CapMan and Agat Ejendomme have agreed to sell Denmark’s only outlet village Ringsted Outlet to Patrizia for DKK 390 million.
CapMan Nordic Real Estate Investment S.À.R.L. in their joint venture with Agat Ejendomme A/S have signed a sale and purchase agreement for the sale of Ringsted Outlet to Patrizia for DKK 390 million (c. €52 million), representing one of the only outlet centre sales to take place in continental Europe since before the start of the COVID-19 pandemic. Closing is scheduled for 31 January 2023. The asset will be included within Patrizia’s fund TransEuropean VII LP (TEP VII).
Originally opened in 2008, the c. 13,400 square metres scheme has evolved from a relatively unfamiliar concept in Scandinavia to a well-established premium outlet centre with proven performance and brand loyalty. With a total of nearly 50 retailers and two restaurants, the open-air village is anchored by top performers Hugo Boss, Nike, Adidas, Levi’s and Peak Performance. Ringsted Outlet proved resilient throughout the COVID-19 pandemic and in fact, despite only 10 months of trading due to forced store closures, 2021 was Ringsted Outlet’s best year on record in terms of both footfall and turnover.
Source: capman.com on the 21th of December 2022
https://www.capman.com/2022/12/capman-and-agat-ejendomme-have-agreed-to-sell-denmarks-only-outlet-village-ringsted-outlet-to-patrizia-for-dkk-390-million/