Outlet Retailing - Value Retail News

COVER STORY 

Global 

Reach 

of Outlet 

Retailing 

Plus: 

IOJ’s 1st European Retail Report 

Global State of the Outlet Industry 

Outlet center performance soars 

MCG’S 

Campaign 

Outlet China jumps into outlets 

Gordon Cousland remembered 

And much, much more…

ALBERTA FERRETTI 

ARMANI 

BALLANTYNE 

BLUMARINE 

BOTTEGA VENETA 

BRIONI 

BROOKS BROTHERS 

BULGARI 

BURBERRY 

COSTUME NATIONAL 

DAMIANI 

DOLCE & GABBANA 

ERMENEGILDO ZEGNA 

ESCADA 

ETRO 

FENDI 

GUCCI 

HUGO BOSS 

JIL SANDER 

JOHN RICHMOND 

KENZO 

LA PERLA 

MARNI 

MISSONI 

MONCLER 

MULBERRY 

PAUL SMITH 

POLO RALPH LAUREN 

PRADA 

ROBERTO CAVALLI 

SERGIO ROSSI 

TAG HEUER 

TRUSSARDI 

VALENTINO 

VERSACE 

joy 

is reaching even 

more consumers 

Our 19 designer outlet villages across Europe offer the world’s 

leading brands to over 75 million customers a year, representing 

the most profitable way to sell excess stock in a stylish environment. 

And our programme of expansion means we have room for more. 

To find out how we can help your business improve cashflow, 

contact Adrian Nelson on +44 (0)20 7535 2300 or 

a.nelson@mcarthurglen.com www.mcarthurglengroup.com

PAGE 4 PAGE 9 

PAGE 18 

STAFF 

International Outlet Journal is a publication for the 

non-U.S. factory outlet industry. Copyright © 2011 

CONTENTS 

Vol. 7 No. 2 Spring 2011 

WIllIAM S. TAubMAN 

ICSC ChaIrman 

MIChAEl P. KERChEVAl 

ICSC PreSIdent and CeO 

RudOlPh E. MIlIAN, SCSM, SCMd 

ICSC SenIOr VP 

ICSC EuROPE 

London, +44 20 7976 3100 

icsc.europe@icsc.org 

ICSC/IOJ 

2519 n. mcmullen Booth rd. 

Suite 510-356 

Clearwater, FL 33761 

+1 727 781 7557 

lINdA huMPhERS 

editor in Chief ext. 3 

lhumphers@icsc.org 

RANdY GdOVIN 

art director ext. 4 

rgdovin@icsc.org 

KAREN KNObElOCh 

advertising Prod. mgr. ext. 2 

kknobeloch@icsc.org 

SAllY STEPhENSON 

Senior advertising executive 

+1 847 835 1617 

Fax: +1 847 835 5196 

sstephenson@icsc.org 

InsIde 

4 - 7 Retail Report: State of the 

European Outlet Industry 

8 - 14 State of the Global Outlet Industry 

8 The Global Snapshot 

9 Largest Outlet Centers in the World 

10 Europe/Middle East Snapshots 

Largest European Outlet Portfolios 

Largest European/Middle East Centers 

12 Asia/Pacific Snapshots 

Largest Asia/Pacific Centers 

14 The Americas Snapshot 

Largest Centers in the Americas 

15 Performance: Neinver, OCI, Resolution 

16 Project Updates: Eastern Europe 

17 Expansions and Leasing Updates 

18 Messancy Transformation; MCG Spring Campaign 

20 Outlet China Ahead of Schedule 

22 Gordon Cousland Dies in Moscow 

Advertiser Index 

Fashion house ..................................... BC 

henderson Global Investors ............... IBC 

mcarthurGlen ......................................IFC 

neinver ................................................. 11 

Value retail ............................................ 5 

european Outlet Conference ................ 13 

reCon Latin america ........................... 19 

Vrn Subscriptions................................ 21 

SPRING 2011 InternatIonal outlet Journal 3

GlObal REPORT 

Europe’s outlet brands 

have unique character 

Ted baker 

Prada 

Calling all brands 

Would you like a free subscription to Value Retail News and IOJ? That’s 

what you’ll get if you list your outlet chain in VRN’s Value Retail Directory. 

For more information, contact Linda Humphers at lhumphers@icsc.org, and 

check out the Value Retail Directory at www.valueretailnews. 

4 InternatIonal outlet Journal SPRING 2011 

by lINdA huMPhERS 

Editor in Chief 

Outlet development around 

the world is full of similarities 

and generalities, such as outlet 

centers’ out-of-town locations, smallish 

footprints, dependence on tourism and 

relatively close number of major developers 

and operators. 

Outlet retailing – the brands that 

tenant the centers around the world – 

is a different story. In the U.S., tracking 

outlet chains is straightforward 

because virtually every retail chain has 

one or two people designated to handle 

leasing and real estate. And many 

U.S. chains, especially the major ones, 

have stand-alone outlet divisions. 

(Continued on page 6) 

15 Largest European 

Outlet Chains 

(30 stores or more ) 

TENANT NAME NO. OF 

STORES 

nike/nike Kids 79 

Levi’s/docker’s 67 

Puma 58 

reebok/rockport 56 

Calvin 53 

adidas 50 

Lee Wrangler 48 

mexx 38 

Clarks 36 

home & Cook 34 

Samsonite 33 

Benetton 32 

mango 31 

timberland 31 

tommy hilfiger/denim 31 

Total number of stores 677 

Source: 2010-2011VRN Global Outlet Directory

ARMANI, DIOR, GUCCI, BURBERRY, SALVATORE FERRAGAMO, CELINE, DOLCE & GABBANA, CALVIN KLEIN COLLECTION, TOD’S, BVLGARI 

JIMMY CHOO, MARNI, HUGO BOSS, MAX MARA, LORO PIANA, POLO RALPH LAUREN, PAUL SMITH, GIVENCHY, ALEXANDER MCQUEEN 

LA PERLA, MULBERRY, SMYTHSON, VALENTINO, MONCLER, KENZO, LOEWE, CAROLINA HERRERA, DKNY, ERMENEGILDO ZEGNA 

TEMPERLEY LONDON, DIANE VON FURSTENBERG, FAÇONNABLE, MATTHEW WILLIAMSON AND MANY MORE LEADING BRANDS HAVE 

CHOSEN EUROPE’S EXCLUSIVE OUTLET DESTINATIONS, THE CHIC OUTLET SHOPPING ® VILLAGES OPERATED BY VALUE RETAIL 

BICESTER VILLAGE LONDON | LA VALLÉE VILLAGE PARIS | LAS ROZAS VILLAGE MADRID | LA ROCA VILLAGE BARCELONA | FIDENZA VILLAGE MILAN/BOLOGNA 

MAASMECHELEN VILLAGE BRUSSELS/ANTWERP/DÜSSELDORF | WERTHEIM VILLAGE FRANKFURT | INGOLSTADT VILLAGE MUNICH | KILDARE VILLAGE DUBLIN 

19 BERKELEY STREET, LONDON, W1J 8ED, ENGLAND TEL: +44 (0)1869 323 757 WWW.VALUERETAIL.COM 

© VALUE RETAIL PLC 2010 09/10

GlObal REPORT 

In Europe, though, outlet retailing is 

fragmented. 

