Ringsted Outlet

Ringsted, Denmark

Planned operational improvements:

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

In the opening months of 2017, Ringsted Outlet continued the favourable development of the past few years. The footfall index for the first few months of 2017 was 113 relative to the same period of 2016, and the revenue index was 107.

Continuous efforts are being made to optimise the tenant mix, and a number of new tenants opened outlets in the centre in 2016. Schiesser and Lindt both opened outlets in spring 2017. In addition, leases have been signed with Ecco and Betty Barclay, which both opened outlets in June 2017, and with two other interesting tenants, both of which are planning to open in mid-2017. As a result, the occupancy rate has gone up to 89%. At the same time, constructive dialogue is ongoing with several potential tenants, and it is expected that an even stronger outlet centre will emerge in the course of the next year.

Ringsted Outlet is a 50/50 joint venture. The other 50% stake is owned by CapMan Real Estate. In the next few years, TK Development and CapMan Real Estate will continue to develop Ringsted Outlet and further explore the possibilities for expanding the centre.