Real estate RepoRt Retail 2013
Transcription
Real estate RepoRt Retail 2013
Colliers Bräutigam & Krämer Re al Estate Report Retail Stuttgart Metropolitan Region 2013 Colliers Bräutigam & Krämer Intro Preface by the city of stuttgart Stuttgart is Germany’s capital of sustainability. This is the result of a study conducted by the German financial magazine „Wirtschaftswoche“. The 50 largest German cities were eval uated according to 56 ecological and social economic criteria. Stuttgart attained above average scores across the board and took first place. Stuttgart is also Germany’s capital of culture as determined by the Hamburg World Eco nomic Institute (HWWI). Of the 30 largest cities, the capital of Baden Württemberg has the best culture infrastructure and the highest demand for cultural events. More than six per cent of the labor force in Stuttgart is employed in cultural industries. This is unique in the 30 cities examined. These rankings confirm what we already knew: Stuttgart is a city full of innovation and ideas. Whether it be capital investment, productivity, service industries, creativity, retail sales, leisure activities or city building development, Stuttgart is one of the most active and attractive cities in Europe. At the same time, it is one of the cities where investments pay off long term. The economic strength of the city is backed by successful businesses. It is the owners of these businesses who, with their enthusiasm and clever ideas, create an environment where people are happy to shop, work and live. Business commitment to this location is of elementary importance. A core responsibility of the city of Stuttgart Economic Development is, therefore, to try to influence city policy such that the changing economic and social needs of the city’s residents are met with adequate city building development solutions such as consolidation and revitalization of dormant land. The main goal of city economic development is the promotion of a dynamic economy. “Con struction” is always a sign of innovation, change and development. It also stands for vitality and progress. Investments can be seen as important indicators of a healthy, intact economy. The city of Stuttgart lays the groundwork for this vitality with its investments in infra structure, education and a child-friendly environment. The large number of current building projects will give Stuttgart a new face and will pave the way for the city’s future. If a city is attractive economically, investors can easily find tenants. Stuttgart also has a good economic productive capacity. Three areas of growth in city building and economic development will allow Stuttgart to compete internationally: sustainable technology, quality of life and preparation for the future. Sustainable construction, mobility, creative economics, tourism and retail are essential in order to continue to strengthen the city’s position. Stuttgart as a whole has been well known for many years as a place for consistently dependable and secure investments. The city is determined to maintain this status in the future. We would like to thank the retail experts at Colliers Bräutigam & Krämer who, by actively practicing „public partnership“, made the new edition of this publication possible. Ines Aufrecht Director of Economic Development, City of Stuttgart 3 Colliers Bräutigam & Krämer Intro Our Services editorial K önigstrasse, Schulstrasse, Calwer Strasse, Stiftstrasse – prime locations in downtown Stuttgart are as rare as they are popular. But the capital of Baden-Württemberg has other exciting alternatives. City district developments aimed at extending the pedestrian zone have enabled secondary locations to escape from their niche existence and to become connected with the best shopping addresses. These projects include: Postquartier, Kronprinzbau, Bülow-Carré and the largest mixed use property – GERBER. We were for tunate to be a part of the success of these projects through building site consolidation, tenant mix selection and lease execution. We appreciate the trust our clients place in us and we are happy to serve both national and international clients in the search for a location in the Stuttgart area. This development is the reason that Stuttgart is now mentioned in the same breath with cities like Berlin, Hamburg and Munich when international retail chains are looking to get their foot in the door in Germany. The polycentric German market with its metropolitan areas still offers excellent earnings opportunities for retailers. Project Development consulting Retail Letting • • • • • • • • • • • • • • Retail relevant functional planning Content definition (anchor tenants, tenant mix, brands etc.) Creation of a perfect marketing strategy Concept implementation through the acquisition of tenants Full occupancy on a timely basis Interface definition Transaction consulting and investment placement The globally connected firm Colliers Bräutigam & Krämer has been involved with the development of retail locations since 1996 and has been publishing current developments in our retail market report ever since. Our team has grown with the demands of the market. Retail has gone global. This caused us to adapt our retail real estate report to current mar ket conditions. This report is a resource for both easily accessible information and also for answering in-depth questions. You will see: this year too our name stands for visions and the sustainability of our ideas. Location qualification Rent comparison Expansion support for chains Selection of local and chain retail concepts Local insider knowledge as a result of long-term market presence International market access through the global Colliers network Lease contract consulting We look forward to meeting you! Sincerely, Michael Bräutigam Investment Retail Consulting • Acquisition and sales consulting for retail, office and special real estate as well as residential and commercial buildings • Brokerage of real estate portfolios across Germany • Structuring and managing the sales process • Precise execution • Sale and leaseback transactions • Analysis of potential for value appreciation • Valuation according to German and international standards • • • • • • • Analysis of new construction projects and existing properties Consideration of the specific requirements of a project as a whole Planning, visualization and execution of restructuring processes Acquisition and negotiation during initial and subsequent letting process Interdisciplinary teams for complex tasks Center letting Rent and sales valuation reports Colliers Bräutigam & Krämer management: (left to right) Michael Bräutigam, Martin Klöble, Frank Leukhardt und Volker T. Krämer Martin Klöble Frank Leukhardt Volker T. Krämer 5 6 Real Estate Report Retail The Movers Colliers Bräutigam & Krämer The Movers Table of contents 03 26 52 74 introduction Top Locations Project Development and Letting Colliers Baden-Württemberg Preface by the City of Stuttgart 3 Our Services 4 Editorial5 08 The Movers Competence Meets Motivation 9 The GERBER 10 City, Commerce, Colliers 15 An Interview with the Colliers Bräutigam & Krämer Team 18 Leaders and Alternatives 27 Königstrasse28 Stiftstrasse, Kirchstrasse, Sporerstrasse, Marktplatz 30 Calwer Strasse, Kienestrasse, Kronprinzstrasse, Büchsenstrasse 32 Schulstrasse, Hirschstrasse, Eberhardstrasse 34 Tübinger Strasse, Sophienstrasse, Marienstrasse 36 Bolzstrasse, Lautenschlagerstrasse, 38 Kronenstrasse 40 Retail Motor stuttgart The Opportunities of Change 40 The Art of Living Together 41 Locomotive for the Whole Region 19 An Overview of the Stuttgart Retail Market 20 An Interview with Nikolaus Koliusis 53 Colliers in the Stuttgart City Center 54 Postquartier56 Phoenixbau58 Kronprinzbau60 's Zentrum 62 Das Weiße Haus 6 3 Bülow-Carré64 Killesberghöhe 66 68 Letting City Talk An Interview with Dieter Blocher Design the Future Together 42 City Districts The Appeal of Versatility 43 Bad Cannstatt, Marktstrasse Feuerbach, Stuttgarter Strasse Sillenbuch, Kirchheimer Strasse Weilimdorf, Löwen-Markt Degerloch, Epplestrasse Vaihingen, Vaihinger Markt Zuffenhausen, Unterländer Strasse 44 46 47 48 49 50 51 Horsch Schuhe 68 7 For All Mankind 68 s.Oliver68 Le Salon Deluxe 69 Napapijri69 Dean & David 69 Bäckerei Katz 70 Rossmann70 Adidas Neo 70 Maercklin C. F. Braun 71 Bree71 Peak Performance 71 Ligne Roset 72 Constantine Jewellery 72 Friseur Stylecode 72 Conrad Electronic 73 Detlev Louis 73 H&M Woman 73 Success Unlimited 75 Hecht-Carré, Tuttlingen Am Fischbrunnen, Plochingen Das ES!, Esslingen Kocherquartier, Schwäbisch-Hall Westarkaden, Freiburg Kaiser-Joseph-Strasse 192, Freiburg Bursen-Galerie, Freiburg Quartier Unterlinden, Freiburg 76 76 77 77 78 78 79 79 80 Colliers Germany and worldwide Colliers Germany Offices 80 Colliers Worldwide Locations 81 82 Your Team At Colliers Bräutigam & Krämer Contacts82 Disclosure Notice 83 7 8 The Movers Competence meets motivation Colliers Bräutigam & Krämer is the Stuttgart region market leader in project and property development, land acquisitions, commercial letting and property investments. The roots for this success lie in our extensive knowledge of the commercial real estate market and bundled competence paired with high motivation. Investors, tenants and the city profit from this equally. The GERBER complex will increase value in Stuttgart south long term and will create a new neighborhood environment. The elementary principle: listening is the key to every successful cooperation. 10 Real Estate Report Retail The Movers The Gerber Colliers Bräutigam & Krämer The Movers The inviting north entrance on the newly designed Marien strasse exercises a strong magnetic effect on adjoining Königstrasse. tuttgart’s downtown is in motion. The GERBER is providing the south end of downtown with unprecedented momentum. It is a superlative construction project, not just in size but also because of the expectations resting on it. The GERBER will transform the district into a energetic new place due to its mixed-use concept. And it will seamlessly bridge the gap be tween Stuttgart’s south with the city center. Colliers Bräutigam & Krämer’s largest current project is the first Stuttgart district development of this size that combines retail, services, and residential use. A large mall on three floors makes up the foundation of this complex. Retail stores to be found exclusively in the GERBER in Stuttgart include: osiander‘sche Buchhandlung, Intimissimi, Calzedonia, Rituals, Vero Moda, Pieces, only, Vila, jack’n jones and eyes + more. The GERBER complex will have three entrances, which will serve as connecting elements for Stuttgart’s downtown. The main pedestrian area, Königstrasse, can be accessed directly via Marienstrasse. Cafés and restaurants as well as offices, doctors’ offices and high-quality apartments round out the utilization mix. The landmark architecture underlines the attractiveness of the structure. How do you increase the value of a city district? The answer to this question is not always the same. Globalization has created the desire for multifaceted city landscapes. In close cooperation with the city of Stuttgart, Colliers Bräutigam & Krämer united the investors’ ideas with the city planning environment, while still keeping in mind the needs of tenants and local residents. This resulted in a building concept with strong character. Project development also means: to convey, to take all parties seriously, to balance and execute in order to find a successful solution for the good of all. One constant is always the same: high expectations. One-Stop Success The status quo in Stuttgart’s south end created much room to manoeuver. The potential of this location when given direct access to Königstrasse between Marienstrasse and Tübinger Strasse was previously untapped. Colliers Bräutigam & Krämer found a district of small offices bordering Marienstrasse where many retail stores had closed. The first step was obvious: the site of the former ARA Allgemeine Rentenanstalt (general pension company) would have to be consolidated with the neighboring building sites in order for the idea of a new district development to become reality. 