Neinver and Nuveen acquire Poland's Silesia Outlet

Neptune, a joint venture between outlets specialist Neinver and Nuveen Real Estate, has acquired a Polish outlet centre from 6B47 Real Estate Investors for €31.5 mln. 

Silesia Outlet in Gliwice becomes Neptune’s sixth asset in Poland and its 15th in Europe, including one project under development.

'The acquisition of Silesia Outlet marks a new milestone in Neptune’s growth strategy, aimed at building a leading outlet platform in Europe,' said Carlos González, Neinver’s managing director. 'The centre has high potential including a strong brand mix and an excellent location next to key transport links.'

Silesia Outlet opened on March 27 this year featuring 12,000 m2 and 60 stores with brands including Bugatti, Bytom, Guess, Diverse, Home & Cook, New Balance, Only, Pepe Jeans, Pierre Cardin, Puma, Triumph and Reebok.

'We believe in the potential of the Polish retail market and are happy to bring Silesia Outlet into the Neptune portfolio. In its infancy, we look forward to receiving new brands and new shoppers into the asset to build on the successful launch,' said Charlotte Ashworth, fund manager, Neptune Nuveen Real Estate.

Neinver has been in charge of management of the outlet centre since its opening. A second phase is planned to expand the offer to 20,000 m2 across 120 shops. Boig was responsible for the tenant mix concept, leasing until the opening and project management.

The centre is located in the city of Gliwice in the Silesia region, in the southern part of the country, featuring a catchment area of over 6.5 million residents.

Neptune, a shareholder joint venture, was created in 2014 by Neinver and Nuveen.

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