Translated by
Barbara Santamaria
Feb 21, 2017
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Neinver outlets across Spain report 11% sales growth in 2016

Translated by
Barbara Santamaria
Feb 21, 2017

Neinver, the Spanish company specialised in property investment, development and management, ended 2016 with strong footfall and sales results across its portfolio of Spain-based outlet centres.

Las Rozas The Style Outlets - Neinver

Total group sales increased by 11% compared with the previous year, reaching 287 million euros. In terms of footfall, the outlets experienced a 10% increase year-on-year with 18.5 million visitors.

The results exclude the performance of Viladecans The Style Outlets, which opened its doors to the public for the first time in October. The €80 million Barcelona outlet mall welcomed over 800,000 visitors in its first two months, exceeding the group’s expectations.

Additionally, Neinver outlets in Europe, including The Style Outlets and Factory, generated €1.18 billion in sales, up 10% on 2015. Footfall was also up 8% with 50.2 million visitors in the year.

The good sales and footfall performance was achieved in all Neinver markets, including Poland, Germany, Italy and France. France had the best results with sales growth of 18% and footfall up 16% to reach 1.7 million visitors.

In Poland, Neinver outlets operated under the Factory brand increased sales by an average of 14% and were visited by 15 million people, up 10% on the previous year.

Sales also jumped in Portugal outlet centres, up 11% year-on-year. Footfall increased by 5% to reach 4.4 million visitors supported by the rise in shopping tourism.

In Germany, sales across shopping outlets grew by 6%, while footfall increased 3% compared with last year. The figures do not, however, include the performance of Halle Leipzig The Style Outlets, which is the first outlet mall in the country’s central eastern region. The retail concept was launched in April 2016 and is managed by Neinver through an agreement with ITG Immobilien Treuhand GmbH. It welcomed approximately 930,000 visitors in its first eight months.

Finally, the Italian market has maintained its positive trend with a comparable increases of 2.5% in sales and 2% in footfall, attracting 6.5 million visitors in the year.

For this year Neinver is planning to complete its entry into the Czech market, making it the eighth market where the company operates. The business is set to launch, through a joint venture with The Prague Outlet, a new concept titled Prague The Style Outlets at the end of 2017.

The company has also recently announced the start date for the construction of a new outlet centre in Amsterdam, marking the first venture for the company in the Netherlands.

Neinver has also strengthened its partnerships with retail operators to manage Fashion Outlet Barakaldo in Spain, property of Las España Real Estate Socimi; Halle Leipzig The Style Outlets in Germany; and Metropolitan Outlet in Poland, in partnership with Carrefour Polska.

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