Romania Retail Regional Cities 2014

Transcription

Romania Retail Regional Cities 2014
ROMANIA REGIONAL CITIES
RETAIL MARKET 2014
transforming the world
of property services
ROMANIA REGIONAL CITIES
RETAIL MARKET 2014
ROMANIA REGIONAL CITIES
RETAIL MARKET 2014
Welcome to DTZ Echinox first edition of ‘Romania Regional Cities Retail
Market 2014’. This guide provides data on modern retail properties
across Romania, along with demographic and economic information.
The modern retail stock outside Bucharest is of 1.9 million sq. m. Shopping centers account for 62%, while retail parks
and commercial galleries represent 21% and 18% from total retail stock. Most of the retail space outside Bucharest –
approximately 60% - was delivered between 2006 – 2008.
We have analyzed 28 cities, across 7 administrative regions, excluding
Bucharest. We have used the same information for all cities, in order to
facilitate comparison.
Currently there are only two shopping centers under construction outside Bucharest. Shopping City Targu Jiu, with
27,000 sq. m of rentable area is expected to be delivered this year. Coresi Shopping Center, located in Brasov, will have
upon completion in 2015, 51,300 sq. m of rentable area.
This guide is a perfect tool for all market players, allowing them to
get a better understanding of the retail market in Romania.
Headline rents achieved for units of 100 sq. m in dominant shopping centres outside Bucharest range in average
between € 20 – 25 / sq. m/ month. In cities such Cluj Napoca, Timisoara, Iasi or Constanta the prime headline rents are
with 25% - 35% higher. For tertiary cities the prime headline rents are between € 12 – 18 / sq. m/ month.
The guide includes, but is not limited to:
 Statistics for each city analyzed such as population,
unemployment rate and income;
INTRODUCTION
Structure of modern retail stock outside Bucharest
Existing stock (sq m)
 Information such as rentable surface, delivery date, major
tenants, shop units and parking places for each modern retail
development;
 Information on prime rents;
Modern retail stock outside Bucharest 2002 - 2015
Shopping centers
16%
2,500,000
2,000,000
22%
1.9
mil. sq. m
Retail parks
62%
 A list of modern retail schemes in operation in each city.
1,000,000
Commercial galleries
We hope you find the publication interesting and we encourage you
to access the wide variety of DTZ publications.
1,500,000
500,000
0
Source: DTZ Echinox
Source: DTZ Echinox
New supply (sq m)
MODERN RETAIL STOCK
NORTH – WEST REGION
MODERN RETAIL STOCK
NORTH – WEST REGION
No. of cities with existing modern retail spaces
Total population
747,082
Age structure 15 – 65 years
74%
Average net salary (€)
318
Total modern retail space (sq. m)
Total modern retail stock density (sq m)
(per 1,000 inhabitants)
Shopping Centers
4
357,300
478
Source: National Institute of Statistic
Source: DTZ Echinox
NORTH - WEST
Retail Parks
Commercial Galleries
TOTAL
City
Total no.
of SC
Total GLA
(sq. m)
Total no. of
Retail Parks
Total GLA
(sq. m)
Total no. of
Commercial
Galleries
Total GLA
(sq. m)
N-W
Oradea
2
70,200
1
64,000
1
17,700
151,900
Satu Mare
0
0
0
0
1
14,200
14,200
Baia Mare
1
30,000
0
0
1
11,700
41,700
Cluj Napoca
3
109,000
0
0
2
40,500
149,500
Total
6
209,200
1
64,000
5
84,100
357,300
Source: DTZ Echinox
14,200 sq. m
47,700 sq. m
151,900 sq. m
149,500 sq. m
ORADEA
ORADEA
MODERN RETAIL DEVELOPMENTS
MAJOR INDICATORS 2013
Population
196,367
Age structure 15 – 65 years
74%
Unemployment rate %
3,8%
Average net salary (€)
278
1
Name
Address
GLA sq. m
Shop units
Parking
Year of opening
Owner
Era Shopping Park
62 Aradului Avenue
64,000
100
2,000
2009
ARGO Real
Estate
Major tenants: Carrefour, Bricostore, Media Galaxy, Mobexpert, Elvila, Lem’s, Naturlich, Flanco
2
Source: National Institute of Statistic
Lotus Center
30 Nufarului St.
40,150
150
2000
Lotus Center
2008 (1st extension)
SA
2011 (refurbishment)
1,400
Major tenants: Carrefour, Media Galaxy, Inditex, C&A, CCC, H&M, Deichmann, Cinema Palace
RETAIL SPACE & MARKET CONDITIONS 2013
No. of shopping centers in operation
2
No. of retail parks
1
No. of commercial galleries
1
Total modern retail stock (sq. m)
151,900
87 Aradului Avenue
30,000
120
1,000
2011
Shopping
Center
Holding
17,700
25
550
2008
Real
Major tenants: Cortina Cinema Digiplex, Intersport, New Look
4 Real Commercial Gallery
10 Suisului St.
Major tenants: Real, Leonardo, DM, Takko, JYSK
Source: DTZ Echinox
Total modern retail stock density (sq. m)
(per 1,000 inhabitants)
774
Prime shopping rents*
25 €
No. of big boxes
11
Big Box Retailers
Metro, Selgros, Carrefour (2),
Auchan, Real, Bricostore,
Arabesque, Obi, Praktiker,
Mobexpert
*Headline rent level achieved in dominant shopping centres for units of approximately 100 sq m
Source: DTZ Echinox
ORADEA
3 Oradea Shopping City
1
2
3
SATU MARE
SATU MARE
MAJOR INDICATORS 2013
Population
MODERN RETAIL DEVELOPMENTS
102,411
Age structure 15 – 65 years
73%
Unemployment rate %
3,8%
1
Name
Address
GLA sq. m
Shop units
Parking
Year of opening
Owner
Auchan
Commercial Gallery*
77-79
Drumul Careiului
DN19
14,200
20
1,000
2006
Immochan
Major tenants: Metro Punct, JYSK, Leonardo, Takko, Altex
*Former Real Commercial Gallery
Average net salary (€)
293
Source: DTZ Echinox
Source: National Institute of Statistic
SATU MARE
RETAIL SPACE & MARKET CONDITIONS 2013
No. of commercial galleries*
Total modern retail stock (sq. m)
Total modern retail stock density (sq m)
(per 1,000 inhabitants)
1
14,200
139
No. of big boxes
3
Big box retailers
Kaufland, Auchan,
Praktiker
Source: DTZ Echinox
1
BAIA MARE
BAIA MARE
MAJOR INDICATORS 2013
Population
MODERN RETAIL DEVELOPMENTS
123,728
Age structure 15 – 65 years
73%
Unemployment rate %
3.8%
Average net salary (€)
292
1
Name
Address
GLA sq. m Shop units
Gold Plaza
73 Victoriei St.
30,000
100
Parking
Year of opening
Owner
600
2010
Immofinanz
1,000
2011
Immochan
Major tenants: Cora, Cinema City, H&M, Intersport, C&A, Deichmann, New Yorker, Takko, Domo
2
*Former Real Commercial Gallery
Source: DTZ Echinox
RETAIL SPACE & MARKET CONDITIONS 2013
No. of shopping centers in operation
1
No. of commercial galleries
1
41,700
Total modern retail stock density (sq m)
(per 1,000 inhabitants)
337
Prime shopping rents*
15 €
No. of big boxes
9
Big box retailers
Kaufland (2), Auchan, Cora,
Metro, Praktiker, Arabesque,
Dedeman, Ambient
*Headline rent level achieved in dominant shopping centres for units of approximately 100 sq m
Source: DTZ Echinox
144 Bucharest Blvd.
Major tenants: JYSK, DM, Sensiblue, B&B
Source: National Institute of Statistic
Total modern retail stock (sq. m)
Auchan
Commercial Gallery*
BAIA MARE
1
1
11,700
12
CLUJ NAPOCA
CLUJ NAPOCA
MAJOR INDICATORS 2013
MODERN RETAIL DEVELOPMENTS
Population
324,576
1
Age structure 15 – 65 years
76%
Unemployment rate %
3,5%
Average net salary (€)
408
Name
Address
Polus Center
Floresti
GLA sq. m Shop units
Parking
Year of opening
Owner
61,000
200
2,500
2007
Immofinanz
41,000
210
2,500
2007
Iulius Group
20,500
21
400
2007
Immochan
142 1 Dec. 1918 Blvd.
