING and BVS to finalize<br />
all details of the future village – from<br />
the technical aspects, to the definition of<br />
the various shop units, to an eco-friendly<br />
Swiss waste system.<br />
Construction has been full speed ahead<br />
since the beginning of August, with giant<br />
cranes and tractors dominating the site.<br />
The opening date remains autumn 2009.<br />
Some <strong>100</strong> outlet stores featuring top<br />
fashion, sports and leisure brands at prices<br />
30 percent to 70 percent off original retail<br />
will occupy Alpenrhein Outlet Village.<br />
The strategically located centre will be<br />
developed in one stage on a 90,000-m 2<br />
plot of land between the Landquart train<br />
station and the A13 motorway. The A13<br />
is one of the most important north-south<br />
highways through the Alps – more than<br />
29 million cars travel the highway annually,<br />
according to Barbara Horatz, Managing<br />
Director Marketing & Leasing BVS Outlet<br />
Villages.<br />
“Four million people live in the region,<br />
which includes parts of Germany and Austria,<br />
as well as the Golden Triangle of Zurich,<br />
Zug and Liechtenstein,” Horatz says.<br />
“The beautiful region is also a very popular<br />
tourist destination. The Landquart train station<br />
is the principal stop for skiers heading<br />
26 INterNatIONal Outlet JOurNal PiPeline 2008<br />
alpenrhein Outlet village, located in the beautiful Swiss Alps, will be designed with<br />
traditional touches, but with a nod to contemporary life, such as top designer brands at<br />
prices 30 percent to 70 percent off original retail.<br />
to famous mountain resorts, including St.<br />
Moritz, Davos and Klosters. More than<br />
2 million tourists, as well as 75,000 coach<br />
tours, visit the area annually.”<br />
The village will be designed with traditional<br />
Alpine touches, but with a nod to<br />
contemporary life, it will have room for<br />
1,200 cars and 30 motor coaches.<br />
ING is the sole owner of Alpenrhein<br />
Outlet Village, having bought the site<br />
from MIAG Mutschler Immobilien AG in<br />
the summer of 2007. c<br />
Forleasingopportunities,contactRobert<br />
van den Heuvel, Leasing Director BVS<br />
Outlet Villages, +31 (0)65 133 4252 robert.<br />
van.den.heuvel@bvsvillages.com or Cornel<br />
Graemiger, Leasing Director Alpenrhein<br />
Outlet Village, +41 (0)78 601 0935 Cornel.<br />
graemiger@alpenrheinoutlet.ch.
<strong>100</strong> SHOPS – <strong>100</strong> <strong>OPPORTUNITIES</strong> <strong>FOR</strong> <strong>YOUR</strong> <strong>SUCCESS</strong><br />
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�� Opening Autumn 2009<br />
For leasing opportunities please contact:<br />
Barbara Horatz, Marketing & Leasing Officer BVS Outlet Villages, Tel. +41 (0)78 910 6292<br />
Robert van den Heuvel, Leasing Director BVS Outlet Villages, Tel. +31 (0)65 133 4252<br />
Cornel Grämiger, Leasing Director Alpenrhein Outlet Village, Tel. +41 (0)79 601 0935<br />
For more information please visit www.alpenrheinoutletvillage.ch
OUTleT PiPeline<br />
european outlet sector<br />
vigorous with expansions<br />
twenty expansions to existing outlet centres – a mark of<br />
strength in the sector – between 2008 and 2010 total nearly<br />
1.5 million sf of GLA.<br />
Expansions to European Outlet Centres, 2008 - 2010<br />
Name City Country Developer/ leasing company Gla (SF) Opening<br />
2008 ExPaNsION OPENINGs: 9 ExPaNsIONs tOtaLING 527,080 sf<br />
designer Outlets Zweibrucken Zweibruecken Germany Outlet Centres International (UK) Ltd 50,000 2008<br />
Ingolstadt village Ingolstadt Germany value retail Plc 54,000 2008<br />
Fashion district molfetta Outlet bari Italy Fashion district Group 172,200 2008<br />
