5-10 - Fundacja Pro Progressio

Comments

Transcription

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