Svensk Fastighets Tour Sweden Property Tour

Transcription

Svensk Fastighets Tour
Sweden Property Tour
September 2011
2
SWEDISH PORTFOLIO*
●
24% of total Eurocommercial portfolio
●
€633 million in value
●
Over 300 tenants
– Predominantly Scandinavian
– 25 retail chains represent 75% of gallery GLA
– Including 5 hypermarkets (4 ICAs, 1 Coop) which make up c.20% of
rent roll on leases with an average term of 10 years outstanding
Eurocommercial Portfolio Spread
France 35%
Italy 41%
Sweden 24%
* Following the acquisition of Cremona Po, Cremona
3
DEVELOPMENT OF SWEDISH PORTFOLIO
●
First acquisition in 2001 (Burlöv Center, Malmö); most recent
acquisition in 2007 (421, Göteborg)
●
5 extensions and refurbishments completed since 2006 at a cost of
c. €134 million, yielding >7%
1992
First acquisition in France:
Les Atlantes, Tours
1991
2001
First acquisition in Sweden:
Burlöv Center, Malmö
2001
1994
First acquisition in Italy:
Curno, Bergamo
2006
Swedish extension & development
programme begins
2011
4
SWEDEN RESULTS
12 months to 30 June 2011
●
Valuations up 3.5% since June 2010 and 2.1% since December 2010
●
Net initial yield 5.7%, down 10 bps since June 2010
●
Like for like rental growth of +3.0%
– 81 relettings and renewals produced a 6% average uplift in base rent
●
Indexation at least 2.75% for 2012 and 39 lease renewals to do with
expected uplift of 7%
●
Turnover growth of +2.4% - strong economic fundamentals
– Strongest like for like turnover growth in refurbished centres
(Ingelsta Shopping +8.7%, Elins Esplanad +5.7%, Burlöv Center +3.4%)
– First half of the financial year stronger than the second
– Flat last 6 months due to higher interest rates, rising energy costs and
increasing savings ratios
5
INVESTMENT MARKET
●
Ownership of good shopping centres previously diversified, now
concentrated among retail specialists
●
Current buyers mainly foreign based
– Grosvenor, ING, TMW Pramerica, Carlyle, Cordea Savills, AXA, Prupim,
Citycon, Henderson, Invesco
●
Eurocommercial values strongly underpinned by recent deals
– Tuna Park, Eskilstuna: Warburg-Henderson at a net yield <5.5%
(c. €62 million)
– Tyresö, Stockholm: ING at a net yield of 5.6% (c. €83 million)
– Unibail portfolio: Grosvenor acquired 4 properties for €268 million
6
EUROCOMMERCIAL SWEDEN
●
Asset management function
– Strategy
– Acquisitions/divestments
– Extensions/refurbishments – directing
project teams
– Leasing
– Shopping centre marketing
●
Supervision of outsourced property
administration (rent collection,
service charge management
and technical management)
7
10 PROPERTIES IN SOUTHERN SWEDEN
MORABERG
8
TOP 25 SWEDISH CITIES
1
2
3
4
5
6
7
8
9
10
11
12
13
CITY
Greater Stockholm
Greater Göteborg
Malmö
Uppsala
Linköping
Västerås
Örebro
Norrköping
Helsingborg
Jönköping
Umeå
Lund
Borås
POPULATION
1,886,000
731,000
295,000
195,000
145,000
136,000
135,000
129,000
128,500
127,000
114,000
109,000
103,000
Eurocommercial centres
Source: SCB, 2010
14
15
16
17
18
CITY
Eskilstuna
Sundsvall
Gävle
Halmstad
Södertälje
POPULATION
95,600
95,500
94,500
91,000
85,500
19
Karlstad
84,800
20
21
22
23
24
25
Växjö
Kristianstad
Kungsbacka
Luleå
Skellefteå
Karlskrona
