Centres | Livingston Designer Outlet
83
Retail Units
14
Cafes, restaurants and bars
1,774
Car parking spaces
300,000
Sq ft
6.6m
Visitors p.a.
A £7m redevelopment project has repositioned the scheme and continues to attract more aspirational shoppers, from further afield, having created a retail environment that exceeds expectation.
Acquired by Blackstone in September 2017 following an intensive three year turnaround project, Livingston Designer Outlet has undergone an ambitious programme of mall modernisation works.
The current covered mall style centre is anchored by M&S, Next, Clarks, Nike Factory Store and enhanced by a raft of designer and lifestyle brands, an 8 screen Vue cinema and indoor golf attraction.
Premium stores include Ted Baker, Tommy Hilfiger, Reiss, Barbour, Calvin Klein, Boss and Lacoste although the vision is to bolster this line up significantly.
Background Information
Purchased by Lasalle at the end of 2013, Multi-Realm undertook a strategic repositioning of the scheme to make the centre more efficient and address historic void issues.
Within 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 reducing irrecoverable costs.
The centre was sold in 2017 to Blackstone who has retained Realm as asset and property managers to further develop and improve the scheme including a major £7m refurbishment in 2019 which was awarded a Revo Gold Award.
Located between Edinburgh and Glasgow, just off the M8 the outlet attracts 6.6 million visitors each year and there are 4 million people within a 90 minute drive time. The centre has access to more than half of Scotland’s population and with twice weekly flights from China and over 150 cruise liners docking in Edinburgh per annum, there is an increasing contribution from tourists.
Enquire today
Enquire now about this stunning premium designer outlet by emailing: leasing@realm.ltd.uk.