Retail Market Norway Q4 2017 2 3

Total Page:16

File Type:pdf, Size:1020Kb

Retail Market Norway Q4 2017 2 3 retail market norway q4 2017 2 3 contents summary 5 highlights 7 the retail market norway 9 key areas, oslo 12 footfall 18 investment 22 shopping performance 25 shopping centres 26 food & beverage 29 data and figures 31 about colliers 34 Retail Market Report Norway Retail Market Report Norway 4 5 summary Haakon Reed-Larsen Head of Retail Colliers International Norway In recent years, retailers have increasingly looked at Norway as an attractive market for expansion. Despite the decrease in the petroleum industry and the implications this still has for the Norwegian economy, the Norwegian retail market is still performing relatively strongly. International retailers presence in Norway is currently low compared with other European countries. Despite many strong domestic brands, there is still a strong appetite from Norwegian consumers for new international retailers/ brands from around the world. Colliers International in Norway have the last 20 years had a strong focus on advising our clients within the Retail sector, as is the strategy for Colliers Globally. We hope this Retail report will give a valuable market input to our clients and potential clients, highlighting our strong competence within advising tenants on finding the right space and terms to open new stores, advising owners of shopping centers of new concepts on the footstep to Norway and helping owners of vacant retail space to find the right and best tenants. Our focus is all types of retail business, but I would like to put focus on our strong competence within F&B and International Fashion Retailers. Colliers are here to help you to make the right and qualified decisions! Retail Market Report Norway Retail Market Report Norway 6 7 highlights 2017 salary The average Norwegian salary for all employees is EUR 55 044 per year. home renewal Norway´s capital The average Norwegian household Oslo, offers a variety spends approx EUR 3 500 per year on of shopping. 1, 5 million home renewal (decoration, furniture, people live in the Oslo appliances etc.) region. shoes & clothing shopping habbits The average Norwegian household More than 35 % of all retail spends approx EUR 2 200 per year on sales in Norway take place in shoes and clothing. shopping centers transportation 70 % of all households have a car and almost a quarter have two cars unenployment 4,2 % amongst the lowest unemployment rate in Europe Retail Market Report Norway Retail Market Report Norway 8 9 macro economy norway The Norwegian economy is recovering well from the effects that the NOK will increase against most other currencies CPI of the oil downturn and the scarce growth in global demand. going forward in 2017 and especially in 2018. However, the Norwegian economy continues to be heavily reliant on the petroleum business and the “oil-fund” continues CPI to support a growing portion of the Norwegian fiscal budget. The CPI rate continuously surprised on the “upside” in 2016 as ended at 3.6 %, which was well above comparable data The economic downturn has now lasted for the better part for other Western European countries as well as way above three years. However, it is becoming increasingly apparent estimates from the start of the year. that the tide has turned and that Norway is set up for strong However, the rate has dropped quite significantly in 2017 and economic growth going forward. Most experts in the field as it is currently around 1.5 %. The estimation for the end of the well as new data that is continuously coming in support this year is close to 2 %, which is far below the figure from last view. year. The expected GDP growth for 2017 is 1.8 % which is expected UNEMPLOYMENT to grow further to 2,4 % in 2018 and draws a very positive The unemployment rate is as of the start of October 4,2 % UNEMPLOYMENT image for the Norwegian economy. 