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5-10 - Fundacja Pro Progressio
Warsaw Retail stock (sq m) EXISTING UNDER CONSTRUCTION PLANNED Retail density 1,386,700 86,000 411,100 Purchasing power index (sq m /1,000 inhabitants) 424 26 126 DENSITY - STOCK DENSITY - UND.CONST DENSITY - PLANNED Standard lease terms Tenants’ structure 27.32% 8.66% 5.78% PRIME RENTS 90-120 PRIME RENTS 70-85 (EUR/sq m/month) - shopping centres 5-10 AVERAGE LEASE LENGTH (years) 13.73% 5.21% 8.97% 17.01% 32 SERVICE CHARGES (PLN/sq m/month) INCENTIVES 182 Per household 141 Vacancy rate (EUR/sq m/month) - high streets 13.30% Per inhabitant Rent free period, step-up rent, fit-out budget H1 2012 H2 2012 0.8% 0.9% 1.6% 2.6% H1 2013 H2 2013 2.6% 1.8% H1 2014 H2 2014 2.7% 1.6% H1 2015 1.5% H1 2011 H2 2011 Economic indicators in 2025 •Population in agglomeration 3,342 •Residence based retail sales •Increase in population till 2025 5.1% •Increase in residence based '000 Shopping centres age (EUR million) 11,580 •Household disposable 10,104 40% •Increase in household 44% retail sales till 2025 income (EUR million) disposable income till 2025 City SWOT analysis • Vacancy level is not stable, however oscillates between 0.5% and 3% •The largest agglomeration in Poland, the country’s business centre 8% 11% •International recognition N STR E OR •The agglomeration attracts international tenants NIT TU IE S ANALYSIS •Development of new districts with no present retail development Poland Retail Destinations Warsaw OP P 5 -10 years old SWOT E below 5 years old •Steady population growth WEA K T HR over 10 years old • Old 1st generation schemes fill in the niches and block development opportunities S SSE NE 81% HS GT S AT •The highest purchasing power index in Poland • Difficult planning conditions prolonging the investment process • 80% of the stock is over 10 years old – a need for refurbishments Poland Retail Destinations Warsaw Dziekanów Polski 7 633 K Izabelin-Dziekanówek Location map Janówek Kiełpin E77 Dziekanów Leśny 61 WARSZAWA 1 0,5 1 0 631 S8 Stare Lipiny 634 KOBYŁKA Mostówka WOŁOMIN 8 3 km Nowe Grabie Nowe Lipiny E67 2 634 635 Nadma 632 NOWY DWÓR Adamówek Małocice S ŁTU PU SK Lipinki Michałów Grabina Jabłonna AŃ ŁYS TO K GD Palmiry Łosia Wólka BIA Jesionka S7 BIAŁOŁĘKA MO Laski STARE BIELANY ŻEROMS AR MI IK IEGO RS ŻOŁN IERSKA A MA NY Kępa Okrzewska DREW OKOPO WA Y ŻWIRKI JEC KA GR Ó A I WIGUR IE SK AL .J ER OZ OL IM . KR AK OW SK AL KI E S IE K MO ER S T KO SK 724 Nowa 801 JÓZEFÓW Ciszyca 712 Łęg 39 721 Chyliczki Chylice 721 Czernidła Gassy Obory IA KONSTANCIN-JEZIORNA 868 724 Parcela-Obory 712 N 721 I generation II generation Habdzin Julianów PIASECZNO 28 OTWOCK 801 721 AR Stara Iwiczna 801 III generation KARCZEW Specialized Otwock Mały Shopping centres in Warsaw Number GLA sq m Number Project GLA sq m Arkadia 103 000 21. Zielony Park Handlowy 25 000 Targowek RP + M1 124 800 22. King Cross Praga 24 200 3. Wola Park 61 800 23. Auchan Modlinska 24 000 4. Centrum Janki 68 500 24. Sadyba Best Mall 23 000 5. Zlote Tarasy 66 200 25. Factory Annopol 19 700 6. CH Krakowska 61 53 000 26. CH Goclaw 18 000 7. Galeria Mokotow 67 200 27. Klif 17 800 8. Janki RP 60 600 28. Fashion House 17 000 9. Blue City 63 400 29. Tesco KEN 14 600 1. 2. Project Żanęcin Obórki Opacz LW ZN Iwiczna OW OL I 721 RO J .) Józefosław 17 Emów 721 Okrzeszyn KA Lesznowola ES 721 711 Bielawa 20 Mysiadło Wiązowna DĘBLI W WILANÓW RA 721 Zgorzała Nowa Wola (P KRAKÓ S2 GÓ Magdalenka Łazy NATOLIN STACJA TECHNICZNOPOSTOJOWA METRA KOZIENICE Walendów UŻ EW I ECKA AL. S IKOR SK AL . PO W ŚL ST ĄS AŃ KIC CÓ H W DŹWIGOWA D.) (BU ICA OL EA-W SAL OM SA TRA OB Boryszew S2 W AŁ MI ED ZE S ZY ŃS KI Kierszek 721 Kajetany Stara Wieś KA 79 L Nadarzyn Terenia ©EURO PILOT Sp. z o.o. OWS KABATY Zamienie Podolszyn Sękocin Nowy Janczewice Słomin IC A DN WO TO KA Sękocin Stary CE WI Żółwin 7 E77 8 Michałówek OJ.) URSYNÓW S2 29 Majdan 17 LIN E67 14 E30 LCE B LU MILANÓWEK IMIELIN SIED (PR .K EN Stary Konik S2 Izabela KI Wolica Strzeniówka ILAN Dawidy Bankowe Laszczki ELS UB TL AK TR Otrębusy Łady WAWER 724 AL. W 33 AL Królewskie Brzeziny 2 E30 Góraszka EN Kanie 720 Owczarnia Falenty 8 S2 2 E30 721 PUŁAWSKA PODKOWA LEŚNA Jaworowa Dawidy 24 Grabina SULEJÓWEK Zakręt URSYNÓW STOKŁOSY Janki Suchy Las 719 Opypy 4 Sokołów RZ S K Y MO IEG W Ł O - DOLIN A S 79 (PROJ.) S2 .K Granica Pęcice Małe SŁUŻEW Rybie Raszyn E77 E67 RSKA S79 Nowe Grocholice8 7 B. CZECHA 801 OWA ZÓŁK ZYC Komorów YNA 638 638 KA AL Nowa Wieś ZAW Y 7 WILANOWSKA MAR 706 IEC 2 PR Parzniew A PŁ OW 2 MOKOTÓW WIERZBNO 634 NK S17 631 637 A Pęcice 720 R RA ŻY W DÓ Michałowice Wieś 719 37 Grudów Michałowice-Osiedle 34 6 HY WŁOCHY WARSZAWA LOTNISKO CHOPINA RACŁAWICKA WESOŁA ICZ PRUSZKÓW SKA PUŁAWSKA BRWINÓW 35 ZOW 7 8 79 AŁOP USZA Ń 634 A M Długa Szlachecka OKUNIEWSKA 637 637 724 A TRAS KOWS KA KIER SIE 637 CYRULIKÓW A RS N RT WIE E30 SZC 40 REMBERTÓW 631 A A2 KLE S IM OL OB R OZ WO . JE S8 DN AL ICA POŁ 719 UDN I Reguły Opacz Kolonia OWA W AR S E30 PIASTÓW 631 OCHOTA WĘGRÓW S17 ÓW IOT E30 A2 Moszna Wieś Krosna-Wieś 720 634 TR PA PRUSZKÓW 11 9 38 719 URSUS S2 718 Biskupice Okuniew 629 SK 701 Krosna-Parcela S17 SIŃ W PO Duchnice 701 718 KONOTOPA A2 Konotopa POLE MOKOTOWSKIE A 700 634 16 SK AKOW CZERNI Płochocin ZĄBKI 26 22 13 PUŁAWSKA ŚCI LEGŁO 700 15 31 Mory Bronisze Ożarów 18 5 D IEPO AL. N Ołtarzew Domaniewek I 1 27 637 AŁRSZ MA WSKA KO 718 92 Płochocin 634 KA ŃS LO ŻE E EL GI RZ JA WYBLSKIE EŻEE HE YBRZŃSKI W DA G Koprki ZEW 3 DWORZEC GDAŃSKI 634 637 WA Pogroszew 30 801 Ostrowik ZIELONKA ŁODYGOWA 634 TARGÓWEK PL. WILSONA ARO TOW Topolin SOCHAC 12 19 888 Pogroszew-Kolonia Stare Babice Zielonki-Wieś RYMAS A T YS IĄCLECIA AL. P Borzęcin Duży Myszczyn Kwirynów Koczargi Nowe 580 Borzęcin Mały Feliksów S8 MARYMONT ŻOLIBORZ I SZK IEŁU ACZEW 7 8 POP Zalesie SOCH BEMOWO 10 32 21 Ossów Zabraniec 2 ST I PRAGA MO AŃSK RN PÓŁNOC GD IDA 801 OL .S WARSZAWA AL DWORZEC WSCHODNIAPRAGA 7 STARE E77 TA WILEŃSKI 8 R POŁUDNIE RATUSZ E67 580 MIASTO 637 STADION GO Latchorzew ARSENAŁ A NARODOWY WA GROCHO N D I 629 O WSKA A G C GR CENTRUM OŚ ROC NAUKI CÓW TON HOW Blizne RN KOPERNIK 719 BROŃ Babice YNG ŚWIATSKA Z IDA NOWY 580 Łaszczyńskiego AL. O 634 S L A UNIWERSYTET Nowe O 801 GÓRCZEW AL. W L. S 719 AŚWIĘTOKRZYSKA SKA 580 H OSTROBRA 580 629 C W Y MSKA A NÓ ON STA K 631 A O S S8 T L R Z P S WOLA RONDO ONZ CENTRUM WO SKIE 2 AL. DNOC LIM Piotrkówek 629 OZO 724 J ZJ E KASPRZAKA . JER WE Duży S7 I A 719 ALWARSZAWA WAŁ WARSZAWA DO MI LSK E DZES ZYŃSKI II LU ZACHODNIA WO CENTRALNA W M 801 OŻARÓW 701 R A Macierzysz 634 Piotrkówek KO AL. PIŃ MAZOWIECKI I Mały SKA WAWELSKA POLITECHNIKA 7 POŁCZYŃSKA 8 Koczargi Stare Wiktorów Zaborów EJ RA JO W Lipków 898 SŁODOWIEC KIEGO 634 629 SKA ŻOŁNIER Klaudyn 23 DY Ń ŻE RZE WYBYŃSKIE GD Izabelin B Wólka A CK ON Mariew OWA WÓL CZYŃ S KA M RY 36 ARKUSZ WAWRZYSZEW SKA OŃ IELL JAG 898 MA Mościska Hornówek TO Leśniakowizna Turów 625 E67 S8 SKA Ń RU TA RO GO T G KIE OS EC SK M-ROW IE EG 637 Buda 25 KA A OW ŁK PU Truskaw 633 Cięciwa 631 S8 RAD ZYM IŃS 61 IE UR ST EJ-C MO SKI W O D ŁO 7 E77 SK WY BR ZE MŁOCINY BIELANY Ż PŁO MARKI KA IŃS OC CH SKA 17 Izabelin C DLIŃ 7 E77 OŚ CI ŁOMIANKI 10. Atrium Targowek 50 600 30. Tesco Stalowa 14 500 11. Atrium