TIAA Henderson Real Estate and McArthurGlen have announced plans for an extension at their McArthurGlen Designer Outlet Neumünster, in Germany.
TIAA Henderson Real Estate and McArthurGlen have announced plans for an extension at their McArthurGlen Designer Outlet Neumünster, in Germany.
The centre is a joint venture between TIAA Henderson Real Estate (TH Real Estate), on behalf of its European Outlet Mall Fund (EOMF) and European designer outlet specialist McArthurGlen.
The new phase of McArthurGlen Designer Outlet Neumünster will add 6,900 m2 of GLA, offering the opportunity to add around 25 additional stores to the centre, which first opened in late 2012.
It will bring the total number of stores to 116, with 26,800 m2 of GLA, with plans to open in autumn 2015.
EOMF owns eight outlet mall assets across Europe, in addition to its indirect holding in three UK outlet mall assets via its investment into TH Real Estate’s UK Outlet Mall Partnership.
