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TH Real Estate Acquires Interest in Barcelona Outlet Mall

BARCELONA, Spain—The deal for Viladecans The Style Outlets advances its JV partnership with NEINVER.

By David Phillips | Updated on September 02, 2015

BARCELONA, Spain—TH Real Estate, on behalf of TIAA-CREF, has completed the purchase of a 50% interest in Viladecans The Style Outlets, currently under development in Barcelona.

The asset has been acquired from NEINVER, and forms part of the strategic joint venture announced earlier this year (between NEINVER and TIAA-CREF) to create a leading outlet platform in Europe.  TH Real Estate acts as investment advisor to the vehicle, while NEINVER provides specialized asset management and operational services to the assets.

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