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ARE SHOPPING CENTERS WINNING AGAINST ON-STREET
SPACES?
21th of November 2012
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RETAIL MARKET OVERVIEW
Romanian modern retail stock continues the upward trend; Food
and fashion retailers are driving the current retail demand;
The main focus for food retailers is based on convenience stores
(Mega
Image – 165 shops, Lidl – 154 shops, Profi – 142 shops,
Carrefour Market – 60 shops, Penny Market – 130 shops, La doi Pasi
– 400 shops);
The expansion of large international retailers demonstrates
their
confidence and success in the country’s retail market (Inditex,
H&M, Deichmann, New Yorker, Takko, C&A, Decathlon);
New entries on the market: CCC, ODDGI, Clockhouse, Subway;
Bucharest still dominates the local market in terms of attraction
for
retailers that want to expand their network, followed especially
by large cities with over 200,000 inhabitants.
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RETAIL MARKET OVERVIEW
• RETAIL MARKET OVERVIEW MAJOR RETAIL INDICATORS Romania –
Modern
Retail Stock 2,723,000 sq m
Bucharest - Modern
Retail Stock 810,000 sq m
New Retail Projects
2012 215,500 sq m
Forecast Completions
2013 142,000 sq m
Prime Rent Bucharest
(On -Street) 60 euro/sq m/month
Prime Rent Bucharest
(Shopping Centres) 50 euro/sq m/month
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NEW RETAIL DEVELOPMENTS
Retail Schemes to be opened in 2012
Retail Scheme Surface Developer City
Palas Mall 55,000 sq m Iulius Group Iasi
Auchan City Crangasi 7,000 sq m Immochan Bucharest
Cora Bacau 18,500 sq m Romania Hypermarche Bacau
Ploiesti Shopping City 55,000 sq m Carrefour Property &
NEPI Ploiesti
InterCora Mihai Bravu 12,000 sq m InterCora Bucharest
Uvertura Mall 15,000 sq m Moldova Universal Botosani
Era Shopping Park (2nd
phase) 20,000 sq m Argo Capital Property Oradea
Cora Rahova 22,000 sq m Romania Hypermarche Bucharest
European Retail Park 26,000 sq m BelRom Deva
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HIGH STREET OVERVIEW
BUCHAREST HIGH STREET RENTS
Area Rent Level
(Euro/sqm/month)*
Calea Victoriei 50-60
Calea Dorobantilor 50-60
Bulevardul Magheru 50-60
Centrul Vechi 40-55
The current demand is driven by food operators and betting
agencies and casinos, while banks continue their cost-cutting
process and relocate or close several units;
The Old City Center remains the hot spot
for Bucharest café & restaurant segment and a very
attractive area for fashion retailers.
Prime locations are still representing expansion opportunities
for fashion retailers.
RENTS COUNTRYSIDE
CITY Rent Level
(Euro/sqm/month)*
BRASOV (Piata Sfatului -
Republicii Boulevard) 40-45
Sibiu (N. Balcescu)
Boulevard 40-45
Cluj Napoca (Piata Unirii) 35-45
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RETAILERS ‘ FOCUS
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RETAILERS’ FOCUS
EGO MEN’S CONCEPT STORE
LASCAR CATARGIU
BOULEVARD BUCHAREST
500 SQ M
DECEMBER 2012
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RETAILERS’ FOCUS
ZARA
N. BALCESCU
BOULEVARD SIBIU
1500 SQ M
MARCH 2012
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RETAILERS’ FOCUS
MASSIMO DUTTI
N. BALCESCU
BOULEVARD SIBIU
350 SQ M
JUNE 2012
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RETAILERS’ FOCUS
NISSA
ROMANA SQUARE
260 SQ M
JUNE 2010
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RETAILERS’ FOCUS
BSB
MAGHERU BOULEVARD
BUCHAREST
200 SQ M
OCTOBER 2012
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RETAILERS’ FOCUS
PROMENADE
N. TITULESCU BOULEVARD BUCHAREST
150 SQ M
AUGUST 2012
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RETAILERS' FOCUS
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RETAILERS’ FOCUS
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RETAILERS’ FOCUS
Prime high street locations remain a strong alternative for
fashion retailers no matter how many shopping
centers will be opened in the near future.
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THANK YOU!
MIHAELA PETRUESCU
Director
Head of Retail Division
CAPITAL PROPERTY ADVISORS Bucuresti – Romania; 31A, Amiral
Balescu St., district 1
T: +40 21 230 14 02; F: +40 21 230 14 12; M: +40 726 760
760;
[email protected]; http://www.cpadvisors.ro
mailto:[email protected]://www.cpadvisors.ro/http://www.cpadvisors.ro/