11 12 Real Estate Report Retail The Movers Colliers Bräutigam & Krämer Markt und Fakten The Movers Die Macher im Gespräch 13 013 1 The comfortable urban atmosphere creates an exciting shopping experience. 2 The wide corridors in the mall with almost 1,000 meters of window frontage make a light and airy atmosphere. 3 The transparent architecture enables optimal access to the 24,000 m² of retail space on 1 three levels. 2 The Colliers Bräutigam & Krämer team conducted negotiations and research studies with the other project participants. After intense discussions with the owner (Württembergischen Lebensversicherung AG), SEPA, the project developer and general contractor Phoenix Real Estate Development GmbH and center manager Koprian iQ, the whole team developed a persuasive idea: a complex with an attractive mix of living, working and shopping. The foundation for the GERBER complex was laid. Architecture Meets Urban Landscape The architect Bernd Albers recognized the desire for uniform and consistent design. The homogenous form and materials used are typical of city building architecture in Stuttgart. The cornerstone of the façade for the entire complex is the historical building at the junction of Tübinger Strasse and Sophienstrasse, that was integrated into GERBER. The character of the building is thus visible even from afar. The transparency of the glass façade underlines the connection of city and retail. The light coloring takes on the color of limestone (typical of Stuttgart’s building fronts) which stands for solidity and durability. Behind the glass, the three floors of the GERBER mall create one fluid space that is crowned by a large skylight. The open design with three entrances not only increases the attractiveness of the complex but also makes it a new hub in the city. Enhancing the value of Marienstrasse, the direct link to Königstrasse, is essential for integrating the GERBER complex into the rest of downtown. Up to now, very large trees and closely positioned city furnishings make Marienstrasse seem dark and narrow; the cobblestones are no longer up to date. The shopping experience ends at the entrance to Königstrasse. Now a pedestr ian zone will be created that connects to the light and friendly Königstrasse atmosphere, leading the shopper directly to GERBER. A City District with Potential 100,000 city residents live in the direct vicinity of the complex. This is a sixth of the population of Stuttgart. Add to that more than five million people in the metropolitan area as well as thousands of day visitors. GERBER awaits them all beginning in 2014 with 75 stores on 24,000 square meters. In addition to the retail spectrum, cafes, restaurants, specialty food stores, offices and doctors’ of fices, as well as apartments complete the picture. The GERBER complex will be a new attraction in the city center. Stuttgart will come together here. Usage: Office, retail, food service and residential Building Site: 14,000 m2 Retail Space: approx. 24,000 m2 Retail Stores: approx. 75 Retail Levels: E0, E1 and 1 ARCHITEcT: Prof. Bernd Albers General Contractor: Phoenix Real Estate Development GmbH investor: Württembergische Lebensversicherung AG Completion: 2014 3 14 Real Estate Report Retail The Movers Colliers Bräutigam & Krämer The Movers City, Commerce, Colliers An Interview with the Colliers Bräutigam & Krämer Team T hree chairs, one opinion: Patricia Karwath, Falko Streber and Philipp Nothdurft are committed to Stuttgart. Speaking for the entire retail team at Colliers Bräutigam & Krämer, they talk about real estate trends, rents, Stuttgart’s image and their passion for their work. Mrs. Karwath, you have been with Colliers Bräutigam & Krämer for 15 years. What changes have you noticed in the real estate landscape during this time? Karwath: Primarily, that customers have become more inter national. In the past, it was mainly regional companies looking for business locations, now we see an increasing number of inter national chains – in Europe these are mainly from the Netherlands, Scandinavia, Spain or Italy. Have the tenants’ needs also changed? Streber: Rents have been on the rise consistently during the past few years, requiring retailers to increase productivity. Sub sequently they have increased the demands placed on the space they rent. They no longer focus only on location but also critically judge the layout, frontage or technical equipment. Are building owners aware of these changes? Streber: Not always. Part of our job is to make them aware of things like this. A bad building in a good location is a problem today. We advise the owners for their own benefit. We give them a realistic estimate of the rents they can realize with maximum optimization. Nothdurft: We also see ourselves as closing the gaps in city devel opment. We try to make sure that new projects are sustainable and are adaptable to their surroundings. The key is to find good ideas that are economically stable and are not going to change again in two to three years. Falko Streber Picture left: Patricia Karwath Why not open the first store in Stuttgart? It doesn't always have to be Hamburg or Berlin! 15 16 Real Estate Report Retail The Movers Colliers Bräutigam & Krämer The Movers Quality of life is very high in the city of Stuttgart. The hilly landscape with the many wooded parks and vineyards! Add to that a multifaceted cultural land scape, a wide range of fantastic restaurants and of course typical Swabian charm. Philipp Nothdurft and Patricia Karwath Your goal is long-term lease contracts? Nothdurft: Short-term leases certainly provide flexibility for adjusting rents. But a good tenant with good credit and an indexed lease is usually the best option. Streber: Tenants normally prefer a shorter lease term with sever al extension options. On the other hand, there are landlords that want long-term leases without any options at all. This can make for difficult negotiations. Karwath: Our job is to help the two parties reach a common goal. And in such a way that both are happy at the end of the day. Second to consulting, this is our most important task. Advising during project development is also a big part of your job. What is the biggest challenge – brokering existing space or new space? Karwath: I would like to point out a big difference. During project development we have to estimate rents two to three years before the deal is actually closed. Streber: In this case, we need all the experience we have gathered over the years. We know which location has what value. Add to that the empirical values related to the productivity of these locat ions and segments. Then you have to find the best mix. Which criteria do you consider when estimating the value of a particular location? Nothdurft: The most important thing is the potential revenue for the retailer. There is a direct relationship between footfall and this revenue. In addition, it is important to consider whether the tenant will reach the target group his retail concept is trying to address. At the end of the day, the important question is how much revenue can the retailer make per square meter of rental space. Streber: New project developments are especially exciting for retail investment. Here you can move things around and increase value through agglomeration. (left to right): Philipp Nothdurft, Patricia Karwath and Falko Streber Take Kronzprinzbau for example. Prior to the new development in 2007, asking rents were €25 per square meter. Today we get up to €75 per square meter for similar size stores. This is an increase of 300 %. It is unbelievable what we can achieve in retail by creating locations. Does this location creation work in less prominent neighborhoods? Nothdurft: The best example for this is the Gerber neighborhood. It was a different type of neighborhood, not at all comparable with Königstrasse. With the current development, we will convert it to a prime location. Of course we have to make progress in many areas. Not just the property, the GERBER complex itself, but also the infrastructure and the atmosphere in the whole neighborhood. Several large complexes are being constructed in Stuttgart currently. Is this a trend? Nothdurft: Project developments are always dependent on whether there are gaps or building sites available. It was a co incidence that several opportunities arose at the same time. Streber: Our goal is always – like with GERBER – to fill the gap. This strengthens the locations where we can complete or expand retail offerings. There are still significant gaps in the luxury segment downtown. How does Stuttgart rank in this segment? Nothdurft: Actually not bad, but we see more potential. Especially when you consider how difficult it is for big brands to find space. For example, the jeweler Cartier had to pull out of Stuttgart because larger store space could not be found. Streber: And when I see that people still go to Munich to go shopping on Maximilianstrasse – it makes me want to cry. Is there anything else missing in Stuttgart besides luxury brands? Streber: Yes, there is room for expansion with the trendy boutiques. This is one of the bridges we are building with the GERBER complex. Yeans Halle on Tübinger Strasse is an import ant landmark. Our goal is to establish further trendy labels be tween Tübinger Strasse and Marienstrasse – like Superdry or Urban Outfitters. What do such international companies expect from the city? Karwath: There are cities that retailers go to for the prestige. Stuttgart, on the other hand, is a city where retailers can really make money. We have very high per capita income here and a lot of purchasing power. However, most international brands only have one goal at the beginning – Königstrasse – and that only between Schlossplatz and Königstrasse 42. Unfortunately, space is very limited there and the stores available are not always appropriate for each retail idea. This is especially important when you look at the target audiences. We have to explain and convince clients that this particular location maybe is not the best for them. It sounds as if foreign companies don’t know much about Stuttgart. Streber: Stuttgart appears very low key at first glance as a result of its basin topography and because the city limits are so closely drawn. One of our main tasks is to change the perception of clients from outside the area. To really make them understand what the city has to offer. Nothdurft: We prepared a report on this subject. We looked at a 50 km radius around the city. Then we compared the numbers with other German cities. And what do you know, the purchasing power in Stuttgart leaves the other cities in the dust – from Hamburg to Munich. A good argument to say: why not open the first store in Stuttgart? It doesn’t always have to be Hamburg or Berlin. What else does Stuttgart have to offer? Karwath: The city has a very high quality of life. The beautiful, hilly landscape alone. The steep slopes provide spectacular views of the city. Add to that high quality shopping, culture and great restaurants. And of course: typical Swabian charm. It is clear that you love your city. Is that a requirement for working at Colliers Bräutigam & Krämer? Karwath: The love of Stuttgart is an important element. How else could we convince others of the benefits of our location? But our team is much more. Dedication and passion for our work are at the top of the list. Streber: When we work on large project developments we sometimes negotiate for years transporting our visions. We have to be tireless, passionate and convinced of what we are doing. You have to be a fighter. That’s how we can convince others to take the plunge. And when we successfully close a deal, the feeling of satisfaction is that much more overwhelming. One final remark. Thank you for the interview. Patricia Karwath has been with Colliers Bräutigam & Krämer for over 15 years. She has a masters degree in mathematics and has been a partner since 2012. Her main focus: retail consulting Falko Streber has been with the company for more than eight years. He is director of the retail department and has been partner since 2007. Philipp Nothdurft is specialist for retail space and project development. He is a consult ant on the GERBER project. Philipp has a masters degree in engineering and has been with the company since 2007. 