Business
M&G : BauMont completes acquisition of Città Sant’Angelo Outlet Village
M&G : BauMont completes acquisition of Città Sant’Angelo Outlet
About this update from M&g Plc
London, 2 July 2026 - BauMont Real Estate Capital, the pan-European value-add real estate investment manager that is part of M&G Real Estate (M&G), with a track record spanning over two decades, announces the acquisition of Città Sant'Angelo Outlet Village, a retail scheme located near Pescara in Abruzzo, Central Italy, from a fund managed by GWM. Reve Asset Management, GWM's retail-focused asset management and investment company, which has overseen the asset's repositioning since 2020, will co-invest alongside BauMont and remain as operating partner. Spanning approximately 29,000 sqm across 110 units, the scheme offers a mix of national and international brands and serves a catchment of over 1.8 million people, attracting around 1.7 million visitors each year. With occupancy already high, BauMont is now focused on driving the next phase of value. This will involve finalising the letting of the centre's recent extension and enhancing the overall customer experience to reflect evolving consumer and retailer needs. This investment further reinforces BauMont's strategy of acquiring well-located assets across Europe, where it can drive value through active asset management and targeted improvement initiatives, while drawing on the strength of M&G Real Estate's €39bn platform. Olivier Vellay, Partner at BauMont Real Estate Capital, commented: "This acquisition reflects our strategy of targeting high-quality assets with the potential to enhance income and deliver long-term performance. Supported by strong tourism, resilient demand and limited new supply, the Italian outlet sector offers compelling fundamentals. As the only branded outlet within a two-hour drive, Città Sant'Angelo benefits from a well-established catchment, strong consumer demand and limited competing supply, and is well positioned to capitalise on these dynamics. Partnering with GWM, an experienced asset manager we have worked with before, we are well placed to unlock the next phase of value at the asset and generate attractive returns for our clients."