valdichiana Outlet village Florence Italy dEGI valdichiana Srl/ Green Partners Srl 51,110 2008<br />
FactORy wroclaw Wroclaw Poland nEInvEr Polska 32,290 2008<br />
Fashion house Outlet centre sosnowiec Sosnowiec Poland the Outlet Company/ Cb richard Ellis 48,480 2008<br />
bicester village bicester, England UK value retail Plc 52,000 2008<br />
Junction One antrim, n. Irleland UK Guinea asset mgmt./ rohleder Lumby 42,000 2008<br />
springfields Outlet shopping Spalding, England UK UbS triton/ markham vaughan Gillingham 25,000 2008<br />
& Festival Gardens<br />
2009-2010 PLaNNEd ExPaNsION OPENINGs: 11 ExPaNsIONs tOtaLING 954,515 sf<br />
Roses Fashion Outlet Zagreb Croatia dayland Group/Spiller Farmer 92,030 2009<br />
Fashion arena Outlet centre Prague Czech republic Fashion house developments 77,000 2009<br />
designer Outlet berlin berlin (Wustermark) Germany henderson Global Fund/mcarthurGlen 104,410 2009<br />
designer Outlets wolfsburg Wolfsburg Germany Outlet Centres International (UK) Ltd 91,500 2009<br />
GL bucharest hungary GL Outlet / Segece magyarszag 134,500 2009<br />
batavia stad Outlet shopping Lelystad netherlands Stable International development bv 53,820 2009<br />
Fashion house Outlet centre Gdansk Gdansk Poland Fashion house developments/ 77,560 2009<br />
Cb richard Ellis<br />
Fashion house Outlet centre sosnowiec Sosnowiec Poland the Outlet Company/ Cb richard Ellis 48,480 2009<br />
FactORy vila do conde Porto Portugal neinver 141,500 2009<br />
Festival Park Ebbe vale, Wales UK Chester Properties/ 25,000 2009<br />
markham vaughan Gillingham<br />
designer Outlet berlin berlin (Wustermark) Germany henderson Global Fund/mcarthurGlen 108,715 2010<br />
Source: 2008 Global Outlet Project Directory, per developers<br />
28 INterNatIONal Outlet JOurNal PiPeline 2008<br />
demand for designer tenants at centres<br />
such as Ingolstadt Village (left) and Junction<br />
One (above) has led to nine expansions in<br />
2008 totaling 527,080 sf.<br />
total new/planned expansion GLa: 1,481,595 sf
OUTleT PiPeline<br />
millions of shoppers embracing<br />
Fashion house outlet concept<br />
Outlet centers have taken Poland<br />
by storm. Annually the number of<br />
customers in three Fashion House<br />
outlets in Poland is growing rapidly. Poles<br />
visit outlet centres more often and the<br />
evolution of this shopping formula is<br />
noticeable. Fashion House centers are<br />
bigger, with a larger number of both<br />
international and Polish brands.<br />
Sosnowiec<br />
Nearly 15 million Poles have already<br />
shopped in three Fashion House centres,<br />
shoppers who embrace buying clothes and<br />
branded products at 30-70 percent off.<br />
Fashion House opened its first outlet<br />
centre in 2004 in southern Poland – Fashion<br />
House Sosnowiec. Like the two centres<br />
that followed, Fashion House Sosnowiec<br />
has its own architectural theme – a Victorian<br />
street with railway architecture. The<br />
centre is being expanded and in September<br />
it will be 16,700 m 2 , with 80 retail outlets<br />
and 956 parking places. It will have such<br />
new brands as Cross Jeans, Big Star, Ochnik,<br />
GaPa Fashion and Umbro, and will be<br />
Southern Poland’s first outlet centre with a<br />
luxury lingerie Triumph store.<br />
Gdansk<br />
Fashion House Gdansk is also being<br />
expanded. Themed as a traditional fishing<br />
village, complete with a 25-meter lighthouse,<br />
the centre has the fastest growth<br />
rate of the three projects. Footfall in 2007<br />
rose there almost 40 percent; comparable<br />
sales rose by 66 percent. Construction is<br />
scheduled to start before the end of 2008.<br />
In June two Polish brands – Aryton, a<br />
stylish shop for women, and footwear<br />
manufacturer Nord – joined FHG.<br />
The example of Aryton, Nord and other<br />
