Revenue jump for shopping outlet following expansion

Original Source: insidermedia.com

Revenue has increased by 7 per cent at a Lincolnshire shopping outlet in the year since it expanded its leisure offering.

Springfields Outlet has also revealed that footfall also rose 5 per cent since the launch of Adventure Land.

Owned by the Triton Property Fund, managed by UBS, and asset managed by Sanderson Leisure and Retail (SLR), Adventure Land was designed to attract a broader customer base to the destination.

Ian Sanderson, director at SLR, said: “The provision of the integrated leisure offer has really brought the scheme to life. Springfields has been doing exceptionally well, bucking retail trends when compared to full-price destinations, and Adventure Land has helped to really accelerate this.

“The destination is increasingly making a name for itself as a must-visit attraction in the region.

“With something that appeals to everyone, we are confident that the planned expansion will help to drive the destination forward, creating an even more dynamic and appealing offer to an even broader catchment.”