Reduta 40 400 31. Factory Ursus 13 250 12. Carrefour Bemowo 38 500 32. Galeria Renova 12 800 13. Atrium Promenada 41 800 33. KEN Center 12 500 14. Centrum Ursynow 37 000 34. Tesco Piastow 12 300 15. Tesco Polczynska 35 300 35. Centrum Skorosze 12 200 16. Galeria Wilenska 33 000 36. E.Leclerc Bielany 6 000 17. Auchan Lomianki 35 600 37. Galeria Brwinow 10 000 18. Fort Wola 29 200 38. E.Leclerc Jutrzenki 11 000 19. Tesco Gorczewska 26 000 39. Stara Papiernia 5 500 20. Auchan Piaseczno 39 300 40. Plac Unii City Shopping 15 300 Krakow Retail stock (sq m) Retail density 554,800 0 42,000 EXISTING UNDER CONSTRUCTION PLANNED Purchasing power index (sq m /1,000 inhabitants) 265 0 20 DENSITY - STOCK DENSITY - UND.CONST DENSITY - PLANNED Standard lease terms Tenants’ structure 28.48% 8.07% 5.66% PRIME RENTS 50-60 PRIME RENTS 65-80 (EUR/sq m/month) - shopping centres 5-10 AVERAGE LEASE LENGTH (years) 13.16% 5.59% 9.41% 15.38% 30 SERVICE CHARGES (PLN/sq m/month) INCENTIVES 120 Per household 99 Vacancy rate (EUR/sq m/month) - high streets 14.24% Per inhabitant Rent free period, step-up rent, fit-out budget 2.0% 4.8% 4.5% 4.6% H1 2011 H2 2011 H1 2012 H2 2012 H1 2013 H2 2013 3.8% 4.9% H1 2014 H2 2014 3.4% 2.8% H1 2015 3.7% Economic indicators in 2025 •Population in agglomeration '000 • Increase in population till 2025 2,099 •Residence based retail sales 0.6% •Increase in residence based (EUR million) 5,433 •Household disposable 4,181 32% •Increase in household 34% retail sales till 2025 income (EUR million) disposable income till 2025 City SWOT analysis Shopping centres age •Low and decreasing vacancy level 19% • Bureaucratic barriers • A complicated cooperation with local authorities STR E HS GT IE S NIT TU OR •Third largest agglomeration in terms of population OP P 5 -10 years old ANALYSIS •Still limited number of retail schemes Poland Retail Destinations Krakow E below 5 years old •Potential for new investments SWOT T HR over 10 years old WEA K S SSE NE 36% •Over 9 million tourists yearly boosting the purchasing power S AT 45% N •Well-performing high streets with well-situated large units • A considerable number of schemes located within a close proximity to each other • Development of the new retail scheme • Regional competition with Silesia region W DRZEJÓ 94 Wielka Wieś Gacki -Dworskie 7 E77 Morgi -Stare 794 S7 Dąbrowa Zdziesławice Poland Retail Destinations Krakow Garlica- (PROJ.) Młodziejowice -Murowana Książniczki Trojadyn S KA GÓR NO AS ZAKAMYCZE 774 S ZK IU 780 KOŚ C BOREK FAŁĘCKI 7 E40 KOBIERZYN E77 SKOTNIKI KLINY PODGÓRKI 13 ZAKO PIAŃ S KA A4 E40 E77 SZWABY Shopping centres-DOLNE in Krakow SKAWINA-ZACH. SKAWINA KORABNIKI- 953 -GÓRNE Number Project MYŚL OŚ OPATKOWICE 44 44 1 KAMIE ŃS KIEG O ŁAGIEWNIKI 7 E77 1. Bonarka 91 000 2. Galeria Krakowska 60 000 3. Galeria Bronowice 60 300 4. Zakopianka 59 300 5. M1 Krakow 50 300 6. Futura Park 39 000 7. Galeria Kazimierz 36 000 8. Plaza Krakow 30 400 9. CH Czyzyny 28 800 10. Krokus 27 100 11. Tesco, Wielicka 25 400 12. Tesco, Kapelanka 25 300 13. Solvay Park 13 800 14. Carrefour Witosa 9 000 A II S AL. 5 CI NOŚ DAR OLI 79 79 MOGIŁA OS. LESISKO KĘPAS7 N RYBITWY BOTEWA KOPANINY CHAŁUPK PRZEWÓZ RYBITWY Ś LIWIAKA Duża Grobla Szczurów Grab Brzegi PROKOCIM WOLA DUCHACKA W IEL IC KA A4 E40 SWOSZOWICE SOBONIOWICE S7 BARYCZ 964 Zabawa 94 II generation Sułków KOLONIA WIELICZKA III generation WIELICZKA GOŚCINIEC WIELICZKA-RYNEK WRÓBLOWICE Siercza Golkowice Śledziejowice I generation Czarnochowice KRZYSZKOWICE KOSOCICE Węgrzce Wielkie Strumiany KRAKÓW-BIEŻANÓW-DROŻDŻOWNIA K.-WIELICZKA KOPALNIA A4 E40 KRAKÓW WSCH. BIEŻANÓW Krupy WĘGRZCE WLK. KOKOTÓW KRAKÓW-BIEŻANÓW 11 PIASKI A4 E40 WIELKIE S7 STACJA TOWAR. KRAKÓW-PROKOCIM RZĄKA K.-ŁAGIEWNIKI Dulany GLA sq m J ANA PAWŁ LIPSKA Psie Pole Gaj NOWA HUTA GOLIKÓWKA 14 4 KRAKÓW PD. KRAKÓW-SIDZINA 9 KRAKÓW-PŁASZOW ENICE W IĘC IN A4 7 SIDZINA SKAWINA KOPANKA 776 KRAKÓW-SWOSZOWICE K.-SKAWINA PAGÓRKI KA UC OH W O N A ICK EL WI K.-TYNIEC 776 A WS K YR ZO CM KO PŁASZOW KRAKÓW-BONARKA BROŻK A KRAKÓW-ŁAGIEWNIKI TYNIEC 7 O A- IEG K Kąty J ZAKRZÓWEK KIE 12 KOSTRZE K.-BIELANY OJ POK U AL. PNIC KONO NKA ELA Kryspinów Piekary INO AND ERSA 776 KOJ U . PO AL GRZEGORZKI R DI E UDZLING IŃS K.-ZABŁOCIE KRAKÓW-KRZEMIONKI PODGÓRZE SKICH LĄ PAWŁA ii 8 MOGILS KA KRAKÓW GŁÓWNY I S AS M. C DĘBNIKI 2 KAP 780 E IA J ÓZ FA KS IĘC 780 ÓZ KS IĘCIA J EFA OLSZA ACKIEGO OW SŁ BŁONIA OJ .) BIELANY IĘCIN OŚW 79 HE - GR 7 E77 ŁOBZÓW 10 O WS KIEG OMOR O BORA-K A KRAKÓW-NOWA HUTA ( PR OJ . ) CHEŁM KRAKÓW-ŁOBZÓW ( PR IECKA IER ZYN TRAS A ZW WOLA JUSTOWSKA A4 E40 SK KROWODRZA WAD LUBOCZA S7 ZYCE OLSZANICA 79 A RAD CON JA NA TRAS A B ALICKA ( PR OJ . ) ŁUCZANOWICE KRAKÓW-LUBOCZA PRĄDNIK CZERWONY AL. 29 L IS T OPA DA K.-LOTNISKO BALICE ZESŁAWICE O IEG CK L A - S AWI Kraków-Balice 7 E77 OPO L Ś E77 -MAŁE KRAKÓW-MYDLNIKI MYDLNIKI 3 T LA KRAKÓW ZACH. -WIELKIE 7 STEL Balice KRAKÓW-MYDLNIKI-WAPIENNIK POW ST. Szczyglice Krzysztofor GRĘBAŁÓW PRĄDNIK BIAŁY ARMII KR AJ O WE J 774 BRONOWICE79 E77 794 TUR OWICZA Rząska KRAKÓW-BATOWICE 7 J PÓŁŁ ANK I 94 Dojazdów Prusy KANTOROWICE TONIE OHUCKA 6 S7 776 ZESŁAWICE WITKOWICE MODLNICZKA KIEWICZA MIC AL. AL. KRAKÓW-BUSINESS PARK Batowice S7 Sulechów Zastów (PROJ.) Węgrzce Buczyń S7 79 WICE Baranów ZASTÓW Dziekanowice DOBC Modlniczka Kończyce Zielonki MODLNICA ZABIERZÓW KATO Bibice Pękowice Modlnica Bosutów OW Brzezie Location map Piotrowiec BARANÓWKA Specialized 964 94 Przebieczany 966 Rożnowa Biskupice Wroclaw Retail stock (sq m) Retail density 638,100 35,000 70,000 EXISTING UNDER CONSTRUCTION PLANNED Purchasing power index (sq m /1,000 inhabitants) 533 29 58 DENSITY - STOCK DENSITY - UND.CONST DENSITY - PLANNED Standard lease terms Tenants’ structure 30.84% 8.51% 5.25% PRIME RENTS 38-50 PRIME RENTS 40-55 (EUR/sq m/month) - shopping centres 5-10 AVERAGE LEASE LENGTH (years) 12.72% 5.92% 8.43% 14.72% 32 SERVICE CHARGES (PLN/sq m/month) INCENTIVES 133 Per household 108 Vacancy rate (EUR/sq m/month) - high streets 13.61% Per inhabitant Rent free period, step-up rent, fit-out budget H1 2012 H2 2012 2.2% 1.5% 2.7% 2.6% H1 2013 H2 2013 4.3% 4.5% H1 2014 H2 2014 2.5% 2.6% H1 2015 2.9% H1 2011 H2 2011 Economic indicators in 2025 •Population in agglomeration '000 • Increase in population till 2025 1,207 •Residence based retail sales 1.0% •Increase in residence based (EUR million) 3,280 •Household disposable 3,863 35% •Increase in household 38% retail sales till 2025 income (EUR million) disposable income till 2025 City SWOT analysis Shopping centres age •A well established, diversified market 21% • Poor public transportation in some districts •High purchasing power per inhabitant STR E IE S NIT TU •Developed infrastructure •Experienced city authorities and local developers Poland Retail Destinations Wroclaw OR 5 -10 years old •High quality of life E below 5 years old ANALYSIS T HR over 10 years old WEA K SWOT OP P 40% HS GT S SSE NE •A strong position of Swidnicka as a high street N •Stable and relatively high rental levels S AT 39% • Overprovisioned city centre with three schemes located within 1km from each other • High shopping centre density • Growing competition Szewce WROCŁAW ŚWINIARY POZNAŃ ŁÓD Bąków Pasikurowice Poland Retail Destinations