Polish brands that are entering the outlet market<br />
shows that Poland-based companies have<br />
convinced themselves to have their shops<br />
in Fashion House malls. We can observe a<br />
change of attitude in Poland. Polish companies<br />
are acting like their western counterparts<br />
right now, focusing on good business ideas,<br />
raising operational and customer service standards<br />
and caring more about the shop design.<br />
Warsaw<br />
New international and domestic shops are<br />
also opening in the biggest outlet centre in<br />
Nearly 15 million Poles have visited the three Fashion House outlet schemes in Poland,<br />
including the 16,700-m 2 centre in Sosnowiec (top photo) and the 10,000-m 2 centre in<br />
Gdansk (bottom photo).<br />
Poland, Fashion House Warsaw, in Piaseczno.<br />
The 17,272-m 2 centre, done in Warsaw<br />
Old Town archictecture, consists of <strong>100</strong><br />
retail outlets and 960 parking spaces.<br />
Recently opened there is Petit Patapon,<br />
a global retailer of infantwear, popular<br />
even among movie stars and members of<br />
the Spanish royal family. This is only the<br />
second Petit Patapon shop in Poland and<br />
the first in an outlet centre. Other recently<br />
opened shops include the famous clothing<br />
company Hexeline, youngsters favorites<br />
Funk’n’Soul and Teddy’s, elegant menswear<br />
Kael and womenswear Essa Classic.<br />
Bucharest<br />
In November, Fashion House Bucharest<br />
will open, its 27,706-m 2 scheme with over<br />
70 percent retail committed. Catchment<br />
within a 90-minutes of the centre is over 6<br />
million people.<br />
Neil Thompson, CEO Fashion House<br />
Outlet Centres, comments, “The outlet<br />
idea has been so successful and has proven<br />
such great financial results that the future<br />
is bright. We expect more outlet customers,<br />
a greater number of tenants, and bigger<br />
outlet projects in many locations.” c<br />
PiPeline 2008 INterNatIONal Outlet JOurNal 29
OUTleT PiPeline<br />
Phase 1 scorecard promises growth:<br />
31 planned schemes, 6.5 million sf<br />
a<br />
t least four new European outlet centres<br />
totaling over 800,000 sf of GLA will have<br />
opened by the end of this year, a healthy<br />
sign by any standard. And another 27 phase 1<br />
schemes totaling 5.7 million sf are scheduled to<br />
open in the next two years.<br />
The first new project of the year, Veneto<br />
Designer Outlet Village, opened in September as<br />
McArthurGlen’s fourth outlet scheme in Italy. Other<br />
projects opening by yearend are Roses Fashion<br />
Outlet, Galleria Moda at Praha Airport and Fashion<br />
House Outlet Centre Bucharest.<br />
31 Planned Phase 1 European Outlet Centers<br />
Name City Country Developer/ leasing company Gla (SF) Opening<br />
2008 PhasE 1 OPENINGs: 4 cENtREs tOtaLING 806,029 sF<br />
veneto designer Outlet venice (noventa di Piave) Italy mcarthurGlen European dev. Co. Ltd 120,329 Sept. 2008<br />
Roses Fashion Outlet Zagreb (Sv Kriz) Croatia dayland Group/ Spiller Farmer 162,000 Oct. 2008<br />
Galleria moda at Praha airport Prague (tuchomerice) Czech republic b.Consulting SrL 333,700 nov. 2008<br />
Fashion house Outlet bucharest romania Fashion house developments/ 190,000 nov. 2008<br />
centre bucharest Cb richard Ellis<br />
2009-2011 PLaNNEd PhasE 1 OPENINGs: 27 cENtREs tOtaLING 5,676,525 sF<br />
designer Outlet Salzburg austria mcarthurGlen European dev. Co. Ltd 301,400 2009<br />
sofia Outlet center Sofia bulgaria Sofia Outlet Center EOOd/ 167,000 2009<br />
Gva Grimley Ltd. Outlet Services<br />
Outlet center sveta helena Zagreb (Sv helena) Croatia Prigan holdings Ltd., Cyprus/ 145,300 2009<br />
Paulchen Komet d.o.o.<br />
Exit 66 Prague Czech republic bdL Czech, a.s. 18,000 2009<br />
