RETAIL PARKS BULGARIA - Colliers International

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RETAIL PARKS BULGARIA - Colliers International
RETAIL PARKS
BULGARIA
2020
RETAIL PARKS BULGARIA - Colliers International
RETAIL PARKS | CEE
                                                  CZECH REPUBLIC                                                                               POLAND                             POLAND
                                  1                  1,480,000                                                                                                      1             2,150,000
                                  2                   140,000                                                                                     Warsaw            2             400,000
                                  3                    8 - 12                                                                                                       3               8 - 12
                                       CCC, Deichmann, dm drogerie, JYSK,                                                                                                   Aldi, Carrefour, CCC,
                                  4   Kaufland, KiK, Lidl, OKAY, Penny Market,                                                                                             Deichmann, JYSK, KiK,
                                                                                                                                                                    4    Media Expert, Martes Sport,
                                       Pepco, Pet Center, Sportisimo, Takko
                                                                                                                                                                            Neonet, Pepco, Tedi
                                           TK Development, Saller Gruppe, CPI,
                                                                                                            Prague                                                        Saller, Trei, Immofinanz,
                                  5       Immofinanz, Trei Real Estate, Intercora,
                                                                                                                                                                          Karuzela Holding/Mitiska
                                                       KPD Group
                                                                                                          CZECH REPUBLIC                                            5    Reim, Capital Park, Budrem,                    ROMANIA
                                                                                                                                                                         Napollo, KG Group, Dekada
                                                                                                                                                                                                       1                1,160,000
                                                     SLOVAKIA
                                                                                                                                       SLOVAKIA                                                        2                 373,000
                                      1               554,400
                                                                                                                                Bratislava                                                             3                   7 - 15
                                      2               125,400
                                      3                8-9                                                                                                                                                 Carefour, C&A, CCC, Deichmann,
                                                                                               HUNGARY                                                                                                 4   H&M, Intersport, JYSK, Kaufland,
                                              dm drogerie, Dracik, JYSK,                                                            Budapest
                                                                                                                                                                                                              Pepco, Sportisimo, Takko
                                      4       Kaufland, KiK, Lidl, Pepco,       1               560,000
                                                                                                                                    HUNGARY                                                                     Cora, Ceetrus, Mitiska Reim,
                                             Pet Center, Super Zoo, Tesco       2                93,000                                                                                                5       NEPI Rockcastle, Prime Kapital
                                             Discovery Group, FORESPO,          3                6 - 12
                                                                                                                                                                        ROMANIA
                                                  Immofinanz, NEPI                         Aldi, Brendon, C&A,
                                      5      Rockcastle, SPD spol, Tatra                 dm drogerie, Decathlon,
                                                 Asset Management               4        Deichmann, Diego, JYSK,
                                                                                          KiK, New Yorker, Takko                                    Belgrade
                                                                                                                                                                                    Bucharest
               COUNTRY                                                          5        Diófa, Revetas, Immofinanz                                                                                                      BULGARIA
                                                                                                                                                                                                           1              174,600
    1   NATIONWIDE STOCK (SQM)                                                                                 SERBIA                                      SERBIA
                                                                                                                                                                                                           2               65,500
    2   CAPITAL STOCK (SQM)                                                          1                         414,550
                                                                                                                                                                                                           3               6 - 10
                                                                                     2                          91,200
        TYPICAL RENTS                                                                                                                                                                                            Billa, dm drogerie, Decathlon,
    3                                                                                3                           5-12                                                                                             JYSK, LC Waikiki, Lidl, KiK,
        (EUR/ SQM/ MONTH)                                                                                                                                                BULGARIA                          4      MatStar, Praktiker, Pepco,
                                                                                            JYSK, Jumbo, LC Waikiki, Takko, Extreme Intimo,                                                                             Sport Depot, Zora
    4   MOST COMMON TENANTS                                                          4      Decathlon, Pet Centar, dm drogerie, Deichmann,                                                                          Bluehouse Capital, Gazit
                                                                                               Univerexport, Dexy Co Kids, Gigatron, DIS                                                                          Globe Group, Prime Leasing,
    5   MAIN DEVELOPERS/ OWNERS
                                                                                                                                                                                                           5        Trinity Capital, Praktiker
                                                                                             BIG CEE, Immofinanz, Mivne Group, Aviv Arlon,
                                                                                     5                       RC Europe
                                                                                                                                                                                                                             Bulgaria
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RETAIL SPACE IN RETAIL PARKS
    PER 1,000 INHABITANTS                                                                 POLAND

