A consortium of investors that includes APG have spun-off select designer outlet mall assets from the European Outlet Mall Fund into a newly formed pan-European joint venture valued at approximately EUR 3 billion.
According to the CMS law firm, which advised the investor consortium, the newly established venture, which is managed by McArthurGlen, includes outlet assets located in Austria, Italy, and the Netherlands. The transaction marks a strategic shift as the fund transitions toward liquidation, with some residual assets remaining under its management in the interim.