There is often brand licensee involvement 

– sometimes more than one 

licensee in each country – as well as 

company-owned stores. There are many 

domestic, regional and local brands that 

open just one store, and those brands 

tend to have a high level of wariness 

regarding all outlet stores. 

The early days of outlet retailing in the 

U.S. saw these same traits, though the 

fear factor wasn’t as pronounced, and 

today there are still ultra-sensitive chains, 

but very few. 

Thus, since 1982 VRN has been able 

Armani 

Adidas 

Aeropostale 

Aerosoles 

Aldo 

Allen-Edmonds 

Ann Taylor 

Anne Fontaine 

Anne Klein 

Baccarat/Lalique 

Bally 

Banana Republic 

BCBG MaxAzria 

Benetton 

Billabong 

Black & Decker 

Bogner 

Bose Retail 

Brooks Brothers 

Burberry 

Calvin Klein 

Carter’s 

Champion 

Children’s Place 

Claire’s/Icing 

Clarks 

Coach 

Columbia Sportswear 

Converse 

Cosmetics Company 

Crabtree & Evelyn 

Crocs 

Diesel 

Disney 

DKNY 


to produce a Value Retail Directory that 

includes approximately 500 U.S. value 

and outlet chains that primarily tenant 

outlet centers. Part of the directory’s 

appeal, we know, is that each chain listed 

in the directory gets a free subscription 

to VRN and IOJ. But more importantly, 

we are able to track leasing, marketing 

and operations contacts; the number of 

outlet stores the brand operates; outlet 

store locations, expansion plans, merchandise 

categories, discounts, average 

rents paid, average sales per square foot 

and site requirements. 

Not every chain provides or permits 

VRN to publish all the information, 

Crossing the pond 

104 brands operate outlet stores in both the U.S. and europe 

Dockers 

ECCO 

Ecko Unltd 

Ed Hardy 

Escada 

Etro 

Faconnable 

Famous Footwear 

Florsheim 

Fossil 

French Connection 

Furla 

Gap 

Gloria Jean’s 

GNC 

Gucci 

Guess? 

Haggar 

Helly Hansen 

Hugo Boss 

Hurley 

Hush Puppies 

Jockey 

Jones New York 

Juicy Couture 

Kenneth Cole 

La Perla 

Lacoste 

Le Creuset 

Levi’s 

Lindt Chocolate 

Liz Claiborne 

Lucky Brand Jeans 

Marc Ecko 

Marmi Shoe Rack 

especially for sales and rent, but having 

the data for use in aggregate reports 

helps the entire industry see progress 

and trends. 

Of course VRN wants to track outlet 

chains around the world in the same way 

we track them in the U.S. Since that option 

isn’t yet available, we have turned to 

our Global Outlet Project Directory, which 

includes the tenant lists for 132 European 

outlet centers. From that database 

we have been able to come up with a 

European brand report that we hope 

will open the door to further information 

sharing – and free subscriptions for 

contributing brands. ` 

Michael Kors 

Naturalizer 

Nautica 

New Balance 

Nike 

Nine West 

North Face 

Oakley Vault 

Orvis 

OshKosh B’Gosh 

Payless ShoeSource 

Polo Ralph Lauren 

PUMA 

Quiksilver 

Reebok 

Rockport 

Greg Norman 

Salvatore Ferragamo 

Samsonite 

Seiko 

Skechers 

Ski Market 

Sony 

Sweet 

Timberland 

Time Watch 

Tommy Hilfiger 

TSE Cashmere 

Van Heusen 

Vans 

Versace 

VF 

Villeroy & Boch 

Waterford Wedgwood 

Zegna 

Source: 2010 Value Retail Directory/2010-2011 Global Outlet Project Directory

Nike Factory Store 

Comparison of outlet chains in Europe and the U.S. 

STATISTIC EuROPE u.S.* 

number of outlet centers 132 179 

number of outlet chains 2,736 304 

number of outlet stores 7,905 12,994 

number of chains operating one store 1,630 20 

number of chains operating more than one outlet concept not available 53 

number of chains operating 30 stores or more 5 chains 119 operate 

operate 677 stores 11,227 stores 

average chain size 3 43 

average store size not available 4,135 sf 

average rent not available $25.35 psf 

average sales psf not available $331 psf 

average discount off full price not available 38 percent 

* See the full U.S. Outlet retail report in the march 2011 Value retail news 

Source: 2010 Value Retail Directory/2010-2011 Global Outlet Project Directory 


GlObal REPORT 

The global reach 

of outlet retailing 

Neinver’s Vicolungo The Style Outlets, Milan 

The Global Snapshot 

l Number of outlet centers: 355 

l Total Outlet Center GlA: 109.4 million sf 

l Average Outlet Center GlA: 307,887 sf 

l Average Outlet Center Age: 11 years 

l Number of outlet center openings in 2010: 5 centers totaling 1,131,490 sf 

l Planned Phase 1 new construction through 2013: 83 planned centers 

totaling 30.6 million sf 

l Ownership: 137 developers own 355 outlet centers 

l Outlet Portfolios: 15 developers have outlet portfolios of more than 

1 million sf; those developers own a total of 188 centers totaling 73,482,736 

million sf 


The outlet industry 

gains status and 

stability as centers 

open worldwide. 

by linda humphers 


Twenty-five years ago outlet 

retailing was often dismissed as a 

short-lived enterprise that would 

soon burn out. The experience in the 

U.S., especially in the last three years, has 

proven that theory untrue, and traditional 

developers who once scoffed at the sector 

are now seeking to join it. 

The sector is also flourishing 

throughout Europe and in Japan, 

thanks to the vision of early developers 

and brands, as well as the financial 

commitment from fund operators and 

investors, and it is now being embraced 

throughout Asia, Latin America and 

Russia. Who knows – we might one 

day see outlet centers on Mars. 

Using data gathered for the 2010- 

2011 Global Outlet Project Directory, 

the editors of VRN/IOJ have determined 

the scope of this relatively young 

industry. 

Worldwide, there are 355 outlet centers 

totaling 109.4 million sf. They are, 

on average, just 11 years old. 

We know the sector is a miniscule 

portion of the overall retail real estate 

picture (in the U.S., out of 105,000 

shopping centers, only 179 are outlet 

centers), but its importance belies those 

numbers. 

(continued on page 12)

Value Retail’s Fidenza Village, Milan 

Largest Global Outlet Center Portfolios (more than 1 million sf) 

dEVElOPER GlA NO. OF CENTERS lOCATION 

Simon Property Group, including: 39,764,452 87 Global 

Premium Outlet Centers 26,279,452 70 U.S. 

mills Corp. 10,836,000 7 U.S. 

