PloiestiBrochure

8/2/2019 PloiestiBrochure

1/11

WesthillPloiesti

ROMANIA

A development by

A development by


2/11

Welcome to WesthillPloiestiWesthillPloiesti is designed to bring the ultimate Westerndestination experience to the new Romanian consumer.As Romania grows in wealth and sophistication, the opportunityfor retail increases. WesthillPloiesti is a modern destinationthat combines leading-edge design with retail, dining and

leisure facilities. Built to the highest European standards withsustainable materials, the centre comprises three fl oors plusa secure car park. The space is designed to create a naturalprogression through the shops to the dining and leisurezones above.

A developer funded marketing budget has been allocatedfor WesthillPloiestis launch and ongoing publicity.

at a glance

59,000 sqm of retail space Major International and National anchors 1 million catchment within an hours drive Leading-edge design from award-

winning international architects Multiplex cinema Bowling alley

Food court Multi-storey car park with direct access

to all levels of the centre


3/11

Ploeisti is situated within one of the most economically developedcounties of Romania, benefiting strongly from the short distanceto the capital, Bucharest. Although there is no available offi cialdata on the disposable incomes of Ploiestis population, it isestimated that Ploiestis inhabitants earn at least 10%-20%more than the county average, due to the citys high concentrationof foreign investments and its skilled labour force.

Ploiesti attracts much foreign direct investment; the biggestinternational companies include Coca Cola, Unilever, Timken,

Holcim, Johnson Controls, Interbrew, Calsonic Kansei, LukOil,Saint-Gobain and Yazaki.

Unemployment levels are lower than the national average andincome levels are also infl ated by supplementary income fromRomanians economically active abroad.

Income and investment

Ploiesti economic overview


4/11

SupermarketsConvenience goods is Ploiestis most established retailsector, involving major international players such asCarrefour, Kaufl, Metro, Selgros, Billa, Interex, Mega

Image, Profi and Penny Market. Further developmentprojects now in the pipeline include another hypermarketfrom Kaufl and three Plus discount units.

The high streetHigh street retail is concentrated downtown in

Ploiesti City along Republicii Blvd where all of the citysimportant national and international retail chains areconcentrated. The prime shopping area is fully let,and competition for space means rents are high.

Ploiestis shopping centre market is currentlyunderdeveloped, with just one major development.

Many international retailers are expected toenter the Romanian market in the near future.

Shopping centresPloiestis shopping centre market is currently underdeveloped,with just one major development, Grand Center. The scheme,located in the downtown area of Ploiesti, is the former state-

owned department store of the city, and has a letting areaof around 15,000m. Other developments include the smalldowntown Mercur Shopping Center, small galleries withreduced local impact and two medium-size unrefurbishedold-style centres.

Ploiesti market reviewRetaillandscape


5/11

Bucharest

RomaniaPloiesti

Targoviste

Buzu

Slobozia

Ialomita

Brila

Buzu

Prahova

s

Dmbovita

IlfovE81

E85

E60

A1

ALTEXM

EDIA

GALAXY

MAYR

MELNH

OFF

MOBEXPE

RT

CARREFOU

R PEU

GEOT

SKODA

METRO

PRAKTIK

ER

RENA

ULT

Westhill Site

BUCHAREST

PLOIESTI

BRASOV

BUZAU

DN1

B

DN1

DN1

Ploiesti is the administrative city of Prahova County, located in thesouthern part of Romania, approximately 50km from Bucharest.

With a registered population of 250,000 inhabitants (Census 2006),Ploiesti is Romanias ninth largest city and ranks second in southernRomania, after Bucharest, as a commercial and cultural centre.

Its relatively youthful population (a higher than average proportionof 15-59 year olds) and even gender split (47% male 53% female)categorise it as a dynamic city.Prahova County is Romanias most populated county with1 million people (Census 2006). It also has the highest countydensity in Romania of 176 inhabitants per km evenly distributed

between urban and rural areas.