20,000
15
1,200
2006
Cora
19 Bucegi St.
7,000
20
50
2013 Refurbished
IGD
Major tenants: Carrefour, C&A, Inditex, H&M, New Yorker, Odeon Cinema
2
Iulius Mall
Al. Vaida Voievod
Major tenants: Auchan, Cinema City, Inditex, H&M, Deichmann
3
Source: National Institute of Statistic
Auchan
Commercial Gallery*
1-15 Muncii Blvd.
Major tenants: JYSK, Altex, Takko, DM, Berende Creation
4
RETAIL SPACE & MARKET CONDITIONS 2013
No. of shopping centers in operation
3
No. of commercial galleries
2
Total modern retail space (sq m)
149,500
Major tenants: Cora, Sephora, Meli Melo
5
Winmarkt
Major tenants: Carrefour Market, DM, Sensiblue, Leonardo
*Former Real Commercial Gallery
Source: DTZ Echinox
Total modern retail stock density (sq m)
(per 1,000 inhabitants)
461
Prime shopping rents*
35 €
No. of big boxes
14
Big box retailers
Auchan (2), Kaufland (2),
Carrefour, Cora, Metro, Selgros,
BauMax (2), Praktiker,
Dedeman, Arabesque, Ambient
*Headline rent level achieved in dominant shopping centres for units of approximately 100 sq m
Source: DTZ Echinox
CLUJ NAPOCA
Cora
Commercial Gallery
1
2
5
MODERN RETAIL STOCK
WEST REGION
MODERN RETAIL STOCK
WEST REGION
No. of cities with existing modern retail spaces
Total population
539,476
Age structure 15 – 65 years
74%
Average net salary (€)
359
Total modern retail space (sq. m)
Total modern retail stock density (sq m)
(per 1,000 inhabitants)
Shopping Centers
3
241,800
419
Source: National Institute of Statistic
Source: DTZ Echinox
Retail Parks
Commercial Galleries
TOTAL
City
Total no. of
SC
Total GLA
(sq. m)
Total no. of
Retail Parks
Total GLA
(sq. m)
Total no. of
Commercial
Galleries
Total GLA
(sq. m)
W
Timisoara
2
78,500
0
0
2
28,000
106,500
Arad
2
62,500
0
0
1
15,600
78,100
Deva
1
9,000
1
32,700
0
0
41,700
Total
5
150,000
0
32,700
3
43,600
226,300
Source: DTZ Echinox
WEST
78,100 sq. m
106,500 sq. m
41,700 sq. m
TIMISOARA
TIMISOARA
MAJOR INDICATORS 2013
Population
MODERN RETAIL DEVELOPMENTS
319,279
1
Age structure 15 – 65 years
79%
Unemployment rate %
1,7%
Average net salary (€)
402
Name
Address
Iulius Mall
Aristide Demetriade
GLA sq. m Shop units
Parking
Year of opening
Owner
210
2,500
2005
Iulius Group
15,500
20
1,000
2007
Immochan
56 Aradului Avenue
12,500
20
1,000
2006
Immochan
3 Carol Telbisz
12,000
42
80
2005
Bega Group
66,500
Major tenants: Auchan, Inditex, C&A, Media Galaxy, Intersport, Cinema City
2
Auchan
Commercial Gallery*
223 Sagului Avenue
Major tenants: JYSK, Takko, Leonardo, Altex, DM
3
Source: National Institute of Statistic
Major tenants: Takko, DM, Leonardo
4
RETAIL SPACE & MARKET CONDITIONS 2013
No. of shopping centers in operation
2
No. of commercial galleries
2
Total modern retail space (sq. m)
TIMISOARA
Bega Shopping Center
Major tenants: Carrefour Market, Leonardo, Steilmann
*Former Real Commercial Gallery
Source: DTZ Echinox
106,500
Total modern retail stock density (sq. m)
(per 1,000 inhabitants)
334
Prime shopping rents*
35 €
No. of big boxes
14
Big box retailers
Metro (2), Auchan (2), Kaufland
(2), Selgros, Praktiker (2),
Hornbach, Arabesque, BauMax,
Dedeman, Jumbo
*Headline rent level achieved in dominant shopping centres for units of approximately 100 sq m
Source: DTZ Echinox
Auchan
Commercial Gallery*
1
4
ARAD
ARAD
MAJOR INDICATORS 2013
MODERN RETAIL DEVELOPMENTS
Population
159,074
Age structure 15 – 65 years
1
72%
Name
Address
Galleria Arad
225- 235 Aurel Vlaicu
Avenue
GLA sq. m Shop units
Parking
Year of opening
Owner
32,500
94
1,500
2011
GTC
30,000
150
950
2010
Trigranit
20
500
2008
Real
Major tenants: Cora, Inditex, Intersport, Leonardo, Cinema City
Unemployment rate %
3,2%
Average net salary (€)
347
2
Atrium Center
10 – 12 Aurel Vlaicu
Avenue
Major tenants: Billa, Deichmann, C&A, Takko, New Yorker, H&M, Hervis, Cinema City
3
Source: National Institute of Statistic
Real Commercial Gallery
298 Radnei Avenue
Major tenants: Real, JYSK, Domo, Leonardo, Takko, DM
Source: DTZ Echinox
RETAIL SPACE & MARKET CONDITIONS 2013
No. of shopping centers in operation
2
No. of commercial galleries
1
Total modern retail space (sq m)
78,100
1
Total modern retail stock density (sq m)
(per 1,000 inhabitants)
491
Prime shopping rents*
17 €
No. of big boxes
9
Big box retailers
Cora, Kaufland, Metro,
Selgros, Real, Praktiker,
Bricostore, Obi, Dedeman
*Headline rent level achieved in dominant shopping centres for units of approximately 100 sq m
Source: DTZ Echinox
ARAD
2
15,600
DEVA
DEVA
MODERN RETAIL DEVELOPMENTS
MAJOR INDICATORS 2013
Population
61,123
1
Age structure 15 – 65 years
71%
Unemployment rate %
5,9%
Average net salary (€)
328
Name
Address
GLA sq. m
Shop units
Parking
Deva Retail Park
87 Zarandului Avenue
32,700
40
1,500
2007
NEPI
2
40
300
2008
Dor
Pluricomprest
Deva Mall
Iulius Maniu Blvd.
