The center, owned by Henderson Global Investors, on behalf of its Outlet Mall Fund, is managed and developed by McArthurGlen. It is one of five McArthurGlen Designer Outlets in Italy. McArthurGlen is also an investor in the Outlet Mall Fund. Barberino Designer Outlet, which first opened in 2006, is set into the Tuscan landscape, straddling the River Sieve as it runs down from the Apennine Mountains.
Andrew Rich, Director of Outlet Malls, Property at Henderson Global Investors says: “Designer outlets have been one of the strongest performing retail sectors across Europe over the past decade. We have seen particularly high footfall across our Italian portfolio and are delighted by the success of the initial phase at Barberino Designer Outlet. The first class tenant line-up, coupled with the resilient nature of the outlet sector and McArthurGlen’s expert management, continue to prove a winning combination for our investors. We are confident the second phase will drive investment performance even higher.”
Barberino Designer Outlet welcomed over three million shoppers in 2013, up more than 11% on the previous year’s figure, while spending by non-EU shopping tourists was up over 40%.