PRESS RELEASE RBS Real Estate Asset Management appoints Realm as asset manager at The Outlet, Banbridge. RBS Real Estate Asset Management (RBS) today announces the appointment of outlet specialist Realm as asset managers of The Outlet, RBS’ 204,000 sqft scheme at Banbridge in Northern Ireland. RBS has appointed Realm on all property, leasing and asset management issues, and will work alongside Realm to deliver revised masterplan proposals aimed at revitalising and repositioning the scheme in Northern Ireland’s retail market. A planning application is currently being considered by the local authority for the development of an eight screen cinema and new restaurant and leisure space. A new 60,000sqft Tesco superstore is also due to open opposite the centre which will drive significant additional footfall. Neville Paterson, Global Director, RBS Retail Asset Management, said: ‘We made the decision to appoint a specialist factory outlet asset manager to work alongside RBS to ensure that we deliver the best possible masterplan for The Outlet. Realm are the largest outlet centre operator in the UK and we believe their specialist skills are ideal for the change implementation at The Outlet. We are committed to the repositioning of the scheme and are confident that we will deliver a proposal which has significant benefits for the local retailers and local community.’ Colin Brooks, Realm Managing Director, said: ‘We are delighted to have been chosen by RBS to work with them on The Outlet, we are convinced the evolving masterplan for the scheme will drive significant change and successful business performance for existing and new occupiers.’ For further information please contact: Colin Brooks, Managing Director, Realm Tel: 01625 581 580 FTI Consulting - for RBS Richard Sunderland /Stephanie Highett /Nick Taylor Tel: +44 (0)20 3727 1000 [email protected] PRESS RELEASE Notes to Editors RBS Real Estate Asset Management was created in June 2013 to ensure optimal shareholder returns for RBS’ shareholders by maximising the value of RBS’ property assets ahead of sale, thereby avoiding the double discount resulting from loan sales. In addition, Real Estate Asset Management will add value by: Providing ‘intelligent’ property and investment asset management services Enabling more informed and timely decision making, thereby improving liquidity and unlocking value Allowing sales and asset management initiatives to be implemented more quickly and efficiently Optimising returns through intelligent exit solutions Creating a flexible and scalable alternative to buying in assets. RBS Real Estate Asset Management’s products and service lines are extended across the entire property exposure. Realm was established in 2002 as an all encompassing “one stop shop” asset management business operating in the retail property sector. As the popularity and number of factory outlet centres has increased over the last 12 years, Realm has enhanced the core “outlet” proposition with significant introductions of new tenants, food and beverage operators and leisure attractions making their portfolio of UK outlet centres valid destinations with considerable pulling power. Realm are now the largest outlet centre operators in the UK and are also now developing their asset management skill sets into the full price shopping centre market. Realm expertise lies in the following areas • Experts in the capture and analysis of retailer sales data. • 12 years experience in the operation of turnover leases. • Specialist in house marketing team, providing bespoke and research-led strategies, with evidence based outcome analysis. • Established contacts at principal level in key retail organisations. • Bespoke sales data analysis and modelling software. • Proven ability in creating and implementing optimum tenant mix strategies. • First class record of rent collection undertaken by dedicated Finance Team. • Bespoke business planning, strategy review and client reporting. • Specialist and experienced development team. • Experienced in house property management team mandated on client accounts. ENDS