Major tenants: Profi, Orsay, Benvenuti, Adidas
Source: DTZ Echinox
No. of shopping centers in operation
1
No. of retail parks
1
Total modern retail space (sq m)
DEVA
41,700
1
Total modern retail stock density (sq m)
(per 1,000 inhabitants)
682
Prime shopping rents*
13 €
No. of big boxes
Retailers
5
Metro, Auchan
Kaufland, Praktiker,
Ambient
*Headline rent level achieved in dominant shopping centres for units of approximately 100 sq m
Source: DTZ Echinox
Owner
Major tenants: Metro, Auchan, Praktiker, JYSK, Leonardo, Takko, DM, Domo
Source: National Institute of Statistic
RETAIL SPACE & MARKET CONDITIONS 2013
Year of opening
2
9,000
MODERN RETAIL STOCK
CENTRAL REGION
MODERN RETAIL STOCK
CENTRAL REGION
Shopping Centers
No. of cities with existing modern retail spaces
Retail Parks
Commercial Galleries
4
TOTAL
598,271
City
Total no. of
SC
Total GLA
(sq. m)
Total no. of
Retail Parks
Total GLA
(sq. m)
Total no. of
Commercial
Galleries
Total GLA
(sq. m)
CENTRAL
Age structure 15 – 65 years
73%
Alba Iulia
1
14,000
0
0
0
0
14,000
Average net salary (€)
344
Targu Mures
1
10,000
1
50,000
1
11,000
71,000
213,200
Brasov
3
43,600
0
0
0
0
43,600
356
Sibiu
0
0
1
84,600
0
0
84,600
Total
4
112,000
2
76,000
2
22,800
213,200
Total population
Total modern retail space (sq. m)
Total modern retail stock density (sq m)
(per 1,000 inhabitants)
Source: National Institute of Statistic
Source: DTZ Echinox
CENTRAL
Source: DTZ Echinox
71,000 sq. m
37,600 sq. m
14,000 sq. m
84,600 sq. m
ALBA IULIA
ALBA IULIA
MODERN RETAIL DEVELOPMENTS
MAJOR INDICATORS 2013
Population
Name
63,536
1
Age structure 15 – 65 years
74%
Alba Mall
Address
GLA sq. m
Shop units
Parking
Year of opening
Owner
50 A
Tudor Vladimirescu
St.
14,000
58
400
2007
SC Mall Alba SRL
Major tenants: Altex, Leonardo, Puma, Kenvelo, Noriel
Unemployment rate %
10,4%
Source: DTZ Echinox
Average net salary (€)
307
Source: National Institute of Statistic
RETAIL SPACE & MARKET CONDITIONS 2013
No. of shopping centers in operation
Total modern retail space (sq. m)
1
14,000
1
Total modern retail stock density (sq. m)
(per 1,000 inhabitants)
220
Prime shopping rents*
13 €
No. of big boxes
3
Big box retailers
Kaufland, Dedeman,
Ambient
*Headline rent level achieved in dominant shopping centres for units of approximately 100 sq m
Source: DTZ Echinox
ALBA IULIA
1
TARGU MURES
TARGU MURES
MODERN RETAIL DEVELOPMENTS
MAJOR INDICATORS 2013
Population
Name
134,290
1 Promenada Targu Mures
Age structure 15 – 65 years
72%
Unemployment rate %
4,7%
Average net salary (€)
331
2
243 Ghe. Doja St.
3
Auchan
Commercial Gallery*
1 Decembrie 1918
Blvd.
Mures Mall
14 Victoriei Square
Major tenants: Carrefour, New Yorker, Noriel, Leonardo, Douglas, Adidas
*Former Real Commercial Gallery
No. of shopping centers in operation
1
No. of retail parks
1
No. of commercial galleries
1
71,000
Total modern retail stock density (sq. m)
(per 1,000 inhabitants)
529
Prime shopping rents*
18 €
No. of big boxes
10
Big box retailers
Auchan (2), Selgros, Metro,
Kuafland, BauMax, Praktiker,
Dedeman, Ambient, Arabesque
*Headline rent level achieved in dominant shopping centres for units of approximately 100 sq m
Parking
Year of opening
Owner
75
1,500
2007
AEW
11,000
20
500
2006
Immochan
10,000
45
100
2007
Matrix
Investment
50,000
Major tenants: Auchan, JYSK, Domo, Leonardo, Takko, DM
RETAIL SPACE & MARKET CONDITIONS 2013
Source: DTZ Echinox
GLA sq. m Shop units
Major tenants: Auchan, BauMax, Media Galaxy, Cinema City, New Yorker, H&M, Hervis
Source: National Institute of Statistic
Total modern retail space (sq. m)
Address
TARGU MURES
Source: DTZ Echinox
1
3
SIBIU
SIBIU
MODERN RETAIL DEVELOPMENTS
MAJOR INDICATORS 2013
Population
147,245
1
Name
Address
Sibiu Shopping City
DN1, Km 306,
Selimbar, Sibiu
GLA sq. m Shop units
84,600
150
Parking
Year of opening
Owner
4,500
2006
ARGO Real
Estate
Age structure 15 – 65 years
73%
Major tenants: Auchan, Carrefour, Domo, H&M, C&A, Altex, Decathlon, BauMax, Mobexpert, Deichmann, New Yorker
Unemployment rate %
4,4%
Source: DTZ Echinox
Average net salary (€)
362
Source: National Institute of Statistic
RETAIL SPACE & MARKET CONDITIONS 2013
No. of retail parks
Total modern retail space (sq. m)
1
84,600
Total modern retail stock density (sq. m)
(per 1,000 inhabitants)
575
Prime shopping rents*
20 €
No. of big boxes
9
Big box retailers
Kaufland, Auchan,
Carrefour, Metro, BauMax,
Mobexpert, Obi, Ambient,
Dedeman
*Headline rent level achieved in dominant shopping centres for units of approximately 100 sq m
Source: DTZ Echinox
SIBIU
1
1
BRASOV
BRASOV
MODERN RETAIL DEVELOPMENTS
MAJOR INDICATORS 2013
Population
Name
253,200
Age structure 15 – 65 years
74%
Unemployment rate %
4,8%
Address
GLA sq. m Shop units
1 Coresi Shopping Center (UC)
Parking
Year of opening
Owner
51,300
130
2,000
2015
Immochan
20,000
46
390
2008
Nova Trade
16,000
50
450
2004
ISRO
House/
Immochan
7,600
20
250
2006
Miller
Group
Major tenants: Auchan, CCC, Humanic, Deichmann, Inditex
2
Unirea Shopping Center
3 Garii Blvd.
Major tenants: Penny XXL, Inditex, Kenvelo, H&M, Noriel, Leonardo, Flanco
Average net salary (€)
374
3
Eliana Mall + Auchan
(former Real)
1 Caramidariei
Bazaltului St.
