November 2004 Cover Story Features

Cover Story

Outlet Development and the European Union
If the handful of nations recently added to the European Union have anything in common, it’s that they’re smaller and less wealthy than their predecessors. But Poland, Hungary and the Czech Republic – each with young populations and high discretionary spending – are well on their way to becoming outlet meccas.

Features

Value Retail’s Luxury Strategy
The developer has been steadfast in choosing only the best sites in the most affluent markets in Europe and the UK, and is now adding a center in Dublin to its portfolio.

McArthurGlen’s Confidence Builder
Although 75 percent of shoppers at McArthurGlen’s Parndorf project are local Austrians, some think the center highlighted the possibilities of Eastern Europe to the rest of the outlet world.

Freeport Hits the BIG time in Lisbon
With 500,000 sf of space allotted for outlet retailing and another 300,000 sf set aside for food and entertainment, Freeport Lisboa becomes the biggest such project to open in Europe.

Development Briefs
Outlets at Castle Rock gain commuter stop; Belz Factory Outlet World St. Augustine hosts a benefit car show; and Miromar Outlets opens phase 4.