A trio of new projects awaits us at ROS! Our upcoming center extensions and new developments are the greatest highlights for us at the moment: Designer Outlet Gdańsk, Designer Outlet Algarve and Designer Outlet Kraków.
Designer Outlet Gdańsk will kick off the wave of new projects across the ROS portfolio with its forthcoming center extension by the end of 2024 and will become the flagship outlet destination on Poland’s Baltic coast. Located in a continuously developing region with a growing number of inhabitants, its expansion is therefore a natural and necessary step forward. Designer Outlet Gdańsk will host up to 20 additional stores and a brand-new designer food court, offering customers a new dimension of shopping experience.
The planning for Designer Outlet Algarve´s center extension shows great progress. Thanks to our trading-up strategy, Designer Outlet Algarve has been undergoing an intensive premiumization in recent years, as shown with the arrival of Karl Lagerfeld, Boss, Invicta, Façonnable, Hackett London, Adolfo Dominguez, GANT and many more. The opening of the center extension is planned for 2025, adding 25 new stores to the current offer. Located in one of the most popular holiday destinations in Portugal and Europe with more than 5 million tourists a year, Designer Outlet Algarve is and will continue to be the perfect day-trip shopping destination for travelers from South Portugal and Spain as well as holidaymakers.
Designer Outlet Kraków will be our fourth new project in Poland. With over 100 fashion and lifestyle stores and further cafés and restaurants on 20,000 sq m, Designer Outlet Kraków will be the new smart shopping destination for Kraków and the Lesser Poland region, which is the most popular tourist destination in the country. The construction of the center is progressing at a rapid pace, with the opening scheduled for 2025. As we keep observing, outlet malls and villages are attractive assets for our investors and are outperforming regular retail destinations. We are, therefore, very proud of our strong progress in Poland and Portugal.
