Global Mutual has secured an asset management mandate for the 398,000ft² Bariblu shopping centre located in Bari, Italy. The centre offers almost 120 retail stores and dining options, including Adidas, H&M, Zara, Stradivarius and Flying Tiger. The scheme enjoys easy access via public and private transport and attracts 4 million visitors annually.
Steven Gray, Director of Retail at Global Mutual, said: “We are pleased to be appointed as the asset manager on Bariblu. As strategic advisors, Global Mutual has a wealth of global experience and deep networks within the dynamic retail sector. Overall, the retail and leisure sector in Europe is experiencing many of the same structural challenges as in the UK, including from technology and shifting consumer patterns. A nimble approach in meeting the changing needs of retailers, while also ensuring there is a focus on a diversified consumer offer, is therefore essential. We’re looking forward to contributing to the evolution of this European retail destination with an active approach, and by establishing the quality tenant mix that reflects the importance of this regional asset in the market it serves."