Issued 20th January 2017
The Realm portfolio of outlet centres produced a stellar set of results in 2016 with total sales increasing by 16%, and like for like growth of 7%. Footfall for the year was +5% on 2015.
December's results were also extremely healthy with increases in total sales of 13% on the previous year and footfall also climbing by +8%.
It was also a record year for leasing transactions across the portfolio with the leasing team delivering 75 new deals across its 10 outlet centre estate, accounting for a total of 150,000 sq ft.
Commenting on the year end figures, Realm's Managing Director Colin Brooks said
"Our portfolio sales growth for the year ending December 2016 and the level of leasing activity reflects growing confidence in the outlet sector from consumers and retailers alike. We are looking forward to delivering further sales growth and tenant mix improvements during 2017"