What's On

LONDON, 6th December 2017 – McArthurGlen Group, Europe's leading owner, developer and manager of designer outlets, has announced a joint venture with U+I, Rioja Developments Limited, Aviva Investors on behalf of Aviva Life and Pensions and The Richardson Family to develop a new designer outlet in Cannock, 30 minutes from Birmingham, the UK’s largest regional city.

U+I and Rioja Developments secured planning approval for Cannock Designer Outlet from Cannock Chase District Council in September 2016 following extensive consultations with the local community. The establishment of the joint venture will see a combined investment of more than £160 million in the project with the development spanning 26,500 sq m of GLA across two phases and including improvements to the road infrastructure.

Gary Bond, Joint Managing Director of Development at McArthurGlen, said: “We are delighted to announce what will be the Group’s twenty sixth centre and our seventh in the UK, and we look forward to working with our joint venture partners U+I, Aviva and The Richardson Family. The new centre will sit within a rapidly growing portfolio which currently has an active development pipeline of 150,000 sq m.”

Giles Membrey, Managing Director at Rioja Developments Limited, said: “We are delighted that after many years working on this project, we will be seeing it come to fruition in 2018. This is the best site in the West Midlands for a designer outlet village and the brand interest in the scheme has been phenomenal.”

McArthurGlen, Europe's leading owner, developer and manager of designer outlets, and Sonae Sierra, the international property company, today announced that Malaga City Council has granted a building permit for the development of the McArthurGlen Designer Outlet Malaga, in southern Spain. Construction work will commence in the next few months, and the opening of the first phase is planned to take place at the end of 2018. 

McArthurGlen Designer Outlet Malaga will see an investment of 115 million euros to develop a gross lettable area (GLA) of 30,000 m² over two phases of construction. Once it is finalised, McArthurGlen Designer Outlet Malaga will feature more than 170 brands, including some of the most sought-after luxury brands, as well as international and local brands, with savings from 30 to 70%.

José Luis Arenas, Development Manager for Spain at McArthurGlen, said: “This is a very significant step in the development of the project. With the beginning of the construction works, visitors will be able to witness progress of one of the most innovative retail projects in all of Spain, which will significantly improve the retail offering in southern Spain and will attract an increased number of tourists to the region as well as creating jobs in the local community.”