17 18 Retail Motor STUTTGART LOCOMOTIVE FOR THE WHOLE REGION Stuttgart is alive as seldom in history. The capital of BadenWürttemberg, one of the largest cities in Germany, has the right to be proud of its consistently low unemployment rate and except ionally high purchasing power. The City of Stuttgart owes its economic strength to both large companies such as Daimler, Porsche and Bosch as well as a wide range of healthy medium-sized comp anies. Not only national retailers but more and more international retailers recognize the potential of this market, that, due to consistent redevelopment of top locations and revitalization of city neighborhoods is still gaining momentum. 20 Real Estate Report Retail Retail Motor Stuttgart Colliers Bräutigam & Krämer Retail Motor Stuttgart An overview of the Stuttgart Retail Market Retail Relevant sales space overview Total Sales space city space city center in % space city center in m ² STUTTGART 911,000 m2 54 % 491,940 m² City population Population in the Region (50 km Radius) Düsseldorf Stuttgart Frankfurt Munich Hamburg Berlin Munich Hamburg Stuttgart Frankfurt Berlin Düsseldorf 586,217 601,646 671,927 1,330,440 1,774,224 3,442,675 Düsseldorf 954,000 m² 35 % 3,093,780 3,339,466 4,176,309 4,314,016 4,616,865 8,613,320 333,900 m² frankfurt 1,047,000 m² 24 % 251,280 m² Source: Gfk GeoMarketing GmbH, 2012 MUnich RETAIL METROPOLIS STUTTGART Stuttgart 22,357 € Per Capita Disposable Household Income With € 22,357 of disposable income per capita, Stuttgart is in fourth place among German cities – close behind Hamburg, Munich and Düsseldorf and far above the German average (€ 18,975). Stuttgart is the beating heart of a vital commercial region with over four million inhabitants. The high demand by retailers and investors for retail space in all shapes and sizes can no longer be met by the traditional top locations. This is good for locations off the beaten path. A development that further strengthens Stuttgart as a center of commerce. To be able to advise clients, knowledge of the local market and the recognition of trends and potentials is mandatory. This solidifies the reputation of the city as a retail metropolis. The above average income of the local population is a solid basis for good sales. Retail space in the city center is currently 54 % of total retail space in Stuttgart. Top results as compared to Düsseldorf, Frankfurt, Munich, Hamburg or Berlin prove the strength of the city. Trend upwards. Tourists from all over the world are increasingly drawn to Stuttgart due to its beautif ul setting and the urban landscape between historic architecture, modern design and nature. The Staatstheater (the large st three-tiered theater in the world) the Mercedes-BenzMuseum, Porsche-Museum as well as international festivals like the Indian Film Festival, shape cultural life in the city. This creates a magnetic field that extends far into the surrounding areas. 1,714,000 m² 26 % 445,640 m² STUTTGART 54 % HAMBURG 2,661,000 m² 12 % 319,320 m² Retail Relevant Sales Space Statistics show: Stuttgart is a city for shoppers. More than half of all retail space is located in the city center. This puts Stuttgart ahead of Düsseldorf, Frankfurt, Munich, Hamburg and Berlin. BERLIN 4,784,000 m² 11 % 526,240 m² Source: Working Group Economic Calculation of German States (Arbeitskreis Volkswirtschaftliche Gesamtrechnung der Länder (Vorsitz: Statistisches Landesamt BadenWürttemberg)) Source: infas geodaten, 2012; Ratios Stuttgart: own research 21 22 Real Estate Report Retail Retail Motor Stuttgart Colliers Bräutigam & Krämer Retail Motor Stuttgart AT SECOND GLANCE The usual indexes don’t always show Stuttgart’s strengths at first glance. Total retail relevant purchasing power of €3,53 billion puts the city in seventh place among German cities. But it is the per capita purchasing power that is outstanding: at €5,867 Stuttgart has the fourth highest per capita purchasing power, just behind Frankfurt. Stuttgart is also at the head of the pack in Baden-Württemberg. With a total of €15.7 billion, the residents of the Stuttgart region control 26.5 % of the purchasing power of the entire state. RETAIL RELEVANT PURCHASING POWER PER CAPITA IN CONNECTION WITH THE PURCHASING POWER INDEX 107.2 117.2 94.8 HaMBURG 5,715 STUTTGART 5,867 € BERLIN 5,049 RETAIL RELEVANT PURCHASING POWER PER CAPITA 110.1 € 112.8 € Düsseldorf 6,248 € FRANKFURT 6,012 € 127.7 PURCHASING POWER INDEX STUTTGART Munich 6,805 € PURCHASING POWER INDEX RETAIL RELEVANT PURCHASING POWER The purchasing power index depicts the net income of the residents in a region. This represents the potential consumer demand at a particular location. The national average is 100. An index above 100 is above average, an index below 100 is below average. The retail relevant purchasing power is that portion of net income disposable for retail expenditures. Purchases are recorded at a consumer’s place of residence. Source: Gfk GeoMarketing GmbH, 2012 23 24 Real Estate Report Retail Retail Motor Stuttgart Stuttgart Booms The centrality index for Stuttgart is 125, third in Germany after Nuremberg and Hannover. Like these two cities, Stuttgart also acts as a magnet in its urban area. Popularity and demand lead to a continuing increase in retail space in this shopping metropolis. We can compare 841,000 m2 of retail space in 2000 with a forecasted 1,001,000 m2 for the year 2016. Retail rev enue is also high in Stuttgart. € 4,133 million total revenue translates to €6,900 per capita. Berlin, on the other hand, reports total revenues of € 20,244 million or €5,000 per capita. Colliers Bräutigam & Krämer Retail Motor Stuttgart RETAIL SPACE DEVELOPMENT STUTTGART Centrality Index + approx.90,000 m² + 70.000 m² 113.6 Hamburg 107.9 2000 841,000 m² Total Space 2012 911,000 m² Total Space 2016 1,001,000 m² Total Space Berlin 123.3 Düsseldorf Source: HDE Hauptverband des Deutschen Einzelhandels Stuttgart 125.0 110.5 Frankfurt RETAIL REVENUES PER CAPITA Centrality Index 7,502 ¤ 125.0 Munich 7,175 ¤ 6,832 ¤ Düsseldorf Stuttgart STUTTGART 118.3 Munich A centrality index of exactly 100 means that purchasing power leaving and enter ing the region are balanced. An amount above 100 shows the excess of purchasing power entering the region over that going out. 6,188 ¤ Fr ankfurt 6,047 ¤ hamburg 100 5,073 ¤ A centrality index of exactly 100 means that purchasing power leaving and entering the region are balanced. Berlin Source: Gfk GeoMarketing GmbH, 2012 Source: Gfk GeoMarketing GmbH, 2012 RETAIL REVENUES Centrality Index Retail revenues are the total amount consumers have spent in retail location. The centrality index shows the difference between revenues and purchasing power that comes into Stuttgart from the surrounding areas or that flows to the surrounding areas from Stuttgart. The national average is 100. An amount over 100 means more money is coming into an area than is going out. More money is being spent on retail in this region than the purchasing power per capita of the area allows. 25 26 TOP Locations Leaders and Alternatives Demand by international retailers is a good indicator of the international image of a city. Stuttgart is a big player in this respect. Königstrasse is still the crème de la crème. Nowhere in Stuttgart is the demand higher or footfall more frequent. At the same time, the demand for alternatives is increasing. Each retailer can find an attractive location off the beaten path, in a good neighborhood. To make it short: a win-win situation for retailers, the city and its consumers. Real Estate Report Retail Top Locations Colliers Bräutigam & Krämer Top Locations Stuttgart City Center | KönigstraSSe Th eo do r-H eu ss -S tra ße W ind ow s Kie ne str aß e Claire‘s, Mobilcom, debitel, Timberland, Yves Rocher, 02 Bü ch se ns tra ße Kr on pri nz str aß e La ng eS tra ße KönigstraSSe Yeans Halle Adidas NEO H&M, Kult, C&A, New Yorker, 02 Apollo, Görtz 17, Koelble & Brunotte Königstrasse is without question the best location with the most foot traffic. This High Street is one of the busiest pedestrian zones in Germany, close behind Munich and Cologne. The high revenue potential is reflected in the constantly rising rents of € 300 and more per square meter for stores up to 100 square meters in size. H&M Women Desigual Görtz, Hugendubel, Müller Drogerie, Bücher & Kunst, Hochland Hut Hanne, Tabak Magnus Villing, Coffreez, Brillen Kratzmann The influx of new stores is not ebbing: more new mono-labels are drawn to the popular shopping street. New brands such as Adidas NEO and Desigual have moved onto Königstrasse. Bo lzs tra ße The appreciation of Marienstrasse with its connection to the GERBER development will lead pedestrian traffic even further south. One of the longest pedestrian zones in Europe is getting a long awaited extension. Schlossplatz Rent: up to € 300 /m2 Commerzbank Footfall per hour: up to 12,400 Chain percentage: 92 % Geox, Vodafone, New Yorker Demnächst Hugo Boss Stefanel Friedo Frier Swatch Karstadt Sport S.Oliver Sidestep, Fossil, L‘tur Reisebüro, Pimkie Douglas Maute&Benger Tourist-Information, My name is, Lush, My Toys, Bäckerei Kamps, Vodafone, Salamander, Vom Fass SportScheck Mango, Hallhuber, Trendbox, e-plus, Buffalo, Benetton, Bijou Brigitte, Zara, Vodafone Peek&Cloppenburg Ca low Bü Kr Esprit, Swarovski, Campus, H&M Kö nig str aß e on pr inz Buchhaus Wittwer Ar nu lf-K let t-P lat z Media Markt, Atlas, Tabacco shop, dm, Bakery Lang, Schlemmermeyer, Bahnhof Apotheke, Galeria Kaufhof, T-Punkt ier ua rt stq rré Po La ute nsc hla ge rst raß e Friedrich straße ba u Douglas, Terrazza, Kästner Optik, Wolsdorff Tabak, Sovrano, Strauss Innovation, Café Königsbau, Blumen Fischer, Auktionshaus Eppli, Acker Lederwaren, Roller Presse Do rot he en str aß e Foot Locker Tritschler Sport Arena COS Coming Soon Betty Barclay Karstadt Juwelier Kutter Lumas Christ Hussel BiBA Zara Internationale Apotheke WMF, Roland Schuhe, Eckerle Wempe, Zero, Nanu-Nana, O2, H&M Men, Depot Br eit eS Rent a Juwelier, tra ße TopTen, Salamander, Stefansbäck Tchibo , C&A, Toni&Guy Jack Wolfskin, Deutsche Bank, Friseur Bauer, BW Bank, Marktplatz Orsay, T-Punkt, Schloss Parfümerie, ShoeTown Werdich, Deichmann, SIX Kaufhof Europa Apotheke, Stefansbäck Na dle rtr aß e St ein str aß e Ca lw er St raß e S.Oliver e-plus, Promod, Tally Weijl, Mexx, Mango, Snipes, Ro House teb of Gerry üh ProOptik, Weber, lp Fielmann,late-plus, z Tom Tailor Ma rie ns tra ße 28 Store rent in ¤/m²* 25–35 35–60 60–100 120–150 230–280 280–300 *New lease, 80-120 m² 6m frontage, ground floor, good layout Königstrasse is one of the busiest shopping streets in Germany. 