Our Track Record

Livingston Designer Outlet

Livingston Designer Outlet

  • Realm undertook a strategic repositioning of this scheme securing 29 new lettings
  • Improved the occupancy from 85% to 97%
  • Grew the net income by 50% in three years

Realm undertook a strategic repositioning of the scheme to improve efficiency

Bought by Lasalle at the end of 2013, Realm undertook a strategic repositioning of the scheme to make the centre more efficient and address the historic void issues.

In three years, Realm achieved 29 new lettings, improved the occupancy from 85% to 97% and grew the net income by 50% through rental growth and reduction in irrecoverable costs.

The centre was sold in 2017 to Blackstone who has retained Realm as asset and property managers to further develop and improved the scheme including a planned £7m refurbishment.

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London Designer Outlet

London Designer Outlet

  • Realm set up management and operation 2 years before opening
  • Advised on tenant mix, marketing and leasing
  • Achieved 5m footfall in first 12months
  • 5th best performing outlet in Europe within 2 years of opening

The centre has quickly established itself as one of the leading outlets in the UK and Realm continue to drive the improvement

Whilst the scheme opened for trade in 2013, Realm’s involvement started in 2011, working with the developer and current owner Quintain to set up the management and operation of the centre as well as advising on tenant mix and leasing the scheme prior to opening.

The centre has quickly established itself as one of the leading outlets in the UK and Realm continue to drive the improvement in tenant mix as well as advising Quintain on other retail elements and development initiatives of the Wembley Estate.

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Dalton Park, Co. Durham

Dalton Park, Co. Durham

  • Realm delivered a transformative mall enhancement project, driving improved tenant mix and occupancy levels
  • Significantly increased dwell, spend and satisfaction

The revitalised scheme is now well placed to maintain the immediate sales growth that has been achieved in 2017

Realm has recently completed a £3m refurbishment of this centre having been appointed to manage the scheme in 2015 on acquisition by the TH Realm Estate who also funded a substantial extension to the scheme to provide a Cinema and F&B units. 

The revitalised scheme is now well placed to maintain the immediate sales growth that has been achieved in 2017 along with the improvement in tenant mix and net income which is ahead of the acquisition business plan.

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Princes Quay

Princes Quay

  • Realm has managed a development budget of £20m to deliver an innovative project which blends an outlet and full price retail offer in a city centre location
  • Added over 1m to annual footfall

Realm’s approach has been widely praised as a potential model for other schemes

Princes Quay is the UK’s first hybrid Full price and outlet shopping centre, an innovative scheme delivered by Realm following years of decline and increasing vacancy which suffered in the past from new competition in the city centre for Full price tenants. 

The project, which has seen Realm manage a development budget of £20m is still ongoing with the next stages underway to create and let an attractive F&B line up to complement the retail. 

Realm’s approach and lateral thinking in combing full price, outlet and leisure offers in a centre to differentiate it from the competition as well as restore income and value for the owner has been widely praised and is seen as a potential model for other schemes who suffer from lack of full price demand.

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Resorts World, Birmingham

Resorts World, Birmingham

  • Realm set up management and operation
  • Delivered key leasing targets prior to opening
  • Established as a lifestyle destination

Genting chose Realm to be their retail manager

Located on the Birmingham NEC Estate, Resorts World is a unique leisure and outlet retail destination owned by Genting UK who also operate a Hotel and Casino in the building.

Genting chose Realm to be their retail manager and advise on the set up and operation of the building prior to its construction with Realm leasing the outlet units in the development.

Our in house leasing team  leased 32 units over 18 months to deliver occupancy of 87% when the scheme opened in 2015.

Realm continues to manage  and lease the outlet element of the scheme, working with Genting to maximise its potential.

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Clarks Village, Street

Clarks Village, Street

  • Under Realm's management Clarks Village has grown to be one of the UK’s most successful outlet villages
  • Throughout Realm’s management, averaged 98% occupancy

Realm developed and grew this scheme to become one of the UK’s most successful outlet villages

Clarks Village was one of the UK’s first outlet schemes and Realm managed the centre from 1997 right up to 2017 when it was acquired by Land Securities. Over the last 20 years under Realm’s management, the scheme has grown from being a collection of surplus factory buildings to one of the UK’s most successful outlet villages attracting 4m visitors a year.

Realm oversaw the development of 80,000sqft of new space at the scheme as well as the remodelling of 30,000sqft which included the launch of a new F&B terrace in 2014. Net income from the scheme has grown by 40% and throughout Realm’s management, occupancy has averaged 98% whilst at the same time a significant number of high quality, demographically suitable brands have been introduced to the centre through our dedicated in house leasing team.

Freeport Braintree

Freeport Braintree

  • Realm undertook a £6m project to improve the performance of the scheme
  • In 2013 Realm introduced Hollister to the scheme - a UK first for the brand
  • Realm achieved sales density growth of 60% during the period of management

Realm undertook a £6m project to improve the performance of the scheme

Freeport Braintree was acquired by Hermes in 2004 from the original developers, Freeport plc as part of an £200m portfolio purchase Realm advised on.