The city ranks second in southernRomania, after Bucharest, as acommercial and cultural centre.

Our chosen location


6/11

WesthillPloiestitimeline

Applications for statutory permits April 2008Construction commencement June 2008Centre opening June 2010

Retail areaRetail area (sqm)

Main retail/F&B 36,230Furniture store 3,200Supermarket 5,060Leisure 9,685Food court/Restaurants 4,060External retail 570Overall total 58,805

Spaces

Multi-storey car park 2,400


7/11

WesthillPloiesti ground level fl oor plan


8/11

WesthillPloiesti fi rst level fl oor plan


9/11

WesthillPloiesti second level fl oor plan


10/11

Professional services

Design DevelopmentRecognised as one ofthe largest architectural

practices in the UK,Benoy enjoy aninternational, award-winning reputation, theyhave international officesin Hong Kong, Abu Dhabiand the UK and employ

over 300 staff. Theirbest-known UKdevelopments includeBluewater and theBirmingham Bullring.Benoy are involved ina range of projects

in Eastern Europe,including Romania,Poland, Ukraine,Slovakia, Bulgaria,

Turkey, Lithuaniaand Russia.

Cost ManagementGleeds has over120 years experience

in the property andconstruction industryand currently employsover 1,500 people in48 offi ces across 5continents, makingthem one of the worlds

leading managementand constructionconsultants.

Letting Agent andAsset ManagementCushman and Wakefield

are leading real estateadvisors. They assistclients in every stage ofthe real estate process,representing them inbuying, selling, financing,leasing, managing and

valuing of assets, andproviding strategicplanning and research,portfolio analysis, siteselection and spacelocation, among manyother advisory services.

Letting AgentKing Sturge LLP, basedin London, is one of the

largest internationalproperty consultantsin Europe (52 offi ces in17 countries), with acomprehensive networkof over 165 whollyowned and associated

offi ces throughout theworld, including AsiaPacifi c and North

America. With over3,800 staff throughoutthese offi ces, KingSturge covers property

and related services inthe commercial marketincluding industrial,offi ce and retail &leisure sectors.

EngineersWSP Group plc isa global business

providing managementand consultancyservices to the builtand natural environmentwith over 8,000 staffoperating in over 100offi ces around the

world. WSP operatesas a specialist in theproperty, environmental,transportation andinfrastructure sectorsproviding a full rangeof services from

planning through todesign, implementationand maintenance.


11/11

King SturgeBen Binns

T +40 (0) 213 115 444M +40 (0) 744 474 [email protected]

Mark ManneringT +40 (0) 213 115 444M +40 (0) 745 984 [email protected]

Cushman & WakefieldRamona Dirlea

T +40 (0) 214 080 300M +40 (0) 752 136 [email protected]

Andrei BirsanT +40 (0) 214 080 300M +40 (0) 745 122 [email protected]

Westhill RomaniaAndrei PanculescuT +40 (0) 21 310 42 [email protected]

Westhill UKMinesh Sheta

T +44 (0) 20 7491 7533

WesthillPloiesti contactswww.westhilluk.com/ploiesti.htmlFor further information, please contact one of our joint sole agents: Developed by:

The accuracy of any description, dimensions,

references to condition, necessary permissions foruse and occupation and other details contained herein

is not guaranteed and is for general guidance only

and prospective purchasers or tenants must not rely

on them as statements of fact of representations and

must satisfy themselves as to their accuracy. Neither

Westhill nor any of its employees or representatives

have any authority to make or give any representation

or warranty or enter into any contract whatever in

relation to WesthillPloiesti. Rents quoted in these

particulars may be subject to VAT in addition. The

reference to any mechanical or electrical equipment

or other facilities at the Property shall not constitute a

representation (unless otherwise stated) as to its state

or condition or that it is capable or fulfilling its intended

function. Prospective tenants/ purchasers should

satisfy themselves as to the fitness of such equipmentfor their requirements.

May 2008

Documents

PloiestiBrochure