CapMan Real Estate acquires a 50% stake in the leading outlet centre in Denmark
(Thomson Reuters ONE) -
CapMan Real Estate Press Release 13 June 2016 at 11.10 a.m. EEST
CapMan Real Estate acquires a 50% stake in the leading outlet centre in Denmark
The CapMan Nordic Real Estate fund has acquired a 50% stake in the Ringsted
Outlet centre and forms a partnership with the Danish real estate company TK
Development. Ringsted Outlet is the first and leading outlet centre in Denmark.
The aim of the investment is to further develop the centre and its services to
correspond to the increasing demand.
"We are delighted to have the opportunity to participate in this retail niche
that has truly been on the rise in recent years. The growth prospects for the
outlet centre are steady and there are several value creation opportunities
through improving occupancy and brand offering, among others," comments Torsten
Bjerregaard, Senior Partner at CapMan Real Estate.
"We have previous experience with TK Development working on BROEN Shopping in
Esbjerg and we are looking forward to realising the full potential of the
Ringsted Outlet with them," Bjerregaard adds.
The Ringsted Outlet, awarded Denmark's best outlet centre in 2015, covers
12,500 square meters and is the only architect-designed outlet city in Denmark
following the concept of successful international outlet villages. The centre
has a unique location along the E20 motorway in Sealand, a 45-minute drive from
Copenhagen, with a direct rail link to Copenhagen city centre.
Ringsted Outlet has 44 Danish and some of the world's largest international
brands, including Nike, Hugo Boss, Calving Klein and many more. Currently the
outlet is 85% occupied and is expected to be fully let in one year's time. The
centre had 1.5 million visitors in 2015 and has experienced double-digit growth
in recent years, both in terms of visitors and turnover.
The focus of the ?273 million CapMan Nordic Real Estate fund is to acquire
mainly office, retail and residential properties located in established
submarkets of major Nordic cities. The fund was established in 2013 and has made
17 investments of which eight are located in Denmark.
Please find attached photos of the Ringsted Outlet.
For more information, please contact:
Torsten Bjerregaard, Senior Partner, CapMan Real Estate, tel. +44 7715 772 554
CapMan www.capman.com
CapMan is a leading Nordic investment and asset management company. For more
than 25 years, we have been developing companies and real estate and supporting
their sustainable growth. We are committed to understanding the needs of our
customers in an ever-changing market environment. Our objective is to provide
attractive returns and innovative solutions for our investors and value adding
services for professional investment partnerships, growth-oriented companies and
tenants. Our independent investment partnerships - Buyout, Real Estate, Russia
and Nest Capital - as well as our associated company Norvestia are responsible
for investment activities and value creation. CapMan's service business offering
includes fundraising advisory services, purchasing activities and fund
management services to both internal and external customers. CapMan has 100
professionals and assets under management of ?2.7 billion.
TK Development www.tkdevelopment.dk
TK Development's strategic focus is the development of real property, termed
property development, in Denmark, Sweden and Poland. In terms of segments, the
company focuses on the development of shopping centres, multifunctional centres,
retail parks, and office buildings and corporate headquarters, as well as
housing in Denmark and Poland. TK Development is predominantly a knowledge-based
service provider and has specialized in being the productive and creative
liaison between tenants, investors, contractors and other business partners.
RingstedOutlet_1:
http://hugin.info/132028/R/2020074/750173.jpg
RingstedOutlet_luftfoto2_HenrikLarsen:
http://hugin.info/132028/R/2020074/750175.jpg
RingstedOutlet_2016c:
http://hugin.info/132028/R/2020074/750174.jpg
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(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: CapMan Oyj via GlobeNewswire
[HUG#2020074]
Unternehmensinformation / Kurzprofil:
Datum: 13.06.2016 - 10:10 Uhr
Sprache: Deutsch
News-ID 477149
Anzahl Zeichen: 5028
contact information:
Town:
Helsinki
Kategorie:
Business News
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"CapMan Real Estate acquires a 50% stake in the leading outlet centre in Denmark"
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