82,300
79,000
74,100
74,000
71,700
63,500
Skövde
Laholm
51,000
23,000
9
DEMAND CHARACTERISTICS
– Significant distances between cities
– Similar employment structures
Wealth Levels
101
Bu
rlö
95
106
90
93
94
93
103
99
93
v
G
öt
eb
or
Ka g
rls
ta
Ka
d
rls
kr
on
N
a
or
rk
öp
in
g
Sk
öv
de
Sö
de
rtä
lj
Vä e
st
er
ås
Vä
xjö
ed
e
n
ex
kh
ol
m
St
hl
m
114
120
100
80
60
40
20
0
St
oc
●
Wealth homogeneity – income in Eurocommercial catchments is the same
as Swedish average (excl. Stockholm)
Secure catchments
Sw
●
Average: 95
10
SUPPLY CHARACTERISTICS
Retail densities
Broad shopping centre densities*
m2 per 1,000 inhabitants
1,200
999
Today
927
900
720
638
600
630
507
300
Sweden
Italy
France
0
Source: Eurocommercial research of its shopping centre catchments
* Broad shopping centre densities include shopping centres, retail parks, single boxes and other galleries/department stores all >5,000m2
Future
11
SUPPLY AND PLANNING
●
Established shopping centre market since the 1960s
●
Municipal planning only – no national or regional framework
●
City centre offer (mainly galleries) normally complemented by one
dedicated out of town retail zone including hypermarkets
●
Retail warehousing – established component of retail landscape
●
Ikano (IKEA) – new competitor in shopping centre development
12
CHARACTERISTICS OF SWEDISH RETAIL*
Gallery turnover/m2 (€)
7,000
225
5,000
3,390
4,000
2,000
0
Sweden
Italy
France
Sweden
Italy
France
0
OCCUPANCY COST RATIOS
7.7%
7.7%
8.2%
* Based on Eurocommercial centres
195
100
1,000
0
300
200
3,000
100
350
Sweden
200
200
490
400
5,880
6,000
300
500
7,160
Italy
390
400
Gallery rent/m2 (€)
France
Gallery shop size (m2)
13
LEASE STRUCTURE
●
Typically 3-5 years for shops, 5-10 years for anchors (e.g. H&M, Stadium,
Lindex etc.) and 15 years for hypermarkets
●
Base rent, indexed annually in January to CPI (normally 100%) plus turnover
rent provision (1.7% of Swedish income)
●
Lease renewal – market rents by negotiation
●
Entry/exit premiums scarce
●
Gross leases were commonly used in Sweden. However, Eurocommercial has
updated leases to European standard and now recovers 85% of total costs
– Typically recover 100% of service charges, except for some hypermarket shortfall
– Insurance, property administration and structural repairs are non-recoverable
14
RETAILERS
●
●
●
Scandinavian retailers dominate in all sectors
Inditex, Apple and Hollister hardly present in shopping centres
Growing German influence
Hyper/
supermarkets
Market share: 49%
421, Elins Esplanad,
Ingelsta, Mellby
Market share: 23%
Burlöv
Market share: 15%
Market share: 6%
421, Bergvik, Burlöv,
Elins Esplanad, Hälla,
Ingelsta, Samarkand
421, Bergvik, Burlöv, Elins
Esplanad, Hälla, Ingelsta,
Mellby, Samarkand
Elins Esplanad, Hälla,
Ingelsta, Kronan,
Mellby, Samarkand
Bergvik, Burlöv,
Elins Esplanad,
Ingelsta, Kronan,
Samarkand
Bergvik, Burlöv,
Ingelsta, Kronan,
Samarkand
Bergvik, Burlöv, Ingelsta,
Samarkand
Bergvik, Burlöv,
Ingelsta, Kronan,
Samarkand
Bergvik, Elins
Esplanad, Ingelsta,
Kronan
Burlöv, Ingelsta, Kronan
421, Ingelsta, Samarkand
Bergvik, Burlöv,
Ingelsta, Samarkand
Samarkand
Samarkand
421
Major fashion
Other fashion
