In total, the company signed close to 1,500 leasing deals in 2020, including tenant rent negotiations, new leases and renewals.
NEINVER, a leading European outlet investor, developer and operator, has announced it has reached agreements with 98 per cent of the tenants across Spain, Italy, France, Germany and Poland for the first lockdown and is now under new negotiations for the closures produced during Q4.
The retail offering grew with anchor brands such as Hugo Boss, Lacoste, Puma, Intrend, Karl Lagerfeld, Swarovski, Roberto Cavalli, some of them new joiners to NEINVER’s portfolio. The company also secured important new retailers such as Max & Moi, Lafuma, Elisabeth Biscarrat, Kids Around, Not Shy, Sinsay, Anne&Max and Burger Federation. Moreover, brands such as Pinko, The Kooples, Marc O’Polo, Salomon, O’Neill, Kappa and New Balance – with three new deals in Spain – have taken additional space, expanding throughout the portfolio.
“Establishing shared commitments with our tenants has always characterised NEINVER’s business model, and it has proven more important than ever during this crisis. Since the onset of the pandemic, we have approached our tenants’ situation on a case-by-case basis, offering them flexible individual solutions regarding rent relief,” says Carlos González, NEINVER’s Managing Director. “In addition to tenant negotiations, we maintained high and challenging leasing activity along the year despite the situation. The brands’ accumulation of excess inventory has grown their interest in establishing or expanding their presence in outlet centres. But retailers are being more selective in their expansion, focusing on top locations and strong assets.”