Wroclaw Bukowina Location map S5 5 Psary Cienin Raków Szymanów SK YŃ P EŁ C Z Wilkszyn Olszyca E67 E261 Szczodre S8 Pruszowice Ramiszów A Domaszczyn GŁ 342 NA ÓW 98 A RO ME R 98 GO ZKA Gądów A8 Number Project GLA sq m 1. Magnolia Park 100 000 2. Auchan Bielany 56 000 3. Pasaz Grunwaldzki 52 000 4. Aleja Bielany 104 700 5. Korona 41 200 6. Renoma 31 000 7. Arkady Wroclawskie 30 000 8. Borek 27 000 9. Sky Tower 25 000 10. Galeria Dominikanska 24 300 11. Marino 20 000 12. Futura Park 17 300 13. Factory Outlet 13 200 14. Wroclavia 70 000 455 I generation II generation Gajków Janowice Specialized Solniki Iwiny Zacharzyce OB WO DNICA WOJ EWÓDZK A ( P R OJ . ) E Biestrzyków Ślęza Kamieniec Wrocławski III generation OL E40 Radomierzyce E KOBIERZYCE A4 ) IC Largest Shopping centres in Wroclaw Wysoka ROJ. W 35 KA (P OP S8 4 ÓDZ WA OJEW TO KA 5 Biskupice Podgórne ZĄBKOWICE ŚL. A4 ICA W 35 WROCŁAW PD. E40 WROCŁAW BROCHÓW ODN BIELANY WROCŁ. Nowa Wieś Wrocławska Baranowice PIETRZYKOWICE 2 Zabrodzie 94 395 BUFORO Pietrzykowice 3 km . N AL RKO OBW KA Blizanowice A 347 SK OL ca A K OS Mokry Dwór OP WROCŁAW WOJSZYCE 5 Cesarzowice Trestno E261 Nadolice Małe Łany BARD WROCŁAW ZACH. AL. AR MII KRAJ OWEJ A AL KAR. K WY ONOS K ŚC IGO A POŚWLSĄTAŃC S KI ÓW WA CH ŚLĘ ŻN A 94 98 SK 8 347 Dobrzykowice OW AK KR AL. WIŚ NIOW A NA DYREKCYJ WS CHO DNI AO BW ODN ICA WR OCŁ AW IA 9 NA IC GAJ O W Kiełczówek 455 SKA GR AB IS Z YŃS KA ERA A 455 TTA GU AU TR HALL WROCŁAW GŁÓWNY 14 7 KA P Kąty ZA WIC KIE . MIC HUB Zybiszów AL. J. J.) RO (P Mokronos Dolny ZIM IE R ZA WLK. Śliwice ZKI LD WA RUN G LAC Wilczyce R. IA AW CŁ RO W 370 3 A SKA CA NI OD W OB IA DN HO Z AC A8 WROCŁAW ZACHODNI WROCŁAW NADODRZE 10 6 SKA ZYŃ BIS GRA 94 5 E67 Mokronos Górny WROCŁAW MIKOŁÓW K 13 Krzeptów 1 KLECIŃ 12 STR A ŚLĘŻ W.-LOTNISKO PORT LOTNICZY WROCŁAW ICK STRZEGOMSKA A SK OM G ZE GN KIE A8 LE .K .M AL AS WROCŁAW NOWY DWÓR WICKA 98 WROCŁAW SOŁTYSOWICE PU Ł ŻERNICKA 362 REYMONTAB AŁT YCK A NA O S TA TN IM WROCŁAW KUŹNIKI OSOBO A PO DWAL E (PR ICZ Kol. Kiełczów 5 MOR S KA PO J ER ZMANOWS KA A LOT N 94 349 WROCŁAW POPOWICE 5 E261 K YC CZ OJ.) L PI WROCŁAW STADION WROCŁAW PSIE POLE OJ. ) TÓW GR OS ZU ONAU W.-STADION 453 Kamień ( PR AWIA KOSM Stary Mirków A KA ŻMIGRODZ KA NIC E261 A8 94 342 OR OB 320 ONAU TÓW DY CK 11 5 327 KOSM RE 453 AL. J . KOCHANOW S KIEGO A8 MAŚLICKA W SC Mirków WROCŁAW PN. WROCŁAW OSOBOWICE E67 146 E67 A8 R OCŁ AW NIC OD BW IA O DN HO GŁÓ WNA 320 A 336 PAWŁOWICE K ZYŃS 320 WROCŁAW PRACZE Biskupice Krzyżanowice P E ŁC 337 Bliż Łosice Budziwojowice Ź Malin Kalina e e Rogoż Paniowice Under construction Tricity Retail stock (sq m) Retail density 660,400 103,400 0 EXISTING UNDER CONSTRUCTION PLANNED Purchasing power index (sq m /1,000 inhabitants) 511 80 125 DENSITY - STOCK DENSITY - UND.CONST DENSITY - PLANNED Standard lease terms Tenants’ structure 28.76% 7.99% 4.79% PRIME RENTS 40-60 PRIME RENTS 50-65 (EUR/sq m/month) - shopping centres 5-10 AVERAGE LEASE LENGTH (years) 11.52% 5.62% 8.54% 18.35% 25 SERVICE CHARGES (PLN/sq m/month) INCENTIVES 125 Per household 106 Vacancy rate (EUR/sq m/month) - high streets 14.44% Per inhabitant Rent free period, step-up rent, fit-out budget H1 2012 H2 2012 3.3% 2.1% 4.1% 3.5% H1 2013 H2 2013 3.4% 3.4% H1 2014 H2 2014 3.2% 1.8% H1 2015 3.1% H1 2011 H2 2011 Economic indicators in 2025 •Population in agglomeration '000 • Increase in population till 2025 1,293 •Residence based retail sales 3.9% •Increase in residence based (EUR million) 3,720 •Household disposable 4,491 36% •Increase in household 38% retail sales till 2025 income (EUR million) disposable income till 2025 City SWOT analysis Shopping centres age •A considerable inflow of tourists and shopping tourism from Russia 21% • Development of schemes mostly along the costal line – limited number of new investments south from the coastal line where the residential market is growing •High purchasing power N STR E NIT TU IE S ANALYSIS OR Poland Retail Destinations Tricity •Increasing number of local and international tourists • Relatively high amount of older projects with limited offer SWOT OP P 5 -10 years old WEA K E below 5 years old •The latest development of Rapid Urban Railway (Pomorska Kolej Metropolitalna) HS GT T HR over 10 years old •Established business district among central route of the agglomeration S SSE NE 28% •Tourist destination S AT 51% • Highest density ratio among the agglomerations • The retail supply is spread unevenly in the region • Decreasing number of Russiari tourists M Żelistrzewo Celbowo 216 ŻELISTRZEWO Smolno Osłonino B 216 c k k T 216 a HEL a HEL K u o C P Mosty t E Rewa Location map a Y Z Z Reda Poland Retail Destinations Tricity R Ł Beka REDA-REKOWO Mechelinki I Kazimierz REDA A HEL-BÓR Mrzezino MRZEZINO Połchowo O Kosakowo Pierwoszyno 13 Dębogórze 100 E 4 101 PORT LOTNICZY GDYNIA-KOSAKOWO 6 E28 Suchy Dwór RUMIA RUMIA 11 Pogórze GDYN.-PORT CENTRALNY RUMIA-JANOWO 6 GDYN.-OBŁUŻE LEŚNE E28 GDYN.-CISOWA GDYNIA CHYLONIA GDYN.-CHYLONIA GDYN.-LESZCZYNKI Łężyce S6 GDYN.-PORT OKSYWIE 468 GDYN.-GRABÓWEK E28 GDYNIA GŁÓWNA 1 GDYNIA PORT Rogulewo GDYNIA GDYN.-WZG. MAKSYMILIANA 468 GDYNIA CHWARZNO 8 GDYN.-REDŁOWO Głodowo E28 OW O SOPOT 468 10 SOP.-WYŚCIGI 218 S6 RĘBIECHOWO KLUKOWO E28 PORT LOTNICZY GDAŃSK GD.-OLIWA GDAŃSK 468 2 k 7 du n SZADÓŁKI 221 tł 3. Auchan GD. Borzęcin 226 PRUSZCZ GD. 227 Gdynia S6 E75 Rumia A1 226 Żabianka Żukczyn E75 Gdansk CIEPLEWO Błotnik- -I Stanisławowo -II Miłocin ELB LĄG Kiezmark Cedry Wielkie Grabiny 46 800 44 800 RÓŻYNY 7 Cedry Małe 70 500 Roszkowo 39 100 6. Galeria Baltycka Gdansk 46 500 7. Morena Gdansk 26 000 8. Klif Gdynia 31 800 9. Morski Retail Park Gdansk 46 200 10. Galeria Przymorze Gdansk 27 600 11. Tesco Kcynska Gdynia 23 900 12. Manhattan Gdansk 22 200 13. Szperk Gdynia 26 500 14. Alfa Centrum Gdansk 20 500 15. Galeria Metropolia Gdansk 34 250 16. Forum Gdansk Gdansk 62 200 Warcz Szerzawa E77 Wocławy 226 Rusocin 91 Jagatowo Miłocin II 227 Lędowo 52 800Duchowne RUSOCIN Gdansk Wojanowo Trzcinisko Koszwały Wróblewo E28 i sł a aW E77 ŻUŁAWY ZACH. Wiślina W Galeria Osowa Domachowo 222 S7 227 a ZE Żuławka CityS6 Bystra 226 PRUSZCZ 226 GDAŃSKI GLA Rokitnica sq m TC 5. Krymki Auchan Port Rumia Dolinka Wypychy Mokry Dwór Radunica Gdynia Żuława Krępiec E75 JUSZKOWO STARO GARD Podlesie 4. Lisewiec a GDAŃSK LIPCE GD.-ŚW. WOJCIECH Rotmanki Arciszewo Żmijewo Ostróżki 91 a du n i M a r tw Specialized PRAWY BRZEG WISŁY W i sł a Matarnia Retail Park E77 GDAŃSK PD. 222 BIELKOWO 2. S7 GD.-LIPCE III generation MORSKA Bogatka a Riviera KRYNIC A GDAŃSK WSCH. E77 w Babi Dół 221 PRĘGOWO GD. Głębokie STRASZYNPRĘDZIESZYN GOSZCZYN KOLBUDY E28 222 a tł 1. Jankowo J. Straszyńskie Project Czapelsko Przejazdowo-Dobrowo Mo Number Bielkowo 501 Wiślinka Przejazdowo GDAŃSK PORT S7 R Borkowo Gołąbkowo -Górne Kolbudy- GD.-OLSZYNKA GD.-ORUNIA aw S6 Lublewo Gdańskie M a r tw a W i sł a 501 Kowale 221 Łapino II generation 501 Mo GDAŃSK ORUNIA a 501 Widlino ŁAPINO M a rtw a W i sł E75 E77 Przyjaźń J. Łapińskie I generation GD.-PORT PN. GD.-STOCZNIA 501 9 S7 E28 GDAŃSK Largest Shopping centres in Tricity Łapino Kartuskie 89 a GD.-POŁUDNIOWY J. Otomińskie Sulmin rtw 91 Otomin NIESTĘPOWO Niestępowo E75 16 GDAŃSK KARCZEMKI ia 91 GD. WIŚLANY GDAŃSK GŁÓWNY S6 Ra a iała 3 E77 STR. PIŁA GD.