New German
retailers
421, Bergvik,
Burlöv, Elins
Esplanad,
Ingelsta, Hälla,
Mellby,
Samarkand
15
RETAILERS
●
●
●
Sport sector becoming increasingly overcrowded
Electrical competition intensifying
Apoteket deregulated – 5 major independent chains now present
Household
Bergvik
Burlöv, Elins Esplanad
Burlöv, Bergvik, Elins
Esplanad, Ingelsta,
Hälla, Kronan,
Moraberg,
Samarkand
421, Bergvik, Ingelsta,
Moraberg, Samarkand
Elins Esplanad,
Ingelsta, Samarkand
Burlöv, Elins
Esplanad, Ingelsta
Elins Esplanad
Bergvik,
Moraberg,
Samarkand
Sport
Electricals
421
Services –
state
monopolies
Burlöv, Samarkand
Elins Esplanad, Ingelsta,
Moraberg
16
ITINERARY
135 kms
175
km
s
s
km
17
0
0
16
km
s
17
EXTENSIONS AND REFURBISHMENTS
●
Relatively easy process to implement due to 100% ownership and control
●
Traffic and car parking main planning consideration as centres
in established retail zones
●
Minimal land acquisitions required
●
Profitable
– Total project spend since 2006 of c. €134 million
– Overall net return on cost above 7%
●
Includes cost of full refurbishment of existing centre
●
Minimal risk: 75% pre-let before start
●
Strengthens future market position and therefore growth potential
18
BURLÖV CENTER, MALMÖ
Extension and refurbishment
●
Acquired in 2001 from Wihlborgs at 7.5%
– Municipal centre, 40 years old
●
6,000m2 extension and refurbishment
in 2006
– 20 new tenants, 40 tenant relocations
– Rebranding
– Significantly improved rent/cost recovery
●
Net return on €29 million cost of over 8%
●
GLA increased by 57%
– Turnover increased by 58%
– Rent increased by 100%
19
Before 6,000m2 extension
20
After 6,000m2 extension
21
Before
22
Before
23
Entrance
Before
After
24
Coop Forum
Before
After
25
Gallery
Before
After
26
GRAND SAMARKAND, VÄXJÖ
Redevelopment
●
Acquired in 2003 from KF Göta at 7.7%
– Retail park with Coop hypermarket and 6 box
units
●
Redevelopment of vacated hypermarket in
2011 into 18,400m2 full service shopping
centre
– 65 tenants
– Second entrance and car park
– New link to ICA hypermarket (not owned)
●
Net return on €40 million cost
of around 7.5%
●
First three months of trading very encouraging
– Third highest turnover/m2 in portfolio after
Bergvik and Ingelsta Shopping
27
Before redevelopment
28
After redevelopment
29
Before
30
Before
31
Entrance
Before
After
32
Gallery
After
33
ELINS ESPLANAD, SKÖVDE
●
Acquired in 2003 from ICA at 7.3%
●
completed in 2008
– 1/3 of the new space was for ICA
●
of around 7%
– Added 15 new tenants including H&M
and Clas Ohlson
– New 15 year lease to ICA
– Added 200 underground car spaces
●
●
Stadium entering the centre in
October 2011 to replace Sportex
34
35
36
Before
37
Entrance
Before
After
38
Gallery
Before
After
39
Gallery
Before
After
40
INGELSTA SHOPPING, NORRKÖPING
●
Acquired in 2003 from ICA at 7.3%
●
completed in 2009
●
of around 7%
– Added 30 new tenants
– New 15 year lease to ICA
– Added 200 underground car spaces
●
●
El Giganten extension started in adjoining
owned retail park
– New 15 year lease
41
42
43
Before
44
Entrance
Before
After
45
Gallery
Before
After
46
Gallery
Before
After
47
Foodcourt
Before
After
48
BERGVIK, KARLSTAD
Next project?
