Renewed rental growth, with prime rents increasing …...RESEARCH REPORTUkraine Part of the CBRE...
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RESEARCH REPORT Ukraine Part of the CBRE affiliate network Kyiv Retail Market, 2016 ©2017, Expandia LLC Retail Turnover +6.3% y-o-y Renewed rental growth, with prime rents increasing by 8% y-o-y ¹ Excluding the temporarily occupied territories, the Autonomous Republic of Crimea, the city of Sevastopol and part of the anti-terrorist operation zone. ² Includes organized retail sales only Source: Kyiv Statistics Office Figure 1: Kyiv Wages, Retail Turnover and Consumer Price Index (% change, y-o-y)¹ 1 Hot Topics Prime Vacancy 1% - 3% Prime Rents +8% y-o-y New Completions 168,000 sq m DEMAND 0 100 200 300 400 500 600 700 800 900 1000 (30) (20) (10) 0 10 20 30 40 50 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 USD % Average nominal wage Wages Retail turnover² CPI 2017 CBRE Ukraine Research
Transcript of Renewed rental growth, with prime rents increasing …...RESEARCH REPORTUkraine Part of the CBRE...
RESEARCH REPORT
UkrainePart of the CBRE affiliate network
Kyiv Retail Market, 2016
©2017, Expandia LLC
Retail Turnover+6.3% y-o-y
Renewed rental growth, withprime rents increasing by 8% y-o-y
¹ Excluding the temporarily occupied territories, the Autonomous Republic of Crimea, the city of Sevastopol and part of the anti-terrorist operation zone.² Includes organized retail sales onlySource: Kyiv Statistics Office
Figure 1: Kyiv Wages, Retail Turnover and Consumer Price Index (% change, y-o-y)¹
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Hot Topics
Prime Vacancy1% - 3%
Prime Rents+8% y-o-y
New Completions168,000 sq m
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2017 CBRE Ukraine Research
RESEARCH REPORT
UkrainePart of the CBRE affiliate network
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Source: CBRE Ukraine
Table 1: Kyiv Cross-Border Market Entry
2017 CBRE Ukraine Research ©2017, Expandia LLC
FASHION SPECIALIST CLOTHING & OTHER
Brand Entry location Brand Entry locationArmani Exchange Ocean Plaza Tezenis Ocean Plaza
Maje Ocean Plaza Calvin Klein Underwear Ocean Plaza
Uterqüe Gulliver Falke, Falke Kids Gulliver
Sandro Gulliver Intersport EpicenrK
Oblique Creations Ocean Plaza Ravin Jeans Ocean Plaza
Isabel Garcia Ocean Plaza Reima Ocean Plaza
Silvian Heach Ocean Plaza Elsy Gulliver
Hiltl Gulliver Rodenstock Gulliver
Potis & Verso Karavan Roeckl Gulliver
Atos Lombardini Gulliver Steiff Gulliver
FOOTWEAR HEALTH & BEAUTY
Brand Entry location Brand Entry locationConverse Ocean Plaza NYX Globus
Stuart Weitzman Mandarin Plaza Kiehl’s Gulliver
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Kyiv371Bratislava
888
Budapest535
Bucharest350
Prague595
Warsaw845
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Figure 2: Kyiv Shopping Center Stock
Table 2: Key shopping centers in pipeline as of Q4 2016
*- previously named as KIdealSource: CBRE Ukraine
F – forecast Source: CBRE Ukraine
# NAME Developer GLA, sq mCOMPLETION/
ANNOUNCED DELIVERY
1 Rive Gauche* (Phase I) Immochan Ukraine 20,500 2017
2 Retail Park Petrivka Immochan Ukraine 12,000 2017
3 Smart Plaza Polytech UDP 15,000 2017
4 Smart Plaza Obolon UDP 11,000 2017
5 River Mall Vilna Ukraina 56,000 2018-2019
6 Lukyanivka Arricano Real Estate 47,000 2018-2019
7 Rive Gauche (Phase II) Immochan Ukraine 50,000 2018-2019
8 Retroville Stolitsa Group 82,500 2018-2019
9 Blockbuster Mall Mandarin Plaza/Megaline 114,000 2018-2019
10 Ocean Mall Mandarin Plaza/Megaline 70,000 2018-2019
Figure 3: Retail Premises per 1,000 Inhabitants in Selected CEE Capitals in 2015
Source: CBRE Ukraine
SUPPLY
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VACANCY AND RENTS
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Figure 4: Base Rents in Kyiv (USD/sq m/month)
Source: CBRE Ukraine
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Prime Schemes Competitive Other
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Source: CBRE Ukraine
Dnipro202
Kharkiv154
Lviv 188
Odesa189
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Figure 5: Retail Premises per 1,000 Inhabitants in Ukrainian Largest Cities in 2016
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2017 CBRE Ukraine Research
OUTLOOK
©2017, Expandia LLC 6
Table 3: Key Retail Regional Schemes delivered in 2016
NAME CITY DEVELOPER GLA, SQ M COMPLETION
Depot Center CherkasyDepot Development Group
12,000 H1 2016
Victory Gardens Lviv Phoenix-Capital 54,500 H2 2016
Depot Center KropyvnytskyiDepot Development Group
6,000 H2 2016
Kvartal Khmelnytskyi Local Developer 16,000 H2 2016
Source: CBRE Ukraine
DISCLAIMER 2017 CBREInformation herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the market. This information is designed exclusively for use by Expandia LLC|Part of the CBRE affiliate network clients, and cannot be reproduced without prior written permission of Expandia LLC|Part of the CBRE affiliate network . © Copyright 2017 Expandia LLC|Part of the CBRE affiliate network
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