Luxury outlet McArthurGlen Designer opens in Málaga with Cuatrecasas counsel
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SubscribeMcArthurGlen Designer Outlet, Andalusia’s largest luxury outlet, opened in Málaga last Thursday. Partner Juan José Ruiz Villafranca led the Cuatrecasas Málaga team advising McArthurGlen on the preparation, negotiation and conclusion of over 80 lease agreements with all the brands at the outlet, including Adidas, Calvin Klein, Clarks, Columbia, Hugo Boss, Karl Lagerfeld, Lacoste, and Polo.
Cuatrecasas also advised on the purchase and urban development of the outlet building plot and on obtaining financing for its construction. This project started in 2014, when the Cuatrecasas Málaga office advised McArthurGlen on the negotiation, preparation and conclusion of a joint venture agreement with Grupo Sonae Sierra for the joint execution of the project. McArthurGlen is headquartered in London and has 24 shopping malls in nine countries.
This new outlet’s surface area is over 17,000 m2. The investment exceeded EUR 100 million, and the outlet has almost 100 stores and restaurants.
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