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: [email protected] Retail agency Razvan Sin Phone: +4021 310 3100 Email: [email protected] Bogdan Marcu Phone: +4021 310 3100 Email: [email protected] Research Mihaela Galatanu Phone: +4021 310 3100 Email: [email protected] © DTZ Echinox May 2014
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