Henderson, McArthurGlen open Neumünster outlet

Henderson and McArthurGlen's Designer Outlet Neumünster will open its doors on Thursday as the largest retail outlet in Northern Germany.

The EUR 120 mln centre represents a joint venture between Henderson Global Investors, on behalf of its European Outlet Mall Fund (EOMF) and McArthurGlen, Europe’s leading owner, developer and manager of designer outlets.

It is Henderson’s second outlet centre in Germany, following the opening of Designer Outlet Berlin in 2009, also owned by the Henderson European Outlet Mall Fund and managed by McArthurGlen.

'Designer outlets have been one of the strongest performing retail sectors across Europe over the past decade and have thrived during the economic downturn across our portfolio,' said Andrew Rich, Fund Manager of EOMF at Henderson Global Investors. 'Indeed, today, the European Outlet Mall Fund is one of Henderson’s most successful property funds.'

The centre offers 26,000 m² of gross leasable area, of which 20,000 m² GLA is in the first phase opening on 20 September, and 6,000 m² GLA in the subsequent second phase. It also offers a total of 3,000 free parking spaces. Facilities also include a children’s play area and a City of Neumünster Tourism Office.