The group completed over 500 leasing deals and enhanced retail portfolio with over 100 new brands.McArthurGlen Group announced another year of impressive growth with total sales across its 24-centre portfolio increasing to 4.5 billion euros in 2017.
Julia Calabrese, McArthurGlen’s CEO, stated: “These results prove that our strategy of an excellent shopping proposition and an all-around entertainment experience across our portfolio is resonating with local and international consumers.”
McArthurGlen Serravalle Outlet
“Over the past 12 months, our programme of new development, acquisition and expansion has added 85,000 sq.m of new retail space in the major catchment and tourist locations, taking our collective 90-minute catchment to 160 million consumers. Through these new centres and expansions, McArthurGlen has delivered 400 additional stores, partnered with over 100 new brands, grown footfall to 90 million visits and created nearly 3,000 new jobs, bringing the total number of people employed across our portfolio to over 30,000.”
With a selection of 3000 stores, the Group achieved over 500 leasing agreements in the past 12 months. It was a record year for the amount of premium, luxury, and lifestyle labels partnering with McArthurGlen for the first time.
Adrian Nelson, Leasing and Brand Development Director, said to Malls.Com that McArthurGlen became much more focused on the new brand development. The actively trying to change the mix to get it right with local and international brands. For example, in Provance outlet, the Group delivered more luxury mix of stores, including hi-class French names to give customers real local flavour.
The company has something like "the incubator" for retailers to help to invent "outlet model" and launch new pop-ups and stores effectively. Adrian said "As part of our strategy we are continuously testing new concepts across the portfolio in line with consumer demand. In the last 12 months, we have introduced several new product categories, with each centre evolving its brand mix in line with its customer profile".
The Group’s retail offering has been improved with over 100 new names from Montblanc and Longchamp in Roermond to Fendi in Serravalle and Hotel Chocolat in Cheshire Oaks. Some of the big signings will be announced in a few months.
McArthurGlen Designer Outlet Malaga
The company has an active development pipeline of 150,000 sq. m. Plan to open in autumn 2018, McArthurGlen Designer Outlet Malaga will be southern Spain’s first designer outlet and indicates the Group’s entry into the Spanish market. The new 115 million euro project started construction in summer and will be built in two stages to total 30,000 sq.m of GLA with 4,350 parking lots.
Getting the McArthurGlen portfolio to 26 centres and scheduled to launch in 2020, McArthurGlen Designer Outlet Remscheid will be the next new centre to open in the highly sought-after German market. Investing 165 million euros in the project, the new 27,000 sq.m centre will serve an extraordinary 90-minute catchment of 21 million people.
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22 NOVEMBER 2017, France