British designer outlet manager McArthurGlen intends to expand with another 8 outlet centers over the next 4 years, including The Loop at Flanders Expo in Ghent.
Floor space increases 50 %
McArthurGlen currently has 21 outlet centers, spread over 9 countries: Belgium, Canada, Germany, Italy, France, Greece, the Netherlands and the United Kingdom, totaling nearly 600,000 sqm in store space.
By adding another 8 outlet centers in the next 4 years, it intends to add 275,000 sqm of store space. Included in its expansion plans are a very first outlet center in the south of France, near Marseille, but also projects in Ghent (32,000 sqm), German Remscheid (near Cologne), Malaga in southern Spain and 2 centers in the Turkish city of Istanbul. Eight of its current outlet centers will also be enlarged, including the ones in Roermond (the Netherlands), Milan and Vienna.
McArthurGlen was founded by Kaempfer Partners in 1993 and Simon Property Group, the world's largest retail real estate owner, became its co-owner in 2013. Its outlet centers, geared towards tourists, are filled with top-notch brands and discounts from 30 up to 70 %.