Chelsea Japan 2,649,000 8 Japan 

Shinsegae Chelsea 415,000 1 Korea 

Premium Outlets de mexico 232,000 1 mexico 

tanger Factory Outlet Centers 10,285,550 33 U.S. 

Craig realty Group 3,006,919 10 U.S. 

henderson Global Investors 2,846,600 11 europe 

austexx 2,632,700 8 australia 

neinver 2,424,200 11 europe 

Value retail 1,790,600 9 europe 

horizon Group Properties 1,461,940 5 U.S. 

Walton Brown 1,399,000 1 China 

taubman Centers 1,360,000 1 U.S. 

Fashion district 1,324,000 3 Italy 

Freeport 1,211,000 3 europe 

Ivanhoe Cambridge 1,168,775 2 Canada 

morgan Stanley 1,100,000 1 U.S. 

aWe talisman 1,060,000 3 U.S. 

73,482,736188 

Source: 2010-2011 Global Outlet Project Directory 


GlObal REPORT 

(Continued from page 9) 

Europe/Middle East 

Snapshot 


108 in Europe 

13 in Central and Eastern Europe 

11 in Greece, Turkey, Dubai 


Europe: 23.0 million sf 

CEE: 2.4 million sf 

Greece, Turkey, Dubai: 3.8 million sf 


l Average Outlet Center Age: 9 years old 

l Ownership: 62 developers own 132 

outlet centers 

Henderson Global Investors and Neinver have the largest European outlet 

portfolios. Henderson owns 11 outlet centers totaling 2.9 million sf; Neinver 

owns 11 outlet centers totaling 2.4 million sf 

l Operators: In Europe, centers often have an operator who isn’t the owner. 

Two operators – McArthurGlen Development and Fashion House Development 

– are the largest non-owner operators of outlet centers in Europe. 

McArthurGlen has developed 19 centers totaling more than 4.7 million 

sf, and has sold 11 to Henderson Global Investors, three to Aviva Investors, 

one to Resolution Property, retains ownership of four centers, and continues 

to operate all of them. 

Fashion house Group, has developed eight centers totaling 1,514,407 

sf. With Liebrecht & Wood, the company developed four Fashion House 

centers, of which three were acquired by AIB Polonia II Property Fund; 

the company has also worked with K&K Engineering, TK Developments, 

LMS Outlets, Miller Developments and the Aviva CE Fund on four other 

centers, and continues to operate them all. 

l European phase 1 openings in 2010: 3 totaling 462,500 sf 

Sicilia Fashion Village, Italy, Gruppo Percassi, 269,100 sf 

Riverside Place, England, Kendal Riverside/Junction One, 75,000 sf 

Norwegian Outlet, Norway, Norwegian Outlet, 118,400 sf 

l Planned Phase 1 through 2013: 28 phase 1 centers totaling 8.9 million 

sf; another 12 planned phase 1 centers totaling 2.6 million sf haven’t 

scheduled opening dates 

Largest European/Middle East Outlet Centers 

(larger than 400,000 sf) 

CENTER CITY COuNTRY dEVElOPER OPENING TYPE GlA 

Freeport Outlet Alcochete Lisbon (alcochete) Portugal Freeport 2004 m 807,300 

dubai Outlet Mall dubai Uae* al ahli holding Group 2007 m 750,000 

Via Port Outlet Shopping Istanbul turkey Bayraktar Insaat a.S. 2008 V 688,900 

Optimum Goztepe Outlet Center Istanbul turkey renaissance Construction 2008 m 493,000 

Fashion district Valmontone Outlet rome Italy Fashion district Group 2003 V 484,400 

Outlet City Metzingen Stuttgart (metzingen) Germany holy aG 1975 n/a 484,375 

Optimum Outlet Center Ankara ankara turkey Volga dis 2004 m 457,500 

Fashion district Molfetta Outlet Bari Italy Fashion district Group 2005 V 430,600 

Fashion district Mantova Outlet mantova (Bagnolo San Vito) Italy Fashion district Group 2003 V 409,000 

Serravalle designer Outlet milan (Serravalle Scrivia) Italy henderson Global Investors 2000 V 402,000 

designer Outlet Parndorf Vienna (Parndorf) austria henderson Global Investors 1998 V 401,500 

*United Arab Emirates Source: 2010-2011 VRN Global Outlet Project Directory 


Largest European Outlet Center Portfolios 

(more than 1 million sf) 

Owner No. of centers GlA in SF 

henderson Global Investors 11 2,846,600 

neInVer S.a. 11 2,424,200 

Value retail PLC 9 1,790,600 

Concepts & distribution 8 1,338,730 

Fashion district Group 3 1,324,000 

Freeport 3 1,211,000 

6 owners 45 centers 10,935,130 

Source: 2010-2011 VRN Global Outlet Project Directory 

Neinver’s Castel Guelfo 

The Style Outlets, bologna

We look after the brands as if they were our own. 

All the brands have their own interest but just one joins them all: selling. 

That’s why 700 of the world’s best brands put their trust in NEINVER. 

Because we are the second largest outlet operator in Europe, managing more than 

230,000 sq.m. GLA and over 1,000 stores. Because we manage 11 outlet centers in Spain, 

Italy, Poland, Portugal and Germany and 6 more about to be opened. 

And above all, because we make a commitment to our retailers to support them with 

all our experience. We recognize that the success of a brand is also ours. 

This is what has made us leaders. 

OUTLETS WITH 

THEIR OWN STYLE

GlObal REPORT 

Shinsegae Chelsea’s Yeoju Premium Outlets, Seoul, S. Korea 


The fact is, outlet retailing is a distribution 

channel for brands that allows 

them to diversify their risks, test new 

products, liquidate excess goods and 

become more profitable. 

Although brands have operated their 

own outlet stores near their factories for 

many decades, it wasn’t until purposebuilt 

outlet centers came along – in the 

1970s in the U.S. and in the 1980s in 

Europe – that the distribution channel 

found stability and a comfort zone. 

Outlet centers provide brands with an 

environment that the consumer can 

trust and enjoy visiting, and outlet-center 

marketers are brilliant at attracting 

(Continued on page 14) 


Asia/Pacific Snapshot 

l Number of outlet centers: 31 centers 

19 centers in Australia and New Zealand 

12 centers in China, Japan and Korea, not including 8 to 10 outlet centers 

operated by Mitsui due to lack of data 


5 million sf in Australia and New Zealand 

5.3 million sf in China, Japan and Korea 


l Average Outlet Center Age: 8 years old 


l Portfolios: 2 developers – Austexx Property and Chelsea Japan – each 

own 8 outlet centers and have outlet portfolios of more than 2.6 million sf 

in Asia/Pacific 

l Phase 1 openings in 2010: none 

l Planned Phase 1 new construction through 2013: 18 (13 in China/2 in 

Australia/2 in Korea/1 in Malaysia) totaling 10.2 million sf 

10 Largest Asia/Pacific Outlet Centers 

CENTER NAME CITY COuNTRY dEVElOPER OPENEd GlA 

Shanghai Outlets Shanghai China (PrC) Walton Brown Group 2006 1,399,000 

harbour Town Gold Coast Brisbane (Gold Coast) australia the Lewis Land Group 1999 640,000 

of Companies 

direct Factory Outlets Canberra Canberra (aCt) australia austexx Pty Ltd. 2008 619,200 

Kobe-Sanda Premium Outlets Kobe-Osaba Japan Chelsea Japan Co., Ltd. 2007 536,000 

FoxTown Factory Outlets Shanghai Shanghai China (PrC) Studio Silvio tarchini 2006 528,500 

Gotemba Premium Outlets Gotemba Japan Chelsea Japan Co., Ltd. 2000 480,000 

harbour Town at Waterfront City melbourne australia InG real estate development 2008 441,300 

australia Pty. Ltd. 

