Ares Management Real Estate Fund Acquires Two Designer Outlet Centers in France

Ares Management Real Estate Fund Acquires Two Designer Outlet Centers in France in Partnership with McArthurGlen

LOS ANGELES & LONDON--(BUSINESS WIRE)--Ares Management, L.P. (NYSE:ARES) announced today that a real estate fund it manages has acquired two designer outlet centers located in the French regional cities of Troyes and Roubaix from Resolution Property for approximately €200 million. The centers will continue to be managed by McArthurGlen, which has made a minority investment in the centers as part of this transaction. The outlet centers together comprise a total of approximately 47,000 square meters and feature strong retail tenants, including Polo Ralph Lauren, Nike, and Hugo Boss, among many others. The Troyes location is the largest outlet center in France.

The Ares Real Estate Group has invested in European outlet centers in the past, and continues to be an active investor in European retail real estate, having announced the acquisition of a portfolio of three U.K. retail parks in December 2015 from Land Securities, and the formation with Redevco in September 2015 of a joint venture for retail investments in Spain and Portugal.

“Both of these retail outlet centers have dominant locations and have served as popular shopping destinations in the northeastern regions of France,” said John Ruane, Partner in the Ares Real Estate Group. “We are also excited to partner with McArthurGlen, the leading European outlet center operator, to continue to manage the properties. We have identified significant potential to create value through active management, including improving the tenant mix and upgrading the buildings to enhance the shopping experience.”

Mike Natas, McArthurGlen’s Deputy Managing Director of Development, said: “Having managed the successful Troyes and Roubaix designer outlets for many years, we are delighted to be partnering with Ares and to become an investor as well. This is another step in our strategy to grow our business across Europe.”

About Ares

Ares Management, L.P. is a publicly traded, leading global alternative asset manager with approximately $92 billion of assets under management as of September 30, 2015 and more than 15 offices in the United States, Europe and Asia. Since its inception in 1997, Ares has adhered to a disciplined investment philosophy that focuses on delivering strong risk-adjusted investment returns throughout market cycles. Ares believes each of its four distinct but complementary investment groups in Tradable Credit, Direct Lending, Private Equity and Real Estate is a market leader based on assets under management and investment performance. Ares was built upon the fundamental principle that each group benefits from being part of the greater whole.

For more information, visit www.aresmgmt.com.

About McArthurGlen Group

McArthurGlen Group, Europe's leading owner, developer and manager of designer outlets, was founded in Europe by Kaempfer Partners in 1993. The company currently manages 22 McArthurGlen Designer Outlets across eight countries in Europe and in Canada. In 2013, McArthurGlen became a joint venture between the Kaempfer Partners and Simon Property Group Co. (NYSE:SPG), the world's largest public retail property company.

For more information, visit www.mcarthurglengroup.com.

Statements included herein may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, which relate to future events or future performance or financial condition. These statements are not guarantees of future performance, condition or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in Ares’ filings with the Securities and Exchange Commission. Ares undertakes no duty to update any forward-looking statements made herein.

SOURCE: http://www.businesswire.com/news/home/20160203005267/en/Ares-Management-Real-Estate-Fund-Acquires-Designer

VERO BEACH OUTLETS BOASTS LARGEST RESTORATION HARDWARE OUTLET SOUTH OF ATLANTA

Luxury Home Furnishings Retailer to Celebrate Grand Opening of Expanded Location February 17

VERO BEACH, FL (February 2, 2016) Vero Beach Outlets, a more than 329,000 square foot outlet shopping center located in Vero Beach, FL, announced today it will soon house the largest Restoration Hardware Outlet south of Atlanta when the home furnishings brand celebrates the grand opening of its expanded store location on Wednesday, February 17.

Previously at 15,905 square feet, Restoration Hardware Outlet will open the doors to its newly expanded 31,492 square foot location at 10 a.m. offering customers a special discount of 30 percent off outlet center prices.  A Preview Party will take place in advance of the official grand opening Tuesday, February 16 from 6-9 p.m.

“As our outlet center is continually heralded for our compelling home furnishings offering coupled by unbeatable savings opportunities, we are delighted Restoration Hardware Outlet will now serve shoppers with an even larger merchandise selection,” said Marketing Coordinator Melanie Garcia-Canet.  “As we continue to create a well-tenanted shopping destination filled with the brands shoppers know and love, Restoration Hardware Outlet certainly serves as a key retailer in our merchant collection.”

