Successful completion project development Leipzig
After a good three and a half years of project development at the Fashion Outlet Halle Leipzig, saw STABLE end of April a successful finalization of all proceedings. The project, part of a fund of Düsseldorf-based ITG, has now been leased on a long term basis to an operator. “With the transfer of the project to the Spanish Neinver Group, we have achieved our goals as a project developer,” says Thomas Schrickel, Managing Director of STABLE Germany. Phase 1 of Fashion Outlet Halle Leipzig, comprising some 11,000 m² GLA with about 50 stores (among many others Nike, Jack Wolfskin, Desigual, Marc O’ Polo, Gant, Daniel Hechter, Fossil, and Levi´s) was opened with great success on 21st April. The center already welcomed 80,000 visitors during the first four days of opening.
STABLE setup a joint venture with Düsseldorf-based ITG in 2012 and provided the main impetus for the concept and the architecture of the center. In addition, STABLE handed over the first phase with an occupancy rate of 90 %. Kees Woltering, CEO of STABLE, says: “We are very proud of the realization of the Fashion Outlet Halle Leipzig, in particular the design of the enclosed center, based on a Victorian market hall, and the outstanding leasing results.”
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