London-based designer outlet malls manager and designer McArthurGlen has forecasted plans to inject 1 billion euros ($1.1 billion) in new centers and expansions to cater for the growing demand from shoppers and tourists for destination shopping experiences.
McArthurGlen’s investment programme includes four new developments and seven center expansions which are scheduled to open over the next three years, in locations across Europe and Canada.
Other developments include the opening of Designer Outlet Málaga in southern Spain, which has been developed in partnership with Sonae Sierra, that will become the McArthurGlen’s debut designer outlet in the Spanish market when it opens in spring 2019.
With all the developments, McArthurGlen will add more than 800 new store opportunities by 2021, while its collective 90-minute catchment will grow to nearly 180 million shoppers.