Outlet

Neinver closes 2025 with sales of 1.72 billion (+5%)

by Fashion Editor

11 March 2026

3' min read

Translated by AI

Versione italiana

3' min read

Translated by AI

Versione italiana

Neinver ended 2025 with EUR 1.72 billion in sales across its 20 assets under management in Europe, marking a +5% increase over 2024 and continuing a run of consecutive years of growth. The results of the portfolio, consisting of 16 outlet centres and 4 retail and leisure parks, show that the outlet format is a key strategic channel for brands.

The Spanish multinational outlet operator also welcomed more than 70 million visitors to its facilities in 2025. The occupancy rate remained solid, maintaining the high levels of previous years (97%). Key retail indicators, including average spend per visitor and conversion rate, improved by 3% year-on-year.

'The positive results demonstrate the continued success of our approach: a long-term commitment to active asset management and value creation for brands, consumers and partners,' comments Daniel Losantos, CEO of Neinver. 'Thirty years ago, we opened Las Rozas The Style Outlets, the first outlet centre in Spain and one of the first in Europe. Since then, we have constantly developed our value proposition to meet the needs of our partners and customers. For brands, this denotes efficiency, agility and growth; for consumers, it means offering value, convenience and exceptional visitor experiences. Looking ahead, we will continue to focus on quality, improving our centres to make them even more welcoming, experience-oriented and sustainable".

2025 was the year in which Neinver signed the most leases to date. This commercial momentum has supported high occupancy rates and a continued focus on optimising tenant mix and space configurations. In addition, it strengthened its partnerships with brands such as Nike, Guess, Levi's, ASICS, Puma, Skechers, adidas, Hugo Boss, Pandora, Rituals and New Balance, among others. In Italia, Pinalli opened its doors in Castel Guelfo The Style Outlets, while Only arrived in both of the group's outlets on the peninsula. There were also several re-openings in Italian centres with Colmar, which opened new stores in both Vicolungo and Castel Guelfo, Ixos and Trussardi in Vicolungo, plus the refit of Boss also in Vicolungo.

In addition, the company expanded and improved its food & beverage offer, with new signs such as Alice Pizza, Roadhouse, Billy Tacos and I love Poke opening their eateries in Castel Guelfo and Poke House, Popeyes and Old Wild West in Vicolungo.

The company continued to enhance its portfolio in 2025 through major renovation projects, including the upgrade of the indoor and outdoor areas at Las Rozas The Style Outlets (Madrid), as well as the creation of a new food plaza and landscaping at Castel Guelfo The Style Outlets. These initiatives underline the company's ongoing commitment to ensuring high quality environments for both brands and visitors.

Looking to the future, in Spain, San Sebastián de los Reyes The Style Outlets (Madrid) is planning to renovate its centre this year, while Viladecans The Style Outlets (Barcelona) is planning an extension. In Italia, Vicolungo The Style Outlets will further enhance its recently created food area.

On the development side, work is progressing on Alpes The Style Outlets, its second project in France, which will offer 20,400 m² of retail space and is scheduled to open at the end of 2027. Strategically located just 25 minutes from Geneva, the outlet is next to the A40 motorway, a major artery connecting Paris to Geneva and the Mont Blanc region, and only a five-minute drive from the TGV station.

The project has been updated over time, prioritising green spaces, sustainable energy and mobility.

Sustainability remains a central pillar of the strategy. In 2025, Neptune, the joint venture between Neinver and Tiaa (parent company of Nuveen Real Estate), achieved for the sixth year in a row the maximum rating of 5 stars in the Gresb rating, with a score of 93 out of 100.