Shopping centres in Central Europe 2008

Table of contents:

1. Methodology

2. Executive summary

3. Social and macroeconomic overview

• Demographics
• Economic growth
• Labour market and purchasing power
• Retail sales 2004-2009

4. Comparative analysis of shopping centre market in Central Europe

• 2008-2009: Shopping centre construction boom
• Market size 2007-2009
• GLA in Central Europe
• Number of shopping schemes in Central Europe
• Composition of existing Central European GLA and number of schemes by country
• GLA growth by 2009 by country in Central Europe
• GLA per 1,000 inhabitants by country in Central Europe
• Development drivers
• Rising incomes
• Increasing consumer spending
• Improving retail sales and strong demand for retail space
• Expansion of large multinational grocery retailers
• Demand for convenience
• Demand for a more diverse and larger range of goods
• Market trends
• Low vacancy rates and expansion to regional towns
• Steady increase in rents
• Development of superior, specialist and innovative forms of shopping centres
• New generations of shopping centres
• New brands on the market following the development of shopping centres
• Yield compression slowdown
• Shopping centre investment deals
• Major developers in Central Europe
• Largest shopping centres in Central Europe
• Development forecasts up to 2011

• Country profiles

• Poland
• Demographics
• Macroeconomics overview
• Retail industry overview
• Shopping centre market overview 2007-2009
• Largest shopping centres: existing and in the pipeline, H2 2008-2011
• Profiles of prominent developers, investors and contracts
• Shopping centre space saturation analysis H1 2008-2011: largest cities
• Czech Republic
• Demographics
• Macroeconomic overview
• Retail industry overview
• Shopping centre market overview 2007-2009
• Shopping centre space saturation analysis H1 2008-2011: largest cities
• Profiles of prominent developers, investors and contracts
• Shopping centre space saturation analysis H1 2008-2011: largest cities
• Slovakia
• Demographics
• Macroeconomic overview
• Retail industry overview
• Shopping centre market overview 2007-2009
• Largest shopping centres: existing and in the pipeline, H2 2008-2011
• Profiles of prominent developers, investors and contracts
• Shopping centre space saturation analysis H1 2008-2011: largest cities
• Hungary
• Demographics
• Macroeconomic overview
• Retail industry overview
• Shopping centre market overview 2007-2009
• Largest shopping centres: existing and in the pipeline, H2 2008-2011
• Profiles of prominent developers, investors and contracts
• Shopping centre space saturation analysis H1 2008-2011: largest cities
• Romania
• Demographics
• Macroeconomic overview
• Retail industry overview
• Shopping centre market overview 2007-2009
• Largest shopping centres: existing and in the pipeline, H2 2008-2011
• Profiles of prominent developers, investors and contracts
• Shopping centre space saturation analysis H1 2008-2011: largest cities
• Bulgaria
• Demographics
• Macroeconomic overview
• Retail industry overview
• Shopping centre market overview 2007-2009
• Largest shopping centres: existing and in the pipeline, H2 2008-2011
• Profiles of prominent developers, investors and contracts
• Shopping centre space saturation analysis H1 2008-2011: largest cities
• List of graphs
• List of tables
• About PMR
• Contact PMR

List of graphs and Tables:

