Research & Forecast Report RETAIL 2017

Christmas Markets in the CEE-13 countries  Market in

Kaliadny Kirmash in Minsk Source: VisitTallinn Media Bank Christmas Markets Tallinn, Location: Tallinn, Town Hall Estonia Square (Raekoja plats) Christmas Market Dome Square Market Date: November 17th – January 6th in Wroclaw in Riga No. of stands: 28 wooden houses (approx. 4 retailers per one house)

For many years residents and Source: Shutterstock guests of Tallinn are enchanted by Location: Sports Palace, 2017 the annual Tallinn Christmas Market. Pobeditiley Avenue It is a true fairy-tale land – there is Date: 15th – January 15th a tall on the historic The tradition of Christmas markets Source: City Hall Wroclaw Source: Colliers International No. of stands: approx. 35 town square surrounded by little Location: Dome Square in Europe is very long and goes Location: Rynek, Świdnicka, houses shining with lights that sell Guests can taste blini (Belarussian Oławska (the Old Town) Christmas delicacies and folk craft pancakes), draniki (potato flapjacks), back to Austria and at the th nd Date: December 2nd – January 7th Date: November 17 – December 22 products. Children will be happy sweets and pastry, hot chocolate, turn of the 13th and 14th Centuries. No. of stands: approx. 150 No. of stands: approx. 100 Riga, to see merry-go-rounds and Santa and much else. Latvia The sale of Christmas decorations, The Christmas Market in Wroclaw Claus, the main stage features Christmas markets now take place in All those loving delicious food will gift sets and groceries for the is regarded as the most beautiful hundreds of singers and dancers be delighted at Riga’s traditional festive table is part of the Christmas every major European city from the in Poland. Lots of treats await both performing, and amazing aromas of treats - mulled wine, , Market in Minsk. end of November until the first days locals and tourists alike, including roasted almonds, Christmas tea and gingerbread and mulled wine spread sweet gingerbread, aromatic mulled coffee, as well as delicious smoked all over the square. of January and in countries with the wine and traditional Polish dishes. meats and meat products. A wide Vilnius, Christmas Market Lithuania custom of the Julian calendar (Belarus, in Prague Other festivities on offer in the range of Latvian handcraft for Minsk, Christmas market are many concerts, Christmas gifts are offered, includ- Belarus Ukraine) even until the end of January. parades, entertainment for children ing patterned mittens, skillfully and of course the chance Typical products offered are: food, turned wooden candlesticks, jarred Christmas Market to meet . summer-smelling Latvian honey and in Vilnius Christmas Market regional dishes, cured meat, baked sweet-smelling wax candles. in Kiev goods and lots of sweets, as well as