                                                                                             Warsaw
    NATIONWIDE DENSITY                                                                                         POLAND        56
      CAPITAL DENSITY                                                                                          WARSAW        227

                                                           Prague
                         CZECH REPUBLIC   139
                                                       CZECH REPUBLIC
                             PRAGUE       106

                                                                                  SLOVAKIA
                                                 SLOVAKIA      102         Bratislava
                                                BRATISLAVA     292

                                                                               Budapest

                                                HUNGARY       57               HUNGARY                                                   ROMANIA      62
                                                BUDAPEST      53                                                                        BUCHAREST     198
                                                                                                                ROMANIA

                                                                                               Belgrade
                                                                                                                            Bucharest

                                                                     SERBIA      60                   SERBIA
                                                                    BELGRADE     78

                                                                                                                                           BULGARIA         25
                                                                                                                 BULGARIA                    SOFIA          52

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RETAIL PARKS | BULGARIA

                                                                                                                                             TOTAL STOCK

                                                                    Ruse
                                                                      >100,000
                                                                                                     Dobrich
                                                                                                       >80,000
                                                                                                                                174,600 SQM
          Montana                        Pleven                                                                     1
            >30,000                        ~100,000                       Razgrad                   Varna
              1                                         Veliko Tarnovo      ~30,000                   >100,000
                            Vratsa                                                                                            NUMBER OF
                                                                                                                                                               VACANCY
                              >50,000                     ~70,000                      1                  2                   PROJECTS

                                                                                                                                                               7%
            Kostinbrod                                         1                  Shumen

             1
              80,000
                                                                                    >70,000

                                                                                       Burgas
                                                                                                                                15
                           > 100,000
                    3                  Pazardzhik                                        >100,000
       Kyustendil                        ~70,000                              2
                                                                              Yambol                                            RENTS                           UNDER
       >30,000                              4                                   ~70,000                                                                      CONSTRUCTION
                 1 Dupnitsa
                                                                                                                            6-10¤
                                          Plovdiv       Haskovo                                                                                                PROJECTS
                        ~30,000             >100,000      ~70,000
              1
            Blagoevgrad
               >50,000
                                                           1
                                                                                   existing
                                                                                                                             /SQM/ MONTH                         4
                                                                                   under construction
                                                       Kardjali                    potential city
                                                         >40,000                                                            SERVICE CHARGE                 LOCAL DEVELOPERS/
                                                                                                                                                                OWNERS

                                                                                                                           1.0-1.5¤                           89%
                                                                                     Source: NSI, Colliers International
                                                                                                                             /SQM/ MONTH
4
RETAIL PARKS | BULGARIA

                                                            CATEGORIES DISTRIBUTION
                            INTERNATIONAL
                            OPERATOR/ FRANCHISE

                                                            FURNUTURE           FASHION            SUPERMARKET               CHILDREN &                 ELECTRONICS
                           9%                                  & DIY                                                         MATERNITY                       8%
                                                              39%                10%                     9%                       7%

    LOCAL OPERATOR   40%
                                                             SPORTS             HEALTH &               SERVICES            SHOES & BAGS            CAFÉ, RESTAURANTS
                                                            EQUIPMENT            BEAUTY                                                               & FAST FOOD
                                         INTERNATIONAL
                                51%      OPERATOR/ DIRECT     6%                  3%                     3%                       2%                         2%

                                                                        HOME               ZOO STORE          ENTERTAINMENT                 VACANT
                                                                        DÉCOR                                   & LEISURE
                                                                         1%                   1%                     1%                       7%

