Ringsted Outlet

Ringsted, Denmark

Planned operational improvements:

  • To ensure a good tenant mix through proactive dialogue with tenants.
  • To boost the occupancy rate (dialogue is ongoing with several potential tenants).
  • To make preparations for contemplated expansion of the centre with a second phase.

2016 was another year of progress for Ringsted Outlet. In 2016 the footfall index was 110 and the revenue index 113 compared to 2015.

Work on the letting front has included ensuring a good tenant mix, and centre newcomers such as Golfino, Villeroy & Boch, Gant and Guess opened outlets in 2016, while BOSS and Calvin Klein opened extended outlets. Most recently, agreements have been concluded with Schiesser and Lindt, which will both be opening outlets in the centre in spring 2017. The outlet centre’s occupancy rate has reached 85 %. A good dialogue is ongoing with several potential tenants, and the outlet centre is expected to emerge as an even stronger centre after the next year.

Ringsted Outlet has been developed in a 50/50 joint venture with Miller Developments, which sold its 50 % stake to CapMan Real Estate in June 2016. In the years to come TK Development and CapMan Real Estate will carry on developing the centre and thus proceed working on the contemplated expansion of the centre.