Fashion House Development acquires plot in Russia for first Outlet

The Fashion House Outlet Centre portfolio currently includes three such centers in Poland and one in Bucharest. The Moscow site will be opened under the Fashion House Outlet Centre brand and will be managed and operated by GVA Grimley Outlet Services.
“Currently Russia has no Outlets and yet there is the potential for at least 20 based on population, brand awareness and potential spend. The interesting thing for us was that the original drive to look into this market came from our existing tenants who are desperate to move into these areas. We work as a partner with out tenants and wanted to look into meeting this need. FHD was the ideal vehicle to move this forward,” says Brendon O'Reilly, director, of GVA Grimley Outlet Services and Fashion House Developments