                                                                                                       *A Retail Park is defined as a purpose-built development with at least three
                                                                                                       units covering 2,000 sqm or more of lettable floorspace, with centralized
                                                                                                       management and an ample car park environment.
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RETAIL PARKS | BULGARIA

    DISTRIBUTION                               < 5,000 sqm
                                                                                          STRUCTURE OF AVAILABLE SPACE
    BY SIZE                                         8%
                                                    N=4

                                                                                                                      < 500 sqm
                   > 15,001 sqm    58%                         34%   5,001 - 15,000 sqm
                                   N=4                         N=7                                                       7%

                                                                                                                                  501–1,000 sqm
                                                                                                                                      25%
    DISTRIBUTION                               < 5 tenants                                         > 1001 sqm
                                                                                                     68%
    BY NUMBER                                    7%

    OF TENANTS
                    > 11 tenants         55%                 39%     6-10 tenants

                                                                                                                *A Retail Park is defined as a purpose-built development with at least three
                                                                                                                units covering 2,000 sqm or more of lettable floorspace, with centralized
                                                                                                                management and an ample car park environment.
6
RETAIL PARKS | BULGARIA

      TYPICAL TENANT MIX BY CATEGORY                         TOP 5 RETAIL PARKS BY SIZE

            SUPERMARKET                Name                   Investor             GLA (m2)   Number of tenants

                                       Jumbo Plaza            Trinity Capital      28,995            16
             ELECTRONICS
                                       Retail Park Plovdiv    Prime Leasing        26,439            12
           FURNITURE & DIY
                                       Retail Park Sredetz    Prime Leasing        25,743            7

               FASHION                                        CBA Property
                                       Retail Park
                                                              Investments /        20,086            13
                                       Veliko Tarnovo
          HEALTH & BEAUTY                                     Praktiker Bulgaria

              ZOO STORE                Retail Park Varna      Bluehouse Capital     14,866           10

7
RETAIL PARK YAMBOL
Symbol of modern lifestyle and prosperity,      Retail Park Yambol is a modern shopping format, developed              TENANTS
contributing to the social life, business and   by Trade Center Yambol. The total size of the complex is
                                                33,592 sqm and includes a supermarket, 10 shops, dining
economy of the city of Yambol                                                                                            Lidl
                                                places, children playground and summer garden.
                                                The official opening of Retail Park Yambol is scheduled for
                                                November 2020.                                                           dm

                                                                                                                    LC Waikiki
                                                LOCATION
                                                                                                                         KiK
                                                Retail Park Yambol has a central location in the city of
                                                Yambol. The investor has built a bridge over Tundzha                 Mat Star
                                                river to connect the complex with the main arterial road
                                                of the city and facilitate the passage of residents from two
                                                of the main city neighbourhoods. Customers from the
                                                                                                               CONTACT
                                                surrounding cities, such as Burgas, Stara Zagora, Sliven are
                                                                                                               Trade Center Yambol
                                                also expected to be attracted to visit Retail Park Yambol.     15, Dragoman Street,
                                                                                                               Office 3, Sliven
                                                                                                               tel. 0885 90 38
FOR MORE INFORMATION

Dimitrinka Rakovska                                                          Adriana Toncheva
Manager | Retail Services                                                    Senior Market Researcher
phone: +359 2 976 9 976                                                      phone: +359 2 976 9 976
dimitrinka.rakovska@colliers.com                                             adriana.toncheva@colliers.com

retailmap.bg                                                                                                 Colliers International | Sofia
                                                                                                             European Trade Center
                                                                                                             115K Tsarigradsko Shose Blvd.
                                                                                                             Build. B, 7th floor | 1784 Sofia
                                                                                                             phone: +359 2 976 9 976
The information contained herein has been obtained from sources deemed reliable. While every
reasonable effort has been made to ensure its accuracy, we cannot guarantee it. No responsibility is
assumed for any inaccuracies. Readers are encouraged to consult their professional advisors prior to         colliers.com
acting on any of the material contained in this report.
                                                                                                                 Colliers International | Bulgaria
Copyright © 2020 Colliers International.
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