List of graphs

1. Central European countries covered by the report
2. Total shopping centre GLA in Central Europe (m2), 1995-2009
3. Total GLA of shopping centres (m m2), their number and average size (m2) in the countries of Central Europe, 2007
4. Total and new shopping centre GLA in Central Europe (m m2), 2008-2011
5. Shopping centre GLA (m m2) in individual Central European countries: existing and in the pipeline, 2007 and 2008-2011
6. Distribution of population of Central European countries (million, %), 2007
7. Population living in urban areas in Central European countries (%), 2007
8. Number of large cities in countries of Central Europe, 2007
9. Population of capitals of Central European countries (million and % of country’s total population), 2007
10. Populations of cities with more than 100,000 in Central European countries (million and % of country’s total population), 2007
11. Total GDP in Central European countries (€ bn), 2004-2009
12. GDP of Central European countries (€ bn, %), 2007
13. Real GDP growth in the Central European countries (%), 2004-2009
14. Inflation in the Central European countries (%), 2004-2009
15. Unemployment rates in Central European counries (annual average, %), 2004-2008
16. Per capita GDP PPS in Central European countries (EU27=100), 2004-2010
17. Value of retail trade in Central Europe (€ bn), 2004-2009
18. Retail sales in Central European countries (€ bn, %), 2007
19. Retail sales per capita in Central European countries (€), 2006-2007
20. Value of shopping centres to be launched in Central Europe as a whole and in individual countries (€ m) in 2008 and 2009 and y-o-y change (%), 2008-2009
21. Breakdown of shopping centre construction value in Central Europe by country (%), 2008-2009
22. GLA in Central Europe (m m2) and y-o-y change (%), 2007-2009
23. Total shopping centre GLA in Central Europe (m2), 1995-2009
24. Number of shopping centres in Central Europe, 2007-2009
25. Size (m2) and composition (%) of shopping centre GLA in operation in Central European countries, 2007
26. Number of shopping centres in Central Europe by country, 2007
27. Total GLA of shopping centres (m m2), their number and average size (m2) in the countries of Central Europe, 2007
28. Shopping centre GLA per 1,000 inhabitants in capitals of Central European countries, H1 2008 and 2011
29. Forecast shopping centre GLA growth rate by country in Central Europe (%), 2009/2007
30. Shopping centre GLA (m m2) in operation in 2007 and planned for 2008-2
31. in Central Europe, 2007-2009
32. Share of individual countries as a proportion of total Central European shopping centre GLA (%), 1995-2009
33. Composition of shopping centre supply in operation (GLA, m2) in Central European countries (%), 2007-2009
34. Shopping centre GLA/1,000 inhabitants in countries of Central Europe (m2), 2007-2009
35. Average monthly wages in Central European countries (€), 2004-2010
36. Average shopping centre GLA in countries of Central Europe (m2), H1 2008
37. Total number of shopping centres in Central Europe, 2007-2011
38. Number of shopping centres in individual Central European countries, 2007 and forecast for 2011
39. Shopping centre GLA (m m2) in individual Central European countries: existing and in the pipeline, 2007 and 2008-2011
40. Total and new shopping centre GLA in Central Europe (m m2), 2008-2011
41. Amount to be invested in shopping centres in the pipeline for a given year (€ m), 2008-2011
42. Average shopping centre size in individual Central European countries (m2), H1 2008 and 2011
43. Distribution of population in Poland (%), 2007
44. Unemployment rate in Poland (%), 2004-2008
45. Value of retail trade in Poland (€ bn), 2004-2010
46. Shopping centre GLA in total and newly added in Poland (m m2), 2000-2009
47. GLA in shopping centres in Poland by cities (%), H1 2008
48. Number and GLA (‘000 m2) of shopping centres in Warsaw, Poland, 1997-2011
49. Number and GLA (‘000 m2) in shopping centres in Lodz, Poland, 1998-2011
50. Number and GLA (‘000 m2) in shopping centres in Krakow, Poland, 1997-2011