Yeoju Premium Outlets Yeoju (Seoul) Korea (South) Shinsegae Chelsea 2007 415,000 

Sano Premium Outlets Sano Japan Chelsea Japan Co., Ltd. 2003 390,000 

direct Factory Outlets South Wharf melbourne australia austexx Pty Ltd. 2002 383,100 

TOTAlS 5,832,100 SF 

Source: VRN Global Outlet Project Directory

“ Excellent, 

best conference 

yet - great to 

concentrate on 

operations!” 

Anna Jones 

Head of Retail 

Development, 

GVA Outlets 

ICSC European Partners 

ICSC European Outlet 

Conference 2011 

12-13 October 2011 

Milan, Italy 

Outlet Retailing: 

Reaping the Rewards 

• Exclusive Outlet Industry Research 

•Outlet Chains Reveal Expansion Plans 

•Hot, Chic, Today - Top Outlet Marketers Talk 

•Evolving World of New Outlet Development 

•Europe’s First Outlet-Only Deal Making Event 

Also featuring: 

ICSC Outlet Centre Tour to 

Franciacorta Outlet Village 

12 October 2011 

Retailers and 

tenants go 

FREE! 

TO REGISTER VISIT WWW.ICSC.ORG/2011EOS OR CALL +44 20 7976 3102

GlObal REPORT 


shoppers on a slim budget. Outlet centers 

and outlet brands give each other credibility, 

ensuring that the sector has a long 

future. 

On the following pages are snapshots 

of the outlet industry’s progress around 

the world. If you would like to comment 

on the data or ask any questions, please 

contact me at lhumphers@icsc.org. ` 

The Americas 

Snapshot 


179 in the U.S. 

9 in Canada 

4 in Latin America 


67.5 million in the U.S. 

1.6 million in Canada 

692,000 sf in Latin America 

l Average Outlet Center GlA: 376,951 sf in the U.S./181,787 sf in 

Canada/173,000 in Latin America 

l Average Outlet Center Age: 17 years 


l Portfolios: 3 developers – Simon’s Premium Outlets, Simon’s Mills Corp., 

and Tanger Factory Outlet Centers – have outlet portfolios of more than 10 million 

sf; those 3 developers own a total of 110 centers totaling 47.4 million sf 

l Number of outlet center openings in 2010: 2 in the U.S totaling 668,990 sf 

l Planned Phase 1 new construction through 2013: 37 (not including 10 

to 15 centers planned in Canada by Tanger Factory Outlet Centers and 

RioCan) totaling 3.5 million to 5.3 million sf 

l Planned conversions of traditional shopping centers to outlet ten- 

ancy through 2013: 10 centers 

l Planned expansions to existing outlet centers through 2012: 18 

expansions totaling 3.9 million sf 

Largest Outlet Centers in the Americas 

(non-anchored projects 600,000 sf and larger) 

CENTER CITY STATE GlA dEVElOPER OPENEd 

Woodbury Common Premium Outlets Central Valley nY 845,000 Premium Outlets/Simon 1985 

Orlando Premium Outlets - International drive Orlando FL 775,297 Premium Outlets/Simon 1981 

San Marcos Premium Outlets San marcos tX 748,237 Premium Outlets/Simon 1990 

VF Outlet Center reading Pa 734,000 VF Outlet 1970 

Tanger Outlet Center riverhead nY 729,475 tanger Factory Outlet Centers 1994 

birch Run Premium Outlets Birch run mI 689,232 Premium Outlets/Simon 1986 

Camarillo Premium Outlets Camarillo Ca 674,000 Premium Outlets/Simon 1995 

Atlantic City Outlets, The Walk atlantic City nJ 670,000 Cordish Company 2003 

Tanger Outlets at the Arches deer Park nY 653,780 tanger Factory Outlet Centers 2008 

Wrentham Village Premium Outlets Wrentham ma 616,000 Premium Outlets/Simon 1997 

Miromar Outlets, Southwest Florida estero FL 605,537 miromar development Corporation 1998 

Source: 2010-2011 VRN Global Outlet Project Directory 


Tanger’s Tanger Outlets at the Arches, New York 

unico’s unico barranquilla, Colombia

Neinver’s sales, footfall soar 

NEINVER the second largest outlet 

center developer in Europe with 11 

centers in six countries, released impressive 

numbers in its 2010 earnings 

report, which was released in February. 

Portfolio-wide highlights include an 8 

percent increase in sales for the year and 

a 7 percent increase in footfall 2010. 

Additionally, the 30 million people who 

visited Neinver centers in 2010 visited 

as often as eight to 10 times, and the 

developer says more than 75 percent of 

them made a purchase. 

“For another year running our outlet 

centers show positive results that demonstrate 

the evolution of this business 

model,” says Manuel Lagares, Neinver 

CEO. “Our outlet centers deliver a 

unique shopping experience with value 

for money. These positive indicators 

strengthen our position in our existing 

markets and encourage us to enter new 

New tenants push 

Wolfsburg sales 

OuTlET CENTRES International’s 

Designer Outlets Wolfsburg in Germany 

looked back on a successful fiscal 

year 2010. The center achieved a 32 percent 

increase in turnover despite 2010 

having eight fewer Sunday openings 

than in 2009. And even with the fewer 

Sunday openings in 2010, the center still 

saw 1.4 million shoppers, who managed 

to spend 32 percent more per transaction 

than they did in 2009. 

“Our 2010 achievements came from 

many important factors,” says Regina 

Leitner, operations director for OCI. 

“The opening of renowned brands such 

as Adidas, Basler, Bugatti Shoes & Accessories, 

Escada, Mac and Olsen was 

positive for us both quantitatively and 

qualitatively, and our focus on optimizing 

womenswear has made the center 

even more attractive for our female 

customers.” 

Another factor in the 10,000-m2 

center’s success comes from its strong 

efforts to work closely with the retail 

community in Wolfsburg. The approach 

is paying off: A joint shopping 

guide for the city of Wolfsburg is now 

markets.” 

Neinver currently manages 230,000 

m2 of outlet space and plans to develop 

seven new projects totaling more than 

166,800 m2 in the next two years. 

