GVA unveils plans for first outlet centre in Slovenia

GVA Grimley Outlet Services has said that the phase one of the first retail outlet centre in Slovenia is due to open in autumn 2010. Ljubljana Outlet Centre is a joint venture between a local developer and Raiffeisen Leasing. The centre will provide 25,000 m² of outlet space in a development zone adjacent to the newly expanded airport of Ljubljana. The centre will be managed and operated by GVA Grimley Outlet Services, the largest independent European outlet operators. GVA Grimley is an international property services firm based in the UK.

Brendon O’Reilly, director GVA Grimley Outlet Services, said: 'The outlet sector remains an attractive investment opportunity with huge potential for growth across Europe and one of the few retail areas bucking the credit crunch trend. Slovenia is ideal for this kind of project. It is the wealthiest of the accession states with GDP per head (USD purchasing power parity) of 27,191.'

'Western Slovenia has currently reached 104% of EU average income and with a healthy rate of economic growth and a drive for rapid social change there is a clear demand for and awareness of Western brands and an expanding market for local brands giving the ideal platform for the perfect investor, retailer and consumer mix for a successful outlet centre.'