Ringsted Outlet

Ringsted, Denmark

Planned operational measures:

  • Optimise the tenant mix.
  • Boost the occupancy rate (dialogue is ongoing with several prospective tenants).
  • Make preparations for contemplated expansion of the centre with a second phase.

The favourable trend of the past few years continued in 2017, and the centre continues to grow in terms of both revenue and footfall.

Continuous efforts are being made to optimise the tenant mix, and the centre has been strengthened significantly over the past two years. A number of new tenants opened outlets in the centre in 2016, and 2017 also saw new store openings by, among others, Schiesser, Lindt, Ecco, Betty Barclay, Kappa, Skechers, H&M, Lacoste and Moss Copenhagen. A few tenants have left to make way for stronger brands. The occupancy rate is 92%. Constructive dialogue is ongoing with several prospective tenants, and it is expected that the outlet centre will become even stronger in the course of the coming year.

Ringsted Outlet is a 50/50 joint venture. The other 50% stake is owned by CapMan Real Estate. Over the coming year, the owners will continue to develop Ringsted Outlet and further explore opportunities for expanding the centre, while at the same time investigating its sales potential.