KLM Retail are delighted to have advised Landsec in its purchase of a major portfolio of three outlet centres from Hermes Investment Management for £332.5m. The portfolio, consisting of Clarks Village in Street, Freeport in Braintree and Junction 32 in Castleford, adds to Landsec's two other outlets, Gunwharf Quays in Portsmouth and Galleria in Hatfield.
Given KLM Retail's major role in bringing brands such as Coach, Armani and Michael Kors to Gunwharf Quays, we have been appointed by Landsec to act as leasing agents across all five schemes. Our understanding of outlet centres gained while working with Landsec over the last four years to turn Gunwharf Quays into one of the leading centres in the UK, positions KLM Retail as market leaders in the sector. We look forward to working with Landsec, and using our expertise and knowledge to take all five outlets forward through enhancement of the tenant lineups and improvement of the sales densities.
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