With retail outlets outperforming traditional retail amid the economic crisis, this niche sector has seen a flurry of investment activity over the past months. In early February, Neinver's Irus fund, which focuses on designer outlets, has bought Germany's largest outlet centre from a joint venture of Kenmore, RevCap and OCI for EUR 112.5 mln. Two days later Henderson Global Investors' retail outlet investment vehicle announced it had bought one of Italy's largest schemes in a deal worth EUR 125 mln.