29 Real Estate Report Retail Top Locations Colliers Bräutigam & Krämer Top Locations Stuttgart City Center | StiftstraSSe | kirchstraSSe | SporerstraSSe | Marktplatz Feinkost Böhm Max Mara Windows Döttinger Kie Strenesse Blue StiftstraSSe, Kirchstrasse, SporerstraSSe, Marktplatz René Lezard ne str aß e Frankonia The luxury-shopping district recently gained new brands with Hugo Boss and Hollister. Other prime retailers include 7 for all mankind, Louis Vuitton and Mont Blanc. Along Kirchstrasse you can find brands like Napapijri, van Laack and Escada. von Hofen Altes Schloss Maute&Berger tra ße Sti Hollister nz fts tra pri Stefanel on The traditional Stuttgart retailer Maercklin C.F. Braun moved from Sporerstrasse to a new building on Marktstrasse. The proximity to the market square and to Breuninger were key factors in choosing the new locations. Stiftskirche ße Airfield Diesel e 7 For All Mankind str aß Lacoste Kö nig Uli Knecht Bungalow hstr aße ns Mont Blanc Kirc se Coming Soon Hugo Boss e ch str aß Bü Kr Roeckl Dor Napapijri Louis Vuitton oth van Laack Sigrun Woehr lst Tritschler raß e Rent: up to € 180 /m² Sør hu traß Holanka Bar Escada Sc een s Footfall per hour: Spo rers Die Brille e The planned Dorotheen Quarter will return a central neighborhood to the city that history once took away. Visionary architecture will open new perspectives on coexistence: the quarter picks up the idea of the former market and reinterprets it as new living space. It creates a common denominator of commerce and citizens. High-end stores but also cafés, restaurants, bars and lounges will all be at home in this new quarter. Markthalle Wellendorff L‘Occitane Kurtz Cafe Scholz Stiftstrasse: approx. 2,100 traß e Dorotheen Quartier Hirmer Place's Kirchstrasse: approx. 1,900 Sporerstrasse: approx. 1,500 Marktplatz: approx. 4,500 J. Bletzinger Chain Percentage: 95 % Breuninger Department Store Rathaus Ma rs ch st ra ße Marktplatz 2 rk Hi 30 Breitling tst ra ß e Maercklin C.F. Braun Ei ch st ra ß e City Hall Store rent in ¤/m² 60 – 80 80 – 100 130 – 180 1 *New lease, 80-120 m² 6m frontage, ground floor, good layout 1 Stuttgart City Hall 2 Marktplatz 3 Dorotheen Quartier 3 31 Real Estate Report Retail Top Locations Colliers Bräutigam & Krämer Top Locations Stuttgart city center | Calwer straSSe | KienestraSSe | kronprinzstraSSe | büchsenstraSSe Klein er S chlo sspla tz Feinkost Böhm Degussa Eterna Frankonia René Lezard dm Max Mara Kien estr aße Niessing Strenesse blue The odo r-H eus s-S traß e Windows Bree Calwer StraSSe, KienestraSSe, KronprinzstraSSe And BüchsenstraSSe Döttinger Manufaktur Meissen von Hofen Sapper Schuhe Calwer Strasse offers an attractive mix of restaurants, single-brand stores like Marc Cain and Ludwig Reiter and local owner-run boutiques. The new developments Windows, Büx and Kronprinzbau 6 with René Lezard, Max Mara and Feinkost Böhm and the revitalization of Kronprinzbau 8 have raised the level on Calwer Strasse to meet that of the luxury shopping district Stitftstrasse and Kirchstrasse. Backzeit Intersport Charlotte Other businesses in the prime segment have also recognized the development in this neighborhood including the porcelain manufacturer Meissen and Niessing. The Fashionroom by Horst Wanschura is home to luxury and designer fashion including such labels as Issey Miyake, John Galliano and Jean Paul Gaultier. Rent: up to € 110 /m² John M Lloyd Marc O‘Polo Stifts traß e Büc hse nstr aße Butlers Footfall per hour: Konplott Calwer Strasse: approx. 1,900 Steiff Kienestrasse: approx. 800 Maria Stölzle Kronprinzstrasse: approx. 1,100 Gym Amiga nas ium Stra Hirrlinger ße Büchsenstrasse: approx. 3,500 Chain percentage: 60 % Fur Style König straß e Drachenfels Schmuck Ludwig Reiter Schuhe Lan ge S Marina Rinaldi traß e Calw er P ass age von Hofen Buckles&Bells Dean & David Alpinsport Bergland Gosh Lauren Häagen Dazs Marc Cain Weber Krüger Dirndl Loewe Galerie Calw er S traß e Starbucks Kron prinz straß e Comptoir des Cotonniers The odo r-H eus s-S traß e 32 Horst Wanschura Habitat Cecil Fox Scotch & Soda Just Pure DaySpa Yo 2 Go Sushi Circle 1 Bulthaup Fleiner Ursula Maier Möbel Rote bühlp latz Store rent in ¤/m²* Stadtmitte 20–30 50–60 70–80 90–110 3 *New lease, 80-120 m² 6m frontage, ground floor, good layout 1 Büchsenstrasse 2 2 Kronprinzenstrasse 3 Calwer Strasse 33 Real Estate Report Retail Top Locations Colliers Bräutigam & Krämer Top Locations Stuttgart City center | SchulstraSSe | hirschstraSSe | eberhardstraSSe Sport Arena hu Mont Blanc lst Kö nig str aß e Karstadt raß Schlemmermeyer e Louis Vuitton Vodafone Hofpfisterei Tritschler The BodyShop Tchibo Bijou Brigitte Accessorize Korb Maier Petit Bateau Constantine Tamaris Haufler Game Shop Gina Laura Vodafone Wolford e-plus 0₂ Kirchstraße Sc Spo rers Kurtz Binder Optik traß e SchulstraSSe, HirschstraSSe, EberhardstraSSe Hirmer Dorotheen Quartier Place‘s Königstrasse is not the only top level shopping mile in Stuttgart. Schulstrasse is the old est pedestrian zone in Germany and it also has the second highest footfall in Stuttgart. Schulstrasse is the direct connection between the S-Bahn Station Stadtmitte and the Market Square and therefore has a real traffic function. This provides huge potential for retailers with a high proportion of fast moving small-item inventory. New additions such as Tamaris, Constantine and Wolford prove that the street never lost its appeal for lingerie and shoe retailers. J. Bletzinger Sigrun Woehr Ne ue Br Lebkuchen Schmidt üc ke CupCake Breuninger Department Store Ma Breitling Rathaus Parfümerie Heudorf Woick Marktplatz e ß ra t hs c rs Hi Vitalia rk raß e Maerklin C.F. Braun St Mußler hm ale 0₂ Ara Sc 34 Jako-O Geschwisterliebe Na dle Ei ch rs st tra Lindemanns Buchhandlung ße ra ß e New additions on Eberhardstrasse include the upscale hairdressing salon Gianni d'Assero and the new used-design Möbeloutlet which sells furniture with history. Juwelier Häffner ra ß e Schuh Grau Müller Parfümerie Ruth Sellack Schmuck Grüne Erde Blutsgeschwister Br Dolzer eit eS tra ße tst The unusual JAKO-O flagship store marks the face of Hirschstrasse. New tenants like Skate and Streetwearestore Titus or the trendy bakery CupCake also contributed to the renewal on this street. Linea Villeroy+Boch DOM J-7 hairstyling Peter Hahn Gudrun Sjöden C&A Rent: up to € 150/m² Pavillon Elena Footfall per hour: Ralph G. Schulstrasse: approx. 5,200 Gianni d‘Assero Hair Hirschstrasse: approx. 2,200 Eberhardstrasse: approx. 900 Juwelier Jacobi Chain Percentage: 61 % Mephisto Schuhe Kaufhof Block House Horsch Schuhe e straß hard Eber Odlo dm U-D Used Design Stuttgart Anne Korn Hafendörfer San‘s Kabel BW Subway 2 1 Schulstrasse 2 Nadlerplatz 3 Eberhardstrasse Store rent in ¤/m² 25 – 35 35 – 60 60 – 100 120 – 150 *New lease, 80-120 m² 6m frontage, ground floor, good layout 1 3 35 Real Estate Report Retail Top Locations Colliers Bräutigam & Krämer Top Locations 37 Stuttgart city center | Tübinger straSSe | SophienstraSSe | MarienstraSSe Pasta‘s Sparda Bank Stadtmitte Tübinger StraSSe, SophienstraSSe, MarienstraSSe Salamander Seegmüller The GERBER at the southwest end of Stuttgart will provide an impulse for surrounding areas. Marienstrasse and Sophienstrasse will be made more attractive for pedestrians. Tübinger Straße will also profit from the planned shared-space concept which will result in less traffic and an aesthetically pleasing street scene with no visible border between vehicle and pedestrian lanes. There will be a total of 650 new parking spaces. C&A Wilhelmsbau Parfümerie Pizza Hut Berry Kiss Base Phuc ns tra ße Famz ardstr aße igstraße Cinderella Boutique E+H Meyer Optik Werz Mama Vodafone ger S Ave Oxfam Bücher Apotheke So Abele Studio 26 The infrastructural connection to the City Ring will also provide vitality to other areas in the south. Ligne Roset will open a store here. New buildings such as Casanova, Caleido and Pauline add to the positive development in the neighborhood. One of the highlights in Caleido is the spa and wellness concept “Elements” to be opened by the Migros Group from Switzerland on 5,000 square meters. Tübinger Strasse: approx. 1,500 Sophienstrasse: approx. 450 Juwelier Milano Marienstrasse: approx. 3,500 Vivi Demnächst Globetrotter 6.000 m² Chain percentage: 60 % Yeans Halle e aß str ien ph Zoo Schreiter Tübin dm Rent: up to € 150/m² Footfall per hour: Mania traße Schüta CottonCotton Sophie‘s Brauhaus Many retailers want to reap the benefits of the new flow of foot traffic from Königstrasse. Evidence of this are new openings such as the Crumpler Shop, dm, CottonCotton, Schüta, Venus and Manja. Eberh Kleine Kön rie Wolle Rödel Kaufhof e McDonald‘s ß ra st Vodafone Backwerk Venus Juwelier Yilik Mania g ni Kö Lidl Ma 36 GERBER 24000 m² Handelsfläche, 650 PKWStellplätze Kallas Vivaz Ci ty rin g Love Reign (B 10 /B 27 ) 1 Espresso Laden Crumpler Shop Seidenstraße Ilona Forner Alnatura Sichtbar night delight Krojer+Gawlitta Best Store rent in ¤/m²* 25 – 35 35 – 60 60 – 100 120 – 150 230 – 280 *New lease, 80 – 120 m² 6m frontage, ground floor, good layout 1 Marienstrasse 2 3 2 Marienstrasse 3 Königstrasse/Eberhardstrasse Real Estate Report Retail Top Locations Colliers Bräutigam & Krämer Top Locations Stuttgart City center | BolzstraSSe | LautenschlagerstraSSe | KronenstraSSe Bulthaup Ha up tba hn ho f Poggenpohl Holzmanufaktur Bulthaup Cabinet Renner Detlev Louis Peak Performance Leicht Küchen BolzstraSSe, LautenschlagerstraSSe And KronenstraSSe Mod‘s Hair The face of this neighborhood has changed completely. Two new shopping centers – Postquartier (see also page 54) and Bülow-Carré have moved in, markedly improving the area. New tenants in the Postquartier are Conrad Electronics (on 3,000 m2) as well as Mammut, Rewe and Rossmann. Peak Performance moved in across the street. Media Markt Siematic Idee Creativmarkt Hotel Bo Concept Manufactum Conrad, Rewe, Mammut, Rossmann, The North Face Magazin Postquartier Friedrichstraße Ar nu lf-K lett -Pl Arlt atz Photo Planet Block House Explorer Fernreisen Kro ne nst raß e The Bülow-Carré completes the connection between Kronenstrasse and Bolzstrasse. Upon completion, Lautenschlagerstrasse will finally move into the upper echelon of shopping locations with retailers occupying the street from the Main Station to Bolzstrasse. Bolzstrasse is famous for good restaurants, including “5” a trendy new location with unique interior design and excellent food. Also new to the street are Asia 5 Sterne serving exotic food and the brewery Schönbuch. Kaufhof SportScheck Ikarus The Flashgib La ute ns ch lag ers tra ße Th ou ret str aß e Fai Sushi Toni & Guy Galerie Ste ph an str aß e Bülow Carré Leonardo Palast der Republik Asia 5 Sterne El Chico Brauhaus Schönbuch Old Bridge Fünf Fresh Sub Todi‘s Vapiano Schwäbische Traumfabrik Boomerang Reisen Rent: up to € 150/m² Kö nig str aß e Gravis Footfall per hour: Bolzstrasse: approx. 3,800 Phoenixbau Lautenschlagerstrasse: approx. 900 Campell Optik Bo lzs tra ße Kronenstrasse: approx. 