NEINVER reports growth to €917M

NEINVER reports growth to €917M

In 2017, the company recorded over €917 million in sales, a 5% like-for-like increase compared to the previous year, and welcomed more than 41.7 million visitors across its portfolio of 15 outlet centres in Spain, Poland, France, Germany and Italy.

Neinver, whose outlet portfolio comprises 800 top brands, completed over 350 leasing deals. The portfolio has shown sustained average occupancy, ending the year with over 96% occupancy and an average spend increase of 5% in the past 12 months.

Continuous growth at well-established centres and positive performance of the recently added centres underline the value of Neinver’s unique asset management model in an ever competitive industry,” said Carlos González, Neinver’s Managing Director. “We continue to focus on offering an ultimate shopping experience and partnering with brands to provide the best commercial mix and quality retail alongside design, a good atmosphere and a good offer of leisure, food and beverages. All this increases the centres’ value and performance,” he added. “Also, shopping tourism has become key in our strategy as we expand our network of outlets in strategic European tourist enclaves,” concluded Carlos González.

In Spain, the six outlet centres in Madrid, Barcelona, A Coruña and Barakaldo received 19.3 million visitors and recorded 6% sales growth in an already mature market. Like-for-like growth does not include Viladecans The Style Outlets, in Barcelona, which celebrated its first anniversary in October with 2.6 million visitors during its first year of operation. The centre has strengthened its commercial offer since its opening, with over 4,500 m² GLA of new brands, partnering with brands such as G by Guess, Gutteridge, Harmont & Blaine, LODI, Luxury Zone, Garcia Jeans, Nautica, Liu Jo Uomo and La Casa di Sogni.


Growth strategy

Neinver has an active pipeline of over 74,000 m² of new outlet space in major catchment and tourist locations. With these new centres and expansion, the company will add around 430 new stores to the portfolio.

“In the year ahead, we will continue to grow our international platform with the opening of Prague The Style Outlets and the second phase of Halle Leipzig The Style Outlets in Germany this spring, as well as laying the foundation stone of Amsterdam The Style Outlets. Moreover, we are working on a new development in France. Alpes The Style Outlets will be located close to the Swiss border between Geneva—25 minutes away—and Lyon, with a catchment area of 5.3 million inhabitants”, stated Carlos González.





Source: Neinver




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