Eurocommercial owns 10 retail properties across southern Sweden
Uppsala
Västerås
Karlstad
Bergvik
Karlstad
Hälla Shopping
Eskilstuna
Örebro
Uppsala
Västerås
Stockholm
Stockholm
Moraberg
Örebrö
Södertälje
Södertälje
Ingelsta
Shopping
Elins Esplanad
Norrköping
Norrköping
Linköping
Skövde
Skövde
Linköping
Uddevalla
Göteborg
Göteborg
421
Jönköping
Borås
Jönköping
Grand
Samarkand
Halmstad
Halmstad
Växjö
Växjö
Kalmar
Kalmar
Mellby
Center
Kronan
Karlskrona
Karlskrona
Helsingborg
Lund
Lund
Copenhagen
Burlöv Center
Malmö
Malmö
421, Göteborg
Bergvik, Karlstad
Burlöv Center, Malmö
Elins Esplanad, Skövde
Grand Samarkand, Växjö
Hälla Shopping, Västerås
Ingelsta Shopping, Norrköping
Karlskrona, Kronan
Mellby Center, Laholm
Moraberg Retail Park, Södertälje
Total GLA
(m2)
Value
(€m)
Net yield
Average gallery
rent/m2 (€)
Average gallery
turnover/m2 (€)
Occupancy
cost ratio
33,372
48,382
42,121
28,783
33,973
20,152
39,189
7,089
11,517
19,043
79.90
65.62
123.61
71.72
83.60
29.54
96.90
18.09
17.99
45.89
5.6%
5.6%
5.5%
5.7%
5.7%
6.0%
5.8%
5.8%
5.7%
5.8%
150
265
230
165
222
205
225
210
135
145
1,800
4,700
3,445
2,815
–
3,075
3,555
2,750
1,915
–
10.8%
7.5%
8.5%
7.6%
–
8.2%
7.8%
8.8%
6.8%
–
01
20
02
20
03
20
04
20
05
20
06
20
07
20
08
20
09
20
10
20
Current interest rate: 2%
€1 = SEK9
11
20
By type: Industrial machinery
(16%), Electronics and
telecommunication (14%),
Paper and paper products
(7%), Petroleum products (7%),
Iron and steel (6%)
Exports: 51% of GDP
By destination: Eurozone and
UK (50%), Rest of Europe (25%),
Asia (12%), North America (8%),
Latin America (5%)
Sources: ECB, Eurostat, OECD, Consensus Forecasts, McKinsey
4
6
8
10
Unemployment rate (%)
Main employers
Public sector (33% of
workforce), Volvo, Ericsson,
Securitas, Scania, Sandvik
Main industries
Service sector: 65% of GDP
Manufacturing, mining and
construction: 32% of GDP
Agriculture, fishing and forestry:
3% of GDP
Total population: 9,455,134
Greater Stockholm: 1,886,000
Greater Göteborg: 731,000
Malmö: 295,000
Uppsala: 195,000
Cities >100,000 inhabitants: 13
Cities >50,000 inhabitants: 46
26,700
30,667
30,700
19,117
18,720
17,334
0
4
8
12
16
20
%
16%
6.1%
10.8%
Household Savings Relative to
Disposable Income (2010)
0
5,000
10,000
15,000
20,000
25,000
€
Household Disposable Income
per Capita (€ PPCS, 2007)
0
7,000
14,000
21,000
28,000
France
€
Sweden
35,000
N.Italy
France
France
28,700
19,636
5.4%
77%
61%
149%
140%
82%
119%
–12
–9
–6
–3
0
%
Government Deficits
(% of nominal GDP, 2010)
0
25
50
75
100
125
%
–7%
–4.5%
40%
–0.3%
80%
Government Debt (% of GDP, 2010)
0
30
60
90
120
150
%
France
France
France
N.Italy
Italy
Italy
Italy
Italy
Sweden
Sweden
Sweden
Sweden
UK
UK
UK
UK
Sweden
Sweden
–10.3%
2011F
2012F
France
1.9% 1.7%
Italy
0.8% 0.8%
2.6%
Sweden
4.4%
2011F
2012F
France
2.0%
1.7%
Italy
2.0%
2.7%
0
2
4
6
8
10
%
9.1%
8.2%
7.7%
7.4%
2.7%
4.4%
UK
UK
2.5%
2.0%
1.3%
Sweden
3.0%
5.7%
Unemployment Rate (latest)
0
1
2
3
4
5
%
Inflation (2011F and 2012F)
0
1
2
3
4
5
%
France
UK
UK
Real GDP Annual Growth
(2011F and 2012F)
Italy
Household Debt Relative to
Disposable Income (2009)
N.Italy
GDP per Capita (€ PPS, 2008)
Sweden
Eurocommercial Properties N.V.
