deutsche euroshop: acquisition of herold-center norderstedt
TRANSCRIPT
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HEROLD-CENTER NORDERSTEDT
11.2012
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20th shopping center in the portfolio
11.2012 HEROLD-CENTER NORDERSTEDT
ACQUISITION
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16th shopping center in Germany, 20th overall
location: Norderstedt, a northern suburb of Hamburg
acquisition of 100%, i.e. asset deal
investment volume: €187 million
net initial yield: 6.1%
Viernheim
Sulzbach
Hamburg
Wolfsburg
Dresden
Wetzlar
Hamm
Kassel Wuppertal Dessau
Passau
Hameln
Berlin
Wildau Magdeburg
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Norderstedt
11.2012 HEROLD-CENTER NORDERSTEDT
CITY & AREA
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75,300 inhabitants
Purchase power index: 117.8
Centrality: 105.8%
Unemployment rate: 4.6% (Schleswig-Holstein: 6.4%)
Catchment area
Driving distance Inhabitants
up to 5 min. approx. 32,000
5 to 15 min. approx. 82,000
15 to 30 min. approx. 367,000
total approx. 481,000
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11.2012 HEROLD-CENTER NORDERSTEDT
CENTER
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Herold-Center Norderstedt
11.2012 HEROLD-CENTER NORDERSTEDT
CENTER
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55,500 sqm lettable space
26,000 sqm selling space (36,400 retail space)
approx. 130 shops
in addition residential and office component:
14,000 sqm living space (256 units)
5,000 sqm office space
public transportation adjacent to the center
managed by ECE (since 1981)
approx. 850 parking spaces
occupancy: 100% in retail, 16 vacant residential units of which 12 are just renovated, 760 sqm vacant storage space and 40 sqm vacant office space 96% in total
0.5 million people living in the catchment area
Opening/extensions: 1971, 1995, 2003
Website: www.herold-center.de
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Herold-Center Norderstedt
11.2012 HEROLD-CENTER NORDERSTEDT
CENTER
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Herold-Center Norderstedt
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CENTER
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tenant‘s sales productivity: €4,660 per sqm avg. DES’ centers: €4,310 per sqm avg. German retail: €3,430 per sqm
rent-to-sales ratio: 10.2%
annualised rent 2013: €13.2 million
avg. rental income per month: €19.30
retail: €24.30
residential: €7.50 (last lettings €8.50 to €10.50)
office: €13.20
weighted maturity of rental contracts: 5.2 years
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Competition
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Retailer-Mix
11.2012 HEROLD-CENTER NORDERSTEDT
CENTER
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fashion
non-food
catering
health & beauty
food
shoes/leather
services
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Layout Ground floor
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CENTER
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Layout 1st floor
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CENTER
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Layout basement & residential
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CENTER
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Contact Deutsche EuroShop AG Investor & Public Relations Oderfelder Straße 23 20149 Hamburg
Tel. +49 (40) 41 35 79 - 20 / -22 Fax +49 (40) 41 35 79 – 29 E-Mail: [email protected] Web: www.deutsche-euroshop.com
Important Notice: Forward-Looking Statements
Statements in this presentation relating to future status or circumstances, including statements regarding management’s plans and objectives for future operations, sales and earnings figures, are forward-looking statements of goals and expectations based on estimates, assumptions and the anticipated effects of future events on current and developing circumstances and do not necessarily predict future results.
Many factors could cause the actual results to be materiallydifferent from those that may be expressed or implied bysuch statements.
Deutsche EuroShop does not intend to update these forward-looking statements and does not assume any obligation to do so.
11.2012 HEROLD-CENTER NORDERSTEDT
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APPENDIX
This presentation is a FSC certified product.
Patrick Kiss Head of Investor & Public Relations
Nicolas Lissner Manager Investor & Public Relations
Claus-Matthias Böge Chief Executive Officer
Olaf G. Borkers Chief Financial Officer
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