51. Number and GLA (‘000 m2) in shopping centres in Wroclaw, Poland, 1998-2011
52. Number and GLA (‘000 m2) in shopping centres in Poznan, Poland, 1998-2011
53. Number and GLA (‘000 m2) in shopping centres in Gdansk, Poland, 1998-2011
54. GLA (m2) in shopping centres per 1,000 inhabitants in the largest cities of Poland, H1 2008
55. GLA in the pipeline in cities in Poland (%), H2 2008-2011
56. GLA (‘000 m2) in shopping centres in the largest cities in Poland, active in H1 2008 and planned for H2 2008-2011
57. GLA in shopping centres per 1,000 inhabitants (m2) in the largest Polish cities, 2011
58. Distribution of population in the Czech Republic (%), 2007
59. Unemployment rate in the Czech Republic (%), 2004-2008
60. Value of retail trade in the Czech Republic (€ bn), 2004-2010
61. GLA in shopping centres in the Czech Republic by cities (%), H1 2008
62. Number and GLA (‘000 m2) of shopping centres in Prague, the Czech Republic, 1997-2011
63. GLA (m2) in shopping centres per 1,000 inhabitants in the largest Czech cities, H1 2008
64. GLA in the pipeline in cities in the Czech Republic (%), H2 2008-2011
65. GLA (‘000 m2) in shopping centres in the largest cities in the Czech Republic, active in H1 2008 and planned for H2 2008-2011
66. GLA in shopping centres per 1,000 inhabitants (m2) in the largest cities of the Czech Republic, 2011
67. Distribution of population in Slovakia, 2007
68. Unemployment rate in Slovakia (%), 2004-2008
69. Value of retail trade in Slovakia (€ bn), 2004-2010
70. GLA in shopping centres in Slovakia by cities (%), H1 2008
71. Number and GLA (‘000 m2) of shopping centres in Bratislava, Slovakia, 2000-2011
72. Number and GLA (‘000 m2) of shopping centres in Kosice, Slovakia, 2001-2011
73. GLA (m2) in shopping centres per 1,000 inhabitants in the largest cities of Slovakia, H1 2008
74. GLA in the pipeline in cities in Slovakia (%), H2 2008-2011
75. GLA (‘000 m2) in shopping centres in the largest cities in Slovakia, active in H1 2008 and planned for H2 2008-2011
76. GLA in shopping centres per 1,000 inhabitants (m2) in the largest cities of Slovakia, 2011
77. Distribution of population in Hungary, 2007
78. Unemployment rate in Hungary (%), 2004-2008
79. Value of retail trade in Hungary (€ bn), 2004-2010
80. GLA in shopping centres in Hungary by cities (%), H1 2008
81. Number and GLA (‘000 m2) in shopping centres in Budapest, Hungary, 1997-2011
82. GLA (m2) in shopping centres per 1,000 inhabitants in the largest cities of Hungary, H1 2008
83. GLA in the pipeline in cities in Hungary (%), H2 2008-2011
84. GLA (‘000 m2) in shopping centres in the largest cities in Hungary, active in H1 2008 and planned for H2 2008-2011
85. GLA in shopping centres per 1,000 inhabitants (m2) in the largest cities of Hungary, 2011
86. Distribution of population in Romania, 2007
87. Unemployment rate in Romania (%), 2004-2008
88. Value of retail trade in Romania (€ bn), 2004-2010
89. GLA in shopping centres in Romania by cities (%), H1 2008
90. Number and GLA (‘000 m2) in shopping centres in Bucharest, Romania, 1997-2011
91. GLA (m2) in shopping centres per 1,000 inhabitants in the largest cities of Romania, H1 2008
92. GLA in the pipeline in cities in Romania (%), H2 2008-2011
93. GLA (‘000 m2) in shopping centres in the largest cities in Romania, active in H1 2008 and planned for H2 2008-2011
94. GLA in shopping centres per 1,000 inhabitants (m2) in the largest cities of Romania, 2011
95. Distribution of population in Bulgaria, 2007
96. Unemployment rate in Bulgaria (%), 2004-2008
97. Value of retail trade in Bulgaria (€ bn), 2004-2010
98. GLA in shopping centres in Bulgaria by cities (%), H1 2008
99. Number and GLA (‘000 m2) in shopping centres in Sofia, Bulgaria, 1999-2011
100. GLA (m2) in shopping centres per 1,000 inhabitants in the largest cities of Bulgaria, H1 2008
101. GLA in the pipeline in cities in Bulgaria (%), H2 2008-2011
102. GLA (‘000 m2) in shopping centres in the largest cities in Bulgaria, active in H1 2008 and planned for H2 2008-2011
103. GLA in shopping centres per 1,000 inhabitants (m2) in the largest cities of Romania, 2011

