Closed Fund

European Outlet Mall Fund

By combining the retail and fund management expertise of TH Real Estate with the specialist skills of McArthurGlen, the European Outlet Mall Fund offers investors access to a niche sector of the property market.

Key facts

Target sector Designer outlets
Target return 10% (net per annum annualised IRR on invested capital over the life of the Fund)*
Fund structure Closed-ended Luxembourg Fonds Commun de Placement (FCP)
Fund term 2024
Currency Euro
Fund value €3.1bn (c.$4.3bn)
No. of assets 8
Max gearing 40%
Fund Manager Sebastien Gorrec
Investment strategy
  • Expansion of the current outlet mall portfolio by extension of existing outlet malls
  • Possible acquisitions of prime dominant outlet malls or ones with the potential of becoming dominant outlet malls
  • Active management of the portfolio in order to maximise returns

Responsible Property Investment (RPI) strategy

Our sustainability strategy for the European Outlet Mall Fund is very much a partnership with McArthurGlen, who wherever viable seek to minimise the environmental impacts of our assets and retail activities. We have a comprehensive programme in place covering energy, water, waste, transport, biodiversity & ecology, supply chain, community and retailer engagement. Importantly, we take account of national differences, focusing on local priorities, risks and opportunities.

Further information on TH Real Estate's RPI strategy 

Global Real Estate Sustainability Benchmark (GRESB)

The Fund was awarded a GRESB Green Star in 2016, for the sixth year running, and exceeded its peer group average in 6 out of the 7 benchmark aspects, achieving the best overall score to date. The Fund achieved a score of 100/100 for the Fund's environmental management system and a score of 99/100 for the Fund's ability to manage sustainability risks and maximise opportunity. In addition, the Fund achieved the highest GRESB rating of 5-stars, reflecting upper quantile performance compared with the entire universe of GRESB participants.

*Target returns cannot be guaranteed. The ultimate returns realised by the Fund will depend on numerous factors that are subject to uncertainty. Accordingly, there can be no assurance that any return objectives will actually be realised.

Source: TH Real Estate, 31 March 2018

 
Seb Gorrec

Sébastien Gorrec

Fund Manager

Sébastien's biography
This Fund gives investors access to some of the best designer outlets in Europe managed by leading outlet specialist McArthurGlen. The portfolio has remained incredibly resilient during periods of weak economic growth and offers potential for strong future return.
Andrew Rich

Andrew Rich

Fund Manager

With 15 years’ real estate experience, Andrew oversees all investment, development and asset management activities for the Fund.

+442037278194 More about Andrew
Seb Gorrec

Sébastien Gorrec

Fund Manager

Sébastien has been dedicated to the management of the 1bn+ European Outlet Mall Fund since he joined the Business in 2008. He has played a key role in completing new investments and disposing assets for the Fund, in various European jurisdictions. He has strong knowledge and experience in various key areas ranging from finance, structuring to asset management.

+44 (0) 20 3727 8148 More about Sébastien
Mike Blackmore

Mike Blackmore

Portfolio Manager

With over seven years’ real estate experience, Mike is primarily responsible for forecasting performance for the Outlet Mall Fund, which includes being involved with investment, leasing, asset management and development plans. He also coordinates quarterly fund valuations.

+442037278422 More about Mike
Andrea Faccio

Andrea Faccio

Portfolio Manager

Andrea works on the portfolio management of our $2bn European Outlet Mall Fund, which is invested in eight assets across Europe.

+442037278131 More about Andrea
Wayne Saville

Wayne Saville

Senior Client Services Manager

Wayne Saville is Senior Client Services Manager within Investor Relations at TH Real Estate. He is responsible for client services across a range of segregated clients, UK and European funds and fund of funds.

+44 (0) 20 3727 8201 More about Wayne