PATRIZIA, a leading partner for global real assets, has agreed the acquisition of Ringsted Outlet, Denmark’s only premium outlet village, through its flagship value-add fund TEP VII. The outlet is located in the heart of the Zealand region, just 50 km outside of Copenhagen, and within a 45-minute drive of more than 2 million people.

Spanning over 13,400 sqm of retail space, Ringsted Outlet has an occupancy rate of 97%, and features a strong brand mix with a number of key anchor tenants, including Nike, Hugo Boss, Levi’s and Adidas, as well as numerous other international fashion brands such as Guess, Lacoste and Gant. The property is easily accessible by car and benefits from good public transport links, with direct trains from Ringsted to central Copenhagen in just 35 minutes.

In line with broader outlet trends, the asset delivered strong performance in 2021, with turnover and footfall both materially up on pre-pandemic levels. Ringsted Outlet also benefits from substantial value-add opportunities, with the potential to expand its GLA to further strengthen its premium tenant mix and enhance the overall customer experience.

 You can now read the full press release at the link below