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VIA Outlets to Invest €13M+ in Expansion of Sevilla Fashion Outlet

Posted by: In: Real Estate 07 Jun 2018 Comments: 0 Tags: , , , , , , , , , , ,
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6 June 2018 – Eje Prime

VIA Outlets wants to open a large showcase of luxury stores on the site of a former industrial estate in Sevilla. A year and a half after purchasing the Sevilla The Style Outlets shopping centre from the fund Irus European Retail Property, the company has announced that it is going to invest more than €13 million in the remodelling and expansion of the facilities, located near to Sevilla airport.

The construction work will begin in September, during a year in which VIA Outlets forecasts growth of 5% for Sevilla Fashion Outlets, its current name, and a “considerable” increase in international clientele, as indicated by the company.

VIA Outlets is a joint venture formed by Value Retail, the British firm Reit Hammerson, the Dutch pension fund APG and the European real estate investment manager Meyer Bergman. In its Andalucían asset, the company has luxury fashion clients such as Polo Ralph Lauren, Lacoste, Coach, Tous, Bimba y Lola, Scalpers and Hugo Boss, amongst others.

The aim of the manager is that, with the more than 15,000 m2 of recently acquired land, the outlet will become the largest smart shopping centre in the south of Spain.

More international clientele

In addition to its growth forecasts, the joint venture is also aiming to attract more tourists to the facilities with the expansion. “The proximity of Sevilla Fashion Outlet to the airport and the good connections with the urban nucleus of a booming tourist destination such as Sevilla makes the centre a great attraction for international clientele”, said Ignacio Lobarón, Managing Director of the centre.

Currently, VIA Outlet’s portfolio comprises eleven centres located in nine European countries, including four on the Iberian peninsula (in Sevilla, Mallorca, Lisbon and Porto). Moreover, the group owns commercial spaces in Germany, The Netherlands, the Czech Republic, Sweden, Switzerland, Norway and Poland.

Original story: Eje Prime

Translation: Carmel Drake

The post VIA Outlets to Invest €13M+ in Expansion of Sevilla Fashion Outlet appeared first on Aura Real Estate Experts.

Source:: AURA Real Estate Experts

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