UK
•Celebrated 40th anniversary this year
•6,000m2 extension and refurbishment completed in June 2006
•60% of visitors come from primary catchment – Arlöv, Lomma and Staffanstorp
•Only 14% of visitors come from Malmö
•40,000 cars pass the centre daily on E6 and E22 motorways
•Major new tenants recently introduced include Esprit, Skopunkten, Cassels, Clas Ohlson
and Plantagen
To Helsingborg
and Göteborg
Total lettable area
Retail/Gallery
Hyper (Coop Forum)
ECP ownership
Parking spaces
Visitors 2010/11 (million)
Shops
*
Center
Syd
Lund
Bjärred
*
E6
Nova Lund
Lomma
Staffanstorp
Arlöv
E20
Entré
City Centre
*
Mobilia
Svagertorp/
Emporia
To
Copenhagen
( Fields)
*
*
Value (€ million)
Net yield
Passing rent (€ million)
Rental growth
Turnover growth
Occupancy cost ratio
E6
*
Malmö
Major tenants
Coop Forum, H&M, KappAhl, Lindex,
Stadium, Systembolaget, Clas Ohlson,
Plantagen, Cassels
2
E2
Burlöv
Jägersro
*
42,121m2
28,258m2
13,863m2
42,121m2
1,700
3.80
71
2
E2
E65
E6
E22
Key to map
Eurocommercial centre
Competitor centre
Primary catchment area
Total catchment area
Population
*
123.61
5.5%
7.53
230
2.40%
3,445
3.40%
8.50%
60,000
590,000
295,000
Plantagen
4,548m²
Lindex
973m²
Skopunkten
667m²
3 Media Center
65m²
Good Time
95m²
Gina
Tricot
201m²
Synoptik
139m²
Tasty House
18m²
Specsavers
118m²
Tiger
148m²
Malmströms
359m²
Apoteket
334m²
Din Sko
426m²
Camilla
358m²
Euro Sko
144m²
Only / Jack & Jones
400m²
JC
400m²
Esprit
408m²
MQ
333m²
Twilfit
154m²
Ticket
65m²
Barista
117m²
DressMan
332m²
Ur&Penn
67m²
Kalhs The&
Kaffe 30m²
Hallbergs
113m²
Espresso House
303m²
Triumph
82m²
Kicks
202m²
Glitter
67m²
Regina
100m²
Gallerix
154m²
Game
94m²
McDonald’s
367m²
Cubus
766m²
Team Sportia
1,018m²
Apoteket
Hjärtat
138m²
Systembolaget
626m²
Cassels
1,080m²
Pölsemannen Phone House
73m²
73m²
1,150m²
Grizzly
353m²
Blomsterlandet
465m²
Dimoda
164m²
Stadium
1,423m²
KappAhl
1,111m²
H&M
1,676m²
Clas Ohlson
1,043m²
Coop Forum
13,482m²
Mikas
105m²
Hobbex
197m²
Bokia
412m²
Zizzi
121m²
Vero Moda
295m²
Cervera
403m²
Hemtex
287m²
Telenor
43m²
Kund-WC
174m²
Teknikmagasinet
74m²
Joy
177m²
Frisšr
104m²
Name it
116m²
Kjell & Co
160m²
Via
Piazza
163m²
Natur
Kedjan
195m²
Kryddhyllan
165m²
Lunsbergs
väskor
156m²
Guldfynd
90m²
Wok Kitchen
Scorett BR
353m²
Leksaker
452m²
Dry Cleaner
Shoe repair 35m²
Key to map
Hypermarket
Fashion
Shoes
Health & Beauty
Gifts & Jewellery
Books & Toys
Food
Restaurants
Services
Sport
Home Goods
Telecom & Electrical
•New centre completed and opened in April 2011
•Former Coop hypermarket converted into the only external shopping centre in Växjö
•Early trading has been very encouraging – already third highest turnover/m2 in portfolio
