Global Mutual, the global real estate advisor and co-investor, has been appointed to asset manage the 398,000sq ft. Bariblu shopping centre located in the Adriatic city of Bari, Italy. The retail and leisure specialist advisor will deliver an asset strategy and leasing programme for this European retail destination.
Steven Gray, Director of Retail at Global Mutual, said, “We are pleased to be appointed as the asset manager on Bariblu. As strategic advisors, Global Mutual has a wealth of global experience, and deep networks within the dynamic retail sector. Overall, the retail and leisure sector in Europe is experiencing many of the same structural challenges as in the UK, including from technology and shifting consumer patterns. A nimble approach in meeting the changing needs of retailers, while also ensuring there is a focus on a diversified consumer offer, is therefore essential.
‘We’re looking forward to contributing to the evolution of this European retail destination with an active approach, and by establishing the quality tenant mix that reflect the importance of this regional asset in the market it serves‘
Bariblu Shopping Centre is located on the outskirts of Bari, with excellent road access from the nearby SS16 Puglia Highway. Bariblu features almost 120 retail stores and dining options. Tenants include Adidas, H&M, Zara, Stradivarius and Flying Tiger. The centre attracts 4 million visitors annually.
Global Mutual is a real estate investor, manager and advisor operating in the US, UK and EMEA. The company is currently an appointed advisor and asset manager for £2.4 billion of assets across retail, leisure, office, infrastructure and mixed-use.