Source: National Institute of Statistic
Major tenants: Real, Cityplex, Takko, Deichmann, Leonardo
RETAIL SPACE & MARKET CONDITIONS 2013
No. of shopping centers in operation
3
No. of shopping centers under construction
1
Total modern retail space (sq. m)
Magnolia Center
8 Crisului St.
Major tenants: Carrefour Market, Domo, Eponge, Mondex
Source: DTZ Echinox
1
2
3
4
43,600
Total modern retail stock density (sq. m)
(per 1,000 inhabitants)
172
Prime shopping rents*
25 €
No. of big boxes
8
Big box retailers
Kaufland, Auchan,
Carrefour, Metro, BauMax,
Mobexpert, Obi, Ambient
*Headline rent level achieved in dominant shopping centres for units of approximately 100 sq m
Source: DTZ Echinox
BRASOV
4
MODERN RETAIL STOCK
NORTH – EAST REGION
MODERN RETAIL STOCK
NORTH - EAST REGION
Shopping Centers
No. of cities with existing modern retail spaces
Total population
Retail Parks
Commercial Galleries
6
774,159
TOTAL
City
Total no. of
SC
Total GLA
(sq. m)
Total no. of
Retail Parks
Total GLA
(sq. m)
Total no. of
Commercial
Galleries
Total GLA
(sq. m)
N-E
Bacau
1
26,000
1
42,600
1
13,700
82,300
Age structure 15 – 65 years
74%
Average net salary (€)
301
Piatra Neamt
2
18,300
0
0
0
0
18,300
421,800
Suceava
1
50,000
1
46,000
1
12,900
108,900
545
Botosani
2
37,500
0
0
1
11,500
49,000
Iasi
2
77,800
1
39,400
1
28,500
145,700
Vaslui
2
17,600
0
0
0
0
17,600
Total
9
221,400
3
128,000
4
66,600
421,800
Total modern retail space (sq. m)
Total modern retail stock density (sq m)
(per 1,000 inhabitants)
Source: National Institute of Statistic
Source: DTZ Echinox
NORTH - EAST
Source: DTZ Echinox
108,900 sq. m
49,000 sq. m
145,700 sq. m
18,300 sq. m
17,600 sq. m
82,300 sq. m
BACAU
BACAU
MAJOR INDICATORS 2013
MODERN RETAIL DEVELOPMENTS
Population
144,307
1
Age structure 15 – 65 years
72%
Unemployment rate %
6,3%
Average net salary (€)
311
Name
Address
European Retail Park
181 Republicii Avenue
GLA sq. m Shop units
Parking
Year of opening
Owner
42,600
80
1,250
2007
BelRom
26,000
140
700
2007
Arena City
Center
37
725
2012
Cora
Major tenants: Auchan, Intersport, Deichamann, BauMax, Media Galaxy
2
Arena Mall
28 Stefan cel Mare St.
Major tenants: Cinema City, Inditex, New Yorker, H&M, Noriel, Intersport, Altex, Flanco
3 Cora Commercial Gallery
Source: National Institute of Statistic
Source: DTZ Echinox
No. of shopping centers in operation
1
No. of retail parks
1
No. of commercial galleries
1
82,300
Total modern retail stock density (sq. m)
(per 1,000 inhabitants)
570
Prime shopping rents*
18 €
No. of big boxes
9
Big box retailers
Cora, Kaufland, Auchan,
Selgros, Metro, BauMax,
Praktiker, Dedeman,
Arabesque
*Headline rent level achieved in dominant shopping centres for units of approximately 100 sq m
Source: DTZ Echinox
13,700
Major tenants: Cora, Kenvelo, Domo, Lee Cooper
RETAIL SPACE & MARKET CONDITIONS 2013
Total modern retail space (sq. m)
2-4 Milcov St.
BACAU
1
2
3
PIATRA NEAMT
PIATRA NEAMT
MAJOR INDICATORS 2013
MODERN RETAIL DEVELOPMENTS
Population
85,055
1
Age structure 15 – 65 years
70%
Unemployment rate %
6.1%
Average net salary (€)
283
Name
Address
Galleria Mall
2 Plaiesului St.
2
Winmarkt
3 Decebal Blvd.
Major tenants: Billa, Leonardo, House of Art
Source: DTZ Echinox
No. of shopping centers in operation
Total modern retail space (sq. m)
2
215
Prime shopping rents**
15 €
No. of big boxes
4
Big box retailers
Kaufland, Praktiker,
Dedeman, Arabesque
*Headline rent level achieved in dominant shopping centres for units of approximately 100 sq m
Source: DTZ Echinox
PIATRA NEAMT
18,300
Total modern retail stock density (sq. m)
(per 1,000 inhabitants)
12,500
Parking
Year of opening
Owner
40
600
2009
GTC
20
50
2014
Refurbishment
IGD
Major tenants: Penny, C&A, Deichmann, New Yorker, CCC, Takko, Leonardo, Noriel
Source: National Institute of Statistic
RETAIL SPACE & MARKET CONDITIONS 2013
GLA sq. m Shop units
1
2
5,800
SUCEAVA
SUCEAVA
MODERN RETAIL DEVELOPMENTS
MAJOR INDICATORS 2013
Population
92,121
1
Age structure 15 – 65 years
74%
Unemployment rate %
6.3%
Average net salary (€)
289
Name
Address
Iulius Mall
22 Unirii Avenue
2
Shopping City Suceava
27B Unirii Avenue
86 Humorului St.,
Scheia village
Major tenants: Real, JYSK
Source: DTZ Echinox
1
No. of retail parks
1
No. of commercial galleries
1
Total modern retail space (sq. m)
108,900
Total modern retail stock density (sq. m)
(per 1,000 inhabitants)
1,182
Prime shopping rents*
15 €
No. of big boxes
10
Big box retailers
Metro, Carrefour, Auchan,
Selgros, Kaufland, Real,
Bricostore, Dedeman, BauMax,
Mobexpert
*Headline rent level achieved in dominant shopping centres for units of approximately 100 sq m
Source: DTZ Echinox
Year of opening
Owner
150
1,300
2008
Iulius Group
46,000
120
1,500
2008
ARGO Real
Estate
1,000
2008
Real
Major tenants: Carrefour, BauMax, Mobexpert, Media Galaxy, New Yorker, Decathlon, Deichmann
3 Real Commercial Gallery
No. of shopping centers in operation
50,000
Parking
Major tenants: Auchan, Bricostore, C&A, Deichmann, H&M, Intersport, Kenvelo
Source: National Institute of Statistic
RETAIL SPACE & MARKET CONDITIONS 2013
GLA sq. m Shop units
SUCEAVA
1
2
13,000
20
BOTOSANI
BOTOSANI
MODERN RETAIL DEVELOPMENTS
MAJOR INDICATORS 2013
Population
Name
106,847
Age structure 15 – 65 years
75%
Unemployment rate %
5.2%
Average net salary (€)
283
1 Botosani Shopping Center
Address
2 Mihai Eminescu
Blvd.
GLA sq. m Shop units
Parking
Year of opening
Owner
2011
BelRom
22,000
38
600
15,500
100
270
2013
Uvertura
City Mall
11,500
10
600
2010
Oasis
Development
Major tenants: Carrefour, Leonardo, New Yorker, Domo
2
Uvertura City Mall
Nationala Avenue
Major tenants: Carrefour Express, Cinegrand, H&M, CCC, Kenvelo
Source: National Institute of Statistic
3
Family Center
4 Mihai Eminescu
Blvd.
