For Designer Style, It's All Outlet - Value Retail News

EurOpEaN prOJECTS
(continued from page 22)
outlet center. The second project is
a logistics park for a variety of uses,
including office, retail, storage and light
manufacturing. The new projects will
open in 2013.
GERMANy, HOllAND
Stable reports
on three centers
THE NETHERlANDS-based developer
has announced that obstacles delaying
Montabaur Fashion Outlet near
Frankfurt, Germany have been resolved
and that construction will begin in early
2012. The appeal lodged by the town of
EURO BRIEFS
Resolution acquires
McArthurGlen Roubaix
RESOluTION PROPERTy has
acquired McArthurGlen Roubaix, the
191,000-sf (17,325 m 2 ) outlet center
near Lille, France, for €23 million.
Resolution bought the project
from the European Outlet Mall Fund
(EOMF), managed by Henderson
Global Investors.
McArthurGlen, which opened the
center in August 1999 as part of
an urban revitalization, is a major
shareholder in the fund and will
continue to manage, market and
lease the project for Resolution.
According to Henderson, the purchase
price represents a net initial
yield of 8 percent.
The center is 20 minutes from
Lille and the Belgian border and less
than an hour’s drive from Brussels.
The population within a two-hour
drive is 11.1 million.
In 2010 Resolution acquired
McArthurGlen’s Troyes Designer
Outlet in France from Henderson’s
fund for €85.5 million. Like the
Roubaix purchase, McArthurGlen
Troyes continues to be managed, marketed
and leased by McArthurGlen.
The Roubaix center has 75 tenants,
24 InternAtIOnAl Outlet JOurnAl Fall 2011
Limburg against the 16,000-m2 project
has been dismissed by the highest court
in Germany and no further appeals are
possible, Stable says.
At Batavia Stad in Lelystad, Holland,
sales have increased 14 percent over last
summer and footfall has increased by
6 percent. New tenants at the center
include Hugo Boss, Daniel Hechter,
Tommy Hilfiger and Gant. Stable is
also planning an 8,000-m2 phase 4 at
the 10-year-old center. Construction is
planned to start 2012.
Tom Tailer and Dutch retailer Topmerkschoenen
have joined Rosada
Factory Outlet in Roosendaal, Holland.
Since Stable took over management,
marketing and leasing, sales at the center
have increased 11 percent and footfall is
up by 8 percent. Plans are in the works
including Adidas, Diesel, Kipling,
Lacoste and Timberland.
Gloucester Quays
adds to its outlet
tenancy
lEASING HAS BEEN busy at
Gloucester Quays this summer with
four new tenants opening in the
220,000-sf center: Pilot, one of the
UK’s leading clothing brands for fashion-conscious
teen to 20-something
females; room, which specializes
in home and gift products including
for a 7,000-m2 expansion at the fiveyear-old
center.
Brehna Outlet Park
gets a green light
BREHNA OuTlET PARK, in the
Halle/Leipzig region of Germany, has
the green light to open as an outlet center.
The structure is an existing mall that
had received local approvals a year ago,
but objections from the neighboring
cities stalled the project. The developer,
Amsterdam-based One Outlet Services,
told VRN/IOJ that all objections have
been cleared and reconstruction was
expected to begin at the end of August.
The 17,500-m2 center is about 40 percent
preleased and is scheduled to open
in the autumn of 2012. c
The 17,325-m 2 McArthurGlen Roubaix, which opened in 1999 as part of an urban
revitalization project, is less than one hour from Brussels.
hand-made Indian furniture, picture
frames, wall art, glassware, cushion
covers, candles, silk flowers and
incense; tefal, the global leader in
cookware, pressure cookers, electrical
cooking appliances, food and
beverage preparation and irons; and
Double two, a plus-size apparel
retailer for men and women.
Gloucester Quays is a joint venture
between The Peel Group and
British Waterways and is one of the
largest mixed use waterside regeneration
developments in the UK.
Tenants include M & S Outlet, Next
Clearance, Gap Outlet, Nike Factory