Slovakia’s first Fashion Outlet Center

Slovakia - One Fashion Outlet is now on-course to be Slovakia’s first retail outlet centre and is due to open in March 2012. Realiz are working in Joint Venture with Rioja Developments on the construction of the much-anticipated Slovakian scheme, now underway. The scheme has a valid building permit, the ground has been broken and the center has just agreed a deal with Freeport to manage the scheme.

One Fashion Outlet is situated on the D1 Highway in Voderady outside of Bratislava, and is the creation of a group of retail and factory outlet experts. Working with outlet specialists Rioja Developments, the €75 million scheme has been designed with leading architect Holder Mathias, and leasing is managed by Rohleder Lumby and SJ International.

Iestyn Roberts, Chief Executive of Freeport comments, “After fast growth in the last three to four years, the retail market in Slovakia is now ripe for an outlet presence. There has been an influx of international brands into the major cities of the country, particularly Bratislava. One Fashion Outlet is the next logical step in the retail development of Central Eastern Europe.”

The completed project will cover an area of 200,000 sq metres, with over 100 retail and restaurant units. The development will take place over three separate phases, with phase one creating over 60 retail outlets.

SOURCE: Property Magazine International