In accordance with the acquisition Plan, Realm undertook a £6m project to improve the performance of the scheme through a series of remodeling steps with space being taken back and relet to better performing tenants. Also during this time, our development team secured planning for a 100,000sqft retail park scheme next to the outlet and in 2013 Realm introduced Hollister to the scheme, their first (and to date only) outlet store in the UK.

The centre was sold in 2017 to Land Securities having achieved sales density growth of 60% over the period of Realm’s management.

Junction 32, Castleford

Junction 32, Castleford

  • Realm has delivered an attractive and sought after destination with a much improved catchment

An £8m asset management plan saw Realm reconfigure entrances, manage customer flow, remodel and relet underperforming units

Formerly Freeport Castleford, this centre was purchased by Hermes in 2004. When acquired, the centre suffered from poor perception in the  occupational market and a weak tenant mix.

Through an £8m asset management plan to reconfigure entrances, manage customer flow, remodel and relet under-performing units as well as relaunch the centre under a new brand, Realm has delivered an attractive and sought after destination with a much improved catchment as well as strong sales and income growth for the landlord.

The centre was sold in 2017 to Land Securities.

Freeport Talke, Staffordshire

Freeport Talke, Staffordshire

  • Realm delivered a revitalised scheme with growing sales and stable occupancy of over 95%
  • Realm introduced a large space discount operator to secure its footfall

Realm implemented a £5m turnaround project to remodel and relet the space

Acquired in 2004 by Hermes, Freeport Talke suffered a potentially fatal blow when its anchor foodstore vacated at the end of their lease which accounted for 25% of the scheme.

With this scenario built into the acquisition plan, Realm implemented a £5m turnaround project to remodel and relet the space as well as bringing M&S, Nike and GAP to the scheme as well as introducing a large space discount operator to secure its footfall.

From an occupancy which fell as low as 45% before the plan, Realm delivered a revitalised scheme with growing sales and stable occupancy of over 95% making the centre once again attractive to the investment market.

The scheme was sold in 2017 to Karlin Capital

Freeport Fleetwood, Lancashire

Freeport Fleetwood, Lancashire

  • Realm undertook an £8m remodelling project on this scheme to secure key lettings to M&S and Gap

With an £8m investment the project was able to secure key signings to M&S and Gap

Located on the Fylde coast close to Blackpool, Fleetwood is a popular tourist destination.

This centre was acquired by clients of Realm in 2004 from Freeport to deliver a Development Plan encompassing improvements to the customer experience and tenant mix through remodeling and reletting the scheme. 

With an £8m investment the project was able to secure key signings to M&S and Gap and reconfigure the space into a pleasant the two sided shopping mall with covered walkways. 

The centre was sold in 2017 to Karlin Capital.

Astle Retail Park, West Bromwich

Astle Retail Park, West Bromwich

  • Realm developed this site to be the UK's first in-town outlet shopping park

Located in the heart of West Bromwich city centre, this is the UK’s first in-town outlet park anchored by M&S, Gap, Nike Factory Store.

Located in the heart of West Bromwich city centre, this is the UK’s first in-town outlet park anchored by M&S, Gap, Nike Factory Store. 

Launched in 2006, it is located 5 minutes from Junction 1 of the M5.

Atlantic Village, Bideford, Devon

Atlantic Village, Bideford, Devon

  • Realm developed this scheme, funded by MEPC, in 2000
  • In 2008 Realm added an ASDA food store follwing a challenging planning process which included a public enquiry

The scheme, which included a large family leisure element, was augmented in 2008 with the opening of an Asda

Realm were the original development manager of this centre which was opened by MEPC in 2000.

The scheme, which included a large family leisure element, was augmented in 2008 with the opening of an Asda superstore on the site after a lengthy but successful planning application which included a public enquiry.

Having further strengthened the tenant mix by introducing M&S, Nike and Gap, the centre was sold to Development Securities.

Royal Quays, North Shields

Royal Quays, North Shields

  • Realm reeveloped this historic scheme to deliver a much improved tenant mix

Realm developed the scheme at Royal Quays into its current form having remodelled and relet the existing development

Realm developed the scheme at Royal Quays into its current form having remodelled and relet the existing development including bringing M&S and Nike to the scheme as new anchor tenants.

The centre was sold in 2006 to Waxy Developments.

The Outlet, Banbridge

The Outlet, Banbridge

  • Realm stabilised the occupancy and income levels so that the scheme could be successfully be brought to market

Realm stabilised the income of the centre and delivered the existing Business Plan

Working for the senior lender RBS, over a period of two years, Realm was tasked with delivering an attractive proposition which could be brought to market.

Realm stabilised the income of the centre and delivered the existing Business Plan including a cinema and McDonalds drive thru along with the necessary tenant relocations. 

The centre was successfully sold in 2016 to Tristan Capital.