Viladecans The Style Outlets, Neinver and TH Real Estate's €80 mln outlet centre, has opened to the public in Catalonia, Spain.
Following a ribbon-cutting ceremony yesterday evening, the centre's phase 1 was officially launched comprising 19,800 m² GLA of branded stores.
During event, Daniel Losantos, CEO of Neinver, cited the company's 'firm commitment to Catalonia, a key market in our expansion and leadership strategy in the European outlet market, as part of our agreement with TH Real Estate'. Losantos added: 'Today we are celebrating the launch of Catalonia’s first The Style Outlets centre, coinciding with a key moment for us, the 20th anniversary of Neinver bringing the outlet concept to our country.'
Viladecans is the fourth outlet owned by the joint venture between Spain's Neinver, currently Europe's second largest outlet operator, and TH Real Estate. It brings Neinver's centres under management to 18, representing around 368,700 m2 of GLA.
'The Outlet Mall Sector in Europe has consistently performed well over the past decade and is a format we strongly believe in for delivering strong returns for our investors,' commented David Turner, head of European Investment at TH Real Estate. 'We have a strong relationship with Neinver through our Partnership and our happy to be working with them once again to launch what a premier outlet mall.'
Viladecans second phase will add another 7,000 m2 of GLA to the scheme, which serves more than 6 million residents in the Greater Barcelona area within a 90-minute drive. It is the first shopping centre in Catalonia to have earned BREEAM certification in its design phase.