-ZASPA TOWAR. GD.-POLITECHNIKA 472 E28 E77 7 LEŹNO ŻUKOWO WSCH. NA s Śm Wisła KOKOSZKI Wydmuchów ZY ń GD.-NW. PORT 15 GD.-WRZESZCZ S6 20 IER 6 12 GDAŃSK LOTNISKO 472 PĘPOWO KASZUB. KO ŚC a W i sł y Barniewice J. d 14 GD.-ŻABIANKA GDAŃSK OWCZARNIA Banino Szklana Góra G P rzek o p SOPOT GD.-OSOWA Nowy Tuchom Pomlewo a Ma NA ZY IER 5 GDAŃSK OSOWA Kowale KO ŚC E28 218 Czarne Błoto Nowe Pole k a S6 20 Tuchom Dębniak o SOP.-KAMIENNY POTOK 20 218 7 t Rewerenda Chwaszczyno Karczemki a 468 GDYN.-WLK. KACK Dobrzewino Z GDYN.-ORŁOWO 474 GDYNIA WLK. KACK i sł HER Dąbrowa W WEJ S6 Trutnowy Trutnowy I Trutnowy II awa Kłod Serowo 227 Grabowo Grabowe Pole Kol. Suchy Dąb Długie Pole- Leszkowy -II -I Suchy Dąb Osice Giemlice ©EURO PILOT Sp. z o.o. Groblica Under construction Poznan Retail stock (sq m) Retail density 620,400 104,600 0 EXISTING UNDER CONSTRUCTION PLANNED Purchasing power index (sq m /1,000 inhabitants) 537 90 0 DENSITY - STOCK DENSITY - UND.CONST DENSITY - PLANNED Standard lease terms Tenants’ structure 29.57% 8.77% 5.32% PRIME RENTS 50-80 PRIME RENTS 35-60 (EUR/sq m/month) - shopping centres 5-10 AVERAGE LEASE LENGTH (years) 13.62% 5.18% 9.30% 15.68% 25 SERVICE CHARGES (PLN/sq m/month) INCENTIVES 132 Per household 111 Vacancy rate (EUR/sq m/month) - high streets 12.56% Per inhabitant Rent free period, step-up rent, fit-out budget H1 2012 H2 2012 1.1% 1.3% 2.3% 2.5% H1 2013 H2 2013 4.9% 4.8% H1 2014 H2 2014 3.8% 3.3% H1 2015 3.7% H1 2011 H2 2011 Economic indicators in 2025 •Population in agglomeration '000 • Increase in population till 2025 1,167 •Residence based retail sales 4.0% •Increase in residence based (EUR million) 3,428 •Household disposable 4,174 37% •Increase in household 40% retail sales till 2025 income (EUR million) disposable income till 2025 City SWOT analysis Shopping centres age 21% •A large amount of well-performing and recognizable schemes •Good road infrastructure N STR E IE S NIT TU •Location close to German border with convenient access OR Poland Retail Destinations Poznan •Mature market OP P 5 -10 years old ANALYSIS E below 5 years old •A lot of investment potential • Few underperforming schemes bringing the vacancy level up SWOT T HR over 10 years old WEA K S SSE NE 35% HS GT • Limited development potential S AT 44% • Already high density level • Forecasted gradual rental decrease due to the availability of retail space • The development of the new 100.000 sq m retail scheme may boost the vacancy level both in the whole city but also in the neighboring centres Poland Retail Destinations Poznan Location map OWIŃSKA ROKIETNICA Złotniki WĄGROWIEC PIŁA Y TUŁ MO SZA P.-ROKIETNICA 196 ZŁOTNIKI 184 Pruszewiec Annowo Mielno Miękowo P.-KIEKRZ Suchy Las POZNAŃ ZACH. P. KOMORNIKI 7 Konarzewo 15 AR Y GA RB BO ZAM EN A POZNAŃ STAROŁĘKA ów 92 POZNAŃ FRANOWO 1 5 433 Skałowo POZN Siekierki-Wlk. Gowarzewo Czerlejno OBWODNICA POZNANIA A2 E30 P.-KRZESINY Tulce E261 POZNAŃ KRZESINY KLESZCZEWO I generation Komorniki 433 Ź-WA Daszewice PUSZCZYKOWO Shopping centres in Poznan Number Project GLA sq m 1. Centrum Franowo 60 700 2. Poznan City Center 58 000 3. Galeria Malta 54 000 4. Stary Browar 47 400 5. M1 Poznan 41 300 6. King Cross Marcelin 45 600 7. Auchan Komorniki 48 100 8. Auchan Swadzim 42 000 9. Galeria Pestka 42 000 10. Plaza Poznan 29 500 11. Panorama 24 100 12. Tesco Serbska 22 300 13. Tesco Opienskiego 17 200 14. Galeria MM 11 000 15. Factory Outlet 15 200 16. Kupiec Poznanski 17. Posnania 9 000 98 000 WA II generation III generation Z POZNAŃ WSCH. IC GĄDKI GĄDKI PUSZCZYKOWO RSZA Gądki Robakowo LE 434 W S11 Szczytniki SZNO Dębienko ŁÓD KP. Łęczyca WL KONINKO ÓW WIRY Szreniawa Kleszczewo S5 E30 TR S5 Walerianowo A2 OS Czapury RA 430 Wiry SZRENIAWA A STRUMIANY Zalasewo 11 LUBOŃ E261 KONIN AŃSK A POŁ UDN IOWA LUBOŃ 5 Komorniki Paczkowo SWARZĘDZ POZNAŃ DĘBLINA P.-LUBOŃ A2 E30 11 Gwiazdowo STA Dopiewiec POZNAŃ DĘBIEC A Gortatowo Jasin POZNAŃ KOBYLEPOLE ĘCK Plewiska WIL D A OG GŁ Bogucin 3 OFA AŃSK Jankowo Kobylnica SWARZĘDZ O EG ST OU YW RZ Palędzie HETM 11 A SK OW 17 AK AW POZNAŃ GÓRCZYN POZNAŃ JUNIKOWO POZNAŃ PLEWISKA PALĘDZIE SK A 4 E J JAD WIG I 92 SŁ LE Skórzewo AŃ 2 ENH TM ŁT YCK A POZNAŃ WSCHÓD 16 C yb i n a LIGOWIEC ADY ZAW ZAM HE IEZ GN POZNAŃ KAROLIN BA A KRÓ LO W DRO DĘBLGA IŃSK ZKA SŁUBICE Uzarzewo KOBYLNICA NO GDYŃSKA WITO S KIEG O WSKA POZNAŃ GŁÓWNY ALD NW SOLN 14 BUKO GRU ZA CH IA NAN POZ ICA DN WO OB NIA OD P.-DĄBRÓWKA POZNAŃ GARBARY DO LNA S11 PR ZYBYSZEWS 6 Dąbrowa Zakrzewo KA HIC LEC 11 307 12 NOŚ CI I ZKA BUKOWSKA 92 AL. S OLIDA R A MIES PORT LOTNICZY POZNAŃ-ŁAWICA 307 Koziegłowy 10 9 HOFA 92 LUTYCK A 92 P.-ŁAWICA Biskupice LECHICKA POZNAŃ WOLA Przeźmierowo NOWY BISKUPICE WLKP. Wierzenica na 8 92 L TOMYŚ Kicin 11 ROŁ CA POZNANIA ZACH ODN IA O BW ODN I POZNAŃ STRZESZYN KA NIC P.-TARNOWO PODG. Baranowo CZERWONAK Bugaj 13 OR OB 92 ZIN k i e e r s K i Sady OD . IEB Jerzykowo Wierzonka 11 J ŚW Czerwonak POZNAŃ KIEKRZ 184 Gł S11 Kobylniki Karłowice Krzyżowniki Specialized ©EURO PILOT Sp. z o.o. BORÓWIEC Under construction Bialystok Retail stock (sq m) Retail density 186,519 25,000 111,000 EXISTING UNDER CONSTRUCTION PLANNED Purchasing power index (sq m /1,000 inhabitants) 623 85 169 DENSITY - STOCK DENSITY - UND.CONST DENSITY - PLANNED Standard lease terms Tenants’ structure 38.35% 7.63% 30-35 PRIME RENTS (EUR/sq m/month) - shopping centres 15-25 (EUR/sq m/month) - high streets 5.22% 5-10 AVERAGE LEASE LENGTH (years) 8.63% 5.62% 11.85% 11.85% 25 SERVICE CHARGES (PLN/sq m/month) INCENTIVES 107 Per household 93 Vacancy rate PRIME RENTS 10.84% Per inhabitant Rent free period, step-up rent, fit-out budget 1.1% 3.7% 4.2% H2 2011 H1 2012 H2 2012 H1 2013 H2 2013 4.8% 5.0% H1 2014 H2 2014 1.3% 3.0% H1 2015 3.0% Economic indicators in 2025 • Increase in population till 2025 •Residence based retail sales 0.3% •Increase in residence based Shopping centres age 18% 1,306 •Household disposable 3,000 32% •Increase in household 34% retail sales till 2025 HS GT STR E N • Oversupply of retail projects SWOT NIT TU IE S ANALYSIS E Poland Retail Destinations Bialystok WEA K T HR 5 -10 years old •Increasing importance of shopping tourism from abroad • Purchasing power at the national average S SSE NE 64% below 5 years old disposable income till 2025 •Convenient location in the northeastern Poland •Proximity to the international borders over 10 years old income (EUR million) City SWOT analysis OR 18% (EUR million) OP P '000 504 S AT •Population in agglomeration • Outflow of young population • Local character of the city Poland Retail Destinations Bialystok Dobrzyniewo WASILKÓW Podleńce S8 (PROJ.) Kol. Leńce UST ÓW Ogrodniki Leńce Osowicze 676 19 Sielachowskie Karakule PIETRASZE WŁ. WYSOCKIEGO RA GI S KA OW IŁO S ZA K. OWICKA BARAN SKORUPY O KIE GO IEG SK OW ŁK CIO 65 65 CIO NIC M BOBROWNIKI Zaścianki O IEG SK OW ŁK KURIANY NIED ŹWIE WIEWIÓRCZA DOJLIDY CZA RSU BO Sobolewo DZIA 19 Henrykowo ZA Drukowszczyzna BU KRYWIANY A. M (PROJ.) DO DOJLIDY W AN Zagórki A S 19 ICK K. KLEPACZE CIO O ŁK PIECZURKI PIA O IEG K WS 65 19 2 678 K. PUŁAS KIEGO NOWE MIASTO Kol. Kamionka IEW A ICZ BIAŁYSTOK-STADION S 19 KA W AS ILK OW S 1A RM IW P ICZ A W 3 K. BIAŁYSTOK-WIADUKT Czaplino