McArthurGlen has laid down plans to open 2.7 million sq ft of retail space over the next three years, at a cost of almost €1.5bn (£1.2bn).
The company, which operates designer outlets in locations such as York and Cheshire Oaks, said the additions would be a mixture of new openings such as McArthurGlen Provence, the first designer outlet in the south of France, and two outlets in Istanbul, as well as expansions being made to its Swindon, Ashford and Serravalle in Milan centres over the next few years.
McArthurGlen said the opening marked the most extensive development pipeline in the company’s history. Its first centre, Cheshire Oaks, opened in 1995 and it now has 6.5 million sq ft of outlet space.
McArthurGlen managing director of development Gary Bond said: “Our focus of expansion is Europe. We look for markets where there is a strong catchment in terms of population, economic wealth and tourism potential, and which have a developed fashion retail and brand culture, as well as good transport links.”
McArthurGlen has 20 designer outlets in eight countries including Austria, France, Germany and the UK.