Nuveen Real Estate opens Florentia Village Chongqing

Nuveen Real Estate has officially opened Florentia Village Designer Outlet Mall in Chongqing, China, in conjunction with RDM Asia, the market-leading manager of luxury designer outlet malls in China.

This latest opening is the seventh Italian-style designer outlet mall opened in Greater China by Silk Road Holdings, for which Nuveen Real Estate acts as investment adviser. The outlet represents the first designer outlet in the city and is also the second in Southwest China for the venture. The Italy-inspired outlet chain has already successfully launched in Tianjin, Shanghai, Guangzhou, Hong Kong, Wuhan and Chengdu.

Officially opened on Feb. 3, 2021, the more than 60,000-square-meter (646,000-square-foot) property adds to Nuveen Real Estate’s existing global portfolio of designer outlet malls, which also includes 20 centers across Europe. Florentia Village Chongqing was completed with a total investment of more than $100 million.

The first phase of the designer