Neinver has unveiled that the total sales across its outlet portfolio in 2018 reached €971m, growing 3% compared to the previous year. The company welcomed 42.3 million visitors across the 15 outlet centres in Spain, Italy, France, Germany and Poland. The solid year-end figures for the centres managed by Neinver were supported by a strong last quarter of the year, and especially Christmas trading.
“These results are backed by our strategy to achieve organic sales growth through intensive management and to invest in the renovation of our schemes in order to create a unique shopping proposition to both local visitors and tourists across our portfolio", said Carlos Gonzalez, Neinver’s Managing Director. “We have started refurbishing several properties including remodelling works at Vicolungo The Style Outlets, in Italy; Megapark Barakaldo, in Spain; FACTORY Poznan, in Poland; Roppenheim The Style Outlets, in France. Renovations in some of our centres in Madrid are also planned for this year.”
Barbara Somogyiova, Leasing Director Europe commented: “Our brand partners have been growing 8% on average over the past five years, which is incredible growth despite stormy times in the retail sector. Retailers fully embrace our business model and we have completed 350 new leases in 2018. Some of the newcomers and brands that have expanded across our portfolio in 2018 include Gant, Guess, Hackett, Karl Lagerfeld, Scotch & Soda, Thomas Sabo, Trussardi and Under Armour.”
Total occupancy at Neinver’s outlet portfolio, which comprises around 600 brands and close to 1,400 stores, remained high at 96%. The company aims to double the volume of new properties in the pipeline over the next five years, adding about 150,000 m² of GLA.
