Realm, the specialist independent asset manager, has delivered 29 new leases and re-gears in 2020/1 across its outlet centre portfolio, with deals totalling 140,000 sq ft across the country.
Livingston Designer Outlet boosted its athleisure, fashion and footwear line up with Champion, Dune and Jack and Jones. London Designer Outlet in Wembley has also increased its fashion offering with a total of 36,000 sq ft of leases agreed, including a significant expansion of its sports and athleisure line-up. Elsewhere, Dalton Park in County Durham has diversified its tenant mix through new deals agreed with the supermarket Morrisons, alongside Costa Coffee, Molton Brown and Cotton Traders.
Christine Grace, leasing director, at Realm, said: “Business has continued as usual in many ways as the Realm leasing team has continued to successfully promote and negotiate new deals with brands to take space in our portfolio. What has changed is the way we have liaised with potential occupiers using technology: deploying 360 degree virtual tours of our schemes and showcasing individual units remotely when protocols dictated that a face to face viewing was not possible. With these challenges and fewer trading periods last year, the volume of leases we agreed across Realm’s portfolio seems all the more impressive and ultimately demonstrates a resolute vote of confidence in the outlet offering from the brands that we have been speaking to.”
