McArthurGlen Promotes Managing Director of Development

LONDON, 21 JUNE 2023 – McArthurGlen Group, Europe's leading owner, developer and manager of designer outlets, is pleased to announce the promotion of Michael Natas to Managing Director of Development, reporting to the Group’s Co-CEO Joan Jove. In his new position, Natas will be responsible for leading the Development and Construction teams as they implement McArthurGlen’s asset development strategy across its portfolio of 25 designer outlets in Europe and Canada. 

In his new role, Natas will oversee an active development pipeline that is set to deliver nearly 50,000 additional square metres of GLA over the coming years. Significant expansion works are planned across the Group’s portfolio, including at its designer outlets near Vancouver, Birmingham and Málaga, as well as numerous refurbishment and enhancement projects.   

Natas began his career at McArthurGlen in 2005 as Development Manager, delivering increasingly large investment projects across Europe before eventually rising to Joint Managing Director for Development in 2017. During his career, the company has grown its retail space by more than double, from 300,000 square metres to 685,000 square metres. 

Meanwhile, the Group’s Joint Managing Director for Development, Gary Bond, will transition into the role of Executive Development Advisor. In his new position, Bond will remain a key partner to the company, continuing to support development activities and strategy. 

McArthurGlen’s Co-CEO Joan Jove said: “We are very happy to see Mike assuming this wider role after 18 years at McArthurGlen. His breadth of experience includes the realisation of our newest centre, Designer Outlet Paris-Giverny, the development of Designer Outlet Provence, as well as Designer Outlet Málaga, our first-ever project in Spain. We are confident that he is the right person to be leading our Development team into its next chapter.” 

He continued: “At the same time, we would like to extend our sincere gratitude to Gary Bond for his many years of trusted and valued direction. We are delighted he will continue to be a source of advice and practical knowledge in his new capacity as Executive Development Advisor.” 

This announcement follows the highly successful opening of the Group’s new shopping destination, Designer Outlet Paris-Giverny, which opened in April 2023. Paris-Giverny is McArthurGlen’s fourth centre in France, serving the fashionable catchment to the west of Paris as well as the millions of tourists who visit the French capital and the Normandy region each year.