The last of three developments at the retail site near Loulé is to open on November 23rd at 5pm.
The Designer Outlet is the first in Europe to be integrated with an IKEA store, a shopping centre and an outdoor leisure area.
The new commercial space is a joint venture between IKEA Centres and the Mutschler Group* and will be managed by the Austrian operator, ROS Retail Outlet Shopping.
On opening, the Designer Outlet Algarve will integrate more than 50 fashion and lifestyle brands in a 13,000 m2 area and will offer shoppers permanent discounts of 30% to 70% on recommended sale prices.
The shops will be selling men's and women's fashion, children's clothes and lifestyle and sports brands.
Thomas Reichenauer, Managing Director of ROS Retail Outlet Shopping, commented, "We are delighted to bring to Portugal and the Algarve the international outlet concept adjusted to the characteristics of the region.”
Miguel Guerreiro, Managing Director of the Designer Outlet Algarve, promises exclusive campaigns and events throughout the year, "soon we will open the doors to the largest outlet in the Algarve, offering all our visitors exclusive access to fashion and lifestyle brands in an inspiring environment.
“In addition to access to permanent discounts up to 70%, we will provide exclusive campaigns and events throughout the year, highlighting the attractiveness of the Algarve beyond the summer months and enhancing the fashion sector as one of the region's attractions. It is with great pride that we are already members of the Algarve Tourism Association."
With the opening of the Designer Outlet Algarve, the shopping complex is complete.
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* The Mutschler Group is a family-owned and operated company without third-party shareholders whose core business is the development and realization of commercial property projects.
The roots of the Group go back to the retail furniture business. Continuous development of properties for its specific retail business increased its expertise and range of experience in the commercial property sector over the years. This led first to the formation of Erwin Mutschler GmbH in Ulm and later to the founding of MIAG Mutschler Immobilien AG in Zurich.
The 20 or so employees working in the Ulm and Zurich offices have all the competence required – structural, legal and financial – to realize complex property development projects.
Once completed, the projects often stay in the Mutschler Group’s portfolio. Sometimes, however, projects are sold to create liquidity for new projects.
