The news has been announced by Rioja Estates ahead of its 2024 opening and its proposed start on site in Q1 of next year.
Rioja Estates has announced that 30 per cent of the space being brought forward by the forthcoming Grantham Designer Outlet Village is now committed, with 22 per cent currently in legals. This places the premium East Midlands outlet centre, which will feature a mix of premium, high street and independent brands, in an outstanding position ahead of the planned start on-site in the first quarter of 2023.
The leasing is well ahead of the industry average and peer benchmarking for outlets at this stage of development, signalling continued confidence in the UK outlet sector despite wider retail market woes and recent economic downturn.
Giles Membrey, Managing Director of Rioja Estates, commented: “We are delighted to have seen such strong interest in the scheme this early on in the development, not least given the global turbulence over the last three years. The well-progressed leasing means that we go into the next stage of development with great confidence, knowing that we are bringing to the region an unrivalled, aspirational brand mix that both locals and visitors from afar will know and love.”
