Ringsted Outlet

Ringsted, Denmark

Planned operational measures:

  • 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.

The favourable trend of the past few years has continued into 2017, and the centre continues to grow both revenue and footfall. The footfall index for 2017 to date is 113 relative to the same period of 2016, and the revenue index is 109.

Continuous efforts are being made to optimise the tenant mix, and a number of new tenants opened outlets in the centre in 2016. An additional number of new outlets have opened in 2017. Schiesser and Lindt both opened outlets in spring 2017, Ecco and Betty Barclay both opened in June 2017, Kappa opened in July 2017, and Skechers and H&M opened in August 2017. In addition, leases have been signed with, among others, Lacoste and Moss Copenhagen, which have both opened outlets in September 2017. As a result, the occupancy rate has gone up to 94%. 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.