1,600 Chain percentage: 69 % Stylecode WESC 2 DER Reisebüro Hotalo Imbiss Douglas Th eod orHe uss -St raß e 38 American Apparel Sans Heart & Sole Abseits Oggi Galerie Schlichtenmaier Rita Limacher Waranga Bar Kleiner Schlossplatz Holanka 1 Kunstmuseum Wittwer Schlossplatz Store rent in ¤/m²* 20 – 30 30 – 70 70 – 150 *New lease, 80-120 m² 6m frontage, ground floor, good layout 1 Schönbuch Brauerei, Bolzstrasse 2 Café, Bolzstrasse 3 Bolzstrasse/Königstrasse 3 39 40 Real Estate Report Retail City Talk 40 Colliers Bräutigam & Krämer City Talk THE OPPORTUNITIES OF CHANGE THE ART OF LIVING TOGETHER An Interview with Dieter Blocher An interview with Nikolaus Koliusis Stuttgart is an economic powerhouse. But just as important, it is home to many creative people and individualists. Concept artist Nicolaus Koliusis is one of these. He explains what makes Stuttgart so special as a cultural and residential location. GERBER, The Dorotheen Quarter, Stuttgart 21 – the capital of Baden Württemberg is reinventing itself. Dieter Blocher talks about the necessity for sustainable neighborhood development, Stuttgart’s future and his love for the city. Mr. Blocher, what is important for a downtown city district? First of all, a downtown district is living space where private and commercial interests meet and complement each other. An attractive public building, which serves as a mediator should be part of this space. Borders between these districts should be fluid. Downtown life can continue into the inside of the building. This mixture creates a vital atmosphere, essential for city life. A city district development is only successful in the end if the people living in and around it can identify with it. What role does sustainability play today? Ecological sustainability plays an important role in city development today. In Stuttgart, it is precisely the green areas of the city that are being enhanced – take the expansion of Rosensteinpark for example. Cultural, social and economic sustainability have to be in balance. The ability of different generations, nationalities and social classes to peacefully coexist is very important to the City of Stuttgart. Quality of life belongs to everyone. New city developments are opportunities to create ideal conditions for the best quality of life possible. What other architectural features are characteristic of Stuttgart’s City Center? The people in charge know that a city has to keep changing as a result of the interaction of social processes and architectural measures. It’s a good thing that there is a lot of movement going on here – despite the limited amount of space. Whether it be Bülow-Carré, GERBER, the Dorotheen Quarter or Stuttgart 21, these are huge changes for the city this size that you normally only see in much bigger metropolitan areas. It’s also a positive signal for the future. What do you hope is in store for Stuttgart in the future? That city development has a positive effect both on its residents, the economy and nature. And that international investors in particular discover the appeal of the city. But we are on the right path. What do you love the most about Stuttgart? The variety: a city surrounded by vineyards and nature with big city culture and shopping that can compete with the big metro- politan areas. In Stuttgart you can find almost every brand of clothing and many different kinds of restaurants. Some places have comfortable southern flair while others exude urban vitality. And everywhere you feel “savoir-vivre”. Such a wide variety in such a small space is rare. The Stuttgart architect Dieter Blocher is managing Nikolaus Koliusis was born in Salzburg. A photo director of the architect and design firm Blocher grapher by trade, Koliusis was drawn to Stuttgart in Blocher Partners. This internationally renowned com the mid 1970s. From here he attained national and pany specializes, among other things, in experienced international acclaim. By experimentally changing based retail concepts and city district planning, such the installations and objects in rooms, he continually as in the Q6 Q7 in Mannheim. creates new places. What does Stuttgart offer to those interested in art? In Stuttgart you can find many large and sometimes also very small creative places. For me art is special where I don’t expect it. Where you can reach someone that doesn’t regularly go to art exhibits. About 10,000 people go by the „blue art in the tunnel“ underneath the Stuttgart Art Museum every day. Public space becomes a gallery. Stuttgart is also a shopping metropolis. Where do you like to shop the best? If I feel like shopping, I go to places that could touch me emotion ally. I like stores that are unusual and unique. And that give me the feeling that things are sort of pre-selected for me. What makes Stuttgart a good place to live? Especially the people who think „see you soon“ is a strange thing to say. I prefer the personal commitment that we have here. That is also apparent in the quiet but strong charitable commitment on the part of many Stuttgarters. What does a place of residence have to offer you? I feel at home when people in my environment show a committed, multicultural effort. Both in everyday life together but also in the arts. By the way, not just fine arts. Stuttgart, for example, offers several fabulous international music events that bring people together. Stuttgart aside: are there other cities where you would like to live? Athens and Kyoto come to mind spontaneously. Both cities with big reset potential. Athens because of the obvious economic problems, that simultaneously open new doors. In Kyoto there is a sense of social upheaval that doesn’t have anything to do with money. The issue there is more that basic values and lifestyles are being questioned. I could imagine getting over my own fear of a new beginning to be a part of this process. In one sentence: what does Stuttgart have that other cities don’t have? Social competence and the need of many to pave their own way. 41 42 City Districts THE APPEAL OF VERSATILITY Stuttgart also has appealing commercial and residential areas apart from the top locations downtown. These areas are especially popular among families due to the excellent infrastructure. Up to now, the related purchasing power has mainly been captured by local and regional businesses. Bad Canstatt not only has a lively center which has been the traditional core of activity, but also is home to the Neckarpark – the new area that will continue to develop in the next few years. 44 Real Estate Report Retail City Districts Colliers Bräutigam & Krämer City Districts Stuttgart Bad Cannstatt | MarktstraSSe Stadtkirche Rathaus O2 asse achg Sulzb Marktplatz Pro Optik Kö nig -K ar l-S tra ße e rgass Küble Fielmann e Wilhelmstraß Backzeit Apollo Confiserie Selbach Stefansbäck Strohm Schuhe Gina Laura Ernsting‘s Family T-Punkt Vodafone Mar ktstr aße E-plus Tchibo Nanu Nana Sailer Bäcker Lang Mobilcom debitel Reno Bäcker Lang Bonita dm Volksbank Deutsche Bank traße Daimlers Binder Optik Subway Kaufhof Apotheke BW Bank Badstraße REWE Rossmann aße ger Str Waiblin Targo Bank Wilhelmsplatz Commerzbank O2 Se Backzeit elb erg Kik DER Reisebüro str aß e Apotheke Vodafone Post Postbank Population 2011 66,600 Bahnhof Bahn hofst raße Sparda Bank Store rent in ¤/m²* 10 – 15 15 – 30 Apotheke 30 – 50 e Straß nger Wildu Cannstatter Carré H&M, s.Oliver, C&A, New Yorker, Takko, Müller Drogerie, Strauss Innovation, Intersport, Weltbild, Kaufland, GameStop, Buddelei, Vodafone, Ulla Popken, Pimkie, Deichmann *New lease, 80 – 120 m² 6m frontage, ground floor, good layout Bad Cannstatt Area: 15.7 km² Population density: 4,242/km² Net income: 22,708 Euro chain percentage: 44 % Marktstrasse The Volksfest on the Canstatter Wasen is almost as famous as the Oktoberfest in Munich. But the fair with the biggest midway in Europe is not the only attraction in the most populated district in Stuttgart. The beautiful old town with its many hist oric buildings and wide variety of shopping possibilities attracts visitors from all over. The Canstatter Carre, with 22,000 square meters of retail space, has been an import ant addition to help bind purchasing power in the area. And there is more room for growth. There are still undeveloped areas in the Neckarpark, in the direct vicinity of the Mercedes-Benz Museum, the Porsche Arena and the Hans-Martin-Schleyer Halle. 45 Real Estate Report Retail City Districts Colliers Bräutigam & Krämer City Districts Stuttgart Sillenbuch | Kirchheimer straSSe Apotheke Bäckerei Treiber Ra Si lb Ernsting‘s Family Edeka Postbank Bäckerei Widman Juwelier am Eck First Reisebüro EP:Corner e Klag ie d Fr hric rc e nd tra l-S ße Un te re Qu hh eim er er str aß ein h ho Kl ra ß e Haller Bestattungen Deutsche Bank ße a r Inge H. St er m i e Lindacher Hörgeräte K+U Edeka h en e E BW Bank st Volksbank te -S ard du Apotheke Blumen Glemser Bäckerei Unger 27,410 12,5 23,164 15 – 35 12,50 – 25 *New lease, 80 – 120 m² *New lease, 80 – 120 m² 6m frontage, ground floor, good layout 6m frontage, ground floor, good layout str aß e Ursula Schwab Schuhe Iffland Mademoiselle Pamplemousse on cr ien Store rent in ¤/m²* 35 Friseur Pierrot Lil Store rent in ¤/m² Godel Parfümerie Naturgut Bio Supermarkt Population 2011 Population 2011 e raß St einl Commerzbank Ki Zu O₂ Commerzbank e Duffner Schuhe Goldkind e traß DER Reisebüro NKD er-S Deutsche Bank n ölte Trölsch Cecil StreetOne Sparda-Bank dm T-Punkt kt - P ße Stra ter Godel e traß er S gart tt Stu ra ß Kunst + Raum Vitalia Reformhaus San nfur Depot st Zinstag Augenoptik BW Bank Stefansbäck Apotheke Goebel Moden Vodafone Binder Optik w ald Eiscafé Timone Eiscafe Apotheke er Der Teeladen er S traß e ße Stra Deutsche Bank Feinkost Stoll tling Sparda Bank e ß ra st e nk Stickfrisör Tut zer Gra Apollo Optik Euroshop Lady Fashion Wüstenrot Commerzbank Kik re nn e rSt ra ße Stuttgart Feuerbach | Stuttgarter straSSe Ru do lfB 46 Kalb Optik Tui Metzgerei Dietz Tabak Berger FeUERBACH Sillenbuch Area: 11.6 km² Area: 7.5 km² Population density: 2,363/km² Population density: 3,088/km² Net income: 25,270 Euro Net income: 27,131 Euro Chain percentage: 52 % Chain percentage: 32 % Feuerbach has fought its way from being an industrial park to a lively city district. Parks, culture, central residential areas and good infrastructure make the location attractive. The 27,500 residents have above average purchasing power with net income above the Stuttgar t average. Stuttgarter Strasse is lined with regional and local retail establishments. Chains and services complete the picture. Stuttgarter Strasse Kirchheimer Strasse Sillenbuch is covered one-third by forest even today. Many city residents come here to enjoy a walk or a run in the woods. The primarily upper class residential areas are home to the highest per capita income in Stuttgart. Among the attractive local retail establishments are luxur y boutiques. These contribute to a top-notch shopping experience on Kirchheimer Strasse. 47 Real Estate Report Retail City Districts Colliers Bräutigam & Krämer City Districts Stuttgart weilimDorf | Löwen-markt Stuttgart Degerloch | EpplestraSSe st Mathilden ße tra So litu de s Ra tha us ga sse StadtApotheke Lamisse Chinapalast Ling Jun Commerzbank raß e St Tedi Schuhaus Schmidt ße -Stra Dahn Felix- dm Volksbank Asia Wok Tchibo Alnatura Hussel Henry Moden Binder Optik Lidl bumüller back ner Straß First Reisebüro Schreibfant e straß n Löwe e rstraße r Straße Neustädte e traß tlins ke Zweibrüc aße eimer Str BW Bank Commerzbank Population 2011 Population 2011 16,113 30,739 5 Glotz Ovi‘s Frisuren Haar Paradies Germersh Store rent in ¤/m² Bäcker Lang City Supermarkt Lidl Stotzinge zh Kids raße Naturgut Biomarkt Parfümerie Klink Apotheke MalvenApotheke er St Pforzheim Trölsch Metzgerei Nouvel Kös eim er Juwelier Milano Euro Kebab Bäckerei Veit e straß punctum SolitudeApotheke dm O Epple BW Bank LBS NKD Frisör Werz Löwen-Markt Sanitätshaus Glotz Iffland Bumüller Back Talgrabenstraße Mannsdörfer ein eW r be raße Sta ige rst raß e Vögele Rewe Lö we Kind Hörgeräte ng ass e Heart&Sole e ig ste Stedingerstraße Pf or 48 Apotheke Apotheke Goebel Moden Raumausstattung Bubeck Metzgerei Cantz Commerzbank Store rent in ¤/m² 15 25 Deutsche Bank 20 40 *New lease, 80 – 120 m² *New lease, 80 – 120 m² 6 m frontage, ground floor, good layout 6m frontage, ground floor, good layout WeilimDorf Degerloch Area: 12.6 km² Area: 8.0 km² Population density: 2,439/km² Population Density: 2,014/km² Net income: 23,922 Euro Net income: 27,619 Euro Chain percentage: 29% Chain Percentage: 58 % A recent survey got right to the point: the residents of Weilimdorf have an above avera ge sense of satisfaction. The center around the Löwenmarkt and Pforzheimer Strasse with small shops and restaurants are good reasons to stroll through town despite the lack of clothing and sporting goods stores. Nearby Schloss Solitude is also a good reason for a stroll in the park. But this district can do more: one of the newest industrial parks in Germany with well-known companies is located here. Pforzheimer Strasse Epplestrasse Public transportation as an attraction? Stuttgart makes it possible. One of the four last rack railways in Germany goes from Marienplatz to Degerloch, with a maximum grade of 17.8 %. The former resort, known for its healthy air, has a retail mix of trad itional stores and chains. They all profit from the attractive residential area with its high purchasing power. Demand for space and rent prices are accordingly high in this city district. 