Henderson Global Investors announces the opening of the third phase at McArthurGlen Castel Romano Designer Outlet near Rome. The expansion includes an additional 43 stores, with some of the most sought-after names in fashion and will increase the retail offer by almost a third.
The center, owned by Henderson Global Investors, on behalf of its European Outlet Mall Fund, is managed and developed by McArthurGlen. It is one of five McArthurGlen Designer Outlets in Italy.
The center originally opened nearly ten years ago, in October 2003. It was purchased by Henderson’s European Outlet Mall Fund in December 2005 and has since been extended twice. This latest, 7,500 m² expansion represents the third phase of the center, and makes it one of the largest designer outlets in Italy with a total of 160 stores and 30,000 m² of retail space.
The latest phase is in a stylish, classically inspired setting, complete with an additional luxury piazza and includes a variety of sought-after luxury, premium and designer brands. They join such existing brands as Salvatore Ferragamo, Valentino, Zegna, Alberta Ferretti, Etro, Pal Zileri, Roberto Cavalli, La Perla, Fratelli Rossetti, Hugo Boss, Baldinini, Belstaff, Diesel, Bruno Magli, La Martina, Liu.Jo, Patrizia Pepe, Pinko and Jeckerson.
Andrew Rich, Director of Outlet Malls, Property at Henderson Global Investors says: “Designer outlets have been one of the strongest performing retail sectors across Europe over the past decade. We have seen particularly high footfall across our Italian portfolio and are delighted by the success of the first two phases of McArthurGlen Castel Romano Designer Outlet. The first class tenant line-up, coupled with the resilient nature of the outlet sector and McArthurGlen’s expert management, continue to prove a winning combination for our investors. We are confident the third phase will drive investment performance even higher.”
Roberto Meneghesso, McArthurGlen’s Country Manager for Italy, says: “At McArthurGlen Castel Romano, we are looking to create an exceptional shopping experience for the discerning fashion lover, whether from Rome, the Lazio region or from around the world, with an unrivalled mix of luxury, premium and designer brands, as well as year-round savings of 30-70 per cent, in an authentic, stylish setting.”
McArthurGlen Castel Romano Designer Outlet, which welcomed 2.8 million shoppers last year, is 15 minutes from the center of Rome, close to the Tyrrhenian coast and can be reached either by car or shuttle service from the center of Rome. The center is proving increasingly popular with the brand-conscious international shopping tourists, as tax-free sales soared by more than 40 per cent in 2012 [source: Global Blue]. Footfall and spend is particularly high among the Russian and Chinese shoppers.