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GLOBAL OUTLET BRIEF
June 25, 2015 FORWARD | ADVERTISE

Outlet Agenda

Fall Outlet Leasing and Marketing Convention In September, the VRN Fall Outlet Leasing and Marketing Convention moves back to Secaucus, N.J., for an enhanced program that will include keynote speakers, marketing workshops and roundtables, one-and-a-half days of deal making, and the presentation of the ORCA and Hall of Fame awards. Qualified retailers get in free, and this meeting is... more >>


TH Real Estate buys Dalton Park, starts expansion

TH Real Estate has acquired Dalton Park Outlet Centre in Murton, Durham, UK, and has embarked on a 135,000-sf expansion of the 160,000-sf center. TH paid £38m through one of its UK Balanced Funds to former owner-operator Peveril Securities, and is following through on Peveril's planned and approved £45 million expansion that is heavy on food and entertainment. TH execs were on hand with... more >>

10,000 subscribers and growing: Global Outlet NewsBrief

If you like reading Global Outlet NewsBrief and know someone who'd like to receive it regularly, click the "FORWARD" button to have a copy emailed to him or her. They'll find it easy to subscribe or to opt out at any time. Every two weeks the editors of VRN and IOJ provide up-to-the-minute news and follow-up analysis on: outlet industry pipeline updates, outlet chain activity, outlet... more >>


MCG starts phase 2 expansion on Serravalle

McArthurGlen has initiated a €115 million phase 5 expansion of its Designer Outlet Serravalle, at 418,700 sf already one of the largest Italian outlet centers. The 134,550-sf expansion, when it opens in 2016, will bring the center to 553,250 sf and provide space for up to 70 new retailers. MCG opened Serravalle in 2000; it was acquired in 2004 by European Outlet Mall Fund, a TH Real... more >>


VRN outlet center tweets make 20,000 monthly hits

VRN tweets make more than 20,000 impressions each month. Tune into the latest in outlet center development news and analysis via @ValueRetailNews. More than 600 current followers receive news-alert tweets several times weekly from VRN via our Twitter site: twitter.com/ValueRetailNews. Visit the site and discover why companies including CBL Properties, Cherokee Nation, Empire Outlets... more >>


Simon adding luxury Town Center to Sawgrass

Simon will build a fourth component to its 2.76 million-sf Sawgrass in Sunrise, Fla. The 118,000-sf Town Center at Sawgrass will open in fall 2018 with two dozen full-price retailers, four sit-down restaurants and a 2,000-space parking garage. The Town Center project is in addition to the 80,000-sf expansion underway at Colonnade Outlets, due to open by holiday 2015, and a 150,000-sf... more >>


By the Numbers

The world’s 35 largest outlet centers – those that are 500,000 sf or bigger – are mostly found in North America. Twenty-five of the world’s largest are in the U.S., and three are in Canada. Two large outlet centers are in China and two more are in Australia. The 35 centers total more than 23 million sf, or about one-fourth of the world’s total outlet GLA of 96 million sf. Chelsea... more >>


Philadelphia greenlights Macerich-PREIT Fashion Outlets

The Philadelphia city council has approved a set of measures, including a $55 million tax increment financing instrument, that clears the way for the Macerich-PREIT joint venture to commence reconstruction of the downtown Gallery complex, which the developers will reopen in 2017 as Fashion Outlets of Philadelphia at Market East. The 1.4-million-sf Gallery consists of a half-dozen... more >>


Overheard

"Our portfolio associated with value retail is a little over 34 percent of our business. In 2011 it generated $1.2 billion of our NOI. And it is growing." - David Simon, CEO of Simon Property GroupSee more details in the March 2013 VRN more >>


Brown Shoe changes its name to Caleres

Brown Shoe, the parent company of Famous Footwear and Factory Brand Shoes, changed its name to Caleres on May 28. The St. Louis-based manufacturer, founded in 1878, opened its first factory stores in 1960. Those stores rank among the first 20 companies to enter the outlet industry and the only one of those early adapters still in business, according to VRN records. Executives in the... more >>


IOJ Centers of Interest issue

The 2015 Centers of Interest issue will be coming soon from VRN's International Outlet Journal. This special advertorial issue, which is going to press in July, will feature existing and planned retail centers around the globe that are tenanted by or currently seeking outlet brands. For more information, check out IOJ's Centers of Interest for pricing and deadlines. more >>


Li & Fung to source brands for new Chinese retailers

Global supply-chain manager Li & Fung Ltd. plans to create home-grown Asian brands for up to 300 new stores in a venture with two Chinese partners, including one that has a presence in the outlet sector.  The partners will be Shanghai Bailian Group Co., which has developed three outlet centers in China and is involved in at least five planned outlet projects there, and Beijing... more >>


Blackstone-Multi buys Palmanova Outlet Village

Blackstone has acquired Palmanova Outlet Village in Udine, Italy, from developer Promos, which opened the 236,806-sf center in May 2008. The acquisition was made through the Blackstone Real Estate Partners Europe IV fund; the companies did not disclose the price. Palmanova OV has 90 outlet tenants, including Adidas, Alberta Ferretti, Calvin Klein, Guess, Iceberg, Marni, Nike, Puma,... more >>


Editorial


Duke Ratliff
Managing Editor
dratliff@icsc.org
+1 646 728 3570


Natasha Reed
Editorial/Production Assistant
nreed@icsc.org
+1 646 728 3558

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Sally Stephenson
Business Development
Manager
sstephenson@icsc.org
+1 847 835 1617

Michael Belli
Business Development
Manager
mbelli@icsc.org
+1 714 313 1942

Amie S. Leibovitz
Business Development
Manager
aleibovitz@icsc.org
+1 773 360 1179

 

Sheila Charton
Business Development
Manager
scharton@icsc.org
+1 646 728 3545

 

Global Outlet NewsBrief is an ICSC bulletin produced by Value Retail News and the International Outlet Journal. To subscribe to the Global Outlet NewsBrief, please email nreed@icsc.org.

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