The luxury home furnishings retailer, which features an ever-rotating inventory that includes furniture, lighting, textiles, bathware, décor, outdoor and garden merchandise, is located next to Coach Outlet and Brooks Brothers Factory Store.  The brand favorite joins more than 60 leading designer and name-brand stores at Vero Beach Outlets including Banana Republic Factory Store, Gap Outlet, J.Crew Factory Store, Ann Taylor Factory Store, Loft Outlet, Calvin Klein, Tommy Hilfiger, Polo Ralph Lauren Factory Store, Nike Factory Store and Williams-Sonoma Outlet, among many more, which offer savings of up to 65 percent off regular retail prices every day.

ABOUT VERO BEACH OUTLETS
Vero Beach Outlets is a 329,000 square foot outlet shopping center featuring a collection of more than 60 leading designer and brand names such as Banana Republic Factory Store, Gap Outlet, Coach Outlet, J.Crew Factory Store, Chico’s Outlet, White House/Black Market, Polo Ralph Lauren Factory Store, Nike Factory Store, Restoration Hardware Outlet and Williams-Sonoma Outlet, among many more, which offer savings of up to 65 percent off regular retail prices every day.  Visit www.verobeachoutlets.com for more information including a complete store directory, sale and special event information, operating hours and driving directions.

TORG Now Leasing & Marketing Sanibel Outlets

The Outlet Resource Group (TORG) has been appointed by Dahlmann Properties to lease and market Sanibel Outlets (formerly Tranger Outlets) in Southwest Florida.

"TORG was chosen because of its sterling reputations, unrivaled expertise and its unique approach to the centers they lease and market," said Ben Dahlmann, Senior Vice President of Dahlmann Properties.

Sanibel Outlets is a nearly 200,000 square foot center located near Sanibel Island. The center features over 40 stores including Coach, Nike, Polo Ralph Lauren and Under Armour.

http://outletresource.com/

Simon Partners With Ivanhoé Cambridge On Premium Outlet Collection - Edmonton International Airport

To Open in Fall 2017

INDIANAPOLIS and MONTREAL, Jan. 20, 2016 /PRNewswire/ -- Simon, a global leader in retail real estate, and Canadian real estate company Ivanhoé Cambridge, announced today they are teaming up to build Premium Outlet Collection – Edmonton International Airport.

The 428,000 square foot enclosed outlet centre in the province's capital city is scheduled to open in fall 2017.  Approximately 100 stores will open at Premium Outlet Collection – Edmonton International Airport, many of them making their first appearance in Alberta.

Mark Silvestri, Chief Operating Officer of Simon Premium Outlets said, "We are excited to team up with Ivanhoé Cambridge on what promises to be another great project and deliver the very best in outlet shopping to the many tourists and residents of the Edmonton area. This will be Simon's fourth outlet center in Canada, joining very successful projects in Montreal, Toronto, and Vancouver." Silvestri added that with this development and others scheduled to be complete by fall 2017, Simon will achieve the milestone of 100 outlet centers owned worldwide.

"We are delighted to join forces with Simon's team of seasoned retail professionals on this great project," said Paul Gleeson, Executive Vice President, Global Development, Ivanhoé Cambridge. "By the time we open this outlet centre in the fall of 2017, Ivanhoé Cambridge's  portfolio will include three operating Mills centres and three pure outlet centres in key Canadian cities."

Simon and Ivanhoé Cambridge will continue to work in close collaboration with Edmonton International Airport (EIA), who fully supports the project as a key component in its 340-acre airport masterplan.

The shopping center is ideally positioned to take advantage of the 6.5 million tourists who visit the Edmonton area annually and arrive through EIA, one of Canada's busiest airports. EIA welcomed 8.2 million passengers in 2014, a traffic count that has doubled over the past ten years.

Ivanhoé Cambridge will develop and manage Premium Outlet Collection – Edmonton International Airport. Ivanhoé Cambridge and Simon will jointly lease the property.

About Simon
Simon is a global leader in retail real estate ownership, management and development and a S&P100 company (Simon Property Group) (NYSE:SPG). Our industry-leading retail properties and investments across North America, Europe and Asia provide shopping experiences for millions of consumers every day and generate billions in annual retail sales. For more information, visit simon.com.

About Ivanhoé Cambridge
Ivanhoé Cambridge, a global real estate industry leader, invests in high-quality properties and companies in select cities around the world. It does so prudently with a long-term view to optimize risk-adjusted returns. Founded in Quebec in 1953, Ivanhoé Cambridge has built a vertically integrated business across Canada. Internationally, the Company invests alongside key partners that are leaders in their respective markets.