Other highlights 

from Neinver: 

n A 36 percent increase in total sales 

and a 29 percent increase in total footfall 

at the 28,750-m2 Vila do 

Conde The Style Outlets in Portugal; 

the big jumps were due in part to an 

expansion that opened in December 

2009. Neinver’s 21,800-m2 Algarve The 

Style Outlets is set to open by the end 

of 2012. 

n Visits to Neinver’s Italian centers, 

Vicolungo The Style Outlets and Castel 

Guelfo The Style Outlets, rose by 12 

calling the outlet center a “shopping 

destination,” for the region 

and the country. 

According to Stephan Schäfer, 

OCI managing director, the center 

is 99 percent occupied and will 

begin construction of its second 

phase this year. “We have already 

started pre-letting the expansion 

and are very happy with the current 

status,” Schäfer says. ` 

Park Avenue 

posts 3rd Q. 

sales gain 

RESOluTION Property’s Park 

Avenue in Bilbao, Spain is continuing 

to perform strongly, posting 

a 10 percent increase in sales 

for the third quarter of 2010. 

Michel Nangia, senior manager 

at Resolution Property, said the 

center’s solid leasing program is an 

indication of its potential. “Lettings 

on the scale that we enjoyed 

this year indicates that stability is 

returning to the market. We believe 

our proactive, hands-on asset 

management has established the 

center as a location where brands 

want to trade.” ` 

lOVE ThAT luxE 

PERFORMaNCE 

percent in 2010; the centers’ 6 million 

customers spent 18 percent more than 

they did in 2009. 

n Neinver’s four centers in Spain 

recorded 12 million visitors in 2010, 

which is 2 percent higher than the 

previous year, and a 6 percent increase 

in comparable sales. Occupancy in the 

four centers is 98 percent. Neinver’s 

fifth center in Spain will open in spring 

2012 with 12,800 m2. 

n In Germany, Zweibrücken The 

Style Outlets saw sales increase by 8 

percent and visitor numbers grow by 7 

percent to 3 million. 

n The three centers in Poland posted 

sales increases of 5 percent and visitor 

numbers were up by 2 percent. 

Neinver plans to develop two new 

outlet centers in Poland, one on the 

outskirts of Krakow and the other in 

Annopol near Warsaw. ` 

Europe and Asia blew the u.S. out 

of the water when Amy Chan, director 

of marketing for Kiwi Collection, 

the world’s largest luxury 

hotel reviewer, named her favorite 

outlet shopping spots for the huffington 

Post. The list leaves little 

doubt that the lady likes her luxe: 

1. Value Retail’s bicester Village 

– England 

2. Studio Silvio Tarchini’s FoxTown 

Outlets, Mendrisio – Switzerland 

3. Simon Property Group’s Gotemba 

Premium Outlets – Japan 

4. Jeremy’s Department Store 

– San Francisco 

5. Joyce Warehouse Outlet 

– Hong Kong 

6. Value Retail’s la Vallee Village 

– France 

7. The Mall Outlet (Incisa Val D’arno) 

– Italy 

8. The “Space” Prada Outlet – Italy 

9. Simon Property Group’s Yeoju 

Premium Outlets – Korea 

10. Simon Property Group’s 

Woodbury Common Premium Outlets 

– New York 


EaSTERN EuROPE 

Fashion house reports on leasing progress 

Fashion house Group reports 

that leasing on its projects in Moscow 

and Belgrade are going well. 

As of late February: 

n Fashion House Outlet Centre Belgrade 

is 40 percent preleased in anticipation 

of the grand opening in September. 

Brands signed to tenant the project’s 

15,000-m2 phase 1 include Adidas, Replay, 

Miss Sixty, Timberland and Bata. Upon 

completion of the project’s two phases, 

the center will total 30,000 m2 and 110 

tenants. The first outlet center in Serbia, 

Fashion House Outlet Centre Belgrade 

will also include 2,000 parking spaces, a 

range of coffee bars and restaurants and a 

play area for children. The retail park will 

also be home to a non-competitive big-box 

area, an office park and a hotel, all in a village 

setting. The €30 million center’s site 

is between Belgrade and Novi Sad within 

Retail Park Indjija. The site on the E75 has 

an average of 40,000 vehicles passing daily. 

The catchment within a 30-minute drive is 

more than 3.5 million, representing more 

than 50 percent of Serbia’s total purchasing 

power. 

n In Russia, the 15,833-m2 phase 1 of 

Fashion House Outlet Centre Moscow was 

64 percent preleased. Ground works on 

phase 1 will be completed this spring, with 

the opening of the center scheduled for 

November. The Moscow site is northwest 

of Sheremetyvo International Airport 

on the main highway to St. Petersburg. 

The scheme is within 45 minutes of the 

center of Moscow and has a catchment 

of 13.4 million within a 90 minute drive. 

When completed, the project will comprise 

29,000 m2 and 192 tenants, a food court, 

cafes, nearly 2,000 parking spaces and a 

children’s play area. 

FHG is vying with hines International 

to claim the “first outlet center in 

Russia” title. 

Hines International Real Estate says 

it will open Outlet Village Belaya Dacha 

in Moscow in September. Outlet Village 

Belaya Dacha is scheduled to open in 

September 2011 in the Moscow area town 

of Kotelniki, southeast of Moscow and 

four km from the MKAD ring road. A 

joint venture of Hines and Belaya Dacha 

Group, the €120 million, 38,000-m2 

project is more than 75 percent pre-leased; 

signed brands include Bebe, Burberry, Calvin 

Klein, Chevignon, Escada, Furla, Gant, 

Lacoste, Levi’s, Mexx, Naf Naf, Salvatore 

Ferragamo, Timberland and Trussardi. ` 


P. Max will open 

at d1 site near 

bratislava 

The big news for IPEC Group’s 

D1 Outlet Bratislava is that P. 

Max, Austria’s largest furniture 

company will tenant the outlet project’s 

5,000-m2 outparcel. The store, which will 

be P. Max’s first in Slovakia, will open in 

Freeport joins 

Realiz in Slovakia’s 

One Fashion Outlet 

European outlet-center developer 

Freeport has been retained to handle 

operations for Realiz Development’s One 

Fashion Outlet in Slovakia. Freeport, 

which has been developing outlet centers 

since 1994, currently operates projects in 

the Czech Republic, Sweden and Portugal, 

and is a joint-venture partner on a slate of 

planned outlet schemes under development 

in China (see page 20 for further 

details). 

Construction of the Slovakian project 

August. The 45-year-old P. Max chain – 

which operates 33 stores in Austria and 

one in the Czech Republic – specializes 

in made-to-measure furniture for every 

room in the home. 

IPEC Group is developing the €35 

million D1 Outlet Bratislava, which 

will be built in three 8,500-m2 phases. 

Construction began in November 2010, 

with the opening planned for autumn. 

The project’s site is on the D1 highway 20 

kilometers form Bratislava city center.. ` 

began in late 2010, with space scheduled 

to turn over to tenants this summer. 

The grand opening is planned for spring 

2012. 

To be built in three phases, the €75 

million project will include 100 retail and 

restaurant tenants when completed. The 

16,000-m2 first phase will open with 60 

tenants. 

Leasing is being handled by Rohleder 

Lumby and SJ International. 

