McArthurGlen Group, U+I, Rioja Developments and Aviva Investors have announced a joint venture to develop a new designer outlet in Cannock, 30 minutes from Birmingham.
U+I and Rioja Developments secured planning for Cannock Designer Outlet from Cannock Chase District Council in September 2016.
The JV will see a combined investment of more than £160m in the project with the development spanning 285,243 sq ft across two phases. Construction of phase I will begin in early 2018, delivering over 80 stores
Aviva Investors is acting on behalf of Aviva Life and Pensions and the Richardson Family.
Once it is completed, McArthurGlen will manage the centre.
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