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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

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