TORG and Rioja Estates Join Forces on Two Outlet Developments in Sweden and the UKJanuary 26, 2022
Published by Across-Magazine.com
TORG International has forged an alliance with UK outlet developer Rioja Estates. In a first step, two active outlet projects under development by Rioja Estates will be jointly marketed and leased – Malmö Designer Village in Southern Sweden and Grantham Designer Outlet Village in the UK.
Robert van den Heuvel, Partner Development & Leasing TORG International says: “It was at Mapic 2021 that we established this new collaboration with Giles Membrey and his team at Rioja Estates, whom we have known for many years. We were impressed by the quality of their two latest developments in Sweden and the UK and are therefore delighted to be able to share our enthusiasm with the tenant community and industry at large.“
Barbara Horatz, Partner Marketing & Retail TORG International adds: “We feel that both developments meet all the key criteria for a successful future outlet: strategic location on a major motorway axis, important catchment, strong tourism potential, significant size, qualitative and sustainable architecture.”
Both schemes have planning consent, Grantham is under construction and will open in Autumn 2023, Malmö is planning an opening in Summer 2025.
Serving the cross-border catchment of Southern Sweden and Denmark, Malmö Designer Village benefits from an enormous catchment. Located at the heart of the UK, Grantham Designer Outlet Village is located on the country’s third most travelled motorway, the A1 connecting London with Northern England. With a significant catchment of 3.75 million within 60 minutes, it is projected to attract 3.5 million visitors annually.
Giles Membrey, Managing Director of Rioja Estates, concludes: “We see Malmö and Grantham as the beginning of a great collaboration for our two companies – there are many more opportunities for joint outlet developments that we see ahead of us and that we are already discussing, be it in Europe or in any of the other major markets globally.”
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