What is VIA Outlets?
VIA Outlets is a fund created in 2014 to acquire existing outlet centres across Europe and enhance their performance so as to provide strong investment returns for its stakeholders.
These returns will be achieved through creating shopping environments which will attract high quality domestic and international brands and their discerning customers.
VIA Outlets has been structured to enable it to react quickly to acquisition opportunities that may arise in the market.
The fund presently consists of eleven assets spread across Europe. Click here for more information on the individual centres.
VIA Outlets was founded in 2014. Its principal stakeholders include Dutch pension fund asset manager APG and UK REIT Hammerson plc.
APG is a financial services provider in the pension sector in the areas of executive consultancy, asset management, pension administration and communication services for pension funds. APG manages more than €450 billion in pension assets for the various pension funds.
Click here for more information.
Hammerson is a FTSE 100 owner, manager and developer of retail destinations in Europe. Hammerson create vibrant, continually evolving spaces, in and around thriving European cities, with a focus on flagship retail destinations and Premium Outlets. As of 31st Dec 2018, the portfolio of high-quality venues had a value of £9.9 billion and includes 21 flagship destinations, 13 convenient retail parks and investments in 20 premium outlet villages, through a partnership with Value Retail and the VIA Outlets joint venture. Key retail venues include, Bullring & Grand Central, Birmingham, Bicester Village, Oxfordshire, Freeport Lisboa Fashion Outlet, Lisbon, Dundrum Town Centre, Dublin; and Les Terrasses du Port, Marseille. Hammerson manage over 2,000 brand relationships and during trading hours, over 80,000 people visit their destinations hourly across their flagship destinations in the UK, France & Ireland. Click here for more information.
OUR APPROACH TO SUSTAINABILITY
At VIA Outlets, we recognise that our stakeholders are fundamental to our business, and therefore treating them well is key to our continued success. We want to understand the expectations, needs and concerns of everyone who is directly or indirectly involved in what we do. This means regularly engaging with our key stakeholders, including customers, local communities, investors, employees, suppliers and Government, to better understand and ultimately compliment the wider social, economic and environmental networks that we are a part of.
To this end, we have developed a policy that demonstrates our commitment, transparency and accountability to all of our stakeholders. At VIA Outlets, we are proud of our brand and the values we represent. As a result, we seek to practice and promote our values through effective policies based on positive engagement and open communication.