Through subsidiaries and partnerships, Ivanhoé Cambridge has direct or indirect interests in over 160 million ft2 (up to 15 million m2) of office, retail and logistics properties as well as in more than 23,000 multiresidential units. Ivanhoé Cambridge held more than Cdn$48 billion in total assets as at June 30, 2015. The Company is a real estate subsidiary of the Caisse de dépôt et placement du Québec (cdpq.com), one of Canada's leading institutional fund managers.  For further information: ivanhoecambridge.com.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/simon-partners-with-ivanhoe-cambridge-on-premium-outlet-collection--edmonton-international-airport-300206652.html

SOURCE Simon

Introducing a new LinkedIn Groups experience and iOS app:

The best professional conversations whenever you want, wherever you want

In 2004, when LinkedIn was a fledgling site with 500,000 members, we introduced LinkedIn Groups – where professionals could come to exchange their knowledge and build relationships. Today, there are more than 380 million professionals on LinkedIn from around the world. The way we connect, communicate and share knowledge has changed dramatically. This is why I’m so excited to introduce you to an all new, rebuilt from the ground up, LinkedIn Groups and, for the first time, a LinkedIn Groups iOS app — designed to make it easier for you to find and engage in high-quality conversations, whenever you want to, from wherever you want.


We’ve heard from thousands of you to learn what would make these conversations more valuable for you. Here’s what you can expect from the new experience:  

• More engaging, high-quality conversations: Now you can add images to your posts and mention other group members — making posts more visual and engaging. You’ll also notice less clutter in the form of spam and promotional content within the Groups you participate in.
• Access anytime, anywhere: Join or continue conversations wherever you are with the new iOS app. The new app also gives group owners the ability to manage their group conversations and members on the fly.
• Conversations with people you trust: A conversation can be more valuable when it’s shared within a trusted space, so group conversations will now only be visible to group members.  To bring new voices to the table, group members can invite members of their network to join in the conversation.
• Beautiful interface: A simplified navigation with a focus on making it easier to find, join and start quality conversations on LinkedIn.
• Find the right community: Not in the right groups yet? We were inspired by our real-world communities to design a new way of suggesting new groups to members based on who you are and who you know. The simple action of accepting or dismissing those suggestions leads to smarter, more tailored recommendations for you.

This new conversation space was created with you, the member, in mind. We’ve heard some incredible stories this year that have inspired us to reimagine what Groups could be. There’s the film director from Texas who discovered just how valuable LinkedIn can be for professionals in his industry when he discovered a group strictly for Film and Television pros. A printing expert from California took a minute to answer a question he saw in a group- that answer turned into a valuable partnership and new business venture for him. And in another instance, a thought-leader in regenerative medicine noticed his niche industry was spread all over the world, and built a group that quickly became the definitive site for this industry to gather.

LinkedIn Groups will begin rolling out to English-speaking members around the world today on desktop and on iOS. We encourage you to take a look and join a professional conversation today.

Have more questions? Check out the LinkedIn Help Center for more information.


Editor’s Note: If LinkedIn has helped you transform your career or business, please share your story with us or write a post on LinkedIn with the hashtag #MyLinkedInStory. For more inspiration, check out more success stories.

SOURCE: http://blog.linkedin.com/

TH Real Estate Expands Outlet Malls in China & Germany

By Adriana Pop, Associate Editor - MHN Online

Guangzhou, China—TH Real Estate has announced the opening of new retail space at two designer outlet malls, Florentia Village Designer Outlet Mall in Guangzhou, China and the newly extended McArthurGlen Neumünster in Northern Germany.

Florentia Village Designer Outlet Mall is the first authentic Italian luxury outlet in southern China. Invested on behalf of Silk Road Holdings and managed by RDM Asia, the 1.3 million-square-foot (118,000-square-meter) property features more than 60 premium international brands, including Lacoste, Nike, Etro, Calvin Klein and Versace.

Silk Road Holdings, for which TH Real Estate acts as investment advisor, owns and operates two other designer outlet malls in China.

Located in the center of Guangzhou’s financial district, the Florentia Village scheme also marks the first wholly owned and operated foreign investment in southern China. Designed in an Italian classic architectural style, the mall boasts open-air complexes with squares, galleries, arcades and fountains.

