NEINVER is a Spanish multinational company specialised in managing, developing and investing in commercial and logistics properties.
The leading manager of outlet centres in Spain and Poland, and the second largest in Europe, it has two proprietary brands: The Style Outlets and FACTORY.
Founded in 1969, NEINVER manages 18 outlet centres and five retail parks including active pipeline and more than 800 brands in six European countries: France, Germany, Italy, Poland, Spain and the Netherlands.
In line with its commitment to sustainability, the NEINVER Group has certified 90% of its retail portfolio in Europe under BREEAM In- Use and under three ISO standards (9001, 14001 and 50001).
Industrial: NEINVER has developed around 2 million sqm of industrial projects, tailored to the needs of each client. Currently, industrial assets represent more than 14% of gross value of assets under NEINVER’s management. The company currently manages 337,000 sqm of industrial space and has another 180,000 sqm for new development in the Vica´lvaro and El Can~averal districts of Madrid (Spain).
Retail: NEINVER will keep bolstering its operations in the European retail property sector and its position as a leading outlet operator by strengthening its presence in markets where the company already does business and expanding into new markets. The company plans to add about 150,000 sqm of GLA of new space over the next five years. Expansion plans include the opening of two flagship destinations: Amsterdam The Style Outlets, its first outlet centre in the Netherlands, and Alpes The Style Outlets, nestled in a unique location between France and Switzerland.
In the Netherlands, ten minutes away from Schiphol Airport and at the heart of SugarCity and currently under construction, Amsterdam The Style Outlets will open in autumn 2020. The centre, developed by NEINVER and Nuveen Real Estate, will feature a retail area of 18,000 sqm and 115 boutiques. A further 1,000 sqm is planned for leisure areas, restaurants with terraces, walkways, gardens and a playground area. The scheme is the first outlet development in the Randstad, one of the wealthiest and most densely populated regions in Europe. With a village concept, it is set to become an international premium shopping destination with a commercial mix based on both international and Dutch renowned premium brands, and 65% of its commercial space is already leased.
In France, NEINVER is developing Alpes The Style Outlets, expected to open in spring 2021. Nestled close to the Swiss border between Geneva and Lyon, the outlet centre will offer guests 20,400 sqm of GLA with 90 boutiques and six restaurants. Alpes The Style Outlets will benefit from a catchment area of 5.3m inhabitants featuring the second highest purchasing power in France and direct a vital transport link between France and Switzerland and to popular winter destinations. Designed in an ‘Alpine village’ style, NEINVER is working to create an exclusive commercial mix including a selection of the most recognisable worldwide brands accompanied by regional must-haves, as well as top guest services.
Strategic corporate development
NEINVER’s growth strategy is based on three pillars: innovation and adaptation to the market needs, specialisation in the outlet sector – the company’s core business – and geographic diversification, operating today in six European countries. The establishment of alliances with strategic partners is also part of the company’s growth strategy. NEINVER’s knowledge of the European market and its experience in managing the entire property cycle – from location scouting to finance, development, leasing and asset management – have made the company a strategic partner for outlet projects. Neptune, NEINVER’s joint venture with Nuveen Real Estate established in 2014 to set up a market-leading outlet platform in Europe, currently owns 15 assets including active pipeline with a c. €1.4bn GAV.
Sales at centres under NEINVER’s management have recorded an 8% average yearly increase during the last five years.