KIE ZB OW A KA WS KA SK A ZWIERZYNIEC Supraśl WYGODA PIASTA BOJARY A Choroszcz G PO OW A ICZ IEW A OW KA ŃS YKA BAŻANTARIA A WA R Sowlany BAGNÓWKA 27 LIPCA BIAŁYSTOK FABRYCZNY TO ICK A. M PIASKI N OD 676 J.K WA . BR WA AN R S ST ICK ZAW O- IEGO S KA IĘT KA J.K ŚWAŃS . BR J A ZWIER ZYNIECKA AD ŃS MA OG HET ÓR SK A EL ON 19 A NO IO O ŁA ZI 8 IEGO G LE IEG OC WR STAROSIELCE Ogrodniki KOPER NIKA M. SKŁ KS ME Gmina Oliszki Barszczewo CENTRUM KS . J. P OPIEŁUS ZKI BIAŁYSTOK-STAROSIELCE P SA IEJ IE- SK UR W . C DO M KŁO S MARCZUK A 676 K AL. PIŁS UDS LIP OW A ER ESK H. S 4 W. WITOS 5 BIAŁYSTOK ND POL A SK E OL A Krupniki WS ER WI ANTONIUK R A ID NOŚ CI S OL AL. . SK RD YŃ KA YSZ W WŁ. S IK OR S S 19 Ł. A L KÓ SO BIAŁOSTOCZEK KA IŃS MA ZO WIECK KIE GO 676 JA MA A NTO NIU KO KA (PROJ.) KON S TY TU CJ ŁĄ WYSOKI STOCZEK NA PA WŁA II .W RADZYM DZIESIĘCINY I3 A 675 GEN DZ IES IĘC INY ZĘB OWA IN J AR GA WA JO TA JA 669 Porosły JN Ł H. KO KA EŁC BACIECZKI AL. JA Łyski Jeroniki UK CY HETMAŃ SKA SA 7 BIAŁYSTOK-BACIECZKI N GE OD CIA 0-LE GO 100 IE AL. A POLS K S TW PAŃ SZO Porosły-Kol. KLE . F. 1 GEN. ST. MACZKA 8 A PR RG EBE BOLES ŁAWA KR ZYWOUS TEGO FASTY NOWOSIÓŁKI JAROSZÓWKA M. KOLBE PIETRASZE IEN ZAWADY ŚW. PI O 65 E67 Ciasne 6 Fasty Kol. Fasty S8 Gmina KOL. 8 (PROJ.) FASTY Ogrodniczki E67 Kol. Zawady STAWIE III KOL. DOJLIDY 19 Gmina Płoskie Horodniany I generation Ignatki Śródlesie Kol. Protasy Olmonty Stanisławowo NIEWODNICA Księżyno- 678 HALICKIE NiewodnicaBaciuty-Kol. TRYPUCIE KIE SO WY 682 Gmina Z. MA Zalesiany Bogdaniec S 19 Niewodnica Nargilewska Koplany Shopping centres in Bialystok 678 Halickie S 19 Number Project GLA sq m 1. Auchan Produkcyjna 32 700 2. Atrium Biala 32 500 3. Alfa Centrum 34 100 4. Auchan Hetmanska 29 000 5. Zielone Wzgorze 19 200 6. Galeria Podlaska (Outlet) 13 500 7. Outlet Center Bialystok 13 600 8. Galeria Jurowiecka 25 000 Specialized Under construction Łubniki Zwierki ©EURO PILOT Sp. z o.o. Kol. Łubniki III generation Protasy 19 Skrybicze (PROJ.) Broczany II generation Zabułdów Białostoczek Solniczki Ignatki-Kol. -Korycka Trypucie Kol. Halickie Hryniewicze -Kol. J.) -Kościelna (PRO Mińce LUBLIN a Nowodworce AUG Nowe Aleksandrowo Duże KI KRYN WASILKÓW Jurowce NI SA EŁK Location map 65 Kol. Rafałówka Lodz Retail stock (sq m) Retail density 509,900 46,500 0 EXISTING UNDER CONSTRUCTION PLANNED Purchasing power index (sq m /1,000 inhabitants) 460 40 0 DENSITY - STOCK DENSITY - UND.CONST DENSITY - PLANNED Standard lease terms Tenants’ structure 27.56% 7.70% 5.88% PRIME RENTS 35-55 PRIME RENTS 20-30 (EUR/sq m/month) - shopping centres 5-10 AVERAGE LEASE LENGTH (years) 12.87% 5.32% 8.26% 16.20% 32 SERVICE CHARGES (PLN/sq m/month) INCENTIVES 116 Per household 92 Vacancy rate (EUR/sq m/month) - high streets 16.20% Per inhabitant Rent free period, step-up rent, fit-out budget H1 2012 H2 2012 2.3% 2.2% 1.9% 2.4% H1 2013 H2 2013 3.2% 1.7% H1 2014 H2 2014 2.8% 2.4% H1 2015 2.4% H1 2011 H2 2011 Economic indicators in 2025 •Population in agglomeration '000 • Increase in population till 2025 1,116 •Residence based retail sales -5.5% •Increase in residence based (EUR million) 3,057 •Household disposable 3,612 25% •Increase in household 28% retail sales till 2025 income (EUR million) disposable income till 2025 City SWOT analysis •Pro-active attitude of the city’s authorities 18% • Relatively low purchasing power index per household •Good accessibility from the surrounding • Close proximity to Warsaw which also translates into division/split of the purchasing power cities through a developed road system N STR E NIT TU IE S ANALYSIS •The increasing number of new openings of restaurants and cafes may lead to Piotrkowska Street revival Poland Retail Destinations Lodz • The shopping centre market is ageing – 55% of the stock is over 10 years old SWOT OR 5 -10 years old is younger than 5 years old – existing schemes’ redevelopment potential is considerable WEA K E below 5 years old •Only 18% of the stock HS GT T HR over 10 years old schemes in Poland – Manufaktura is visited by around 20 million customers yearly S SSE NE 28% •Largest and one of the most prime OP P 54% S AT Shopping centres age • S.C. density ratio higher than the average for agglomerations • The coming completion of Sukcesja may result in the increased vacancy ratio in competing schemes K Dąbrówka Wielka GLINNIK 702 PIĄT KOW S KA E75 91 KA ZYC ŁĘ C PROBOSZCZEWICE KONTREWERS Maciejów ZGIERZ PN. ZGIERZ JEDLICZE ŁÓDZKIE Location map KROGULEC ANIOŁÓW PIASKOWICE 3 MAJ DŁUGA A KURAK ŁAGIEWNIKI 13 ŁÓDŹ KALISKA-TOWAR. LUBLINEK ANA PAWA II AL. J RETKINIA WS GO KIE PA BIA NIC KA GÓRNA NA ÓR Ł-LUBLINEK K GD 9 SĄSIECZNO TO 713 M AS ZÓ ŁÓDŹ WSCH. W M AZ . AUGUSTÓW 14 BEDOŃ RUDA PABIANICKA Andrespol ŁÓDŹ-OLECHÓW FELIKSIN NS TYTYCYJNA TRASA KO E75 2 8 R OKI CIŃS K A ŁÓDŹ-CHOJNY AG CHOCIANOWICE Podwiączyń ŁÓDŹ-WIDZEW CHOJNY S TRA CHOCIANOWIC KA WIĄCZYŃ GÓRNY MILESZKI IEGO 1 ŁASKOWICE WIDZEW OLECHÓW PA DE RE ROKICIE CHARZEW 72 14 ŁÓDŹ-LUBLINEK ŁÓDŹ-LUBLINEK Wiączyń Dolny 6 SK AL. PIŁS UD 3 STOKI CYJNA NSTYTY A WICZ CKIE SK A PIOTRKOW AL . MI KONSTANTYNÓW NOWY JÓZEFÓW IEGO KOPCIŃS K E75 5 ŁÓDZKI ŁÓDŹ FABRYCZNA 1 ŁÓDŹ KALISKA 710 WS KA PIOTR KO TYN TAN NS KO A SK OW KA POMORS WARSZAWA 72 ŁÓDŹ NOWOSOLNA KO TRASA AL. WŁÓKNIAR ZY KA 1 ŚRÓDMIEŚCIE STARE ZŁOTNO 4 14 HUTA JAGODNICA NOWOSOLNA BRZEZIŃSKA Ń– ER S ZGI NOWE ZŁOTNO POLESIE 12 BAŁUTY ŁÓDŹ-ŻABIENIEC SIKAWA INFL ANCKA Teolin Natolin RU 7 ALEK S AN DR O WS K A A1 L KI 72 72 AL. PA 11 Dąbrowa STARE MOSKULE R YDZA- Ś MIGŁEGO JÓW AL . W ŁÓKNIAR ZY TEOFILÓW UNIE Kopanka AŃ S KA NIC ŁAGI EW E75 Grabina 14 STR YK OWS KA KA RADOGOSZCZ MARIANÓW Gorzew Laski WILANÓW ROGI ARTURÓWEK 1 71 Dąbrówka TO RS ZGIE ZIMNA WODA ALEKSANDRÓW ŁÓDZKI 710 Borchówka NOWE MOSKULE E75 S14 SOKOŁÓW S14 Stary Imielnik NOWY IMIELNIK 91 MIKOŁAJEW Dobieszków MODRZEW CHEŁMY A1 Ługi Dobra-Nowiny 71 ZGIERZ JĘDRZEJÓW STARE GÓRKI WISKITNO HUTA SZKLANA Kraszew A1 Wiśniowa Góra 10 A 71 NOWE MIASTO A Kazimierzów Michałówek Kiełmina RZG OW SK Jastrzębie Dolne SK OW DR AN KA DZ ŁÓ KS ALE Poland Retail Destinations Lodz 14 Dobra -Łagiewniki Nowe- Niesułków -Pieńki Stare- STĘPOWIZNA ŁÓDŹ PN. STRYKÓW 71 Smarzdzew SMARZDZEW E30 A2 -Górny Stary- Sosnowiec-Dolny RUDNIKI A2 Nowy- -Zelgoszcz Czaplinek STRYKÓW ŁO W E30 A WE S14 JÓZEFÓW BRONISIN II generation Giemzów 71 S14 Widzew PABIANICE PN. III generation Starowa Góra RYPUŁTOWICE OM T LU -Gadka Giemzówek 714 Stara- PARTYZANCKA 71 PABIANICE 0,5 Number 1 0 5. Pasaz Lodzki 37 100 6. Tulipan 32 800 7. Tesco Baluty 26 200 8. Tesco Widzew 23 900 9. Galeria Lodz 17 100 10. Guliwer (Carrefour) 17 800 11. Carrefour Szparagowa 15 900 12. E. Leclerc 12 000 13. Sukcesja 46 500 Rydzynki 37 800 E75 I M1 Lodz 1 SK AL UN Prawda YB TR 45 000 S8 Rydzyny Dolne Modlica W Bychlew Galeria Lodzka RZGÓW KÓ 103 000 Stary- S8 TR Port Lodz Nowy-Wardzyń Kalinko Czyżeminek 4. ©EURO PILOT Sp. z o.o. Romanów E75 PIO 3. RZGÓW 1 109 500 BEŁCHATÓW Hermanów PARTYZANCKA GLA sq m Manufaktura JUTRZKOWICE ŚW. JANA 2. 3 km ProjectPABIANICE 485 1. 