The project is on the D1 Highway 

in Volerady, which is 37 km from the 

capital city of Bratislava. One Fashion 

Outlet’s catchment includes the 4.3 

million people from Slovakia, the Czech 

Republic, Austria and Hungary who live 

within a 90-minute drive. `

Nike Outlet joins 

Freeport Talke 

after make-over 

Retail property asset 

manager Realm has announced 

a package of 

remodeling and improvements 

at Freeport Talke outlet centre 

in Stoke-on-Trent, England. 

The developer has spent 

€2.3 million redeveloping the 

145,000-sf center by splitting 

up the 25,000-sf supermarket 

that once anchored one end 

of the center. Nike Outlet 

opened an 8,500-sf store in 

March in the remodeled space. 

Five more units are also available 

in the remaining 16,500 sf, including 

one big enough for another anchor tenant. 

Realm is in discussion with several 

retailers to take this space at the center. 

As part of this redevelopment, all the 

signage at the center has been replaced 

with new branding. A new TV campaign 

was launched in February to promote 

the 12-year-old center to a wider catchment. 

Tenants at Freeport Talke include 

Marks & Spencer, Gap and Famous 

Footwear. 

SCC Vendome to 

bring luxury to 

Nailloux Scheme 

SCC Vendôme, developer of more than 

2.3 million m2 of retail space in Europe, 

has joined forces with Advantail to 

develop, market and lease Corio Group’s 

planned Nailloux Fashion Village. SCCV 

is expected to bring in the luxury tenants 

DEVElOPMENT NOTES 

Nearly three years after the opening of Designer Outlets Wolfsburg, Outlet Centres International in November 2010 received 

the construction permit for the center’s two-phase expansion. Each planned expansion will represent a € 25 million investment 

and each will add 25 new stores to the center, bringing it to 100 shops covering 17,000 m2. With phase 2 more than 60 percent 

leased, the first expansion is scheduled to open by spring. 

that the company has worked with in the 

full-price sector. Those brands include 

Ralph Lauren, Armani, Bulgari, Burberry, 

Gucci Group, Richemont and LVMH. 

The 331,000-sf center, expected to 

Freeport’s Freeport Talke, England 

open this summer as the first outlet 

center in the South of France, is 20 

minutes from the Toulouse bypass 

at A61 and A66. The Midi-Pyrenees 

region draws more than 18 million visitors 

a year, and Toulouse has more than 

1.2 million residents; 22.4 million live 

within a 90-minute drive of the site. 

The project is SCCV’s first outletcenter 

venture, though it has long worked 

with such silent partners as Hammerson, 

Generali, SFL, Carlyle Group and Risanamento. 

Says Franck Valet, director of 

SCCV. 

“We decided to get involved with 

Nailloux Fashion Village because it is a 

strong, ambitious and innovative project,” 

Valet says. “In our opinion, it has 

all the keys that brands need for success, 

especially for those used to high street 

locations. It has excellent access and 

visibility, modern architecture, a vast customer 

catchment area, important tourist 

flows, and an incredibly beautiful natural 

setting.” 

leasing Activities 

n Adidas opened at Realm’s Freeport 

braintree in Essex, England 

on February 19. The store will offer 

two of the brand’s top ranges 

– Adidas Sport Performance 

and Sport Style. Other sports 

and outdoor tenants in the 

center include barbour, 

billabong, Mountain 

Warehouse, Nike, Reebok, 

Regatta and Trespass. 

n Global sportswear brand 

Nike opened its first outlet 

store in the Basque country 

on December 16, 2010 at 

Park Avenue Fashion 

Outlet. The new store, with 

a sales area of 6,350 sf (590 m2) follows 

hot on the heels of El Caballo, 

a traditional fashion brand, which is 

already reporting strong sales figures. 

Additional recent lettings include Nautica, 

blue Rise and Nam. Resolution 

Property’s four-year-old center 

in bilbao, Spain is more than 90 

percent occupied. 

n Two new stores have opened at ES 

Mirall development’s Festival 

Park Mallorca. Marvelis, a German 

menswear brand known for its Olymp 

shirt, is present in 40 countries but it is 

only the second German outlet tenant 

in Spain (the other is lloyd Shoes). 

Tioccha is a well-known Portuguese 

childrenswear label with stores in Switzerland, 

Portugal and the UK. Other 

tenants at the nine-year-old center, 

which draws 4 million visitors a year, 

include Mango, Miss Sixty, levi’s, 

Quiksilver, diesel, Camper and 

Jaime Mascarò. ` 


DEVElOPMENT NOTES 

MCG Transforms Messancy FOC 

McArthurGlen 

designer Outlet 

luxembourg 

will officially unveil its 

new look in April to the 

6 million consumers who 

live within its 90-minute 

catchment. 

The center, which 

originally opened as Factory 

Shopping Messancy 

in 2003, was acquired 

by McArthurGlen and 

Henderson Global Investors’ 

European Outlet 

Mall Fund in 2008. The 

JV then embarked on a 

complete refurbishment, which in turn 

has attracted a range of new brands to 

the 16,500-m2 project. 

McArthurGlen Luxembourg is 30 

minutes’ drive from the center of the 

city of Luxembourg. It sits in the heart 

of the Greater Region of Luxembourg, 

which stretches into Belgium, Germany 

and France, and attracts nearly 3 million 

tourists a year. 

New brands opening this spring at 

McArthurGlen Luxembourg, enticed by 

Exclusive first look 

at McArthurGlen’s new 

spring campaign 

For the first time in its 15-year 

history, McArthurGlen is launching 

a pan-European TV campaign 

that will air in six markets. 

The debut screening is planned 

for Italy in late March, before being 

rolled out in the UK, Belgium, France 

and Luxembourg in April, and finally, 

Greece, in May. 

The launch is strategically timed to 

support key McArthurGlen developments 

in each market. 

For Italy and the UK, the campaign 

will be used to promote spring marketing 

activity, while for Greece, Luxembourg, 

Belgium and France the timing 

will heighten awareness of the opening 

of McArthurGlen Designer Outlet 

Athens and the new look of McArthur- 

Glen Designer Outlet Luxembourg, 

respectively. 


henderson’s designer Outlet luxembourg, belgium 

the center’s enhanced shopping environment, 

include Best Mountain, Guess 

and Sunglass Time. They join existing 

brands that include Billabong, Kipling, 

Lee Wrangler, Levi’s, Miss Sixty, Morgan, 

Nike Factory Store, Pepe Jeans, 

Reebok, Replay and Tommy Hilfiger. 

Eric Decouvelaere, McArthurGlen’s 

managing director for Southern Europe, 

says the refurbishment is already 

paying off. “With the opening of new 

brands and increased sales we’re seeing 

the benefits of enhancing the overall 

Alongside with the 

TV spots, McArthurGlen 

is rolling 

out a supportive 

print campaign in 

national, regional 

and glossy publications, 

as well as 

on billboards and 

motor coaches in 

each region. 

