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 has continued into 2017, and the centre continues to grow in terms of both revenue and footfall. The footfall index for 2017 to date is 123 relative to the same period of 2016, and the revenue index is 114.

Continuous efforts are being made to optimise the tenant mix, and a number of new tenants opened outlets in the centre in 2016. New outlets have also opened in 2017, including 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 93%. At the same time, constructive dialogue is ongoing with several prospective 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.