McarthurGlen, has obtained building permit from Malaga City Council to build a designer outlet in southern Spain. The project marks the company's first entry into the Spanish market.
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McarthurGlen, has obtained building permit from Malaga City Council to build a designer outlet in southern Spain. The project marks the company's first entry into the Spanish market.
Mapic Italy, the international commercial real estate event held at Milan's Superstudio Più on 16th-17th May, was attended by 1,500 participants, including 550 international retailers.
The Portuguese real estate company’s results for the latest financial quarter showed a drop of 4.2 percent compared to the same period last year. The drop can be attributed to the partial sales of some shopping centers.
Outlet mall giant McArthurGlen has opened its Provence Designer Outlet, the first designer outlet in the South of France and the group’s 23rd in its expanding portfolio. The centre has 125 stores across 25,000 sq m.
The Portuguese group said it reached £70 million (€97 million) in profits in its first-half year, up 84.8% from 2014.
Sales across the shopping centre specialist’s European locations recorded 4% growth compared to 2014, with particularly notable increases in Portugal (4.6%) and Italy (6.3%).
McArthurGlen and Sonae Sierra announced a joint project yesterday, the Malaga Design Outlet. Located near the Andalusian city, the retail centre set to open in 2017 will hold 90 stores.
Germany's Otto family are setting up a new 800 million euro fund to invest in shopping centres across Europe, Alexander Otto told German business daily Handelsblatt.
Shopping mall operator Sonae Sierra Brasil raised 478.3 million reais (US$288 million) in an initial public offering on Tuesday, the second Brazilian company in two days to go public as a busy IPO period gets under way.
Shares of Arezzo Industria e Comercio SA, Brazil's largest women's shoe retailer, surged in their trading debut on Wednesday on optimism over a consumer boom in the country's economy.