McArthurGlen announces management and leasing contract at BIGG Outlet Center in Austria (AT)

McArthurGlen today announces that it has secured the management and leasing contract for BIGG Outlet Center at Parndorf, Austria, which is owned by Hendersons European Outlet Mall Fund.

The move is McArthurGlens second foray into third party management of outlet shopping centres, following the recent announcement that the company manages and leases the B5 outlet centre at Brandenburg near Berlin, Germany.

McArthurGlen CEO, Julia Calabrese, said, "Our success in managing the outlets we developed, as well as positive feedback from our brand partners, led us to look at third party management as an obvious and immediate expansion for our brands."

"We have an existing centre at Parndorf, McArthurGlen Designer Outlet Parndorf, and the offer at BIGG Outlet Center is complementary to that. With the two outlets combined, we have created the biggest outlet retailing space in Northern Europe."

"McArthurGlen continues to expand across Europe. The company recently opened their fourteenth outlet, their third in Italy, at Barberino di Mugello near Florence and will open a further two outlets, one in Salzburg, Austria, and one in Naples, Italy, within the next 18 months. McArthurGlen is also evaluating other possible third party management and leasing opportunities."

BIGG Outlet Center opened in 2005 and currently has 28 stores across 11,760 m² GLA. Brands include Gerry Weber, S'Oliver, Pierre Cardin/Otto Kern and Rosner. It was recently acquired by Warburg-Henderson KAG Funds.

Source: McArthurGlen

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