Rosada Outlet Centre
A struggling 17,000 sqm centre with an exceptional catchment population and potential for an additional phase. Acquired at a site and development cost of €65Mn.
The Project
Purchased with a 30% vacancy and struggling operational metrics. A new business and marketing plan was created to reposition the brands and tenant line up, refocus the marketing to target the wider 18Mn+ catchment population and realise the possible extension of 8,000 sqm.
The results
The revamped operations and marketing team were involved in leasing 4,000 sqm of vacancy, increasing retailer sales by 33%, signing 50 new leases and pre-leasing over 60% of the 8,000 sqm phase 2. Many new brands were attracted and a substantial profit realised upon sale to McArthur Glen Europe. Sold for €95Mn.
33%
Increase in retailer sales
50
new leases
60%
of phase 2 pre-leased
Interested in working with us?
RELATED PROJECTS
KOMM Offenbach
KOMM is a 16,000 sqm shopping centre, main tenants include Gerry Webber, H&M, Muller, Bijou Brigitte, Deichmann.
Europa Centralna
With an area of 67,000 sqm, Europa Centralna is one of the largest commercial buildings in Poland and Europe, offering both retail and leisure, located at the Sosnica Interchange in Gliwice.
Liberty Wharf, Jersey
Liberty Wharf is a shopping centre in St Helier, Jersey, which opened in November 2010. Much of the site is a former abattoir which was restored and converted for use as a shopping centre.