La Cartiera is the dominant and newly designed prime shopping centre in Pompei, half way between Naples and Salerno in Italy. The core catchment area comprises 540,000 people with a population density of 1,000 inhabitants per sq.km., five times the Italian average. La Cartiera offers an attractive tenant mix including strong fashion anchors and a high quality of stay due to a modern mall design and a variety of gastronomy units.
The Investment Strategy
- Acquired in 2015 by the ECE European Prime Shopping Centre Fund II
- Value-add potential through releasing (major opportunity to increase rental income; 95+ leases expiring in holding period), potential extension and centre management activities
- Optimize branch and tenant mix by replacing underperforming tenants, introduction of new international fashion and leisure tenants