2016 numbers showed a which is a steady decline since the turn of the year. The growth of 0.9 % in comparison. Other sources and experts overall trend is that the unemployment rate will continue to are frequently suggesting even higher growth in the coming decrease going forward, although at a rather slow pace. years. This underpins the perception that the Norwegian Economy has picked up the pace and that there are exiting This is due to factors such as a recovery in within the times ahead. petroleum sector as it is expected that the investment will bottom out in 2017. Also, the cost of developing an oilfield CURRENCY has sunk by 40 % compared to 2014. Also, mainland Norway The Norwegian NOK has in general been somewhat is projected to perform quite well in the year of 2017 in terms strengthened by the improving oil price and macro conditions. of investment and also a slight increase in exports. At year-end, the NOK was trading at roughly 9 against the € Euro and even below, which was for the first time in roughly The unemployment rate is expected to stay at the current 2013 (%) 2014 (%) 2015 (%) 2016 (%) 2017 (E´) (%) 2018 (E´) (%) 2019 (E´) (%) 2020 (E´) (%) 18 months. However, the NOK has decreased somewhat and level during the course of 2017 and further down into 2018 SOURCE as of mid-October, is currently trading at levels around NOK and 2019. Statistics NOrway 9.35 per 1 € Euro. GDP, MAINLAND 2,3 2,20 1,10 0,80 1,80 2,40 2,20 2,10 OILPRICE GDP 1,0 1,90 1,60 1,00 1,50 1,90 1,80 2,00 Furthermore, although not at peak levels, the NOK is currently The oil price increased quite considerably from the end of CPI (JAE) 1,60 2,40 2,70 3,00 1,70 2,00 2,00 2,00 very weak compared with the USD $ when reviewing it in a 2016 and has since remained between $ 50 and $ 60 per historical perspective. This is in part fueled by the Americans barrel. At the time being (medio October) the oil price is HOUSEHOLD CONSUMPTION 2,70 1,90 2,10 1,60 2,20 2,60 2,30 2,10 increasing their interest rates twice within a relatively short hovering around $ 55 - 60, after a recent increase after the PUBLIC CONSUMPTION 1,0 2,70 2,10 2,30 1,70 1,70 1,90 2,50 summer. period of time, as well as “Trumpism”, in addition to a INVESTMENTS (OIL & GAS) 19,3 -3,20 -15,0 -14,70 -7,0 -0,10 6,20 1,90 generally weak NOK. After OPEC and other major oil producing countries has EXPORT -1,70 3,10 3,70 1,2 0,50 2,00 2,20 3,10 engaged in several agreements as of late, the oil price is Before the recent fall of the NOK in the past month, an increase EXPORT (OIL & GAS) -5,50 1,90 3,2 3,80 0,40 -0,10 -0,10 1,60 was widely expected. Going forward, the road a head seems according to most experts within the field, likely to continue somewhat uncertain. Our main scenario however, remains to increase throughout 2017 and beyond. EXPORT (TRADITIONAL GOODS) 1,30 3,1 5,80 -8,20 2,20 4,00 4,10 4,40 IMPORT 4,90 2,40 1,630 0,30 2,50 2,20 2,90 2,70 IMPORT (TRADIOTIONAL GOODS) 2,30 2,10 1,90 -0,60 1,50 3,10 4,20 3,60 GDP Mainland UNEMPLOYMENT 3,50 3,50 4,40 4,70 4,40 4,20 4,10 4,10 EMPLOYMENT (*LEVEL) 71,2 71 71,2 70,7 70,4 70,5 70,6 70,8 HOUDEHOLD (DISPOSABLE INCOME) 3,80 2,70 5,20 -1,60 2,00 2,10 1,90 2,00 HOUSEHOLD (SAVINGS RATE) 8,2 10,4 7,1 7,4 6,8 6,40 6,20 MONEY MARKET (RATE LEVEL) 1,80 1,70 1,30 1 1,00 1,00 1,10 1,40 CONSUMER PRICE EURO AREA 1,30 0,40 0,10 0,30 1,60 1,70 1,80 1,90 SALARY 3,90 3,10 2,80 1,70 2,30 3,10 3,10 3,19 RESIDENTIAL PRICES 4,0 2,70 6,10 7,10 6,50 0,60 -1,50 -2,10 CPI 2,10 2,0 2,10 3,60 2,00 2,10 2,20 2,30 Retail Market Report Norway Retail Market Report Norway 10 11 We are already seeing this in a highly competitive area such the retail market norway as Bærum and Asker where shopping centres Trekanten and Rortunet are ready for considerable expansion in order to better compete within this market. We expect other shopping centres to make similar decisions going forward. The traditional retail format is continuously under heavy scrutiny from the ever-growing e-commerce. Lately there Norway is currently one of the countries in the world with the has been several reports of shopping centres in the Unites highest density of shopping centres compared to inhabitants. States, which has been deserted in recent years due to new This is due to several factors, such as the weather and ways of doing and thinking of shopping. Al though generally Norwegians´ appetite for convenience being a few of several not to the same extent as we see in the US, this is also taking possible explanations. Consequently, the sheer amount of place elsewhere in the world, such as Norway. Shopping Centres and the strong competition because of that in the Norwegian market ensures that landlords has to In the context of the Norwegian shopping centre market, we address the issue of more e-commerce in order to survive.