49 Real Estate Report Retail City Districts Colliers Bräutigam & Krämer City Districts Stuttgart Zuffenhausen | Unterländer straSSe Hauptstraße Atlas Reisen Kik Hör-Konzept Iffland Hörgeräte Commerzbank Vodafone Subway Zoo Schöniger Deutsche Bank Edeka Post Postbank r Str aße 02 NKD Postbank e-plus BW Bank Bäckerei Lang Reformhaus Tchibo Hauptstraße T-Punkt Targo Bank Netto Targo AOK Bank Auszeit Commerzbank Unter Metzgerei Eisenmann länder Straß e Foto Hilt REWE T-Punkt Adessa Apotheke Nuspl Siegel Paulus Kirche Denn‘s Population 2011 Population 2011 43,540 35,600 Store rent in ¤/m²* (without SchwabenGalerie) Store rent in ¤/m²* 25 15 *New lease, 80 – 120 m² *New lease, 80 – 120 m² 6m frontage, ground floor, good layout 6m frontage, ground floor, good layout 2 Vaihingen Zuffenhausen Area: 20.9 km² Area: 12.0 km² Population density: 2,083/km² Population Density: 2,967/km² Net income: 26,345 Euro Net income: 21,437 Euro Chain percentage: 60 % Chain percentage: 46 % Vaihingen is home to the University of Stuttgart, the Fraunhofer Society, the MaxPlanck-Society and the German Center for Air and Space. Not only students live here, but also professors and researchers. This creates a wide variety of needs that retail businesses have to service. The SchwabenGalerie is number one with its large space retail concepts. The Vaihingen Market is split up into smaller spaces and offers a good mixture between special retail stores and traditional businesses. 1 25 The cit y district on the nor th side of Stuttgart is an important industrial location today; big companies like Porsche and Alcatel-Lucent are located here. Retail is found mainly on Unterländer Strasse. The project to move the Stadtbahn (city train) below ground is good not only for the 35,600 residents but also for the area all around the shopping center that has a chain percentage of 46 %. 1 SchwabenGalerie 2 Vaihinger Markt Apollo Apotheke Base Ernsting‘s Kabel BW Family O2 15 r Str aße Volksbank eime Str aß eime ger e Vodafone traße ger S Vaihinger Markt Hotel Lidl glin Bietig h Stadtbücherei in Lothr Intersport Gü dm Besig h Kind Hörgeräte Haugstraße Volksbank Media Markt, Deichmann, Takko, Kaufland, BW Bank, Shoe Town, mister.lady Modepark Röther, Tchibo, Apollo Optik, Binder Optik, Vodafone, Bonita, dm, Aldi, Bijou Brigitte, Gamestop, Street One Kirch talstr aße SchwabenGalerie Vaihinger Markt U.S. Shop Stoc kh Lutzweg Bürgerforum Elsässer Straße Bachstraße eime r Str aße Stuttgart Vaihingen | Vaihinger markt Seerosenstraße 50 Unterländer Strasse Volksbank Tui Emil-Schuler-Platz 51 52 Project development and letting SHAPING THE FUTURE TOGETHER Colliers Bräutigam & Krämer specializes in the development and realization of city center retail projects. We search for the best tenant for each project using the insider knowledge and global connections we have attained from many years of experience in retail letting. Through the brokerage of attractive, sustainable concepts, the experts contribute to a multifaceted street landscape with retailers, servicer providers and restaurants. In one word: urbanity. The Colliers retail team is your partner with passion for real estate. Our team is always up to date on global trends to inspire you with. Not just our clients, but also cities and towns profit from our experience. Real Estate Report Retail Project Development and Letting Colliers Bräutigam & Krämer Project Development and Letting References Retail Letting in the Stuttgart City Center 1 2 latz -P lett f-K ul Arn 4 ße stra 8 e uff Sta nen Kro 10 6 i Kön 11 9 18 e Lau ße ten 14 16 Fr 15 ied ric hs e traß 20 19 tra 22 ets ur Tho stra traß 13 ße 17 21 n pha Ste 12 a str erg nb 7 ße 23 ße stra z Bol ie Plan 24 z t spla hlos Sc ße r atz ine l Kle lossp Sch tra ens the o Dor 29 31 30 Kir ch 28 aße tstr Stif 34 ße 56 stra ium nas 57 Gym 69 ale e ß stra inz K 64 66 ite Bre 65 aße ardstr s rd ha r be E 77 nstra Marie ße ße latz tra 79 e ß tra rS Leased retail and office space: 75 aße Str 76 78 hlp tebü Lease deals (incl. office): 750+ 74 ge bin 62 63 Ro 72 73 Tü 61 53 70 Cal 60 wer Stra ße ge Lan ße Stra 54 68 67 58 pr ron 59 e Neu 51 E ße stra dler e Na 71 k c Brü m Sch 42 55 e 43 traß igs 38 Th 40 41 Kön e aß -Str euss r-H o d eo 39 37 45 52 aße ichstr ße stra 44 ße 36 stra sen üch 47 Eberh 46 35 26 B 50 Stein Kien 49 tplatz Mark straße aße estr 32 e Hirsch 25 48 str 33 aß aße Str 27 more than 650,000 m² 80 e Sophienstraß Purchase contracts closed: 250+ 81 Investment volume: more than € 5 billion 82 Colliers Bräutigam & Krämer brokered more than 200 retail ße enstra Paulin leases in the Stuttgarter City Center. More than 100,000 m² 84 of retail space was leased 83 1Hauptbahnhof 44 Schulstrasse 17 2 Klett-Passage 22-26 45 Schulstrasse 9 3Hindenburgbau 46 Marktplatz 4 47 Rathauspassage 2 Arnulf-Klett-Platz 1 4 Königstrasse 1b 5 Königstrasse 1c 6 Königstrasse 3 7 Königstrasse 3 8 Königstrasse 10 a 9s’Zentrum Königstrasse 10c und 12 10 Lautenschlagerstrasse 4 11Arnulf-Klett-Platz 12 Friedrichstrasse 9 13 Kronen-Carré Kronenstrasse 30 14 Friedrichstrasse 10 15 Geschwister-Scholl-Strasse 3 16 Friedrichstrasse 16 17 Lautenschlagerstrasse 14 18 Postquartier Kronenstrasse 7, Thouretstrasse 19 Lautenschlagerstrasse 24 20 Bülow-Carré Lautenschlagerstrasse 21, 23 21 Königstrasse 16 22 Phoenixbau Königstrasse 5 23 Bolzstrasse 6 24 Königstrasse 28 25 Kronprinzbau Kronprinzstrasse 6 26 WINDOWS Calwer Strasse 18 27 Kronprinzstrasse 8 28 Königstrasse 19 a 29 Dorotheenstrasse 2 30 Kirchstrasse 14 31 Sporerstrasse 12 32 Marktplatz 11-12 33 Kirchstrasse 3 34 Stiftstrasse 5 35 Königstrasse 21 36 Büchsenstrasse 10 37 Calwer Strasse 26 38 Theodor-Heuss-Strasse 10 39 Calwer Strasse 11 40 Kronprinzstrasse 19 41 Calwer Strasse 25 42 Calwer Strasse 19 43 Königstrasse 46 5 g st e raß 3 ers lag sch 54 85 Colliers in The stuttgart City Center 48 Marktplatz 6-8 49 Eberhardstrasse 3 50 Eberhardstrasse 31-33 51 Eberhardstrasse 31-32 52 Eberhardstrasse 6 53 Nadlerstrasse 21 54 Eberhardstrasse 8 55 Marktplatz 4 56 Kronprinzstrasse 11 57 Königstrasse 50-52 58 Calwer Strasse 27 59 Lange Strasse 6 60 Calwer Passage Rotebühlstr. 20 a-d 61 Calwer Passage Rotebühlplatz 20b 62 Calwer Strasse 60 63 Rotebühlplatz 18 64 Calwer Strasse 41 65 Königstrasse 70/71 66 DAS WEISSE HAUS Königstrasse 43 b 67 Neue Brücke 3 68 Hirschstrasse 20/ 22 69 Hirschstrasse 26 70 Breite Strasse 2-4 71Nadlerstrasse 72 Eberhardstrasse 10 73Eberhardstrasse 74 Eberhardstrasse 35 75 Eberhardstrasse 49 76 Königstrasse 49 77 Tübinger Strasse 1 78 Königstrasse 78 79CityPlaza Rotebühlplatz 21-25 80 Sophienstrasse 28-30 81 Tübinger Strasse 25 82 Gerber Tübingerstrasse / Marienstrasse 83 CASANOVA Augustenstrasse 1 / Paulinenstrasse 41 84 PAULINE Paulinenstrasse 21 85 CALEIDO Tübinger Strasse 43 / Österreichischer Platz Colliers Bräutigam & Krämer is Stuttgart's first address for project development, land acquisitions, commercial letting or real estate investments. The company has a total of 30 employees, including nine partners. Their know-how is based on exact knowledge of the potential users, direct access to the decision makers as well as a detailed understanding of the market. Knowledge of national and international market requirements is constantly updated through the exchange of information within the global Colliers network. The main elements of success - especially when considering very demanding projects - are close cooperation and bundled competence combined with high motivation. A few examples of such projects are the Post quartier, the Bülow - Carré and the center for living - Killesberghöhe. 55 56 Real Estate Report Retail Project Development Colliers Bräutigam & Krämer Project Development Postquartier L autenschlagerstraSSe 17 T h e Po s tq u a r ti e r is a n o th e r h u b i n Stuttgart’s pulsing center. The interesting facades and lobbies in this building with classic style arcades and columns impress both customers and other guests alike. Before the refurbishment, the building was empty for a long time. Colliers Bräutigam & Krämer worked together with the investor to develop a usage concept and took over the letting process. The retail mix created an attractive shopping area. The stylish appearance allows tenants to easily identify with the property. The combination of working and living makes the Postquartier a very appealing element of the downtown area. The office space with a wide variety of shopping possibilities and restaurants offers employees and visitors an interesting and varied environment. This carefully selected blend creates synergies for each user on a total of 26,400 square meters. The 9,700 square meters of retail space include such tenants as Conrad Electronics, Rewe, Rossmann, Mammut and The North Face. Usage: Office and retail Total space: 26,400 m 2 retail space: 9,700 m 2 architects: Tim Hupe Architekten project developer: Hines Immobilien GmbH Completion: 2012 57 58 Real Estate Report Retail Project Development Colliers Bräutigam & Krämer Project Development Phoenixbau KÖNIGSTRASSE 5 Phoenixbau with its four retail and four office floors is one of the most attractive buildings in downtown Stuttgart. The façade design of stone and glass makes reference to the surrounding historical buildings both in its dimensions and mater ials used. The stores open onto König strasse while the offices are accessed by a separate entrance on Marstallstrasse. The building has 10,500 square meters of retail space, which was all leased through Colliers Bräutigam & Krämer. In addition the build ing has office space with flexible floor plans surrounding an open atrium. Colliers Bräutigam & Krämer was involved in the project right from the beginning: from concept development, land acquisition, lease deals (which were signed two years prior to construction begin) to final sale of the property. Usage: Office and retail Total space: 17,600 m 2 Retail space: 10,500 m 2 ARCHITEcT: Anton Ummenhofer Project developer: Phoenix Real Estate Development GmbH Completion: 2008 59 60 Real Estate Report Retail Project Development Kronprinzbau KronprinzstraSSe 6 und 8 Kronprinzbau is a beautiful downtown building with exquisite shopping. This prestigious property directly adjacent to S c h l o s s p l a t z , Kö n ig s t ra s s e a n d t h e Stuttgart Art Museum, closed the gap between Calwerstrasse and Stiftstrasse. After advising the international project developer on the building site acquisition, Colliers Bräutigam & Krämer followed up on with the development of an ideal market ing strategy for the retail space. With a tot al of 25,500 square meters, the building is perfectly integrated into the area around Kleiner Schlossplatz. There are 6,400 square meters of retail space, office space, five city apartments and a public parking garage with 266 spaces. In addition to luxu ry clothing stores René Lezard and Max Mara, the regional food specialty store Böhm is a magnet for passersby and food lovers. Colliers Bräutigam & Krämer finished its work with the sale of the redevelope d property. Usage: Office and retail Total space: 25,500 m 2 retail space: 6,400 m 2 ARCHITEcTs: B&V Braun Volleth Architekten GmbH Project developer: Europa Capital Partners Ltd. Completion: 2007 Colliers Bräutigam & Krämer Project Development 61 62 Real Estate Report Retail Project Development Colliers Bräutigam & Krämer Project Development ‘s Zentrum Das weisse haus KönigstraSSe 10c and 12 What began as a consolidation of neighboring building sites by Colliers B&K, has become a Stuttart institution. The ‘s Zentrum, a landmark building created by the star architect Josef Paul Kleihues, is one of the main locations for successful companies such as Peek & Cloppenburg, Sport Scheck or Zara. Colliers B&K was involved in the project right from the beginning, consulting the land owner, coordinating the architectural competition, letting the 22,600 square meters of retail space and finally selling the property to an end investor. Completed in 2002, the building conveys the feeling of timeless values and urbanity – and substantially contributes to the increase in value of lower Königstrasse. The building fits seamlessly into the city landscape with its façade of natural stone and a metal and glass construction. In addition to the retail and office space from the basement to the third floor, there is also a modern fitness studio located on the fourth floor KÖNIGSTRASSE 43b Usage: Office and retail Usage: Office and retail Total space: 33,300 m 2 Total space: 4,400 m2 Retail space: 22,600m 2 Retail space: 2,400 m2 ARCHITEcTs: Kleihues und Kleihues ARCHITEcTs: Lederer + Ragnarsdottir + Oei Architekten Project developer: Telekom Immobilien GmbH Project developer: Phoenix Real Estate Completion: 2002 Development GmbH Completion: 2006 The name "White House" fits: this commercial building with its bright white façade is something to behold. The building – with its ground floor, five upper floors and two basement levels – fits perfectly in the neighborhood. More than half of the total 4,400 square feet are retail space. The success of this building is also due to the creative impulses set by Colliers Bräutigam & Krämer. After the first life cycle of the building came to an end, it was sold and redesigned. The highlight: taking advantage of the special corner location and leasing to first-class companies like H&M, O2 and Depot. Full occupancy and transaction consulting were part of our services in creating this excellent investment opportunity. 