Henderson Global Investors has acquired the Barberino designer outlet centre in Italy from McArthurGlen for EUR 125 mln. The property is located in Barberino del Mugello, 25 km north of Florence and is being contributed to Henderson’s European Outlet Mall Fund.
Henderson Global Investors has acquired the Barberino designer outlet centre in Italy from McArthurGlen for EUR 125 mln. The property is located in Barberino del Mugello, 25 km north of Florence and is being contributed to Henderson’s European Outlet Mall Fund.
Opened in March 2006, the Barberino scheme currently comprises about 21,500 m2 of gross floor space, representing Phase 1 of development. The centre is let to over 100 tenants including D&G, Polo, Ralph Lauren, Prada, Roberto Cavalli and Richmond. Phase 2 is scheduled to open in 2010, and will add a further 6,000 m2 of retail space.
Following this acquisition, Henderson European Outlet Mall Fund directly owns nine retail outlets across France, Italy, Austria, the Netherlands, Belgium, and Germany. Three retail outlets are indirectly held in the UK, for a total portfolio value of about EUR 1.2 bn.
