CMS has advised a consortium of investors, including APG, on the spin-off of select designer outlet mall assets from the European Outlet Mall Fund into a newly formed pan-European joint venture valued at approximately EUR 3 billion.
According to CMS, the newly established venture, managed by McArthurGlen, includes outlet assets located in Austria, Italy, and the Netherlands. The transaction marks a strategic shift as the fund transitions toward liquidation, with some residual assets remaining under its management during the interim.
The CMS team included Austria-based Partner Sibylle Novak and Lawyer Thomas Aspalter, with further lawyers in the UK, Luxembourg, Germany, Italy, and the Netherlands.
CMS could not provide additional information on the matter.
