Acquired by TH Real Estate’s European Outlet Mall Fund in 2004, Designer Outlet Roermond spans 18,970 m². Ideally situated within one of the most densely populated areas of Europe, Designer Outlet Roermond provides 150 stores in total, 80 of which belong to Phase 1. These include brands such as Polo Ralph Lauren, Dolce and Gabbana, Zegna, Nike and Calvin Klein.
Colin Throssell, Head of Treasury at TH Real Estate, commented: “This is a great result for the Fund and its investors. Our flagship European Outlet Mall Fund has undergone a number of major debt (re)financings over the past year, totalling over €380 mln, across the Fund’s European portfolio. This final financing brings a new lender to the Fund, which is now well-positioned for asset management initiatives and future rental growth.
Andreas Pohl, Speaker of the Board of Managing Directors of Deutsche Hypo, added: “Designer Outlet Roermond is one of the premier designer outlet centers in Europe, and trades from strength-to-strength. TH Real Estate's European Outlet Mall Fund and McArthurGlen have done well to continually extend and enhance the scheme, and consolidate its remarkable trading position. For Deutsche Hypo London Branch, it was a great opportunity to lend, yet again, on a cross-border basis against quality real estate, which is a space we feel comfortable in.”
Source: TH Real Estate