Major tenants: Kaufland, Altex, C&A, Deichmann, Flanco, Takko
Source: DTZ Echinox
RETAIL SPACE & MARKET CONDITIONS 2013
No. of shopping centers in operation
2
No. of commercial galleries
1
Total modern retail space (sq. m)
49,000
Total modern retail stock density (sq. m)
(per 1,000 inhabitants)
459
Prime shopping rents*
12 €
No. of big boxes
4
Big box retailers
Carrefour, Kaufland, Dedeman,
Praktiker
*Headline rent level achieved in dominant shopping centres for units of approximately 100 sq m
Source: DTZ Echinox
BOTOSANI
1
2
IASI
IASI
MODERN RETAIL DEVELOPMENTS
MAJOR INDICATORS 2013
Population
290,422
1
Age structure 15 – 65 years
75%
Unemployment rate %
5.3%
Average net salary (€)
350
Name
Address
GLA sq. m Shop units
Palas
7A Palas St.
Parking
Year of opening
Owner
54,000
167
2,500
2012
Iulius Group
39,500
62
2,500
2008
ARGO Real
Estate
91
900
2007
CBRE
Investors
100
1,000
2000
Iulius Group
Major tenants: Auchan, Inditex, H&M, C&A, Hervis Sports
2
Era Shopping Park
121 Pacurari Road
Major tenants: Carrefour, Praktiker, Altex, Decathlon, Mobexpert, Leonardo
3
Source: National Institute of Statistic
Felicia Shopping Gallery
36 Bucium St.
28,500
Major tenants: Carrefour, Media Galaxy, CCC, Marks & Spencer, Takko, Deichmann, Leonardo
4
RETAIL SPACE & MARKET CONDITIONS 2013
No. of shopping centers in operation
2
No. of retail parks
1
No. of commercial galleries
1
Total modern retail space (sq. m)
2 Tudor Vladimirescu
Blvd.
502
Prime shopping rents*
35 €
No. of big boxes
16
Big box retailers
Metro, Carrefour (2), Auchan,
Selgros, Kaufland (3), Praktiker
(2), Mr. Bricolage, Dedeman (2),
BauMax, Mobexpert, Arabesque
*Headline rent level achieved in dominant shopping centres for units of approximately 100 sq m
23,700
Major tenants: Carrefour Market, Inditex, CCC, Kenvelo, Altex, Cinema City
Source: DTZ Echinox
1
2
3
4
145,700
Total modern retail stock density (sq. m)
(per 1,000 inhabitants)
Source: DTZ Echinox
IASI
Iulius Mall
VASLUI
VASLUI
MODERN RETAIL DEVELOPMENTS
MAJOR INDICATORS 2013
Population
Name
55,407
1 Proxima Shopping Center
Age structure 15 – 65 years
75%
Unemployment rate %
10.5%
Average net salary (€)
287
Address
22 Stefan cel Mare
2
Silver Mall
275 A Stefan cel Mare
Source: DTZ Echinox
Source: National Institute of Statistic
No. of shopping centers in operation
Total modern retail space (sq m)
2
316
Prime shopping rents*
12 €
No. of big boxes
2
Big box retailers
Kaufland, Dedeman
*Headline rent level achieved in dominant shopping centres for units of approximately 100 sq m
Source: DTZ Echinox
VASLUI
17,600
Total modern retail stock density (sq m)
(per 1,000 inhabitants)
Parking
Year of opening
Owner
10,800
50
450
2007
Proxima
Center
6,800
30
250
2008
Silver Mall
Major tenants: Altex, Tekzen, Leonardo, Deichmann, Takko
Major tenants: Silver Market, Domo, Staer, Euro Cinema
RETAIL SPACE & MARKET CONDITIONS 2013
GLA sq. m Shop units
1
2
MODERN RETAIL STOCK
SOUTH - EAST REGION
MODERN RETAIL STOCK
SOUTH - EAST REGION
Shopping Centers
No. of cities with existing modern retail spaces
Retail Parks
Commercial Galleries
5
TOTAL
908,415
City
Total no. of
SC
Total GLA
(sq. m)
Total no. of
Retail Parks
Total GLA
(sq. m)
Total no. of
Commercial
Galleries
Total GLA
(sq. m)
S-E
Age structure 15 – 65 years
73%
Buzau
2
33,000
0
0
1
13,300
46,300
Average net salary (€)
319
Focsani
0
0
1
47,600
0
0
47,600
367,050
Galati
2
35,200
0
0
1
15,300
50,500
404
Braila
2
65,750
0
0
0
0
65,750
Constanta
3
98,800
0
0
3
58,100
156,900
Total
8
174,250
2
106,100
5
87,700
367,050
Total population
Total modern retail space (sq. m)
Total modern retail stock density (sq m)
(per 1,000 inhabitants)
Source: National Institute of Statistic
Source: DTZ Echinox
SOUTH - EAST
Source: DTZ Echinox
50,500 sq. m
47,600 sq. m
65,750 sq. m
46,300 sq. m
156,900 sq. m
BUZAU
BUZAU
MODERN RETAIL DEVELOPMENTS
MAJOR INDICATORS 2013
Population
115,494
1
Age structure 15 – 65 years
73%
Name
Address
Aurora Shopping Mall
232 Unirii Blvd.
GLA sq. m Shop units
Parking
Year of opening
Owner
18,000
60
470
2008
Cometex
15,000
45
1,000
2008
GTC
13,300
20
1,000
2008
Intercora
Major tenants: Carrefour, New Yorker, Intersport, Takko, Deichmann, C&A
Unemployment rate %
7.8%
Average net salary (€)
312
2
Galleria Mall
301 A Unirii Blvd.
Major tenants: Eponge, Leonardo, Fox, Adidas, Flanco, Casa Rusu
3
Source: National Institute of Statistic
Family Center
15 Frasinet St.
Major tenants: Kaufland, DM, Flanco
Source: DTZ Echinox
RETAIL SPACE & MARKET CONDITIONS 2013
No. of shopping centers in operation
2
No. of commercial galleries
1
Total modern retail space (sq m)
46,300
Total modern retail stock density (sq m)
(per 1,000 inhabitants)
401
Prime shopping rents*
15 €
No. of big boxes
3
Big box retailers
Carrefour, Kaufland, Dedeman
*Headline rent level achieved in dominant shopping centres for units of approximately 100 sq m
Source: DTZ Echinox
BUZAU
1
2
FOCSANI
FOCSANI
MODERN RETAIL DEVELOPMENTS
MAJOR INDICATORS 2013
Population
79,315
Age structure 15 – 65 years
1
76%
Name
Address
European Retail Park
Moldovei Avenue,
DN2/E85
Major tenants: Carrefour, Bricostore, Media Galaxy, Staer, Cinema City
Unemployment rate %
5.76%
Average net salary (€)
285
Source: DTZ Echinox
Source: National Institute of Statistic
RETAIL SPACE & MARKET CONDITIONS 2013
No. of retail parks
Total modern retail space (sq m)
1
47,600
Total modern retail stock density (sq m)
(per 1,000 inhabitants)
600
Prime shopping rents*
16 €
1
No. of big boxes
5
Big box retailers
Carrefour, Kaufland, Dedeman,
Bricostore, Praktiker
*Headline rent level achieved in dominant shopping centres for units of approximately 100 sq m
Source: DTZ Echinox
FOCSANI
1
GLA sq. m Shop units
47,600
60
Parking
Year of opening
Owner
1,250
2008
BelRom
GALATI
GALATI
MAJOR INDICATORS 2013
MODERN RETAIL DEVELOPMENTS
Population
249,432
Age structure 15 – 65 years
74%
Unemployment rate %
8.5%
Average net salary (€)
340
1
Name
Address
Galati Shopping City
251 George Cosbus
Blvd.