after Bergvik and Ingelsta Shopping
*
Jönköping
E4
Borås
Total lettable area
Retail/Gallery
Retail park
Hyper (ICA Maxi)
Offices
ECP ownership
Parking spaces
Shops
A6
E22
Grand
Samarkand
Växjö
Halmstad
Ljungby
Kalmar
E20
Älmhult
*
Ikea
Karlskrona
33,973m2
18,400m2
3,614m2
10,632m2
1,327m2
23,341m2
1,800
65
Major tenants
H&M, Stadium, New Yorker, Lindex,
KappAhl, Gina Tricot, Esprit,
Deichmann, Systembolaget, Expert
Value (€ million)
Net yield
83.60
5.7%
5.00
222
Key to map
Competitor centre/retail unit
Catchment area
200,000
Population
82,300
*
Cassels
First Floor
New Yorker
Cassels
1,021m²
Cervera
500m²
Gina Tricot
389m²
New Yorker
975m²
Street One
125m²
Graffiti
213m²
Seating area
Chili Wok
233m²
Cubus
557m²
Village
150m²
Stadium
Basement
ICA Maxi
10,568m²
Total GLA: 33
Gallery GLA:
No. of shops:
Parking spac
Opened: 197
Acquired: 10Last extende
Last refurbish
Plan last upd
Hype
Fash
Shoe
Healt
Gifts
Book
Food
Resta
Servi
Sport
Car P
Toile
Entra
Telec
Shirts & Suits
48m²
Dressmann
349m²
Foot News
57m²
Bergqist Skor
399m²
Deichmann
550m²
Scorett
271m²
MBS
95m²
Akademibokhandeln
400m²
Stadium
1,852m²
Veromoda / Jack & Jones
464m²
Skåres
228m²
Subway
88m²
Bik Bok
148m²
Duffy
77m²
Rut m fl
78m²
Aima
90m²
Lindex Kid / Lindex
1,010m²
The Phone
house 60m²
MQ
508m²
Café Askelyckan
139m²
Grand Samarkand, Växjö
Expert
1,230m²
Hallbergs
66m²
Name it
124m²
Smycka
82m²
Eztrad
573m²
Skult
75m²
Hemtex
354m²
Home
Synsam
120m²
Teliasonera
85m²
Apoteket
161m²
Espresso House
180m²
Flash
139m²
Esprit
450m²
Euronail
35m²
Carling
158m²
Triumf
70m²
Ur&Penn
75m²
Gerdas
te & kaffe
56m²
Game
61m²
Glitter
62m²
T-shirt
store
41m²
JC
275m²
KappAhl
1,136m²
H&M
1,725m²
Jezz
215m²
Kicks
209m²
Mist
49m²
Apoteket Hjärtat
302m²
Tre
35m²
Synoptik
100m²
Life
51m²
Intersport
1,263m²
Systembolaget
1,121m²
Ground Floor
Pieces
78m²
Key to map
Hypermarket
Fashion
Shoes
Health & Beauty
Gifts & Jewellery
Books & Toys
Food
Restaurants
Services
Sport
Home Goods
•10,000m2 extension and refurbishment completed in 2008 –
one-third of the new space was for the ICA hypermarket
•Turnovers and visitor numbers still increasing strongly
•Stadium to open in October 2011
0
E2
Total lettable area
Retail/Gallery
Hyper (ICA Maxi)
Office
ECP ownership
Parking spaces
Shops
To Örebro
E20
Mariestad
Mariestad
Elins Esplanad
Linköping
Linkö
Elins Esplanad
Skövde
E4
Skövde
ollhättan
Falköping
Falköping
Jönköping
Jönköping A6
A6
*
Elins Esplanad
and Coop
City Centre
Major tenants
ICA Maxi, KappAhl, Lindex, Siba,
El Giganten, Clas Ohlson, H&M,
Stadium
Value (€ million)
Net yield
Rental growth
Turnover growth
To Göteborg
Stallsiken
Retail
Park
28,783m2
