Lalandia Grows by 20,000 sqm Retail

Lalandia creates an outlet center. Image: Søren Lamberth
Lalandia creates an outlet center.

Denmark Denmark Lalandia in Billund will, together with a British investment company, erect a 20,000 sqm designer outlet in close proximity to Lalandia.

2017-06-09

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Lalandia Billund has entered into a conditional agreement with Resolution Bido regarding the erection of an outlet center. The agreement entails that they create a joined company named Billund Designer Outlet.
 
The investment company will own 10 percent while Lalandia owns 90 percent. The outlet center will be construction in two separate phases, where the first consists of 12,000 sqm retail area and the other 8,000 sqm. Restaurants and cafés will be added as well.
 
The fulfillment of the terms of the agreement is expected to take place in 2018.




Martin Burlund
burlund@gmail.com
estatemedia.dk




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