2 Brójce 714 71 1 Under construction ŁÓDŹ GÓRNA Wola-Rakowa Huta Wiskicka SKA IER Shopping centres in Lodz Tadzin Grodzisko Nowa- Ksawerów I generation ŁÓDŹ PD. A1 GRZĘDY KĘPICA Wola Kutowa Szczecin Retail stock (sq m) Retail density 316,600 5,000 17,000 EXISTING UNDER CONSTRUCTION PLANNED Purchasing power index (sq m /1,000 inhabitants) 429 7 23 DENSITY - STOCK DENSITY - UND.CONST DENSITY - PLANNED Standard lease terms Tenants’ structure 28.68% 8.65% 5.77% PRIME RENTS 38-45 PRIME RENTS 25-40 (EUR/sq m/month) - shopping centres 5-10 AVERAGE LEASE LENGTH (years) 12.57% 7.13% 10.17% 11.53% 25 SERVICE CHARGES (PLN/sq m/month) INCENTIVES 117 Per household 99 Vacancy rate (EUR/sq m/month) - high streets 15.33% Per inhabitant Rent free period, step-up rent, fit-out budget H1 2012 H2 2012 0.6% 0.6% 0.5% 1.9% H1 2013 H2 2013 2.2% 2.0% H1 2014 H2 2014 3.0% 3.3% H1 2015 1.6% H1 2011 H2 2011 Economic indicators in 2025 •Population in agglomeration ‚ '000 • Increase in population till 2025 738 •Residence based retail sales -0.7% •Increase in residence based (EUR million) 2,020 •Household disposable 2,387 29% •Increase in household 30% retail sales till 2025 income (EUR million) disposable income till 2025 City SWOT analysis •Close proximity to the German boarder leading to the increased catchment 57% •Pro-active attitude of the city’s authorities N STR E HS GT 5 -10 years old Poland Retail Destinations Szczecin IE S NIT TU •Increasing number of German customers ANALYSIS OR below 5 years old SWOT E •Tourist destination WEA K T HR over 10 years old • High volume of older and lower quality schemes S SSE NE 15% OP P 28% • Relatively low average salary S AT Shopping centres age • Constant outflow of young population UJŚ CIE 113 Bolesławice POLICE-CHEMIA ŚW INO 115 S6 Witorza Gunice Poland Retail Destinations Szczecin E28 POLICE POLICE Trzeszczyn 114 Tanowo S3 Święta 113 E65 Wielki Zalew SZCZECINMŚCIĘCINO -MŚCIĘCINO Kamieniska Komarowo Łozienica Location map Inoujście Siedlice Stare Leśno SKOLWIN Tanowo Gmina Leśno Górne Żółtew Przęsocin Gmina Police Sierakowo SZCZECIN-SKOLWIN 115 Odra BABIN STOŁCZYN BUKOWO PILCHOWO SZCZECIN-GLINKI ZEGADŁOWICZA GLINKI OSÓW GOCŁAW GŁĘBOKIE Kępy Lubczyńskie Lubczyna D ą b i e Pilchowo Wołczkowo Borzysławiec Goleniów ST. TOWAR. Warcisławiec Imno RURKA Rurka Rurzyca SZCZ.-GOCŁAW WARSZEWO 115 GO KIE LS PO GRABOWO PIŁSUDS KIEG O ŚWIERCZEWO 10 SZCZECIN-ZAŁOM GD AŃ SK A 6 POMORZANY Dąbie Małe DĄBIE SZCZ.-PORT CENTRALNY cho PRZES TR ZENNA SZCZECIN-DĄBIE 31 ia dn ho ICH SK ŁOP . CH BAT ra 31 W sc ZDROJE 10 Od Gmina STRUG A Kurów ME TA LO WA SZCZ.-PODJUCHY A6 KA ŻYDOWCE RS SZCZ.-KLUCZ MA KLUCZ RY A6 SZCZ.-KLUCZ S3 IEC KA SZCZECIN-ZDUNOWO S6 E28 I generation SŁAWOCIESZE E65 II generation E28 3 10 E28 A6 3 E65 ŚMIERDNICA D SZ CZEC IŃSK I JEZIERZYCE E65 ch od GLA sq m Węglino ra 1. Galeria Kaskada 31 Daleszewo Galaxy DALESZEWO 3. Ster 4. Stare- Turzyn Galeria Handlowa OJN 42 500 32 000 Lisia 119 Atrium Molo Gmina Wysoka 24 900 Gryfińska Galeria Gryf 18 400 8. Marcredo Center 14 000 9. Real 12 400 10. Tesco 11 900 11. Szczecin Outlet Park 9 600 7. MNISZKI CH 21 400 6. Dobropole Gryfińskie KP. WL Auchan Czepino CZEPINO Binowo Miedza 27 500 ÓW 5. Nowe- Chlebowo RZ Żabnica A -Brynki Rekowo Modrzewko Binówka GO 2. 43 000 CZEC IŃSKI W Radziszewo RD SZ Project sch Number Kołowo STARG A od nia Za Sosnówko 119 Od Kamionka Od ra Moczyły Glinna III generation Specialized 10 GAR S3 E28 RADZISZEWO nia Niedźwiedź STAR 31 Kołbaskowo E65 PŁONIA Str. Czarnowo Shopping centres in Szczecin A6 9 11 YN Gmina PODJUCHY Siadło Górne KOŁBASKOWO KOŁBASKOWO WIELGOWO OS. KIJEWO KLĘSKOWO SZCZ.-PODJUCHY Siadło Dolne 13 Z 8 SZCZ.-KIJEWO Kołbaskowo Smolęcin 7 Z ER WI Przecław A SK IOW SZCZ. DĄBIELEN -OSIEDLE GO KA Ustowo PRZECŁAW 142 Jezioro 10 S OR POM 5 13 Warzymice OS. ZAŁOM SZCZECIN GŁÓWNY dnia POŁUDNIOWA SZCZ.-GUMIEŃCE 13 115 a Za Ostoja 1 WYSZ Y SKIEG ŃO SZCZ.POMORZANY AI SZK MIE SZCZ.-DW. WROCŁAWSKI-TOWAR. Odr STOBNO SZCZ. 4 10 KU SŁOŃCU EUROP EJ SKA Przylep 2 SZCZ.-TURZYN 26 KWIETNIA 3 GUMIEŃCE E28 Załom Mierzyn KU SŁ OŃ CU S6 Pucice e SZCZ.-GRABOWO SZCZ.-POGODNO SZY N 10 Pucle-Os. Kliniska Wielkie Czarna Łąka z SZCZ.-DRZETOWO SZCZ.-NIEBUSZEWO MIC KIE WIC ZA Bystra KLINISKA NIEBUSZEWO SZCZ.-ŁĘKNO POGODNO LUB IE ŻELECHOWA E65 J KRZEKOWO i o r o KA NIEMIERZYN Odra BEZRZECZE SZCZ.-GOLĘCINO SZCZ.-ŻELECHOWA S OJ .W AL Bezrzecze S3 Odr a GOLĘCINO ODOLANY 120 120 Kołbacz Lublin Retail stock (sq m) Retail density 304,342 17,000 38,000 EXISTING UNDER CONSTRUCTION PLANNED Purchasing power index (sq m /1,000 inhabitants) 878 49 227 DENSITY - STOCK DENSITY - UND.CONST DENSITY - PLANNED Standard lease terms Tenants’ structure 33.41% 8.41% 32-37 5.57% 8.30% 13.41% 5-10 H1 2013 H2 2013 3.1% 3.6% 25 H1 2014 H2 2014 1.2% 1.9% Rent free period, step-up rent, fit-out budget H1 2015 2.5% 15-25 AVERAGE LEASE LENGTH SERVICE CHARGES (PLN/sq m/month) INCENTIVES 88 H1 2012 H2 2012 (EUR/sq m/month) - shopping centres (years) 11.36% Per household 0.6% 1.6% 1.0% PRIME RENTS (EUR/sq m/month) - high streets 5.23% 104 Vacancy rate PRIME RENTS 14.32% Per inhabitant H2 2011 Economic indicators in 2025 (‚000) • Increase in population till 2025 710 •Residence based retail sales -1.1% •Increase in residence based Shopping centres age 26% 50% (EUR million) 1,931 •Household disposable 4,529 28% •Increase in household 29% retail sales till 2025 •Convenient location in the eastern part of the country N STR E WEA K • Purchasing power at the national average SWOT NIT TU IE S ANALYSIS OP P OR •Increasing importance of shopping tourism E Poland Retail Destinations Lublin •Lack of competing reginal retail destinations • The highest density within the cities of 200,000 - 400,000 inhabitants T HR 5 -10 years old HS GT • Oversupply of retail projects S SSE NE 24% below 5 years old disposable income till 2025 City SWOT analysis •Lack of similar size retail destination within 150 km radius over 10 years old income (EUR million) S AT •Population in agglomeration • Large scale projects in the pipeline • Outflow of young population LUBLIN Krasieniński Majdan Snopkowski Swoboda Helenów Ciecierzyn awin Bystrzyca Snopków Location map Pliszczyn Jakubowice Sobianowice Łagiewniki A AW W W AR SZ Natalin AW A 12 S17 S17 Marysin Elizówka Dębówka WA ŻO Dąbrowica WA R SZ 3 E GO AW SK A AL. SOLIDARNOŚ CI ZÓ W 830 830 NAŁĘC KA L. A Lipniak 13 8 12 7 Świdnik-Mały S12 5 11 -Duży S17 Świdnik Duży II LUBLIN PŁN. 835 9 LUBLIN GŁÓWNY KA WIT OS A 1 ŚWIDNIK-MIASTO 12 17 ŚWIDNIK-WSCH. ŚWIDNIK STASIN POLNY Stasin Leśny Tereszyn LUBLIN-ZALEW Krępiec S12 835 Kalinówka ABRAMOWICKA Stasin 19 10 E372 A O Marynin 2 ZN IEG . AL 747 AL. SOLIDAR KA NIC AŚ KR 82 835 YC YST TUR K NIC KU Konopnica 12 NIC AŚ KR 19 6 19 NOŚCI ZOWS Szerokie 4 SKI AWIŃ OR AL.S M E372 ŁĘC AL. SPÓŁDZIELCZOŚCI 19 17 NA Zarośla Turka 809 S12 Barak ◀ 82 RUDNIK-PRZYSTANEK UNII LUBELSKIEJ ◀ ▶ D ŁO Jastków ZBO S17 E372 CHEŁ M ▶ Kazimierzówka RA ŚN IK I generation ◀K Zemborzyce LUBLIN-ZEMBORZYCE Trojaszkowice II generation Kliny Wilczopole III generation Specialized 835 Żabia Wola Ćmiłów KRĘŻNICA Shopping centres JARA in Lublin Under construction Majdan Mętowski Mętów Prawiedniki-Kol. Krężnica Jara Bartoszówka Number Project 1. Atrium Felicity 2. Prawiedniki Skrzynice II GLA sq m 73 000 Tarasy Zamkowe Osmolice II 38 000 835 Czerniejów 3. Real 4. Galeria Olimp 5. E. Leclerc Turystyczna 60 300 Jabłonna I 11 400 6. Tesco Orkana 19 600 