Shopping Centers Today International

MAR 2016

Shopping Centers Today is the news magazine of the International Council of Shopping Centers (ICSC)

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With headquarters these days in a sleek, chrome office building outside Madrid, Neinver has be- come a pan-European powerhouse with operations across seven countries, investment ties to such im- portant global entities as KKR and TIAA-CREF, and a collection of 15 outlet malls. The company operates the second-largest portfolio of outlet malls in Europe, totaling some 317,000 square meters (about 3.4 million square feet) of gross leasable area, under the Style Outlet and Factory brands. Last October Losantos y del Campo's son, Dan- iel, who was managing director, became Neinver's new CEO — the first the firm has had since 2011, N 1969 JOSÉ MARÍA LOSANTOS y DEL Campo started a construction business in Calahorra, La Rioja, a small town in northern Spain's most famous wine region. Business was good: In a 2010 interview, he estimated that the company had built some 90 percent of the province's wine storage facilities. Now, nearly 50 years on, business is even better. The company, called Neinver (derived from a contraction of ne- gocios and inversión, the Spanish words for "business" and "commerce"), has grown far beyond Calahorra, which even today has a population of fewer than 25,000. when Manuel Lagares left to take the reins at Banco Financiero y de Ahorros. Losan- tos y del Campo remains chairman. But Daniel Losantos' elevation may point as much to where the company is going as to the responsibilities of his new post. Given the changes in Europe and in the business world of these past five decades, it is per- haps unsurprising that the challenges the young executive faces are vastly different from those that confronted his father back in Calahorra. Besides the industrial con- struction business, he will be managing a retail segment in which investor interest is rising and high-quality sites are becoming increasingly difficult to find. "Compared to the previous year, we are I The next chapter Daniel losantos has taken the reins at ever-evolving neinver By Bennett Voyles n e w s m a k e r s 52 s C T / M a r c h 2 0 1 6

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