63 64 Real Estate Report Retail Project Development Colliers Bräutigam & Krämer Project Development Bülow-Carré L autenschlagerstraSSe 21 und 23 26,400 square meters of prime retail space in a super downtown location between Königs trasse, Bolzstrasse and Kronen strasse invite you to come in and shop, stroll, eat and drink. Colliers Bräutigam & Krämer was the exclusive agent in creating a unique solution for the retail space on the ground floor. The property is only two minutes on foot to the main train station. The architecture itself conveys self confidence without being pushy. Even at night, the building looks alive. All environmental aspects were taken into consideration dur ing the planning phase to ensure sustain able quality and efficiency. This was confirmed by the LEED platinum precert ification, for a “green building”. Usage: Office, retail and restaurant Total space: 26,400 m 2 Retail space: 3,200 m 2 ARCHITEcTs: Architekten IPB Pralle + Hübenbecker Project developer: Bülow AG Completion: 2013 65 66 Real Estate Report Retail Project Development killesberghöhe am kochenhof 10-14, stresemannstrasse 1-7 80 years after the Weißenhofsiedlung was built, Killesberg has a new, vital hub. A small city surrounded by green to live and to work – perfectly accessible by public transportation. The train ride (U-Bahn) to downtown takes only five minutes. A team of internationally renowned architects – among them David Chipperfield – made reference to the Bauhaus building tradition, while at the same time designing for the future. Killesberghöhe is one of the first city district developments to receive the highest honor (gold) for sustainable con struction from the German Association for Sustainable Construction (DGNB-Deutsche Gesellschaft für Nachhaltiges Bauen). The new center is located in a growing area. The population in the part of the city is about 30,000 and is expected to grow to 40,000 during the next few years. There will be 110 apartments, a shopping center, a day care center for 120 children, fitness studios and spa centers as well as restaur ants – all to ensure the highest quality of life for residents, employees and visitors. In addition, there will be a wide variety of doctors and complementary medical ser vices such as drug stores, dental labs or physical therapy. Usage: Office, retail, service, restaurants and residential Total space: 19,400 m2 Retail space: 8,900 m2 ARCHITEcTs: Ortner und Ortner Project Developer: Fürst Developments GmbH Completion: 2012/2013 Colliers Bräutigam & Krämer Project Development 67 68 Real Estate Report Retail Letting Colliers Bräutigam & Krämer Letting Letting With the support of the Colliers global network, the retail team at Colliers Bräutigam & Krämer is in close contact with many international retail companies and chains planning to enter the German market. Our letting experience assures national brands, local heroes and independent concepts fertile ground for targeting various market groups. Horsch Schuhe 7 for all mankind s.Oliver Le Salon Deluxe NapaPIjri Dean & David People who don’t have a standard shoe size have a hard time finding shoes. Feet smaller than size 37 or larger than size 44 are often hard to fit in normal shoe stores. Schuhaus Georg Horsch recognized this problem – and solved with a good feeling for fashion. He stocks smaller or larger shoes made by fine Italian designers - because fashion is not a question of size. This premium denim label is inseparable from the place it originated: Los Angeles, city of angels, of glamour and of progressive fashion statements. The lifestyle brand was founded at the beginning of the new century and today stands for anything from casual to high fashion. The product range of the continuously growing brand includes fashion for women, men and children, as well as sportswear, handbags and shoes. Mod ern classics and visionary fashions are united in the Stuttgart store also. It just fits: one of the most prestigious addresses in the City, Königstrasse 1, is h o m e to o n e of th e m o st p o p u l a r German casual wear brands. The flagship store, on 1,250 square meters, stands for the brand and the target aud ience. The Rottendorf fashion comp any’s formula for success: fashion for everyone, everyday, in every situation. With 240 of its own stores, 300 stores with partners, 2,559 shops and 3,281 spaces, this manufacturer is also well positioned in the rest of Germany and internationally. The name of this beauty salon says it all: deluxe is both technical competence as well as service and design. The cust omer can relax with a cool drink in the light loft environment, while his or her hair is being spoiled. If a good cut is not enough, there is plenty more to offer. Other services provided by this five star hairdresser include hair diagnosis, aromatherapy and make up workshops. This salon is following the industry trend toward beauty centers. Napapijri is at home all over the world. This becomes apparent immediately when you realize that the company with the Finnish name (meaning northern Polar Circle) and Norwegian flag is act ually from Italy. Originally a manufact urer of ski clothing, the company has since become an established brand in the outdoor lifestyle segment. The 170 square meter flagship store covering two floors in a prime Stuttgart location conveys this brand image. Dean & David – two names, one mis sion: fresh food without compromise. The success story of this young comp any began in Munich in 2007. The business concept is so simple it is ingenious: healthy and creative fast food for a nutritionally conscious generation – and that in a chic environment. The Stuttgart branch speaks clearly: a light and airy interior, Scandinavian designer furniture and urban coolness create a cosmopolitan setting for a healthy lunch. EberhardstraSSe 12 StiftstraSSe 5 KönigstraSSe 1 KronenstraSSe 32 KirchstraSSe 14 Calwer StraSSe 60 69 70 Real Estate Report Retail Letting Colliers Bräutigam & Krämer Letting Bäckerei Katz Rossmann Adidas NEO Maercklin C. F. Braun Bree Peak Performance The top company goal is a promise at the same time: “we only sell what we make ourselves”. That’s the family creed. You can taste the high quality ingredients from local farmers and millers in the products. Anything else would be a surprise from a company that has been making high quality baked goods since 1899 despite the tough compet ition today in an industry flooded with factory-baked goods and factory-made dough baked in a retail location. Quality stands its ground – especially when the recipes are passed down from genera tion to generation. Numbers sometimes say more than words: Rossmann drugstores are now 2,531 in number and are present in six European countries. 31,000 employees are there to provide the perfect shopping environment. In Germany there are 1,600 branches alone – tendency rising. In an average store of 450 square met ers, the company offers product range of more than 17,500 articles. That makes the 1.2 million daily customers very happy. These stores are already popular meeting places in India and China: Adidas NEO has 1,000 stores in Asia. The retailer made its jump to Europe, opening its first branches in Germany, in early 2012. The Stuttgart store opened in April 2012. Target group: fashion conscious teenagers. Adidas NEO is cool and relaxed. Instead of running shoes and sweat suits, you find relaxing street clothes and hip accessories. Presentation: a playground for digital natives. Interactive mirrors and text message controlled lighting are all part of the new-age shopping experience. For more than 250 years Maercklin C. F. Braun has sold everything to make house a home – from good porcelain to furnishings. The Company’s history is proof that home is where the heart is. Maercklin is one of the ten oldest companies in Stuttgart. Service and q u a l i t y w e re a l w a y s a m o n g t h e company’s most important business principles. Only one thing has changed: back then the king was customer, today the customer is king. The secret to the contents of a handbag is the source of many a legend or myth. This is only one indication that a handbag is much more than an everyday helper. It is a status symbol and lifestyle statement. And perhaps after the dog, the best friend to man – with a literally carrying element in our lives. The family run company Bree, based in Isenhagen, has made it their business to understand how to perfect beautiful objects through the unification of material, col or, function and form – to keep the myth of the handbag going. Why doesn’t anyone make the clothes we want to wear? This is the simple question that led three avid skiers from Sweden to create their own brand of ski clothing in 1986. Their principle: sports clothing has to be functional, but with style please! These days other outdoor sports enthusiasts can also find clothing at Peak Performance so they can carry out their favorite hobby in style. The Stuttgart store, which opened in June 2012, has an extra service delicacy – a 3D scanner to ensure that ski boots have the perfect fit. Schulstrasse 17 Postquartier Königstrasse 3 MarkstraSSe 6-8 Calwer StraSSe 18 LautenschlagerstraSSe 4 71 72 Real Estate Report Retail Letting Colliers Bräutigam & Krämer Letting Ligne Roset Constantine JEWELLERY Friseur Stylecode BolzstraSSe 6 Postquartier Conrad Electronic Detlev Louis H&M Woman Ligne Rose international (the only French manufacturer of designer furniture with its own distribution channel) is a market leader in modern interior furnishings. The foundations for their business concept are production quality and creativity at all steps in the business cycle – from design to sale. The company, which was founded in 1860, works with more than 70 architects and designers from all over the world. Ligne Roset is a symbol for an elegant way of life and beautiful design. Joy in giving. No matter whether giving to others or to ourselves. Be it pend ants, rings, earrings, necklaces, cufflinks or bracelets: Constantine Jewelers is a synonym for pamper or indulge. The jeweler from Echterdingen has a Stuttgart store at a prominent location on the Marktplatz. The 32 square meter store is a real jewelry box containing selected collections as well as unique pieces. They all are meant to spoil jewelr y fans and lovers alike with their quality and style. Wash, cut, roll. The old service portfolio from Grandma’s times is not enough for today’s fashion conscious hair clientele. Stylecode gives customers what they want. Whether you want a trendy haircut, make up, clothing or accessories – the Stuttgart hairdresser has variety. The whole experience is completed with drinks, music and interactive entertainment. The internationally renowned artist EL BOCHO (from Berlin) designed the walls of the store on Bolzstrasse with street art. The world of electronics is not always easy to see through. Customers need a dependable navigator to find their way through this ever-changing territory. A computer is no longer just a computer. It is a game console, camera, book, magazine and much more. What do I need? Which computer is the best? Conrad has long proven to be the leader in the world of chips and motherboards that can best get both demanding electronics fans and careful amateurs to their technological goal. No wonder that IT fans love the multimedia shopping paradise on 2,800 square meters. Detlev Louis GmbH is a company with a more than 70-year tradition of selling motorcycle and moped clothing and accessories. The European market leader serves bikers from all over southern Germany in their GIGA store on 2,041 square meters. The extensive collection lures shoppers into staying all day. The relaxation area invites customers to mingle and talk shop while a care sta tion is available for cleaning helmets and visors. There is even a ladies corner and a communication center. 