7. Galeria Orkana Paluchówka Skrzynice I A Piaski Jadwisin Żabia Wola 15 500 YCH AW MAJDAN ◀B -Małe Poland Retail Destinations Lublin 19 CIECIERZYN -Dolnych Skrzynice-Kol. ©EURO PILOT Sp. z o.o. 7 600 Jabłonna- 8. Plaza Lublin 24 000 9. Galeria Lubelska 13 000 10. Tatary Retail Park 14 000 11. Outlet Center 12 100 12. E. Leclerc Zana 17 000 13. Retail Park Krasnicka 17 000 Chmiel-Kol. Silesia Retail stock (sq m) EXISTING UNDER CONSTRUCTION PLANNED Retail density 1,084,000 52,500 194,160 Purchasing power index (sq m /1,000 inhabitants) 388 19 69 DENSITY - STOCK DENSITY - UND.CONST DENSITY - PLANNED Standard lease terms Tenants’ structure 26.01% 9.56% 5.15% 7.81% 7.89% 14.43% Per household 98 PRIME RENTS 50-60 H1 2011 H2 2011 PRIME RENTS 20-60 H1 2012 H2 2012 1.7% 1.7% 2.0% 2.3% H1 2013 H2 2013 3.5% 4.0% H1 2014 H2 2014 3.4% 3.5% H1 2015 3.5% (EUR/sq m/month) - shopping centres 5-10 AVERAGE LEASE LENGTH (years) 11.22% 115 Vacancy rate (EUR/sq m/month) - high streets 17.92% Per inhabitant 28 SERVICE CHARGES (PLN/sq m/month) INCENTIVES Rent free period, step-up rent, fit-out budget Economic indicators in 2025 •Population in agglomeration '000 • Increase in population till 2025 2,811 •Residence based retail sales -4.5% •Increase in residence based 8,337 •Household disposable 4,077 27% •Increase in household 29% retail sales till 2025 income (EUR million) disposable income till 2025 City SWOT analysis • A considerable number of local investors’ projects being not fully let •Highly developed road infrastructure and public transport • Limited business networking STR E HS GT Poland Retail Destinations Silesia IE S •Mature market NIT TU •Relatively high disposable income OR 5 -10 years old ANALYSIS • Projects in the pipeline E below 5 years old SWOT T HR over 10 years old WEA K S SSE NE N 57% •Second largest agglomeration in the country OP P 22% S AT Shopping centres age 21% (EUR million) • Growing cost of operation Poland Retail Destinations Silesia Location map 10 12 4 11 3 6 8 13 14 1 7 15 2 9 5 16 I generation II generation III generation Specialized Under construction Largest Shopping centres in Silesia Number Project City GLA sq m 1. Silesia City Center Katowice 84 000 2. Europa Centralna Gliwice 67 000 3. M1 Czeladz 52 500 4. M1 Zabrze 49 300 5. 3 Stawy Katowice 31 200 6. Forum Gliwice 43 000 7. Galeria Katowicka Katowice 42 000 8. Auchan Sosnowiec 40 100 9. Auchan Gliwice 37 500 10. Atrium Plejada Bytom 37 300 11. Arena Gliwice 41 300 12. Pogoria Dabrowa Gornicza 44 600 13. Plejada Sosnowiec 33 500 14. Rawa Retail Park Katowice 33 200 15. Supersam Katowice 21 000 16. Galena Jaworzno 31 500 Bydgoszcz/Torun EXISTING UNDER CONSTRUCTION PLANNED Retail density (sq m /1,000 inhabitants) 339,171 57,000 92,500 Tenants’ structure DENSITY - STOCK B: 570, T: 648 DENSITY - UND. CONST B: 157, T: 88 DENSITY - PLANNED 8.49% PRIME RENTS 15.48% 5.49% PRIME RENTS (EUR/sq m/month) - shopping centres 11.74% over 10 years old Rent free period, step-up rent, fit-out budget below 5 years old BYDGOSZCZ •Population in agglomeration H1 2012 H2 2012 3.7% 2.9% H1 2013 H2 2013 H1 2014 H2 2014 5.9% 5.2% 4.6% 5.3% H1 2015 6.4% 769 '000 4,909 •Residence based retail sales 2,093 •Increase in household 36% (EUR million) • Proximity of other, more matured retail destinations H1 2015 N STR E •Relatively low purchasing power ANALYSIS • Limited number of similar sized retail destinations in the region •Regional character of the cities Poland Retail Destinations Bydgoszcz/Torun WEA K • Relatively low purchasing power SWOT IE S 4.4% 2.5% 4.3% HS GT NIT TU H1 2014 H2 2014 disposable income till 2025 City SWOT analysis OPP OR 6.2% 5.7% income (EUR million) E H1 2013 H2 2013 33% •Household disposable T HR 6.1% 5.9% retail sales till 2025 S SSE NE H1 2012 H2 2012 •Increase in residence based 0.3% TORUN 9.5% 5 -10 years old •Increase in population till 2025 • Good public infrastructure H2 2011 26% 57% 28 SERVICE CHARGES Economic indicators in 2025 3.2% 17% 5-10 (years) Vacancy rate H2 2011 93 15-25 (EUR/sq m/month) - high streets INCENTIVES Per household B: 38-42 T: 28-32 (PLN/sq m/month) 9.61% 107 Shopping centres age AVERAGE LEASE LENGTH 7.62% Per inhabitant B: 73, T: 79 Standard lease terms 31.46% 10.11% Purchasing power index S AT Retail stock (sq m) • Constant outflow of young population • Increasing importance of other, more developed retail destinations Poland Retail Destinations Bydgoszcz/Torun Maksymilanowo MAKSYMILANOWO Tryszczyn-Doły Wilcze OSZCZ Niwy Rybieniec Osielsko Jarużyn Osielsko ŚW IEC IE Niemcz ŁOSKOŃ Myślęcinek 25 PIASKI MARIAMPOL DOLNY Czarnówczyn RYNKOWO ZOFIN ZAMCZYSKO ERS A CZARNÓWKO 8 FORDON BYDGOSZCZ-FORDON E261 SZWEDEROWO INOWROCŁAWSKA Gmina Trzciniec Port Lotniczy Bydgoszcz im. Jana Paderewskiego AŃ SK A IEG O GD SK UŁ J. S AL. K ARD. WYSZYŃSKIEGO KO W 3 KA W AL. JANA PA J-CURIE ŃSKA WŁ .B 4 Gm. Dąbrowa TORUŃSKA NOW Chełmińska OTO RUŃ SKA CZERSKO POLSKIE CHEMICZNA GLINKI GL IN KI BYDGOSZCZ-ŁĘGNOWO Project GLA sq m 1. Rondo Bydgoszcz 34 600 2. Auchan Bydgoszcz 40 000 3. Tesco Extra Bydgoszcz 17 800 4. Galeria Pomorska 30 000 5. CH Glinki 15 800 6. Dom Mody Drukarnia 11 000 7. Focus Mall Bydgoszcz 44 000 8. Galeria Fordon 6 000 9. Batory Park Handlowy 7 300 10. Zielone Arkady 47 000 I generation Zławieś Wlk. Otorowo II generation 249 394 5 III generation CŁAW E261 S5 SOLEC KUJAWSKI 397 ◀ INOWRO S10 E261 Lulkowo ©EURO PILOT Sp. z o.o. Wypaleniska Under construction PŁOŃSK ▶ 10 Gmina BYDGOSZCZ-EMILIANOWO Piwnice Drążkowo Łysomice Olek Shopping centres in Torun ◀ GDAŃSK Łysomice ŚWIECIE ▶ 552 Location map Specialized 249 Makowiska 10 Zielonka Rogowo ŁYSOMICE Lipniczki Papowo Toruńskie Papowo Toruńskie-Osieki Brzeźno Gmina 552 Rogówko Lubicz Poniatówka PAPOWO TORUŃSKIE 15 Grębocin 553 BARBARKA A M BE 80 BRONIEWSKIEGO 257 273 SKA TORUŃ ANDERSA RP TORUŃ-MIASTO OLS ZTY ŃS KA 48 200 Plaza Torun 40 000 Krobia A1 E75 RYP IŃS KA 657 Złotoria Cegielnia Gmina 654 Lubicz RUDAK Nowa Wieś Kopanino I generation CZERNIEWICE S10 Smolnik TORUŃ-CZERNIEWICE Obory II generation Grabowiec Brzoza III generation BRZOZA TORUŃSKA W A1 Gm. Obrowo K▶ 1 WE Gmina Wielka Nieszawka 654 CŁA WŁO WR OC ŁA Atrium Copernicus 4. KASZCZOREK RUDAK-STAWKI 15 INO 24 100 657 CZERNIEWICE ◀ Galeria Bielawy 3. Gumowo S10 Chorągiewka 2. Lubicz Górny ŁÓDZKA 15 20 500 Krobia n. Szosą 654 PODGÓRZ Cierpiszewo GLA sq m Kometa OS. NA SKARPIE 91 STAWKI Lubicz Dolny 10 IE A DZK ŁÓ TORUŃ-KLUCZYKI 15 15 PO ZN AŃ SK A ce SKA ZAW NIES ŃSKA ZNA PO SKA JAW KU SKA GÓR POD TORUŃ WSCH. 80 A BICK A LU SZOS PRZEDM. JAKUBOWSKIE 585 Project 1. LUBICZ KA DZ ŁÓ 257 TORUŃ GŁÓWNY Number E75 ZNA YC ST RY TU A II AWŁ NA P AL. JA Mała Nieszawka 273 3 KA BIC LU A1 ABISYNIA 2 RUBINKOWO 80 A PRZY ON RW A WA CZEDROG RS ZAW SK 91 A 15 Wielka Nieszawka URIE WSKIEJ-C ODO SKŁ M. ŻUŁK IEWS KIEGO KI CIUSZ T. KOŚ U NIK OW SZ KA PRZEDM. BYDGOSKIE KA ŃS MI EŁ 4 SZOSA B YDGOSKA H SA C SZO 80 A EDNICOW NA TRASA ŚR PÓŁNOC TORUŃ WSCH. GRĘBOCIN A SK ZY PR SZOSA OKRĘŻNA LEGIONÓW POLNA A LN PO TRASA WSCHO DNIA Zławieś 1 POLNA GRUDZ IĄDZKA A LN PO Jedwabno TORUŃ-GRĘBOCIN OK ÓL NA Gmina 91 J.) NIA (PRO WSCHOD TRASA SKA MIŃ HEŁ AC OS 15 WRZOSY Wielka Przydatki 552 SZ 10 Number Gm. Ń ysiek 80 ŁĘGNOWO Białe Błota otka 80 