Le village des alpes nimes (bellegarde) France bergerac Estates Limited/ rohleder Lumby retail 172,200 2009<br />
marques avenue Paris sud Paris (Corbeil-Essonnes) France Concepts & distribution 139,900 2009<br />
Parc du cubzac bordeaux (St. andre de Cubzac) France Parc du Cubzac SaS/ advantail 360,600 2009<br />
Leipzig Fashion Outlet Leipzig (Wiedemar) Germany Stable International development bv 126,530 2009<br />
designer Outlet athens (yalou) Greece mcarthurGlen European dev. Co. Ltd 226,000 2009<br />
designer Outlet naples (marcianise) Italy mcarthurGlen European dev. Co. Ltd 279,760 2009<br />
soratte Outlet shopping rome (Sant’ Oreste) Italy Outlet Soratte SrL/ Stores development SrL 215,300 2009<br />
citta sant’angelo Outlet village Pescara (Citta Sant’angelo) Italy Promos SrL 226,000 2009<br />
FactORy Krakow Krakow Poland nEInvEr Polska 161,500 2009<br />
algarve Fashion Outlet Lagos (alcantarilha) Portugal rJmcKinney/ rEaLm Ltd. 127,965 2009<br />
mega designer Outlets bucharest romania mega Company/ Colliers International 366,000 2009<br />
alpenrhein Outlet village Landquart Switzerland InG/bvS Outlet villages 226,020 2009<br />
Gloucester Quays Outlet centre Gloucester, Gloucestershire UK Gloucester Quays LLP/ 220,000 2009<br />
Elysian Property Consultancy<br />
Riverside Place Kendal, Cumbria UK Kendal riverside Ltd/ rohleder Lumby retail 74,000 2009<br />
alsace International Outlet Strasburg (roppenheim) France Freeport 253,000 2010<br />
moulin de Nailloux toulouse (nailloux) France Sanoux SaS/ advantail 316,500 2010<br />
carre des marques - Romorantin romorantin-Lanthenay France Unibail-rodamco 218,700 2010<br />
montabaur Fashion Outlet montabaur Germany Stable International development bv 126,840 2010<br />
Roncade Outlet Gallery venice (treviso) Italy Lefim S.p.a. 269,<strong>100</strong> 2010<br />
Pisa Outlet village Pisa Italy Promos SrL 264,250 2010<br />
Ljubjana Outlet village Ljubjana Slovenia Promos SrL 190,260 2010<br />
Freeport Outlet village, Le cannet Le Cannet des marures France Freeport 26,9<strong>100</strong> 2011<br />
designer Outlet taormina Italy mcarthurGlen European dev. Co. Ltd 215,300 na<br />
0 INterNatIONal Outlet JOurNal PiPeline 2008<br />
veneto designer Outlet<br />
total planned phase 1 outlet center GLa: 6,482,554 sf<br />
Source: 2008 Global Outlet Project Directory and developers; please contact Linda Humphers, lhumphers@icsc.org, if we have omitted a planned outlet centre
WiTH THiS in MinD<br />
trade body emerges<br />
for European outlets<br />
by brendon O’Reilly,<br />
Director of GVA Grimley<br />
Outlet Services<br />
the Outlet sector in Europe<br />
is a growing market with an<br />
increasing number of developers,<br />
operators and retailers.<br />
For many reasons, we in the sector<br />
can benefit from having our own trade<br />
body, similar to the one started many<br />
years ago in the U.S., the Developers<br />
of Outlet Centers & <strong>Retail</strong>ers, which<br />
provides the industry with a voice,<br />
gathers information and<br />
helps platform the specific<br />
needs of our industry.<br />
Two years ago I surveyed<br />
the European industry and<br />
found that a large number<br />
of key outlet executives<br />
were keenly interested in<br />
forming and joining just<br />
such a group. To that end,<br />
we’ve gotten the ball rolling<br />
and have already had<br />
the first Outlet Developers<br />
& <strong>Retail</strong>ers Association meetings.<br />
Representatives of 12 companies<br />
attended and made the following<br />
observations:<br />
l <strong>Retail</strong>er involvement and feedback<br />
is necessary before any initiatives<br />
can be launched.<br />
l The word Europe must be part of<br />
the trade name, and meeting locations,<br />
