Patrizia snaps up Denmark’s only premium outlet village | News

Patrizia snaps up Denmark’s only premium outlet village | News

Patrizia’s seventh pan-European property fund is buying Denmark’s only premium outlet village from CapMan and AGAT Ejendomme for DKK390m (€52m).

Best Choice

39" Slick wool wrap coat with exaggerated collar and tie belt

Adjustable button closure
Body welt pockets
Fully lined with logo lining
special size type: standard
weave type: Woven

Best Choice

Keep you deliciously warm in the icy days of winter, in great style!

Full Length Mink Fur Coat with Shawl Collar & Bracelet Cuffs (Demi Buff, XS)
Fully lined with silk/polyester blend lining
Hook & eye snap front closures
Made in Greece

Best Choice

Mackage Women's Trish Mid-Length Down Coat with Fur Hood

Long down coat with Asiatic raccoon and rabbit fur on hood with asymmetrical zipper

Zip-front coat featuring fur-lined convertible hood and fleece-lined hand pockets
Leather trim on back waistband

The manager’s value-add TransEuropean(TEP VII fund has agreed to purchase the Ringsted Outlet in partnership avec outlet centre operator REALM.

REALM will own a minority interest in Ringsted Outlet and will act as a third party asset manager for the property.

Ringsted Outlet was opened in 2008 and houses nearly 50 shops and two restaurants. The 13,400sqm asset can be found in the middle of the Zealand region, 50 km outside of Copenhagen.

Charles-Nicolas Tarrière, managing director at Patrizia and fund director of the TransEuropean fund series, said: “Ringsted Outlet is a strong addition to our investment portfolio, consistent with TransEuropean’s balanced income and capital growth strategy.

“We’re pleased to have secured this high-quality asset, which follows several months of meticulous occupier-based research and builds on Patrizia’s 15 years of outlet ownership experience in the Nordic region.

“In addition to the centre’s robust performance and enviable tenant mix, there are numerous value-add opportunities that we will be looking to unlock together with our JV partner REALM.”

Dan Valenzano, managing director of pan-European transactions, and Anders Klingbeil, Patrizia Denmark Country Manager and head of asset management, said: “The acquisition of Ringsted Outlet represents an exciting expansion of Patrizia’s €2.5bn Nordic real estate portfolio and increases TEP VII’s strategic presence in the Danish market.

Best Choice

Chilliwack Down Bomber Coat in black with stretch rib waistband and cuff, exterior pockets, adjustable tunnel hood

Shell: 50% polyester, 50% cotton
Two-way zipper closure

“The outlet sub-sector continues to outperform traditional retail segments thanks to its strong value proposition, unique customer experience and the close alignment on performance that turnover rents provide.

“We look forward to enhancing Ringsted’s retail offering in partnership with REALM, as well as pursuing further outlet centre investment opportunities in Europe.”

Torsten Bjerregaard, a managing partner at CapMan Real Estate, said: “The outlet centre market has proven to be incredibly resilient with sales at Ringsted Outlet outperforming pre-pandemic levels.

“The new shopping habits that have developed over the past few years mean that outlets are more popular than ever. Customers are reconnecting with experiential retail and continue to seek out discounted high-quality goods in a comfortable, open-air shopping environment.”

Robert Andersen, CEO at Agat Ejendomme said: “I’m proud to be the initiator of the development of the only outlet village in Denmark. The KPIs at Ringsted have been steadily improving since its inception in 2008, confirming the quality and effectiveness of the outlet centre’s management.”

Bruun & Häjle, DLA/PwC, KHR, Colliers and KHR advised Patrizia. CBRE, Kromann Reumert, and EY represented the seller.

To read the most recent edition of the latest IPE Real Assets magazine click here.

Hot Topics

2022 kentucky derby outfits ,
Coach Outlet Sale, 80s fashion trends are back, 90s fashion hip-hop style
Source link

Nicole Miller Women's Hampton Lace Back Gown

Jenny Yoo Women's Spencer V Neck a Line Taffeta Gown

Badgley Mischka Scoop Neck Floor Length Sheath Dress 


Previous articleEagles gear sales help ‘hot girl’ merchandise sellers ahead of NFC championship game
Next articleGrammy Awards 2023: Harry Styles is CONFIRMED to perform along with Lizzo, Bad Bunny, and Sam Smith


Please enter your comment!
Please enter your name here