List of tables

1. Annual average exchange rates used for this report (euro to national currency unit), 2004-2010
2. Forecast number of shopping centres, their GLA (m m2) and growth in comparison with 2007 (%) in individual Central European countries, 2009
3. The largest shopping centres in the region, H1 2008
4. Top 15 cities in Central Europe by number of residents, 2007
5. Key data on first shopping centres opened in each Central European country, 1996-2008
6. Disposable household income in Central European countries (€ ‘000 per capita), 1995, 2005, 2016
7. Consumer spending per capita in Central European countries (€ ‘000), 1995, 2005, 2016
8. Value of retail sales in Central European countries (€ bn) in 2008 and y-o-y change (%), 2005-2009
9. Rental rates (per m2/month) in Central Europe, by country (€), 2007
10. Factory outlet centres in Poland, the Czech Republic and Hungary, H1 2008
11. Prime yields in Poland, the Czech Republic and Hungary (%), 2007
12. Prime yields in capital cities of Central European countries (%), Q4 2007
13. Countries where shopping centre investors in Central Europe completed major deals, by company, 2005-2008
14. Major shopping centre deals in Central Europe, 2005-H1 2008 59-
15. Presence of selected shopping centre developers in countries of Central Europe, H1 2008
16. The largest shopping centres in Central Europe, H1 2008
17. Number of new shopping centres in individual Central European countries, 2008-2011
18. New shopping centre GLA (m m2) in individual Central European countries, 2008-2011
19. Largest shopping centres to be developed in Central Europe, H1 2008-2011
20. Selected macroeconomic and retail market data of Poland, 2007-2008
21. Key data on shopping centre market in Poland, 2008-2009
22. Largest shopping centres in Poland, H1 2008 78-
23. The largest shopping centres in Poland launched or in the pipeline for 2008
24. Largest projects in the pipeline in Poland, H2 2008-2011
25. Prominent developers and investors in Poland, H1 2008 81-
26. Prominent contractors in Poland, H1 2008 84-
27. Examples of selected shopping centre construction deals on the Polish market (€ m), H1 2008
28. Shopping centres in the largest Polish cities, H1 2008
29. Per capita GDP in PPS in regions in which main cities of Poland are situated, 2005
30. Selected macroeconomic and retail market data of the Czech Republic, 2007-2008
31. Key data on shopping centre market in the Czech Republic, 2008-2009
32. Largest shopping centres in the Czech Republic, H1 2008
33. The largest shopping centres in the Czech Republic launched or in the pipeline for 2008
34. Largest projects in the pipeline in the Czech Republic, H2 2008-2011
35. Prominent developers and investors in the Czech Republic, H1 2008 101-
36. Prominent contractors in the Czech Republic, H1 2008
37. Shopping centres in the largest cities of the Czech Republic, H1 2008
38. Per capita GDP in PPS in regions in which the main cities of the Czech Republic are situated, 2005
39. Selected macroeconomic and retail market data of Slovakia, 2007-2008
40. Key data on shopping centre market in Slovakia, 2008-2009
41. Largest shopping centres in Slovakia, H1 2008
42. The largest shopping centres in Slovakia launched or in the pipeline for 2008
43. Largest projects in the pipeline in Slovakia, H2 2008-2011
44. Prominent developers and investors in Slovakia, H1 2008 116-
45. Prominent contractors in Slovakia, H1 2008
46. Shopping centres in the largest cities of Slovakia, H1 2008
47. Per capita GDP in PPS in regions in which the main cities of Slovakia are situated, 2005
48. Selected macroeconomic and retail market data of Hungary, 2007-2008
49. Key data on shopping centre market in Hungary, 2008-2009
50. Largest shopping centres in Hungary, H1 2008
51. The largest shopping centres in Hungary launched or in the pipeline for 2008
52. Largest projects in the pipeline in Hungary, H2 2008-2011
53. Prominent developers and investors in Hungary, H1 2008 130-
54. Prominent contractors in Hungary, H1 2008
55. Shopping centres in the largest Hungarian cities, H1 2008
56. Per capita GDP in PPS in regions in which main cities of Hungary are situated, 2005
57. Selected macroeconomic and retail market data of Romania, 2007-2008
58. Key data on shopping centre market in Romania, 2008-2009
59. Largest shopping centres in Romania, H1 2008
60. The largest shopping centres in Romania launched or in the pipeline for 2008
61. Largest projects in the pipeline in Romania, H2 2008-2011
62. Prominent developers and investors in Romania, H1 2008 144-
63. Prominent contractors in Romania, H1 2008
64. Shopping centres in the largest Romanian cities, H1 2008
65. Per capita GDP in PPS in regions in which the main cities of Romania are situated, 2005
66. Selected macroeconomic and retail market data of Bulgaria, 2007-2008
67. Key data on shopping centre market in Bulgaria, 2008-2009
68. Largest shopping centres in Bulgaria, H1 2008
69. The largest shopping centres in Bulgaria launched or in the pipeline for 2008
70. Largest projects in the pipeline in Bulgaria, H2 2008-2011
71. Prominent developers and investors in Bulgaria, H1 2008 160-
72. Prominent contractors in Bulgaria, H1 2008
73. Shopping centres in the largest Bulgarian cities, H1 2008
74. Per capita GDP in PPS in regions in which main cities of Bulgaria are situated, 2005 166

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