retailers and developers have<br />
to be a true representation of the<br />
2 INterNatIONal Outlet JOurNal PiPeline 2008<br />
European industry.<br />
l There is still a huge lack of awareness<br />
and understanding of the sector<br />
amongst key business areas and<br />
media, but this lack of knowledge<br />
exists within the sector, too<br />
Further to the discussion it was<br />
agreed that a trade body could fulfill<br />
a huge remit, but realistically it<br />
would need to focus on a core set of<br />
needs and then expand as required.<br />
Among the focal points most important<br />
to the group are:<br />
l Generating, collecting and sharing<br />
information for our specific<br />
sector.<br />
l Educating the marketplace<br />
about outlet retailing.<br />
l Building the industry’s<br />
profile by providing a platform<br />
at key events and in<br />
key media.<br />
l Lobbying or working<br />
with authorities on various<br />
industry-related issues.<br />
l Establishing best practices<br />
across the industry.<br />
l Setting up an index across Europe<br />
specifically for the outlet sector rather<br />
than being part of generic retail<br />
figures c<br />
brendon O’Reilly<br />
talk about a deal!<br />
For further details please contact<br />
Nancy Riach, Head of PR for Outlet<br />
Services, GVA Grimley Outlet Services<br />
at +44 7984 176 303 or nancy.riach@<br />
gvagrimley.co.uk<br />
IOJ calendar<br />
<strong>News</strong> Deadline, 10 November,<br />
Winter 2009 IOJ, focusing on<br />
Europe<br />
2008 Mapic<br />
19-21 Nov., Cannes, European<br />
retail real estate meeting<br />
retail Connections 2009<br />
4 February, London, ICSC<br />
leasing and deal making<br />
event<br />
VrN Spring Outlet Conference<br />
26-27 February, Orlando,<br />
ICSC outlet deal making event<br />
2009 reCON<br />
17-20 May, Las Vegas, Global<br />
<strong>Retail</strong> Real Estate Convention<br />
Pipeline advertiser Index<br />
alpenrhein Outlet village .................. 27<br />
batavia Stad Fashion Outlet .............. 17<br />
Europ Invest ...................................... 15<br />
Fashion house Outlet Centre ........... bC<br />
Gva Grimley ........................................ 7<br />
henderson Global Investors ............ IbC<br />
ICSC retail Connections .................... 33<br />
Junction One ...................................... 11<br />
Leipzig Fashion Outlet ....................... 21<br />
mcarthurGlen Group ........................IFC<br />
montabaur Fashion Outlet ................. 19<br />
Outlet Centres International ............. 25<br />
Promos .............................................. 23<br />
riverside Place .................................. 13<br />
value retail ......................................... 9<br />
vrn/IOJ ............................................. 31<br />
vrn directories ................................. 32<br />
While IOJ has made every attempt to make this<br />
index as complete as possible, the accuracy is<br />
not guaranteed<br />
both directories are loaded with up-to-date<br />
contact information for the executives you<br />
need to reach in leasing, marketing,<br />
operations and finance.<br />
the value retail directory is $275 for ICSC members and $325 for<br />
non-members and international subscribers. the Global Outlet Project<br />
directory is $195 for ICSC members and $225 for non-members and<br />
international subscribers. buy them as a set – $415 for ICSC members<br />
and $499 for non-members and international subscribers. add a mailing-label<br />
Cd to your order for just $69.<br />
Place your order today by calling +1 301 362 6902, or download a form<br />
online at www.valueretailnews.com (click on the directories tab, them<br />
click on the “download form” button).