2,500 stores in 44 countries say it all. H&M is the undisputed retail king for price conscious fashionistas and trendsetters. The Swedish company found its biggest market in Germany and is expanding fast. There are four stores on Königstrasse alone – all very busy. H&M Woman at Königstrasse 3 makes a feminine statement: a prime location for a fresh target group specific line of clothing. AugustenstraSSe 1 Marktplatz 5 FriedrichstraSSe 10 KönigstraSSe 3 73 74 Colliers Baden-württemberg Germany worldwide SUCCESS UNLIMITED Colliers Bräutigam & Krämer is involved far beyond the Stuttgart city limits. Our project development and letting expertise is in demand throughout the metropolitan region. As a member of the worldwide leader Colliers International we can benefit from synergy effects and the experience of our six independent, closely-knit partner firms in Germany as well as 522 offices in 62 countries. We can be a valuable resource and partner for businesses both across Germany and throughout the world. 76 Real Estate Report Retail Colliers Baden-Württemberg Colliers Bräutigam & Krämer Colliers Baden-Württemberg Das ES! COLLIERS BRÄUTIGAM & KRÄMER IN BADEN-WÜRTTEMBERG Berliner StraSSe, Esslingen Southwestern Germany is one of the wealthiest regions in Germany and in Europe; Baden-Württemberg is the leader among the German states with above average per capita income, relatively low unemployment and financial strength. It’s no wonder that the retail industry in the whole region is flourishing. Another indication of this strength, is the continuing growth of people working in retail businesses. Hecht-Carré Königstrasse, Tuttlingen All roads lead to the Hecht-Carré. In this case it is not an exaggeration, the shopping center is strategically placed near the central Marktplatz in Tutt lingen. After a “Sleeping Beauty” sleep, the location was kissed awake in 2010 by renovation and refurbishment including the façade and in creased retail space. The project, run by Colliers Bräutigam & Krämer, was successful fast: the new layout was a big improvement for the retailers. Top tenants like H&M and Tally Weijl moved in. T h e l a r g e s t s h o p p i n g c e n te r i n Esslingen was built on the former post office site between downtown and the main station: Das ES! The plan from the beginning was to create a mall in the city center instead of outside the city limits. Colliers Bräutigam & Krämer was responsible for overall project planning, letting the 22,100 square meters of retail and office space as well as the sale to the end investor. Neighboring building sites were consolidated to enable construction begin. Retail segment and product selection were analyzed to achieve the best variety. Both local businesses and branch concepts were realized. More than 23 retailers, a group of doctors and various services make up an integrated concept that has changed Bahnhofstrasse to a prime location. Usage: Shopping center, office Total Space: 13,500 m 2 Retail Space: 13,500 m2 ARCHITEcTs: KBK Architekten, Belz, Kucher, Lutz, Stuttgart Completion: 2002 Usage: Office, restaurant and retail Total space: 38,000 m2 Retail Space: 2,500 m2 ARCHITEcTs: Wöhr Heugenhauser Architekten Kocherquartier Completion: 2011 Dietrich-Bonhoeffer-Platz, Schwäbisch Hall Am Fischbrunnen / MarktstraSSe A former jail site is home to a city shopping complex that was structur ally integrated into the historic old town. The new center has a total of 18,000 square meters of space for retail (11,000 square meters), service, education and apartments. The exist ing retailers were further strengthen ed by the acquision of an additional 22 brands including Douglas Parfümerie, G err y Web er, Dep ot, Vero M o da , Ludwig Görtz, Tom Tailor, Esprit, Telekom, Bonita und Rewe City Markt. The results speak for themselves; ten percent more visitor traffic after only ten months. Plochingen Lo c ate d in th e dire c t vicinit y of Hundertwasser’s Rainbow Tower, this property on Marktstrasse 2 brings everyday things together. Colliers Bräutigam & Krämer planned the layout, a second entrance, a retail store passageway and was also responsible for letting. Anchor tenant in the retail space of 1,500 square meters is Müller Drogeriemarkt. This is revitali zation with success. The cityscape and everyday living were enriched and purchasing power captured. Usage : Residential, restaurant, retail Usage: Shopping center, office Retail Space: 11,000 m2 Total space: 18,000 m2 Total Space: 5,000 m 2 ARCHITEcTs: Flender & Drobig, Retail Space: 3,300 m 2 Kraft + Kraft Architekten ARCHITEcTs: Michelgroup Completion: 2011 Completion: 2002 77 78 Real Estate Report Colliers Baden-Württemberg Colliers Bräutigam & Krämer Colliers Baden-Württemberg Bursen-Galerie Westarkaden Berliner Allee, Freiburg BertoldstraSSe/Kaiserjoseph-strasse, Freiburg Living and shopping in the same place – a dream for shopping fans. The city development Westarkaden combines apartments and commercial space for services, restaurants and retail in four building blocks. A parking garage with 400 free parking spots completes the concept. Also good for private invest ors: the mix of residential and retail in this growing region is an attractive combination of security and yield. Colliers Bräutigam & Krämer advised the project developer Peter Unmüssig during planning and letting. The middle high German word “burso” means cash register or wallet. The name of the retail store passageway in the historic “Bursengang” couldn’t be more fitting. The existing shopping center bearing the same name had been unchanged since the 1950s. It was time for something new. Colliers Bräutigam & Krämer planned the space layout for optimum retail use. The Bursen-Galerie began a promising new futue wirth an updated façade an d n ew image. Tenants in clu de Roland (shoes), Lush and I AM. Usage: Office, residential, retail Usage: Shopping Center, office Total space: 10,900 m 2 Total space: 5,300 m 2 Retail Space: 1,300 m 2 Retail Space: 1,800 m 2 ARCHITEcTs: Freitag Kaltenbach und Partner ARCHITEcTs: Horbach Architekten Project developer: Unmüssig Bauträger- Completion: 2011 gesellschaft Baden mbH Completion: 2012 Quartier Unterlinden kaiser-joseph-straSSe 192 Freiburg It is a jewel that the Munich architect Wolfram Wöhr drafted on the location of one of the first colonial department stores in the city. The façade interprets original elements: a playful use of form and movement with the arcades so typical of Freiburg, here gen erously executed. Colliers Bräutigam & Krämer advised the client with respect to the layout of the 2,100 square meters of retail space on four levels. The result was optimum space productivity with a first-class user mix: Thalia (Douglas Gruppe) and Promod. Fahnenbergplatz, Freiburg The project Unterlinden enabled the owner, Sparkasse Freiburg, to en hance the value of downtown Freiburg and simultaneously close one of the last gaps in this area. The complex unites workspace and retail with sophisticated architecture. Colliers Bräutigam & Krämer helped the client achieve a retail mix with companies like Rewe, Alnatura, Das Depot, Max Menswear und Lisa Moden. In addition th e re a re res ta ura nts – s u ch a s Vapiano – and a fitness center. The shopping center has become a popular place to be in Freiburg. Usage: Office, restaurant, retail Total space: 38,000 m 2 Usage: Office, retail retail space: 7,500 m 2 Total space: 4,000 m 2 ARCHITEcTs: Wöhr Heugenhauser Architekten Retail space: 3,000 m 2 Project developer: Unmüssig ARCHITEcTs: Wöhr Heugenhauser Architekten Bauträgergesellschaft Baden mbH Project developer: Unmüssig Bauträger- Completion: 2011 gesellschaft Baden mbH Completion: 2013 79 80 Real Estate Report Retail Colliers Germany Colliers Bräutigam & Krämer Colliers worldwide COLLIERS Germany COLLIERS Worldwide Colliers Germany is a network of five legally independent, regional real estate consulting leaders united in one brand. Coporate Solutions, Real Estate Valuation, Property & Asset Management Hotel Broker and Consulting complete our product palette. Through the consistent bundling of core competence and teamwork with 120 cooperation partners we are a powerful business partner ready to serve you all across Germany. 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Legal Disclaimer Michael BrÄutigam Dipl.-Betriebswirt (FH) Managing Director +49 (0)711 22733-11 [email protected] Silvia Bunthoff M.A. Wirtschaftsgeographie Retail Consultant +49 (0)711 22733-94 [email protected] JÜRGEN TRACK Dipl.-Betriebswirt (FH) Immobilienökonom (ebs) Partner, Project Development/Investment +49 (0)711 22733-15 [email protected] PhilipP NOTHDURFT Diplom-Ingenieur Retail Consultant +49 (0)711 22733-26 [email protected] FALKO STREBER Dipl.-Betriebswirt (FH) Partner, Team Leader Retail +49 (0)711 22733-23 [email protected] Publisher Art Director Colliers Bräutigam & Krämer GmbH Thorsten-Alexander Karl Königstraße 5, 70173 Stuttgart, www.colliers.de Graphics Carolin Lintl, Corinna Sahm, Concept and Realization Mitarbeit: Sophie-Theres Müller, Tim Richter Blocher Blocher View GmbH & Co. KG PATRICIA KARWATH Dipl.-Mathematikerin Partner, Retail Consultant +49 (0)711 22733-14 [email protected] Herdweg 19, 70174 Stuttgart Photos www.blocherblocher.com Klaus Mellenthin, Marc Weigert, Thomas Pressel, Michael Bamberger, Michael Weber, Florian Selig, Editor in Chief Arne Hartenburg, Matthes Schrof Angela Kreutz Renderings Managing Editor Aldinger & Wolf Visualisierungen, Bülow AG, Michael Mirwald Behnisch Architekten, E. Breuninger GmbH & Co, Fürst Developments GmbH, wwa Architekten Editor All rights reserved. Reproduction, even partial, only with Blocher Blocher View Digital Print Setting written permission of the publisher and must include Colliers Bräutigam & Krämer ReproMayer GmbH & Co. KG source information referring to „Colliers Bräutigam & Proof Reader Print and Production in this publication has been prepared to the best of Michael Raeke, Laura Hackelöer RöslerDruck GmbH our knowledge but we are not responsible for its content. Krämer - Real Estate Report Retail 2013“. All information www.colliers.com