17,994m2
10,039m2
750m2
28,783m2
1,000
3.74
29
Key to map
Competitor centre
Catchment area
Population
*
71.72
5.7%
4.50
165
1.59%
2,815
5.70%
7.60%
190,000
51,000
Elgiganten
1,650m²
Utemarknad
KappAhl
1,037m²
Lindex
852m²
Waynes
Coffee
109m²
Stadium
991m²
BR Leksaker
398m²
Skopunkten
613m²
Siba
1,409m²
Telenor
41m²
Pagoldhs
35m²
Recycling
Clas Ohlson
1,550m²
H&M
1,381m²
John’s Kok & Cafe
219m²
Village
72m²
Gina Tricot
318m²
374m²
Gamestop
61m²
Din Sko /
Ecco
Cervera
792m²
Albrekts Guld
101m²
Blomsterlandet Kicks
1,955m²
199m²
ICA MAXI
9,565m²
Dressman
243m²
Synsam
100m²
Hemtex
396m²
Key to map
Hypermarket
Fashion
Shoes
Health & Beauty
Gifts & Jewellery
Books & Toys
Food
Restaurants
Services
Sport
Home Goods
Apoteket
Hjärtat
353m²
MQ
485m²
Cubus
749m²
Cassels
1,214m²
Basement
•9,000m2 extension and refurbishment completed in 2009
•Voted Sweden’s Shopping Centre of the Year in 2010
•Strongest turnover growth in portfolio last year in spite of new competition
•Forms major part of Norrköping’s main external retail zone (total: 150,000m2)
•Adjoining and owned retail park (El Giganten and K-rauta) being redeveloped
Katrineholm
To
Stockholm
E4
Nyköping
Ingelsta Shopping
Norrköping
Total lettable area
Retail/Gallery
Retail park
Hyper (ICA Maxi)
ECP ownership
Parking spaces
Shops
Major tenants
ICA Maxi, H&M, KappAhI, Stadium,
Lindex, Intersport, Gina Tricot,
El Giganten, K-rauta
Value (€ million)
Net yield
Rental growth
Turnover growth
Hageby
E22
Linköping
IKANO-huset
Key to map
Competitor centre
Catchment area
Population
Ingelsta
*
City Centre
Hageby
39,189m2
15,517m2
14,091m2
9,581m2
39,189m2
1,200
3.00
54
96.90
5.8%
6.04
225
3.38%
3,555
8.70%
7.80%
275,000
129,000
Skopunkten
604m²
Hemtex
405m²
Akademibokhandeln
306m²
Gallerix
150m²
Cervera
534m²
Apoteket
354m²
Delicious
kebab
67m²
Basilika
67m²
Seating area
Jack &
Jones
129m²
The Look
154m²
Ginatricot
370m²
Esprit
232m²
Vero Moda
119m²
49m²
Mist
51m²
EB Games
85m²
Sisters
166m²
Intersport
1,265m²
Kicks
194m²
Teknik
Magasinett
59m²
Brothers
152m²
ICA Maxi
9,581m²
Chili wok
67m²
Life
112m²
Seating area
62m²
Confetti
174m²
Arken Zoo
397m²
Esprit
297m²
Guldfund
93m²
Name it
148m²
Lindahls
127m²
JC
349m²
Eurosko
270m²
Mister Minit
36m²
Telenor
29m²
Klockmaster
63m²
Glitter
45m²
Carlings
90m²
36m²
Key to map
Hypermarket
Fashion
Shoes
Health & Beauty
Gifts & Jewellery
Books & Toys
Food
Restaurants
Services
Sport
Home Goods
KappAhl
1,065m²
Synoptik
111m²
Lindex
892m²
H&M
1,267m²
Cubus
840m²
Dressmann
275m²
Ecco / Din Sko
373m²
Scorett
178m²
MQ
503m²
Stadium
1,500m²

Svensk Fastighets Tour Sweden Property Tour

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