Source: Taiko Wroclaw, Christmas decorations and all kinds Poland Location: Old Town Square of handicrafts. Cultural events and Date: December 2nd – January 6th entertainment, as well as other seasonal No. of stands: approx. 100 Hlavne Namestie Source: Colliers International In the market, you will find a wide in Bratislava Source: Shutterstock attractions, add to the festivities. Location: Cathedral Square range of traditional handcrafted st th Location: St. Sophia Square goods and Christmas ornaments, Christmas Market Date: December 1 – January 7 Kiev, Date: December 19th – January 14th Christmas markets are very popular wreaths, as well as various in Budapest No. of stands: approx. 42 Ukraine among both locals and tourists, for snacks and drinks, including typical The Christmas tree in the Cathedral The Main Christmas Tree of Ukraine Christmas sweets but also slightly Prague, Square wins the hearts of both Christmas Market atteining a height of 27 meters example those in Poland are visited by is located in St. Sophia Square. more filling food such as sausages, Czechia Bratislava, locals and visitors. Its beauty was in Cluj-Napoca Source: Colliers International also acknowledged in the The tree is decorated with around 100,000-500,000 people in average, grilled chicken or even pasta. Slovakia A purpose-built platform enables Location: Frantiskanske Square international media with the title of 1,000 lanterns of various shapes depending on the city and size of various shows to take place, (the Old Town) the most beautiful Christmas tree in and 3,600 meters of garlands of market. including both Czech and foreign Date: November 24th – December 23rd Source: Istockphoto Europe by European Best type Neo-Neon type. These special folklore music, historical music, No. of stands: approx. 130 Location: Vörösmarty Square Destinations. The composition is garlands allow an automatic change brass bands, classical music as well and St Stephen Square (at Basilica) covered with 70,000 lights and 900 in colour of the entire decoration. Stall rental prices are various in Main spot with tens of booths where th st as cabaret. Date: November 10 – December 31 Christmas toys, which makes the Source: City Hall, Cluj-Napoca So, each day visitors are treated to you can find traditional food and different countries, for example in No. of stands: approx. 80 27-metre tall tree so bright that it Location: Union Square (Piata Unirii) a new colour. The Cometter of beverages, but also traditional Christmas tree will emphasize by The event has a unique atmosphere can be easily spotted from an Date: November 24th – December 31st Czechia, in Prague - CZK 3,000 handmade Slovak gifts. There is “cold fountains” - decorative with all the lights and surrounded by aeroplane. a big Christmas tree in the corner No. of stands: over 70 illumination products. Tourists have daily. Generally, prices vary due to attractive, historical buildings. of the square, right next to the stage Budapest, Local artisans tempt visitors with various goods in Cluj’s the opportunity to taste delicious There are over a dozen music the attractiveness of the market for where musical performances Hungary Christmas Market: from mouth-watering fresh local Ukrainian dishes and traditional performances to enjoy. At the Cluj-Napoca, happen each weekend. Romania produce (for example cheese, smoked meat, sweets, wine) Ukrainian cuisine. potential tenants, which depends on Christmas Advent Market weekends puppet shows are put on to hand-made gifts. In a quite colourful decorum, a skating in for children, teaching them how to factors including the marketing and rink emphasizes the holiday mood, various spaces are Trg Otvorenog bake gingerbread. It’s possible to dedicated for children’s activities and a stage used for advertising of the event. Srca in Belgrade take part in candle-making and concerts, with genres ranging from jazz to pop music workshops. to the customary Christmas carols. Welcome to the most beautiful Christmas markets in the 13 Central Zagreb, Croatia Deutscher Weihnachtsmarkt European countries! Source: Official Facebook Site of Ice Park Location: Park Zrinjevac in Sofia Date: December 2nd – January 7th Source: Colliers International A traditional Christmas Market was Location: Kneza Mihaila Street Belgrade, organized for the first time in Bulgaria The Christmas Market in Zagreb Date: December 1st – January 15th in 2011 in Sofia. Every year since then, (awarded European Christmas Serbia Colliers International No. of stands: approx. 30 beautiful wooden stands are built and Market in 2016) offers lots of decorated, bringing the Christmas spirit unforgettable experiences for visitors, The Christmas market in Belgrade takes place in the main pedestrian wishes you Happy Holidays street protected by legislation as one of the oldest and most valuable in the heart of the capital city. Visitors even the most demanding. A variety Source: Colliers International and many fantastic gifts! landmarks in the city. Apart from standard confections, some can sample delicious German culinary of events, delicious food, unique art Location: City Garden at the Knyaz dishes, hot red wine, pastries and buy and excellent Christmas atmosphere unconventional items can be found at wooden stalls – chimney cake, Alexander Battenberg Square mulled wine with different aromas, mulled beer with honey, onion jam Sofia, fabulous handmade souvenirs. In the await you in the capital of Croatia. Date: November 18th – December 20th center of the Market there is a stage and hot pepper marmalade. The retail offer includes colourful festive Bulgaria where different cultural events happen decorations, traditional and homemade wool products - sweaters, No. of stands: approx. 34 vests, socks and caps. every day. 554 offices in 68 countries on 6 continents United States: 153 Canada: 34 Latin America: 24 Asia Pacific:231 EMEA: 112

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2 Colliers International 170 million m Pl. Piłsudskiego 3 space under management 00-078 Warszawa [email protected] +48 22 331 78 00 15,000 employees

Colliers International Colliers International Group Inc. (NASDAQ and TSX: CIGI) is a global leader in commercial real estate services with 15,000 professionals operating from 554 offices in 68 countries. With an enterprising culture and significant insider ownership, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide. Services include brokerage, global corporate solutions, investment sales and capital markets, project management and workplace strategies, property and asset management, consulting, valuation and appraisal services, and customized research and thought leadership. Colliers International has been ranked among the top 100 outsourcing firms by the International Association of Outsourcing Professionals’ Global Outsourcing for 10 consecutive years, more than any other real estate services firm. www.colliers.com

Colliers International has been active in the Polish market since 1997 and operates through offices in Warsaw, Kraków, Wrocław, Poznań, Gdańsk, Katowice and Łódź with over 250 employees in total. The company has been often honored for its achievements by industry organizations such as Eurobuild, CIJ Journal, CEE Quality Awards and the International Property Awards. Colliers’ most recent distinction in Poland include the “Outsourcing Star”, given in recognition of its status as one of the most active real estate advisors in the outsourcing sector; and the “Gazele Biznesu” for being one of the most dynamically developing companies in Poland. www.colliers.pl

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