GLA sq. m Shop units
28,000
70
Parking
Year of opening
Owner
1,400
2013
NEPI
Major tenants: Carrefour, H&M, C&A, Deichmann, New Yorker, Altex, Intersport, Leonardo, Reserved, Domo, CCC
2
Auchan
Commercial Gallery*
3A Galati Blvd.
15,300
20
1,000
2007
Immochan
24 Domneasca St.
7,200
19
50
2013 Refurbished
IGD
Major tenants: Auchan, JYSK, Deichmann, C&A
Source: National Institute of Statistic
3
Winmarkt
Major tenants: Billa, H&M, Domo, Café Cinema
RETAIL SPACE & MARKET CONDITIONS 2013
No. of shopping centers in operation
2
No. of commercial galleries
1
Total modern retail space (sq m)
50,500
Total modern retail stock density (sq m)
(per 1,000 inhabitants)
202
Prime shopping rents*
20 €
No. of big boxes
9
Big box retailers
Carrefour, Kaufland (2), Auchan,
Metro, Selgros, Praktiker,
Dedeman, Arabesque
*Headline rent level achieved in dominant shopping centres for units of approximately 100 sq m
Source: DTZ Echinox
GALATI
*Former Real Commercial Gallery
Source: DTZ Echinox
1
2
3
BRAILA
BRAILA
MODERN RETAIL DEVELOPMENTS
MAJOR INDICATORS 2013
Population
180,302
1
Age structure 15 – 65 years
71%
Unemployment rate %
6.5%
Average net salary (€)
297
Name
Address
Braila Mall
DN21, Varsatura
village
GLA sq. m Shop units
58,500
100
Parking
Year of opening
Owner
1,400
2008/2011
NEPI
50
2014 Refurbished
IGD
Major tenants: Carrefour, Cinema City, H&M, C&A, Altex, Bricostore, Flanco, Hervis, New Yorker
2
Source: DTZ Echinox
RETAIL SPACE & MARKET CONDITIONS 2013
Total modern retail space (sq m)
2
BRAILA
65,750
Total modern retail stock density (sq m)
(per 1,000 inhabitants)
365
Prime shopping rents*
18 €
1
No. of big boxes
7
Big box retailers
Carrefour, Kaufland, Metro,
Selgros, Praktiker, Dedeman,
Bricostore
*Headline rent level achieved in dominant shopping centres for units of approximately 100 sq m
Source: DTZ Echinox
90 Mihai Eminescu St.
Major tenants: Carrefour Market, Domo, Leonardo
Source: National Institute of Statistic
No. of shopping centers in operation
Winmarkt
2
7,250
10
CONSTANTA
CONSTANTA
MAJOR INDICATORS 2013
MODERN RETAIL DEVELOPMENTS
Population
283,872
Age structure 15 – 65 years
72%
Unemployment rate %
3%
Average net salary (€)
1
Name
Maritimo
Shopping Center
Address
220 Aurel Vlaicu
Blvd.
GLA sq. m
Shop units
Parking
Year of opening
Owner
50,000
100
2,200
2011
Immofinanz
Major tenants: Auchan, Peek & Cloppenburg, Inditex, H&M, New Yorker, C&A, Cinema City
2
359
City Park Mall
116 C Al.
Lapusneanu Blvd.
30,000
120
1,200
2008
391 Tomis Blvd.
30,000
80
1,500
2006
Carrefour
Willbrook
NEPI
Major tenants: Cora, Inditex, LC Waikiki
Source: National Institute of Statistic
3
Tom
Major tenants: Carrefour, Intersport, JYSK, Eponge, Decathlon, Bricostore, Flanco, Media Galaxy, Leonardo
4
RETAIL SPACE & MARKET CONDITIONS 2013
No. of shopping centers in operation
3
No. of commercial galleries
3
Total modern retail space (sq. m)
156,900
Total modern retail stock density (sq. m)
(per 1,000 inhabitants)
553
Prime shopping rents*
35 €
No. of big boxes
18
Big box retailers
Cora (2), Carrefour, Kaufland,
Auchan (2), Selgros (2), Real,
Metro (2), Praktiker, Dedeman
(2), Bricostore, Arabesque,
BauMax, Mobexpert
*Headline rent level achieved in dominant shopping centres for units of approximately 100 sq m
Source: DTZ Echinox
CONSTANTA
Tomis Mall
36 Stefan cel Mare St.
18,800
60
100
2003
17,100
50
450
2013
Major tenants: Cityplex, Mega Image, Altex, Stefanell
5
Cora
Commercial Gallery
Cumpenei St.
Major tenants: Cora, Takko, CCC, Altex, Casa Rusu
Source: DTZ Echinox
1
2
4
Cora
MODERN RETAIL STOCK
SOUTH REGION
MODERN RETAIL STOCK
SOUTH REGION
Shopping Centers
No. of cities with existing modern retail spaces
Total population
Retail Parks
Commercial Galleries
2
365,328
TOTAL
City
Total no. of
SC
Total GLA
(sq. m)
Total no. of
Retail Parks
Total GLA
(sq. m)
Total no. of
Commercial
Galleries
Total GLA
(sq. m)
S
Pitesti
3
98,000
0
0
1
18,200
116,200
Age structure 15 – 65 years
73%
Average net salary (€)
386
Ploiesti
3
107,350
0
0
0
0
107,350
223,550
Total
6
205,350
0
0
1
18,200
223,550
Total modern retail space (sq. m)
Total modern retail stock density (sq m)
(per 1,000 inhabitants)
612
Source: DTZ Echinox
Source: National Institute of Statistic
Source: DTZ Echinox
SOUTH
107,350 sq. m
116,200 sq. m
PITESTI
PITESTI
MODERN RETAIL DEVELOPMENTS
MAJOR INDICATORS 2013
Population
Name
155,383
Age structure 15 – 65 years
75%
Unemployment rate %
5.6%
Average net salary (€)
391
1
Jupiter City
Address
DN65B, km 6+0.78
GLA sq. m
Shop units
Parking
Year of opening
Owner
44,400
60
1,700
2008/2011
Jupiter Group
NEPI
Major tenants: Carrefour, Praktiker, Media Galaxy, Mobexpert, Decathlon, Intersport, New Yorker, Inditex, H&M
2
Iris Shopping Center
Geamana Village
33,000
77
1,385
2007/2008
20,500
100
700
2007
Immofinanz
20
1,000
2008
Immochan
Major tenants: Auchan, Bricostore, Domo
3
Source: National Institute of Statistic
Euromall
36 Bucuresti Avenue
Major tenants: Penny, C&A, New Yorker, Leonardo, H&M, Deichmann, Cinema City
4
RETAIL SPACE & MARKET CONDITIONS 2013
No. of shopping centers in operation
3
No. of commercial galleries
1
Total modern retail space (sq. m)
1 C-tin Dobrogeanu
Gherea St.
