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 has continued into 2018, and the centre continues to grow in terms of both revenue and footfall. 

In terms of tenant mix, the centre has been strengthened significantly over the past two years. A substantial number of new tenants opened outlets in the centre in 2016 and 2017, and the occupancy rate is currently 92%. Constructive dialogue is still ongoing with several prospective tenants with a view to attracting new strong brands and lifting the occupancy rate, and an even stronger outlet centre is expected to emerge 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, for which purpose the local development plan work has begun.