The move 

comes after McArthurGlen 

successfully launched a 

revised brand campaign in 2009, following 

the appointment of marketing 

director Shaeren McKenzie. 

Because of her background in 

fashion retail, McKenzie has been keen 

to promote McArthurGlen’s brand credentials 

in its corporate and consumer 

shopping environment. 

The new look and feel 

of the center will attract 

affluent customers 

from across the Grand 

Region of Luxembourg. 

These are customers 

with a strong designer 

brand sense and an 

expectation of excellent 

service, which is exactly 

what we are providing.” 

David Williams, 

fund manager of the 

European Outlet Mall 

Fund at Henderson, 

expressed confidence 

the redevelopment will radically improve 

the brand offer and customer 

experience as well as increase shopping 

time and spend at the center. “And that 

maximizes returns for our investors.” 

The refurbishment focused on improving 

the quality of the amenities, the 

design and feel of the center and introducing 

a local flavor with the upgrading 

of the architectural style and fittings, 

as well as improving the quality of the 

store units. ` 

marketing. 

The new campaign 

will continue to promote 

McArthurGlen’s 

key themes of Anticipation, 

Temptation, Desire 

and Joy, which represent 

the spectrum of emotions 

that consumers experience 

when shopping at a McArthurGlen 

Designer Outlet. 

The black-and-white 

campaign, though an uncommon 

choice for a spring 

launch, evokes a fresh feeling 

with an overlay of romance. 

McKenzie sees the new campaign as 

evolutionary for McArthurGlen: 

“Television allows us to speak to a 

wider audience from a wider platform.” 

`

CHINa 

Outlet China paints 

with its outlet Palette 

by lINdA huMPhERS 


Outlet China’s The Palette Fushan 

Outlet China ltd. is ahead of 

schedule on the construction of its 

first three outlet centers in China. 

The centers, going up in Beijing, Foshan 

and Huzhou, are the first of 20 outlet 

projects planned by the developer during 

the next 15 years. 

Each center will build out at approximately 

100,000 m2 of GLA, of which 

75 percent will be a mix of international 

and domestic outlet brands ranging 

from luxury to mass market. The 

remainder of the GLA will include an 

array of leisure activities and a large 

number of restaurants. The combination 

is expected to create a destination 

experience that will keep customers at 

the centers for an entire day and give 

them a reason to return frequently. 

The centers will operate under the 

brand The Palette. The first to open will 

be The Palette Foshan near Guangzhou 

in October, followed by The Palette 

Beijing in early 2012 and The Palette 

Huzhou in mid-2012. 

Outlet China has formed a strategic 

partnership with UK outlet developer 

Freeport, which is providing develop- 


ment, leasing and management expertise. 

Freeport operates outlet properties 

in the Czech Republic, Sweden and 

Portugal. The latter center, Freeport 

Outlet Alcochete, is what convinced 

Outlet China that Freeport would be a 

good partner. The 807,000-sf project is 

precisely the sort of retail/leisure/restaurant 

mix that Chinese outlet developers 

prefer. 

“Everyone in China wants to build 

mega projects,” Chris Milliken, Freeport’s 

commercial director, told IOJ. 

“Outlet China came to Europe and 

looked at a lot of centers, but felt that 

Alcochete has the scope they want and 

that Freeport has the experience they 

need.” 

Milliken says management and 

marketing will be key to The Palette’s 

success. “In China, shopping centers 

are generally developed with the idea of 

taking as much cash out as possible,” he 

says. “They’ve been somewhat indifferent 

to management, and the idea of 

marketing, especially in the early years, 

doesn’t come naturally. There have been 

many outlet projects announced in 

China, but there are only a very few that 

will meet the internationally accepted 

standards of development, tenanting 

and operations. But the demand 

among Chinese consumers for 

outlets continues to grow, so 

we expect the outlet market to 

become dominated by a small 

number of professional operators 

who understand the need 

for strong management and 

marketing.” 

The Palette Foshan has 

around 55 tenants signed up, 

Milliken says, though he declined 

to name them yet, citing 

sensitivity. “I can simply say 

they are international brands 

ranging from global sports 

names to the most dominant 

high-end fashion brands,” he 

says. “We have those brands 

predominantly through the 

support of eight large franchise 

groups, which is a great result at 

this stage.” 

Outlets China is backed by a shareholder 

list that includes Beijing Capital 

and Singapore Government Investment 

Corporation. 

Outlet China has also recently 

founded the Chinese Chamber of Com- 

Outlet China’s The Palette Fushan, 

Guangzhou, China 

merce Outlet Association. Lin Zhuo 

Yan, chairman of Outlet China, is the 

founding chairman of the association, 

which will primarily serve as a liaison 

with the government, set and maintain 

industry standards and bring cohesiveness 

to the outlet retail industry. 

Freeport is working with the association 

to create programs and forge links with 

relevant chambers of commerce and 

with ICSC. `

Value Retail News 

International Outlet Journal 

and Global Outlet Newsbrief... 

YOu RECEIVE All ThREE 

WITh ONE SubSCRIPTION! 

Subscribe today! 

VRN Dedicated to providing the most relevant and 

up-to-date information about the outlet/value retail 

industry. Stay on top of what’s happening and what’s hot 

in outlet value retailing. Published 10 times a year. 

IOJ Every subscriber to VRN also receives 

IOJ, which is dedicated to bringing Global Outlet 

News to audiences around the world, reporting 

on Europe, Asia, Australia, South America and 

Canada. Published 5 times a year. 

Global Outlet Newsbrief 

Value Retail News and the International 

Outlet Journal are now publishing a bi-weekly 

e-newsletter for ICSC members and VRN/IOJ 

subscribers. 

to start receiving all three, subscribe to 

Value retail news and receive IoJ and Gon 

as part of your subscription. 

Subscription rates: 

all ICSC Members: $99.00 

non-members: uS $144.00; outside uS $175.00 

ACT NOW! don’t miss any more issues of these 

valued publications that cover this important 

sector of the shopping center/retail industry! 

Call +1 727 781 7557, ext 2 or log onto our Web 

site at www.valueretailnews.com or icsc.org 

for more details.

PEOPlE 

Outlet expert Cousland dies in Moscow bombing 

Gordon Cousland, 

39, one 

of 37 people 

killed in the Jan. 24 

bombing at Domodedovo 

Airport in Moscow, 

had strong ties to 

the Eastern European 

outlet industry. 

As a managing consultant 

for the London Cousland 

office of CACI, a global marketing and IT 

company, Mr. Cousland had been a panelist 

at the European Outlet Conference 

held in Milan in October 2010, speaking 

on managing information and transparency. 

He was an expert in identifying 

opportunities and in using metrics to 

enhance decision making. 

According to Brendon O’Reilly, CEO 

of Fashion House Development, devel- 

McArthurGlen 

names Mark 

Aldridge head 

of communications 

McArthurGlen 

has appointed 

Mark Aldridge 

to the position of head 

of communications. He 

will be responsible for 

tourism and for driving 

McArthurGlen’s communications 

strategy Aldridge 

from a PR and media relations perspective. 