Strzyżawa A 25 TRZCINIEC 551 ŃSK DO FOR BYDGOSZCZ WSCH. 80 TORU 5 AL. JANA PAWŁA II Białe Błota 9 S U Mała Kępa INW LEW KAMIEALIDÓW IŃSKIEGO NNA DOWSKIE FORDOŃSKA TORUŃS 10 BRZOZOWA 25 BIEDASZKOWO KA M. SKŁO BYDGOSZCZ-BIELAWY 6-LETNIEGO GO LOŃS GO LA NU KIE L. SOLS 80 SKIE AL .P A SAK 7 PUŁA FOR – WAR Ń TOR NA A KOS R. SKRZETUSKIE Y ELZ 223 6 NA CH OD KIEWICZA JAGIEL WA JA ŁY GIELLOŃSK I E LA OR K. WA KA KUJAWS SKA BIŃ SZU RC O 2 BYDGOSZCZ-BRDYUJŚCIE SPORNA 1 DWORCOW BYDGOSZCZ GŁÓWNA KAMIEN OSTROMECKO 549 SKA AWA ▶ Z DOŃ SZPITAL KA KA TRASA UNIWER SYTECK A DZ JS II WA L KA RY BYDGOSZCZ-AKADEMIA 5 ŁA UN IELS D WO GR NAK MIEDZYŃ LE G A SK BYDGOSZCZ ZACH. AR TY LUDWIKOWO BYDGOSZCZ TOWAROWA POM GD ORSKA AŃ SK A 80 BYDGOSZCZ-LEŚNA ZAWISZA K JARDÓLO WIGWEJ I ZKA R LA W RÓ ŻE PE SA KA ŻEGLARS NW ALD NAD TOREM CZYŻÓWKO GRU FLISY AND A WSK ARMII KRAJO W NO KORO RYNKOWO-WIADUKT JACHCICE PAŁCZ 256 EJ OWA ÓRA WYZWOLENIA Sicienko Rafa 256 5 SMUKAŁA DOLNA KORONOWO ▶ JANOWO GÓRNE OPŁAWIEC Shopping centres in Bydgoszcz Jarużyn-Kol. Gmina ▶ WO JANOWO DOLNE Gmina Kąty Jagodowo Location map RONO ◀ KO 244 E75 258 Silno Nowy Świat Antoniewo 258 Dzikowo RETAIL DEFINITIONS Modern Shopping Centre A scheme that is planned, built and managed as a single entity, comprising units and “communal” areas, with a minimum gross lettable area (GLA) of 5,000 sq m, usually a group of at least 10 shops and services. 1st generation shopping centre Hypermarket is dominating and accounts for 70% of the centre’s area, while the rest of the area is taken by a small shopping gallery. Examples: Galeria Lubelska in Lublin, Arena in Gliwice. 2nd generation shopping centre Units in the shopping gallery account for approx. 40-50% of the total GLA of the scheme, typically complemented with a small supermarket or a hypermarket. Examples: Klif , Wileńska in Warszawa, Ferio in Legnica. 3rd generation shopping centre A shopping centre dominated by units in a shopping gallery (in terms of GLA) and hosting additional leisure element (typically a multiplex cinema, bowling or ice rink). Shopping gallery accounts for approx. 70% of total GLA. Examples: Arkadia, Złote Tarasy, Poznań Plaza, Pasaż Grunwaldzki. Retail Park Is a consistently designed, planned and managed scheme that comprises mainly medium - and large - scale specialist retailers (“big box” or “retail warehouses”). Usually it has an edge or out of town location. Outlet Centre Consistently designed, planned and managed scheme with separate store units, where manufacturers and retailers sell merchandise at discount prices (typically of a surplus , last -season or slow selling stock). Hypermarket Stand Alone Free-standing, large scale store (between 2,000 and 5,000 sq m), that offers a wide variety of food and household products, typically complemented with a small service gallery with less than 10 units. Diy Stand Alone Do-It-Yourself’ store is a free-standing store with tools and products needed for garden and home building, refurbishing and maintenantce. CBRE includes the most active chains (Castorama, Leroy Merlin, OBI). Total Retail LA The sum of the LA from all of the existing retail formats such as: shopping centres, shopping & leisure centres, stand alone hypermarkets (not included in the shopping centres), retail parks, stand alone DIY stores (not included in the shopping centres or retail parks) and outlet centres. Total Retail Density The ratio of the total retail GLA per sq m per 1,000 inhabitants. STANDARD MARKET PRACTICE Basis of measurement/Valuation method Whether the Property is under construction, Residual method is used in the valuation. Due to the fact that the Property is planned for development/building is under construction, the Mixed approach and Residual method is used in our valuation. Market transparency The property market is transparent with regards to property titles but a degree of opacity persists with regards to the availability of market information. The information on historical freehold and perpetual usufruct (public ground lease) transactions registered as notarised deeds is freely accessible to the relevant property valuers, but there is no public record of lease transactions. Rent payment Rent is payable monthly in advance, and is quoted without VAT (sales tax). Rent escalation/Rent review Annual Tenants’ covenant Covenant strength is very important within the Polish market. Rental deposit, bank or parent company’s guarantee equivalent to 3-6 months’ rent, service charge, marketing costs and VAT is expected from all tenants. Service charge Within shopping centres service charge payments are common and will include repairs, cleaning and security. Property taxes and other costs Tax on sales: Revenues generated on the sale of real estate are subject to the standard taxation rules of Polish corporate income tax. Effectively, only the “capital gain” is taxed at 19%. The revenue from the sale of real estate must be valued at the price set in the sale contract. Costs incurred by the buyer for the acquisition of real estate, such as the purchase price, transaction costs including advisory fees, civil law transaction tax (if applicable), form the initial value of the real estate and are recognised as tax deductible costs through depreciation write-offs or upon sale. The assets of the business or part sold will be subject to civil law transaction tax payable by the buyer at the rate appropriate for a particular item (2% for land, buildings and other tangible property). Operating tax: Real estate tax is charged to the owner of the land or buildings and infrastructure that are used for business activities. The local authorities set the real estate tax rates and collect the revenues. Agents’ fees 8-12% of annual rent. Incentives Incentives include capital contributions toward shop-fitting and rent free periods, negotiated between the parties. Anchor tenants can expect a minimum of 3 months’ rent free or a fit-out contribution. Lease length and terms Typical lease contract period is 5 to 10 years with an option to extend. Most rents are denominated in EUR and paid in zlotys, but service charges and other payments (e.g., marketing fees) are often denominated in the local currency. Rents are typically the subject of annual indexation by the European Eurostat Index. Selling a lease Sale and lease back transactions are increasingly popular in Poland. There, however is no consistent market practice and it has bot been a subject of a separate regulation; such transactions effectively consist of two separate agreements. tenants can expect a minimum of 3 months’ rent free or a fit-out contribution. Disclaimer CBRE Sp. z o.o confirms that information contained herein, including projections, has been obtained from sources believed to be reliable. While we do not doubt their accuracy, we have not verified them and make no guarantee, warranty or representation about them. It is your responsibility to confirm independently their accuracy and completeness. This information is presented exclusively for use by CBRE clients and professionals and all rights to the material are reserved and cannot be reproduced without prior written permission of CBRE. Source: CBRE, Oxford Economics, GfK, RRF, PRRF