OUTleT PiPeline<br />
henderson Global Investors<br />
and mcarthurGlen bring<br />
designer outlets to berlin<br />
the established B5 11,000-m 2<br />
designer outlet centre located 25<br />
km west of Berlin city centre is<br />
being redeveloped. Owned by Henderson<br />
Global Investors and part of its €1 billion<br />
European Outlet Mall Fund, the new<br />
Designer Outlet for Berlin is managed and<br />
leased by McArthurGlen Group (see related<br />
story on Berlin, page 4). This is a significant<br />
year for the centre, with development<br />
work well underway to expand and redevelop<br />
the entire site into a major 19,000<br />
m 2 outlet destination by 2010.<br />
Henderson acquired the B5 Outlet Centre<br />
in April 2006, four years after it first<br />
opened. The Henderson team looked at<br />
investment and development opportunities<br />
across the site, and the adjoining Demex<br />
site was acquired with a view to extending<br />
and revitalizing the entire complex. Using<br />
the new site, a two-stage development plan<br />
was drawn up, firstly for a new 10,000-m 2<br />
North Village, quickly followed by to the<br />
construction of a new 9,000-m 2 South Village,<br />
replacing the existing Outlet Centre,<br />
and completing the designer outlet project,<br />
and transforming the entire scheme.<br />
Construction on the first North Village<br />
stage started on the site alongside the existing<br />
centre in August, with extraordinary<br />
progress being made. A foundation stone<br />
laying ceremony was held on October 6th,<br />
and the North Village is on target to open<br />
in May 2009 with approximately 40 stores.<br />
During the development of the North<br />
Village, the existing Outlet Centre will<br />
continue to trade with its successful range<br />
of 40 stores, designer brand offers and<br />
amenities.<br />
Once the North Village is open and<br />
trading, work will start on preparing the<br />
existing outlet structure for the construction<br />
of the new South Village, with a<br />
12-month build programme, and circa 50<br />
new stores; 2,250 car parking spaces will<br />
eventually serve the entire scheme.<br />
Henderson and McArthurGlen are<br />
already signing leases with the strongest<br />
retailers in the existing Outlet Centre to<br />
relocate in the new North Village. Eighty<br />
percent of the new retail space in the<br />
4 INterNatIONal Outlet JOurNal PiPeline 2008<br />
the transformed Designer Outlet Berlin will be reminiscent of a traditional German<br />
town with architecture and streetscaping, enticing visitors to spend the day.<br />
North Village has been negotiated or is in<br />
the ‘interest expressed’ stage.<br />
As opposed to the clean lines and bold<br />
architecture of the existing centre, which<br />
opened in 2000, both the new North and<br />
South Villages of the new Designer Outlet<br />
for Berlin will be reminiscent of a more<br />
traditional German town’s architecture<br />
and streetscape. The new scheme will have<br />
more shopper appeal, creating an attractive<br />
place to shop, eat and spend the day. The<br />
combined developments will continue to<br />
offer high-quality designer brand products<br />
from a large selection of retailers, from<br />
sport and fashion up to home textiles and<br />
gift ideas at 30 percent to 70 percent off<br />
the whole year round.<br />
A new Gastronomic area will be<br />
introduced at the point where the two<br />
Villages meet. Designed as an attractive<br />
central boulevard, the catering and leisure<br />
offer links the developments with a series<br />
of new restaurants, cafes and meeting<br />
points. c
6 INterNatIONal Outlet JOurNal SPRinG 2008