Aldridge’s wide-ranging marketing 

experience includes campaign management, 

celebrity management, media 

strategy, event management, consumer 

PR and corporate PR. He started his 

career at Debenhams department stores, 

then went onto senior management positions 

with BAA Ltd (World Duty Free) 

and most recently was with Hammer 

Holdings, where he set up and launched 

the new beauty and lifestyle brand, All 

for Eve. The brand’s products are available 

at John Lewis, Debenhams, Boots, 

Harvey Nichols, Harrods, Fenwick 

Group, and all major online beauty retailers. 

The brand’s charity, Eve Appeal, 

raises funds for gynecological cancer 

research from a portion of its web sales. 

While at Hammer Holdings Aldridge 

managed corporate, retail, press and 


oper of outlet centers in Poland and 

Romania, Cousland was handling all 

the site analysis for the developer’s 17 

planned outlet centers in Moscow and 

in St. Petersburg, Russia. 

“From a personal view, it’s so sad,” 

O’Reilly told VRN/IOJ. “He wasn’t 

working for us on that particular visit, 

otherwise it really would be unbearable. 

I worked with Gordon for some years, 

but aside from business, I have fond 

memories of very enjoyable evenings 

with him over a beer. Gordon’s untimely 

death has caused great sadness within the 

outlet industry and his wealth of experience 

and unique personality will be sadly 

missed.” 

Ken Gunn, director of UK-based FSP 

Retail, said, “I was devastated by the sad 

news of Gordon’s tragic death. I worked 

closely with him at CACI and although 

private events, as well as society parties. 

Realm appoints 

center managers 

at two centers 

Retail asset manager Realm has 

appointed new managers for 

two of the company’s nine outlet 

centers in the UK. Paul McCarthy 

takes the helm at the 200,000-sf Freeport 

Braintree Outlet Shopping Village, 

and Jon Abbott steps in at the 145,000sf 

Freeport Talke Outlet Centre, both 

in England. 

McCarthy previously 

held senior commercial 

positions at Heathrow 

Airport and more 

recently with a retail 

consultancy. He will 

work with the local 

community, council 

and retailers – among them Nike, Ted 

Baker and Lacoste – to help make Freeport 

Braintree, which opened in 1999, a 

destination center. 

Abbott held positions 

for 10 years with 

Marks & Spencer, 

where he was involved 

in site acquisition for 

the Simply Foods 

program. He joins the 

Stoke on Trent center 

McCarthy 

Abbott 

as it undergoes a €2.3 million remodeling 

and improvement plan (see page 16 

we later became business rivals, Gordon 

always had time for a chat whenever and 

wherever our paths crossed. He was one 

of life’s good guys who will be missed by 

all who knew him.” 

Before becoming a consultant for CACI 

in 2007, Mr. Cousland was director of 

new business development for Datamonitor; 

global account manager for Business 

Monitor International, and global account 

manager for Euromonitor International. 

His recent assignment included working 

on outlet-center projects in Belgium, 

Moscow and St. Petersburg, as well as 

on restaurant, retail and shopping center 

expansions in Germany, Poland, Romania 

and the UK. 

He is survived by a large family in 

Scotland, a six-month-old daughter, and 

his fiancé, whom he was to marry this 

spring. ` 

for details). Tenants in the 12- year-old 

center include Antler, Famous Footwear 

and Marks & Spencer. 

henderson adds 

Jamie Acheson 

to its outlet fund 

Jamie Acheson has joined 

Henderson 

Global Investors 

as an asset 

manager for its €1.3 

billion European Outlet 

Mall Fund (EOMF). 

He was previously with 

Colliers International 

for six years on the 

Acheson 

retail development team, working largely 

on shopping center development projects 

in emerging markets, including North 

Africa, the Far East and Eastern Europe. 

Acheson became a member of the 

Royal Institute of Chartered Surveyors 

in 2007. In 2010 he received the Young 

Property Professional of the Year 

award from Estates Gazette. 

He will work directly with David 

Williams, EOMF’s fund manager, who 

says, “Jamie’s experience in development, 

consultancy and leasing arrangement, 

complements our existing team. 

He has the energy and proven ability 

to succeed, and I am confident that he 

will provide the expertise necessary to 

enhance the fund’s performance going 

forward.” `

European Outlet Mall Fund 

David Williams 

Fund Manager 


Tel: +44 (0)20 7818 6423 

david.williams@henderson.com 

Jamie Acheson 

Asset Manager 


Tel: +44 (0)20 7818 3394 

jamie.acheson@henderson.com 

€1.5bn 

The Fund's €1.5bn portfolio comprises 11 highly 

successful pan-European designer outlet centres 

in Italy, Germany, France, Austria, The Netherlands, 

Belgium and the UK. 

ITALY; SERRAVALLE, BARBERINO, CASTEL ROMANO | AUSTRIA; PARNDORF | THE NETHERLANDS; ROERMOND 

GERMANY; BERLIN | BELGIUM; LUXEMBOURG | FRANCE; ROUBAIX | UK; CHESHIRE OAKS, SWINDON, BRIDGEND www.henderson.com/property 

Together with their partner McArthurGlen, Henderson’s European Outlet Mall Fund owns and runs a portfolio that comprises 

approximately 250,000 sq m GLA. These 11 renowned retail destinations offer some of the world’s leading designer 

brands and continue to outperform expectations. Across 7 countries, the centres are testament to the Fund's European 

outlook and success. 

Issued and approved by Henderson Global Investors and is solely for the use of professionals, defined as Eligible Counterparties or Professionals as per the Guidance for Authorised Firms made under the Financial Services and Markets Act 

2000, and is not for general public distribution. Any other persons who receive this document should not rely on or act upon its contents. Please remember that past performance is not a guide to future performance. The value of an investment 

and the income from it can fall as well as rise as a result of market and currency fluctuations and you may not get back the amount originally invested. Tax assumptions may change if the law changes and the value of tax relief will depend upon 

individual circumstances. Due to the specialist nature of property investment, in certain circumstances there may be constraints on the redemption or switching of units/shares in the fund(s). The funds invest in a specialist sector that may be 

less liquid and produce more volatile performance than an investment in other investment sectors. The value of capital and income will fluctuate as property values and rental income rise and fall. The valuation of property is generally a matter 

of valuer’s opinion rather than fact. The amount raised when a property is sold may be less than the valuation. Henderson Global Investors is the name under which Henderson Global Investors Limited (reg. no. 906355), Henderson Fund 

Management plc (reg. no. 2607112), Henderson investment Funds Limited (reg. no. 2678531), Henderson Investment Management Limited (reg. no. 1795354), Henderson Alternative Investment Advisor Limited (reg. no. 962757) and 

Henderson Equity Partners Limited (reg. no.2606646) (each incorporated and registered in England and Wales with registered office at 201 Bishopsgate, London EC2M 3AE and authorised and regulated by the Financial Services Authority) 

provide investment products and services. Telephone calls may be recorded and monitored.

Outlet Retailing - Value Retail News

Create successful ePaper yourself

Delete template?

Save as template?