UK developer McArthurGlen is to open its fourth retail village in Italy. The first phase of the new development, Veneto Designer Outlet in Noventa di Piave, Venice offers 11,000 m[sup]2[/sup] of gross lettable area. Phase 2, which is scheduled to open in 2009, will provide a further 10,000 m[sup]2[/sup].
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
