Outlet Village Pulkovo. Credit: Hines
Ticker

Outlet Village Pulkovo increased sales by +37% in 2019

Hines, the international real estate firm, announces 2019 results of Outlet Village Pulkovo. Double-digit growth of the outlet village’s sales and footfall indicators over the past year demonstrates the continuously increasing interest of city residents and tourists.

The outlet village format continues to attract customers from St. Petersburg and guests of Russia’s northern capital. The growing popularity of Outlet Village Pulkovo is confirmed by the results of the shopping mall in 2019 – compared to last year as sales and footfall of the outlet village showed a double-digit increase.

Sales and footfall

Compared to 2018, total sales at Outlet Village Pulkovo showed a + 37% growth. In terms of Like for like the increase was + 30%. In 2019, over 1.8 million customers visited Outlet Village Pulkovo, which is a growth of + 32% compared to 2018.

Tourism at Outlet Village Pulkovo

Outlet Village Pulkovo continues to be a popular destination for shopping among foreign tourists, mainly from the Asian region. In 2019 the majority of travelling visitors came from Thailand (34%) followed by China, Taiwan, Hong Kong and Singapore. Among other foreign customers were tourists from Vietnam, India and Indonesia. Compared to 2018, the tourist flow to the outlet village grew by + 30%.    

New tenants

Last year a total of 22 brands opened their stores at Outlet Village Pulkovo, amongst them:  Bosco Outlet (Max Mara, Etro, Paul Smith, Moschino, Weekend Max Mara, Ermanno Scervino), Tissot, Boggi Milano, DIM, Tamaris, L’Etoile, Marc&Andre, Naumi and Marc Cain. At the same time, BABOCHKA relocated to a bigger unit of 392 square meters. In terms of restaurants, there was the opening of BB&Burgers, which brings the offer of restaurants in the outlet mall up to five.

“Outlet Village Pulkovo has established itself as the reference of outlet shopping in Saint-Petersburg, both for local citizens as well as for domestic and international tourism,” commented Antoni Gascon, Director of Retail & Operations of Hines Russia. “The authenticity of our project, the quantity and the quality of brands and the synergy that we have with our tenants drove us to great results in 2019, welcoming more than 1.8 million visitors. This year our aim is to surpass 2 million.”

Sign up for our ACROSS Newsletter. Subscribe to ACROSS Magazine.

Ticker MORE

PropTech solution enables easier and faster sales reporting across retail real estate sector

Retail property owners and managers across Europe are removing friction from the process of collecting tenants’ turnover data by using Chainels, the tenant experience app.

Placewise Wins ​​PropTech Breakthrough “Commercial Property Management Platform of the Year”

The annual awards program recognizes innovation in the global real estate technology industry. The company wins the awards for second year in a row with Tenant Connect.

FOCUS with new tenant – Ukrainian start-up Bafood set to open another restaurant in Warsaw

Bafood, a Ukrainian delivery-first restaurant concept, has joined the list of tenants of the FOCUS building in Warsaw. JLL Poland, a leader in the country’s real estate consulting sector, assisted in the leasing side in the transaction.

CHARLES TYRWHITT UNVEILS FIRST OF ITS KIND STORE AT CENTRE:MK

British menswear brand, Charles Tyrwhitt, has officially unveiled the first of its new store design at centre:mk, one of the top 10 retail destinations in the UK.

ANCHOR BRAND SUPERDRY OPENS AT ICON OUTLET AT THE O2 AS THE DESTINATION CONTINUES TO OUTPERFORM

Icon Outlet at The O2, developed by AEG and Crosstree Real Estate Partners, has announced the opening of Superdry, the premium apparel brand. The opening coincides with a record-breaking summer trading period across The O2’s Entertainment District and Icon Outlet.

VIA Outlets Appoints Thierry Seang as Investment Director

VIA Outlets, the industry-leading owner-operator in redefining the outlet shopping experience across 11 premium outlets in Europe, announces the appointment of Thierry Seang as Investment Director.