On 14 April 2011, Henderson Global Investors and McArthurGlen officially opened the first phase of the recently renovated and newly named 'McArthurGlen Designer Outlet Luxembourg'.
The center, a joint venture between McArthurGlen, Europe's leader in designer outlet retailing, and international fund manager Henderson Global Investors, on behalf of its European Outlet Mall Fund (EOMF), is ideally situated in Messancy, Belgium, in the heart of the Greater Region of Luxembourg. Just five minutes from both France and Luxembourg and 40 minutes from Germany, it is superbly located to capture the nearly six million consumers that live within a 90-minute drive.
McArthurGlen Luxembourg has been totally transformed to improve the overall look of the center the landscaping and paving, the facades of the buildings which are in keeping with the local architectural style - the street furniture and the awnings.
The new brand mix includes Betty Barclay, Best Mountain, Desigual, JB Martin, Guess, Hunkermöller, Salomon, SIA, Sunglass Time, and Lunchbreak. McGregor and Gaastra will open in May, and Petit Bateaux towards the end of the year.
The center was bought in 2008 by Henderson's European Outlet Mall Fund, in which Henderson and McArthurGlen are co-investors.
The opening of phase one of McArthurGlen Designer Outlet Luxembourg will be followed by the opening of the second phase with 20 stores in 2012. Once fully open, McArthurGlen Luxembourg will offer 65 major brands, offering a total retail space of 16,500 m² and will employee around 500 people.
David Williams, Fund Manager of the Henderson EOMF added: "Investment in the retail property sector remains a key focus of Henderson's strategy, in particular, within the outlet mall sector. The European Outlet Mall Fund, which provides investors access to some of the best designer outlet centers in Europe, has been one of the company's most resilient funds to date.
"Following the success that similar refurbishment projects have achieved at our other outlets, we are confident that the development here will further enhance the center and attract an increased customer following, which in turn allows us to better serve the interests of our investors."
Eric Decouvelaere, McArthurGlen's Managing Director for Southern Europe, says: "We have completely transformed the center to open a McArthurGlen Designer Outlet offering the same high-level, quality shopping environment consistent with all of our Designer Outlets across Europe. McArthurGlen Luxembourg is in a unique geographical location, and offers an exceptional shopping environment for those looking to link a great day out with fashion, designer brands and irresistible prices, all-year round."
Source: Henderson Global Investors