18,200
Major tenants: Metro Punct, Altex, JYSK, DM
*Former Real Commercial Gallery
Source: DTZ Echinox
116,200
Total modern retail stock density (sq. m)
(per 1,000 inhabitants)
748
Prime shopping rents*
25 €
No. of big boxes
14
Big box retailers
Metro, Auchan (2), Carrefour,
Kaufland (2), Auchan (2),
Praktiker, Dedeman, Bricostore,
Arabesque, BauMax, Mobexpert
*Headline rent level achieved in dominant shopping centres for units of approximately 100 sq m
Source: DTZ Echinox
PITESTI
Auchan
Commercial Gallery*
1
2
3
PLOIESTI
PLOIESTI
MODERN RETAIL DEVELOPMENTS
MAJOR INDICATORS 2013
Population
209,945
Age structure 15 – 65 years
71%
Unemployment rate %
5.8%
Average net salary (€)
381
1
Name
Address
GLA sq. m
Shop units
Parking
Year of opening
Owner
Ploiesti Shopping City
DN1B, km. 6
55,000
100
2,200
2012
NEPI/Carrefour
AFI Group
Major tenants: Carrefour, Inditex, H&M, Deichmann, CCC, Leonardo, Intersport, Noriel, Cinema City
2
AFI Palace Ploiesti
2 Calomfirescu St.
35,000
77
1,385
2013
17,350
37
400
2006
Major tenants: Cora, Flanco, H&M, DM, Intersport, Cinema City
3
Source: National Institute of Statistic
Winmarkt
17-25 Republicii
Blvd.
Major tenants: Carrefour Market, DM, Domo, Flanco, Kenvelo, Adidas, Club Cinema
Source: DTZ Echinox
RETAIL SPACE & MARKET CONDITIONS 2013
No. of shopping centers in operation
Total modern retail space (sq. m)
3
107,350
Total modern retail stock density (sq. m)
(per 1,000 inhabitants)
511
Prime shopping rents*
25 €
No. of big boxes
Retailers
13
Metro, Selgros, Carrefour,
Kaufland (2), Auchan, Cora,
Praktiker, Dedeman, Bricostore,
Arabesque, BauMax, Obi
*Headline rent level achieved in dominant shopping centres for units of approximately 100 sq m
Source: DTZ Echinox
PLOIESTI
1
2
3
IGD
MODERN RETAIL STOCK
SOUTH - WEST REGION
MODERN RETAIL STOCK
SOUTH - WEST REGION
No. of cities with existing modern retail spaces
Total population
543,403
Age structure 15 – 65 years
76%
Average net salary (€)
333
Total modern retail space (sq. m)
Total modern retail stock density (sq m)
(per 1,000 inhabitants)
Shopping Centers
4
Source: National Institute of Statistic
Source: DTZ Echinox
SOUTH - WEST
Commercial Galleries
TOTAL
City
Total
no. of
SC
Total GLA
(sq. m)
Total no. of
Retail Parks
Total GLA
(sq. m)
Total no. of
Commercial
Galleries
Total GLA
(sq. m)
S-W
Drobeta Turnu Severin
1
16,500
0
0
0
0
16,500
Targu Jiu
1
27,000
U/C*
0
0
0
0
27,000*
Ramnicu Valcea
2
20,100
0
0
0
0
20,100
Craiova
1
55,000
0
0
0
0
55,000
Total
4
91,600
0
0
0
0
91,600
91,600
169
Retail Parks
*To be included in the stock upon delivery in Q4 2014
Source: DTZ Echinox
27,000 sq. m U/C
16,500 sq. m
20,100 sq. m
Targu Jiu
55,000 sq. m
DROBETA TURNU SEVERIN
DROBETA TURNU SEVERIN
MODERN RETAIL DEVELOPMENTS
MAJOR INDICATORS 2013
Population
92,617
Age structure 15 – 65 years
1
76%
Name
Address
GLA sq. m
Shop units
Parking
Year of opening
Owner
Severin
Shopping Center
78 Mihai Viteazu St.
24,000
120
1,100
2010
NEPI
Major tenants: Carrefour, New Yorker, Deichmann, Bricostore
Unemployment rate %
10.6%
Average net salary (€)
311
Source: DTZ Echinox
Source: National Institute of Statistic
RETAIL SPACE & MARKET CONDITIONS 2013
No. of shopping centers in operation
Total modern retail space (sq m)
1
16,500
Total modern retail stock density (sq m)
(per 1,000 inhabitants)
178
Prime shopping rents*
15 €
No. of big boxes
4
Big box retailers
Carrefour, Cora, Dedeman,
Bricostore
*Headline rent level achieved in dominant shopping centres for units of approximately 100 sq m
Source: DTZ Echinox
DROBETA
TURNU SEVERIN
1
1
TARGU JIU
TARGU JIU
MODERN RETAIL DEVELOPMENTS
MAJOR INDICATORS 2013
Population
82,504
Age structure 15 – 65 years
1
76%
Name
Address
GLA sq. m
Shopping City Tg. Jiu
Termocentralei St.
27,000
Shop units
Parking
Year of opening
Owner
1,100
2014
NEPI
Major tenants: Carrefour
Unemployment rate %
8.26%
Average net salary (€)
360
Source: DTZ Echinox
Source: National Institute of Statistic
RETAIL SPACE & MARKET CONDITIONS 2013
No. of shopping centers under
construction
Future modern retail space (sq m)
1
27,000
Future modern retail stock density (sq m)
(per 1,000 inhabitants)
327
Prime shopping rents*
14 €
No. of big boxes
1
Big box retailers
Kaufland
*Headline rent level achieved in dominant shopping centres for units of approximately 100 sq m
Source: DTZ Echinox
TARGU JIU
1
1
1
RAMNICU VALCEA
RAMNICU VALCEA
MODERN RETAIL DEVELOPMENTS
MAJOR INDICATORS 2013
Population
98,776
Age structure 15 – 65 years
75%
Unemployment rate %
5.7%
Average net salary (€)
324
1
Name
Address
GLA sq. m
Shop units
Parking
Year of opening
Owner
River Plaza Mall
27 Traian Avenue
12,400
40
203
2006
Sonae Sierra
7,700
12
100
Refurbished
2013
IGD
Major tenants: Billa, Takko, Line Cinema, Kenvelo, Leonardo
2
Source: DTZ Echinox
RETAIL SPACE & MARKET CONDITIONS 2013
Total modern retail space (sq m)
2
20,100
Total modern retail stock density (sq m)
(per 1,000 inhabitants)
204
Prime shopping rents*
15 €
No. of big boxes
4
Big box retailers
Kaufland (2), Dedeman, Ambient
*Headline rent level achieved in dominant shopping centres for units of approximately 100 sq m
Source: DTZ Echinox
127 Traian Avenue
Major tenants: Carrefour Market, Domo, DM, Fox
Source: National Institute of Statistic
No. of shopping centers in operation
Winmarkt
RAMNICU
VALCEA
1
2
CRAIOVA
CRAIOVA
MODERN RETAIL DEVELOPMENTS
MAJOR INDICATORS 2013
Population
269,506
Age structure 15 – 65 years
75%
Unemployment rate %
7.4%
Average net salary (€)
336
1
Name
Address
GLA sq. m
Shop units
Parking
Year of opening
Owner
Electroputere Parc
80 Bucuresti Avenue
55,000
120
1,900
2011
K& S Electric
Power Point
Major tenants: Auchan, Inditex, C&A, New Yorker, LC Waikiki, Elvila, Altex, Decathlon.
