CARDIFF CF11 8A2 CAPITAL SHOPPING PARK A PRIME SHOPPING PARK INVESTMENT // CAPITAL SHOPPING PARK CAPITAL // INVESTMENT SUMMARY INVESTMENT 1 THE OPPORTUNITY MAJOR DESTINATION FASHION LED SCHEME A very rare opportunity to acquire an established but The retail park provides approximately 153,543 sq ft maturing fashion dominated scheme with the following (14,265 sq m) of modern, high quality out of town retailing WITH MORE TO GO… key attributes: space which is complemented by the adjacent Asda The scheme is now anchored by a large full range Next foodstore and Costco. In total there is approximately store (40,000 sq ft), Arcadia t/a Outfit (circa 20,000 sq ft) 377,000 sq ft (25,024 sq m) of retail space in this location. and the soon to be rebranded Marks & Spencer store which BEST IN CLASS The location is soon to be strengthened by the proposed will include a fashion and food offer (circa 47,000 sq ft). In our opinion, this is the strongest out of town retail addition of a Lidl foodstore in close proximity, together These are accompanied by other attractive retailers, in destination serving the major conurbation of Cardiff. with the adjacent recently developed 27,000 seat Cardiff particular Smyths Toys, Mamas & Papas, Hobbycraft and It benefits from the highest concentration of fashion City Stadium. SCS together with Les Croupier (casino) and DW Sports. retailers, with the majority of competing schemes being of a more secondary nature with restricted planning consents and a traditional “bulky goods” line up. CAPITAL SHOPPING PARK // SHOPPING PARK CAPITAL INVESTMENT SUMMARY INVESTMENT 2 STRONG SCOPE TO GROW ASSET MANAGEMENT There has been a significant improvement in the tenant COMPLEMENTARY line up and this will be continued following the opening POTENTIAL of the rebranded Marks & Spencer store. In our opinion There are clear opportunities to capitalise on the POD OFFER these fashion retailers will further strengthen this as the improving nature of the retail park. These include The growing importance of small pod retail units is well most dominant and growing out of town retail destination attracting new retailers with the potential relocation served here, with a range of smaller ground floor units serving the city, and will continue to attract other fashion of SCS and the casino. occupied by retailers including Greggs, Subway, Costa, type occupiers creating the environment for rental and Game and Carphone Warehouse, together with a standalone capital growth in the future. KFC restaurant. // CAPITAL SHOPPING PARK CAPITAL // PROPOSAL 3 PROPOSAL We are instructed to seek offers in excess of £56.5 million subject to contract and exclusive of VAT, which would reflect anet initial yield of 5.75% (assuming purchaser’s costs at 5.80%). CAPITAL SHOPPING PARK // SHOPPING PARK CAPITAL LOCATION CREWE WREXHAM DERBY NOTTINGHAM SHREWSBURY M1 M54 M6 M42 WOLVERHAMPTON M1 ABERYSTWYTH LOCATION M6 Cardiff is the capital city of Wales and, as such, provides BIRMINGHAM the principal retailing and commercial centre for the COVENTRY South Wales region. KIDDERMINSTER M45 Cardiff is located immediately to the south of the M4 motorway, approximately 44 miles west of Bristol and M40 42 miles east of Swansea. M5 4 The city is well served by a major road network, lying adjacent to the M4 motorway, with access to the north east of the city via the A48(M), which leads directly to Junction 29, and via the A48 to the HEREFORD west of the city providing access to Junction 32. M50 The M4 intersects with the M5 motorway north of Bristol, providing fast access CHELTENHAM to the Midlands and the South-West GLOUCESTER of England. NEATH OXFORD Cardiff benefits from good transport links, M5 with regular train services to a number of destinations including: SWANSEA M4 LONDON PADDINGTON (2 hours, 5 minutes) M4 SWINDON NEWPORT M4 M4 BRISTOL SWANSEA (50 minutes) CARDIFF BATH NEWBURY M5 BIRMINGHAM (2 hours) TAUNTON YEOVIL MANCHESTER (3 hours 10 minutes) M5 BEDWAS A468 RHIWDERIN NEWPORT A468 A4119 CAERPHILLY BASSALEG TONTEG A48 M4 DUFFRYN BEDDAU A470 // CAPITAL SHOPPING PARK CAPITAL // EFAIL ISAF THORNHILL M4 COEDKERNEW LLANTRISANT BRYNNA LLANHARAN M48 TALBOT GREEN MARSHFIELD CATCHMENT AREA CATCHMENT PENTWYN A48 PENTYRCH LLANISHEN ST MELLONS A4119 CREIGIAU PENCOED PONTYCLUN LLANRUMNEY GROES-FAEN RADYR A470 LLANEDERYN M4 LLANHARRY M4 WHITCHURCH RUMNEY LLANDAFF ROATH FAIRWATER A48 YSTRADOWEN A4232 TREMORFA ST FAGANS E LY PENDOYLAN 5 CARDIFF ABERTHIN GRANGETOWN A48 A48 BONVILSTON WENVOE PENARTH SIGINGSTONE DINAS POWYS LLANTWIT MAJOR SULLY ST ATHAN BARRY CACI ESTIMATE THERE ARE 243,242 RHOOSE PEOPLE LIVING WITHIN A 10 MINUTE DRIVE TIME OF CAPITAL SHOPPING PARK, EXTENDING TO 483, 283 PEOPLE WITHIN A 20 MINUTE DRIVE TIME. BEDWAS A468 RHIWDERIN NEWPORT A468 A4119 CAERPHILLY // SHOPPING PARK CAPITAL BASSALEG TONTEG A48 M4 DUFFRYN BEDDAU A470 DEMOGRAPHICS AND CATCHMENT EFAIL ISAF THORNHILL M4 COEDKERNEW LLANTRISANT BRYNNA LLANHARAN M48 TALBOT GREEN MARSHFIELD PENTWYN A48 PENTYRCH LLANISHEN ST MELLONS A4119 CREIGIAU PENCOED PONTYCLUN LLANRUMNEY GROES-FAEN RADYR A470 LLANEDERYN M4 LLANHARRY M4 WHITCHURCH RUMNEY CATCHMENT AND DEMOGRAPHICS LLANDAFF ROATH Economic Centre for Wales FAIRWATER A48 YSTRADOWEN Cardiff is the capital and the largest city in Wales, as well as being the country’s A4232 TREMORFA ST FAGANS chief commercial centre, contributing over 20% of the Welsh GDP. Major national and E LY international firms based in the city include Legal & General, British Airways Maintenance, PENDOYLAN CARDIFF KMPG, Barclays Bank and BT. Over 78,000 people commute into the city for work from 6 the surrounding towns. Total average gross weekly wages totalled £396 in Cardiff in 2011, above the PMA Regional City average of £379 for the same period. ABERTHIN GRANGETOWN Extensive catchment population Cardiff has a primary catchment population of 1,247,000 people and a shopping population A48 of 584,000 people ranking the city 6 and 8 respectively out of the top 200 PMA Centres. A48 The city also has a large student population; in the 2012 academic year Cardiff was home to BONVILSTON over 42,000 students, worth over £1.3 billion annually to the local economy. Academy of sport Top 5 retail destination in the UK Cardiff has benefited from a significant amount of retail regeneration, most substantially WENVOE Land Securities £675 million regeneration of St David’s Shopping Centre in 2009. This 200 New Homes PENARTH provided a total of 1.4 million sq ft of shopping centre space, making it one of the largest SIGINGSTONE shopping centres in the UK. Cardiff is now one of the top 5 retail destinations within the UK. DINAS POWYS Cardiff City FC stadium Total in-store comparison expenditure in Cardiff in 2012 was £2,575 million, significantly above the PMA retail average of £795 million. Cardiff is likely to retain a significant proportion of available spend within its catchment area due to its strong communication links and superior retail offer compared to anywhere else in Wales. As a result, Cardiff also attracts spending from a wider area beyond its catchment. The nearest competing city with a comparable retail offer is Bristol, 44 miles east. LLANTWIT MAJOR European Capital of Sport 2014 SULLY Cardiff plays host to many high-profile sporting events at local, national and international ST ATHAN Lidl Development Site BARRY level. In recognition of the city’s commitment to sport Cardiff has been awarded the title of European Capital of Sport 2014. The development of Cardiff City Stadium and Cardiff International Sports Village, both situated in close proximity to Capital Shopping Park, have been instrumental in helping to achieve this. RHOOSE Top tourist destination New Cardiff Cardiff is an important tourist destination with the Millennium Stadium, Cardiff Bay and Athletics Stadium St David’s Shopping Centre enhancing this over recent years. Tourism has increased year on year with 18.9 million tourists visiting Cardiff in 2012, creating a total revenue of £1.012 billion, of which over £137 million was spent on shopping. RHIWDERIN A467 PORSET A468 UPPER BOAT BASSALEG MAESGLAS A469 A4042 NANTGARW DUFFRYN M4 A469 M4 A48 // CAPITAL SHOPPING PARK CAPITAL // THORNHILL M48 RETAIL IN CARDIFF RETAIL 5 RETAIL IN CARDIFF PONTPRENNAU Capital Shopping Park has established itself as the prime out of town retail location for Cardiff and has attracted high quality brand names sitting adjacent to the key anchors B4239 A48 of Asda, Costco and Cardiff City Football Club. The majority of the retail warehousing M4 in Cardiff is either more secondary in nature or has a more bulky goods occupier PENTWYN ST MELLONS line up. No other retail park in the city has a higher concentration of fashion retailers A469 LLANRUMNEY than Capital Shopping Park, and we consider it to be the strongest out of town retail A470 destination serving the city. CYNCOED 1 CAPITAL SHOPPING PARK WHITCHURCH LLANDEYRN • 370,000 sq ft A4119 CARDIFF RUMNEY • Asda, Costco, Marks & Spencer, Outfit, Hobbycraft, Next, J33 A4054 Smyths Toys, Mamas & Papas and DW Sports. 7 LLANDAFF NORTH 9 A48 A4119 A469 PENYLAN 2 AVENUE RETAIL PARK 7 CULVERHOUSE CROSS A4232 • 117,000 sq ft • 450,000 sq ft • Homebase, Matalan and • Marks & Spencer, Tesco, B&Q, A469 M&S Simply Food TK Maxx, Carpetright, Mothercare LLANDAFF and DSG • Open A1 non-food planning BLACKWEIR consent • Mixed planning consent FAIRWATER ROATH 3 CARDIFF BAY RETAIL PARK 8 SEAGAR RETAIL PARK ST FAGANS TREMORFA • 194,425 sq ft • 33,500 sq ft A4161 • BHS, Sports Direct, Pets at Home, • Pets at Home, Capetright