Europa Capital and its joint venture partner, OCI, have commenced construction of the second phase of Designer Outlets Wolfsburg, Phase I of which opened in December 2007.
The second phase of just over 6,000 sqm will be completed before Christmas 2013 and will add 31 stores to the existing 53 stores in Phase I. Phase I is 100 percent leased to tenants including Polo Ralph Lauren, Tommy Hilfiger, Escada, Desigual, Nike, Puma, Diesel and Levi Strauss. Phase II is circa 60 percent preleased. New entrants will come predominantly from the textile, shoes and accessory sectors.
Designer Outlets Wolfsburg, one of the leading designer outlet malls in Germany, reports strong operating performance, with visitor numbers, average spend and turnover significantly up on 2012 on a like-for-like basis.