Source: DTZ Echinox
Source: National Institute of Statistic
RETAIL SPACE & MARKET CONDITIONS 2013
No. of shopping centers in operation
Total modern retail space (sq. m)
1
55,000
Total modern retail stock density (sq. m)
(per 1,000 inhabitants)
204
Prime shopping rents*
30 €
No. of big boxes
10
Big box retailers
Metro, Selgros, Auchan (2),
Kaufland (2), Dedeman, BauMax,
Arabesque, Praktiker
*Headline rent level achieved in dominant shopping centres for units of approximately 100 sq m
Source: DTZ Echinox
CRAIOVA
1
1
ROMANIA REGIONAL CITIES
MODERN RETAIL STOCK BY REGION
ROMANIA REGIONAL CITIES
RETAIL STOCK 2014
LEGEND:
1st
Shopping Center
outside Bucharest
Iulius Mall Iasi
Delivered in 2000
North - East
?
Largest retail park outside
Bucharest
Sibiu Shopping City
With 84,600 sq. m GLA
Central
?
Largest Shopping Center
outside Bucharest
Iulius Mall Timisoara
With 66,500 sq. m GLA
Western
Suceava
With 1,082 sq. m
North - East
?
The city with the highest
density of retail spaces
(sq m) / 1,000 inhabitants
?
?
?
?
?
Cities with Shopping
Centers under
construction
Targu Jiu, Brasov
The city with the largest
retail stock outside
Bucharest
Constanta
With 156,900 sq. m
The region with the
largest retail stock
outside Bucharest
North – East region
With 421,800 sq. m
Cities with more than two
Shopping Centers
Cluj Napoca, Constanta
Pitesti, Ploiesti
Source: DTZ Echinox
Botosani
Satu Mare Baia Mare
Suceava
Iasi
Piatra Neamt
Oradea
Cluj Napoca
CONCLUSIONS
Bacau
Alba Iulia
Timisoara
Deva
Sibiu
Targu Jiu Rm. Valcea
Pitesti
Drobeta Turnu Severin
North – West /
South – East /South
W
226,300 sq. m
CENTRAL
213,200 sq. m
N-E
421,800 sq. m
S-E
367,050 sq. m
S
223,550 sq. m
S-W
91,600 sq. m
B - Ilfov
875,000 sq. m
Arad
Brasov
Focsani
South - East
North – East
357,300 sq. m
Vaslui
Tg. Mures
South – West /
Central
N-W
Craiova
Source: DTZ Echinox
Modern retail stock by region May 2014
Buzau
Galati
Braila
Ploiesti
Bucharest
Constanta
MAJOR INDICATORS 2013
City
Region Population
RETAIL SPACE & MARKET CONDITIONS 2013
Age structure Unemployment
%
15 - 65 years
74%
3.8
73%
3.8
73%
3.8
76%
3.5
79%
1.7
72%
3.2
71%
5.9
74%
10.4
72%
4.7
73%
4.4
74%
4.8
72%
6.3
70%
6.1
74%
6.3
75%
5.2
75%
5.3
75%
10.5
73%
7.8
76%
5.7
74%
8.5
71%
6.5
72%
3
75%
3.6
71%
5.8
Average
net salary (€)
Oradea
Satu Mare
Baia Mare
Cluj Napoca
Timisoara
Arad
Deva
Alba Iulia
Targu Mures
Sibiu
Brasov
Bacau
Piatra Neamt
Suceava
Botosani
Iasi
Vaslui
Buzau
Focsani
Galati
Braila
Constanta
Pitesti
Ploiesti
Drobeta
Turnu
Severin
Targu Jiu
Ramnicu
Valcea
N-W
N-W
N-W
N-W
W
W
W
Central
Central
Central
Central
N-E
N-E
N-E
N-E
N-E
N-E
S-E
S-E
S-E
S-E
S-E
South
South
196,367
102,411
123,728
324,576
319,279
159,074
61,123
63,536
134,290
147,245
253,200
144,307
85,055
92,121
106,847
290,422
55,407
115,494
79,315
249,432
180,302
283,872
155,383
209,945
S-W
92,617
76%
10.6
311
S-W
82,504
76%
8.2
360
S-W
98,776
75%
5.7
224
Craiova
S-W
269,506
75%
7.4
336
Source: National Institute of Statistic
278
293
292
408
402
347
328
307
331
362
374
311
283
289
283
350
287
312
285
340
297
359
391
381
CONCLUSIONS
City
SC
Retail Parks
Commercial
Galleries
Oradea
Satu Mare
Baia Mare
Cluj Napoca
Timisoara
Arad
Deva
Alba Iulia
Targu Mures
Sibiu
Brasov
Bacau
Piatra Neamt
Suceava
Botosani
Iasi
Vaslui
Buzau
Focsani
Galati
Braila
Constanta
Pitesti
Ploiesti
Drobeta Turnu
Severin
Targu Jiu*
Ramnicu Valcea
Craiova
2
1
3
2
2
1
1
1
3
1
2
1
2
2
2
2
2
2
3
3
3
1
1
1
1
1
1
-
1
1
1
2
2
1
1
1
1
1
1
1
1
1
1
3
1
-
151,900
14,200
41,700
149,500
106,500
78,100
41,700
14,000
71,000
84,600
43,600
82,300
18,300
108,900
49,000
145,700
17,600
46,300
47,600
50,500
65,750
156,900
116,200
107,350
1
-
-
1
2
1
-
-
*Currently one SC under construction, with delivery 2014
Source: DTZ Echinox
Modern retail space Retail density (sq m)/ 1,000
(sq m)
inhabitants
Prime SC
rents (€)
Big boxes
774
139
337
461
334
491
682
936
529
575
172
570
215
1,182
459
502
316
401
600
202
365
553
748
511
25
15
35
35
17
13
13
18
20
25
18
15
15
12
35
12
15
16
20
18
35
25
25
11
3
9
14
14
9
5
3
10
9
8
9
4
10
4
16
2
3
5
9
7
18
14
13
16,500
178
15
4
27,000
20,100
55,000
327
204
204
14
15
30
1
4
10
DEFINITIONS
COMMERCIAL GALLERY – A modern retail scheme with minimum 5,000 sq. m of GLA, anchored by a hypermarket with a rentable
area that exceeds the total rentable area of the retail scheme;
SHOPPING CENTER – A modern retail scheme with a commercial gallery of minimum 5,000 sq. m GLA that has a rentable area
exceeding the hypermarket / supermarket’s rentable area;
RETAIL PARK – Modern retail schemes with over 5,000 sq. m of GLA representing other than shopping center or commercial
gallery retail formats.
DISCLAIMER
This report should not be relied upon as a basis for entering into transactions without seeking specific, qualified, professional
advice. Whilst facts have been rigorously checked, DTZ Echinox can take no responsibility for any damage or loss suffered as a
result of any inadvertent inaccuracy within this report. Information contained herein should not, in whole or part, be published,
reproduced or referred to without prior approval. Any such reproduction should be credited to DTZ Echinox.
© DTZ Echinox May 2014
DTZ Echinox
General Contact
Banu Antonache Office Center,
40-44 Banul Antonache Street, 3rd Floor
Bucharest, district 1, Romania
Phone: +4021 310 3100
Facsimile: +4021 313 9010
www.dtz.com/ro / www.dtzresearch.ro
DTZ Echinox Contacts
Management
Oana Iliescu
Phone: +4021 310 3100
Email: oana.iliescu@dtz.ro
Retail agency
Razvan Sin
Phone: +4021 310 3100
Email: razvan.sin@dtz.ro
Bogdan Marcu
Phone: +4021 310 3100
Email: bogdan.marcu@dtz.ro
Research
Mihaela Galatanu
Phone: +4021 310 3100
Email: mihaela.galatanu@dtz.ro
© DTZ Echinox May 2014

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