TH Real Estate, on behalf of the European Outlet Mall Fund (EOMF) and co-owners McArthurGlen, also announced the opening of a new extension at McArthurGlen Neumünster. The expansion consists in 25 additional stores offering new brands such as Adidas, Diesel, Liebeskind Berlin, Calvin Klein, Comma, Tiger of Sweden, Rich & Royal and Jack Wolfskin. The center’s mix of luxury and lifestyle brands also includes Polo Ralph Lauren, Gucci, Armani, Furla, Boss, ESCADA, Versace and Lagerfeld.

Inspired by the local Schleswig-Holstein architectural style, McArthurGlen Neumünster first opened its doors to customers in 2012.

“Designer outlets have been one of the most widely misunderstood, but strongest performing, real estate sectors over the past decade and, relatively speaking, they thrived during the global economic downturn. Strong demand from international retailers means the occupier base is broadening and covenant quality is improving. Likewise, the investor base is deepening. Constrained supply, coupled with growing demand, should see continued rental growth and a long term structural improvement in investment pricing globally,” Mike Sales, head of TH Real Estate, said.

TH Real Estate has a well-established track record in outlet malls, having built up a more than $4.53 billion (£3 billion) global outlet mall portfolio across the UK, continental Europe & China.

Simon Announces Opening Of Gloucester Premium Outlets® and Expansion Of San Francisco Premium Outlets®

INDIANAPOLIS, Aug. 13, 2015 /PRNewswire/ -- Simon, a global leader in retail real estate, continues to expand its Premium Outlets platform with the opening of one new center and the expansion of an existing center.

Simon
Gloucester Premium Outlets®, serving the South New Jersey and Greater Philadelphia areas, opened today with a ribbon cutting ceremony attended by local dignitaries and Simon executives. Featuring designer and lifestyle brands offering 25 to 65 percent savings every day, this highly-anticipated 376,000 square foot shopping center will be home to many sought-after names including Armani Outlet, Banana Republic Factory Store, Calvin Klein, Cole Haan, Columbia Sportswear, Lucky Brand, Nike Factory Store, Puma, Tommy Hilfiger, Under Armour and Vera Bradley.

The single-level, outdoor village-style shopping center features a racetrack design for easy access between stores. Visitors who want to relax and enjoy something to eat can access the beautiful Market Hall complete with a variety of dining options, indoor and outdoor seating, a media center with flat screen televisions and free Wi-Fi.

Also today the very successful San Francisco Premium Outlets opened its 185,000 square foot expansion featuring 30 new tenants with an additional 20 stores to open over the next few weeks. San Francisco Premium Outlets is now the largest outlet center in California.

Located in the affluent East Bay area of northern California, San Francisco Premium Outlets opened in 2012 and has quickly become the premiere shopping destination for leading designer and name brand outlet stores in the greater Bay Area.

New brands to the center include: CH Carolina Herrera, Catimini, ECCO, Rag & Bone New York, Scotch & Soda, Ted Baker London, Tory Burch, UGG Australia, and Vince. They join an already powerful lineup of retailers including Burberry, Coach, Kate Spade New York, MaxMara, Michael Kors, and Prada.

"From New Jersey to California, whether it's expanding an extremely successful center or developing one from the ground up to meet tenant and customer demand, Simon's Premium Outlets platform delivers," said Stephen Yalof, Chief Executive Officer of Simon Premium Outlets. "This is a big day for us and illustrates yet again how we create the best outlet shopping environments in the world."

About Simon
Simon is a global leader in retail real estate ownership, management and development and a S&P100 company (Simon Property Group, NYSE: SPG). Our industry-leading retail properties and investments across North America, Europe and Asia provide shopping experiences for millions of consumers every day and generate billions in annual retail sales. For more information, visit simon.com.

About Simon Premium Outlets®
The global Simon Premium Outlets portfolio offers exceptional brands at extraordinary savings through a diverse mix of luxury, designer and popular retailers representing the best in fashion, family and home. Our 85 Simon Premium Outlets in the United States, Puerto Rico, Canada, Japan, Malaysia, Mexico and South Korea are some of the most iconic and productive shopping destinations for residents and travelers including Woodbury Common (New York City), Orlando, Desert Hills (Palm Springs), Las Vegas and Wrentham Village Premium Outlets (Boston). For more information visit premiumoutlets.com or follow Premium Outlets on Facebook, Twitter, Instagram and Pinterest.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/simon-announces-opening-of-gloucester-premium-outlets-and-expansion-of-san-francisco-premium-outlets-300127520.html

SOURCE Simon