Banimmo partners with McArthurGlen, European leader of designer outlets, on €180-million scheme in Ghent18/10/2013
The new joint venture will develop a 32,000 sq m McArthurGlen Designer Outlet, offering the most sought-after names in luxury, designer and lifestyle fashion, as well as a wide range of cafes and restaurants, 14,500 sq m of leisure and a 6,300 sq m big-box store.
Banimmo, a Belgian real estate company active in built-to-suit developments and redeveloping obsolete buildings in its three geographical markets of Belgium, France and Luxembourg, is proud to announce a joint venture with McArthurGlen, Europe’s leading owner, developer and manager of designer outlets, to jointly develop a McArthurGlen Designer Outlet together with a leisure complex in the Belgium city of Ghent.
The new 52,800 sq m GLA retail and leisure scheme is located in ‘The Loop’ district of Ghent, in the southwest of the city. It will include an approximate 32,000 sq m GLA McArthurGlen Designer Outlet,14,500 sq m of leisure and a 6,300 sq m big-box store, and will see an investment of more than Euro 180 million and, just for the Designer Outlet, the creation of more than 2,000 (full time and part time) jobs.