Recommended publications
  • Sandvika Storsenter Er Norges Største Kjøpesenter Målt I Omsetning
    SANDVIKA STORSENTER ER NORGES STØRSTE KJØPESENTER MÅLT I OMSETNING SANDVIKA STORSENTER 2017 SANDVIKA STORSENTER SANDVIKA STORSENTER HAR 194 OM SENTERET BUTIKKER OG SPISESTEDER BELIGGENHET Sandvika Storsenter ligger sentralt i Sandvika i Bærum kommune, lett tilgjengelig fra E18, E16, tog- og busstasjon. MARKED/KUNDEGRUNNLAG Senterets primærmarked er Asker, Bærum og Oslo Vest (Vestre Aker, Ullern og Frog- ner) med tilsammen 319.000 innbyggere. Senterets sekundærmarked er resten av Oslo (529.000 innbyggere) og Buskerud (195.000 innbyggere). BESØKSTALL 2016 ANTALL LEIETAKERE AREAL PARKERINGSPLASSER 6 MILL 211 58.230 m2 2.500 SANDVIKA STORSENTER VISJON SANDVIKA STORSENTER SKAL VÆRE FØRSTEVALGET FOR KUNDER OG LEIETAKERE. SANDVIKA STORSENTER BUTIKKMIKS Sandvika Storsenter har god, bred butikkmiks både av kjedebutikker og nisjebutikker, og god dybde innenfor de ulike bransjene. Senteret er størst på mote, sport, elektronikk, interiør, barn og helse/velvære, og har hele 212 leietakere (inkludert helserelaterte tilbud). Det jobbes med å stadig utvikle senteret med nye butikkonsepter/merkevarer som ikke finnes på sentrene lokalt eller i regionene rundt Asker og Bærum. Spesielt viktig er det å fornye senteret med konsepter fra utlandet som ikke er representert i landet for øvrig. STØRSTE LEIETAKERE SANDVIKA STORSENTER PLANTEGNING SmoothieXchange (ny del) 31 littSNOB 190 151-215 SmoothieXchange (gml. del) 134 Mango 153 Starbucks 197 Marianne’s 201 Stockfl eth’s 196 Marinka 199 Tika Tika 62 Nadine 155 VELKOMMEN TIL Gammel del Kiosk og dagligvare Next
    [Show full text]
  • Forsvarets Langtidsplan Side 10 OR/OF - Overgangsordninger Side 20 Sannheten Om HR-Huset
    Forsvarets langtidsplan side 10 OR/OF - overgangsordninger side 20 Sannheten om HR-huset Befalsbladet – Norges Offisersforbund www.nof.no Nr. 4 - 2016 side 26 FRA NOF TIL LO STAT Side 8 TEMATITTEL FjAllrAvens dunløfte Etisk produsert dun av høyeste kvalitet SINGI DOWN JACKET W SPORBARE MINNER OG FJÆR Hver ær i Singi Down Jacket kan spores tilbake til etiske produksjonsmetoder. Dette er Fjällrävens dunløfte, fra oss til deg – for gåsens velvære. Ingenting isolerer like bra som naturlig dun, og ved å respektere naturens fantastiske ressurser, kan vi stole på at de fortsetter å gi beskyttelse utendørs. Det er egentlig grunnleggende karma. Uten naturen er vi ingenting – www. allraven.no 2 l NOF 4/2016 TEMATITTEL FjAllrAvens dunløfte FØRJULSTILBUDFØRJULSTILBUDFØRJULSTILBUD PÅ PÅ PÅ Etisk produsert dun av høyeste kvalitet FØRJULSTILBUD PÅ FØRJULSTILBUDVOLVOVOLVO XC60 XC60 VOLVOPÅ XC60 EnEn ny nybilFØRJULSTILBUD bilinnebærer innebærer mange EnmangeVOLVO ny spennendebil spennende innebærer valgXC60 valgmange ogPÅ og ofte spennendeofte valg og ofte vanskeligevanskelige prioriteringer. prioriteringer.vanskeligeVOLVO Med Med Volvo Volvoprioriteringer. XC60 XC60 Limited Limited Med Volvo XC60 Limited EditionEnEdition ny trenger bil trenger innebærer du du ikke ikke Editionmange å bekymre VOLVOå bekymre trengerspennende deg. deg. du Denne ikke valgDenneXC60 å ogharbekymre harofte alt! alt! deg. Denne har alt! vanskeligeVi Vihar har prioriteringer.fylt fylt bilen bilen med med MedutstyrVi utstyr harVolvo for fylt for at XC60 bilenatdu du skal medLimitedskal få utstyrfåen en for at du skal få en En ny bil innebærer mange spennende valg og ofte Editionoverlegenoverlegen trenger komfort du komfort ikke og å og bekymreoverlegenkjøreopplevelse, kjøreopplevelse, deg. komfort Denne uten og uten harkjøreopplevelse,tillegg tilleggalt! uten tillegg Envanskelige ny bil innebærer prioriteringer.
    [Show full text]
  • A Vibrant City on the Edge of Nature 2019/2020 Welcome to Bodø & Salten
    BODØ & SALTEN A vibrant city on the edge of nature 2019/2020 Welcome to Bodø & Salten. Only 90 minutes by plane from Oslo, between the archipelago and south, to the Realm of Knut Hamsun in the north. From Norway’s the peaks of Børvasstidene, the coastal town of Bodø is a natural second biggest glacier in Meløy, your journey will take you north communications hub and the perfect base from which to explore via unique overnight accommodations, innumerable hiking trails the region. The town also has gourmet restaurants, a water and mountain peaks, caves, fantastic fishing spots, museums park, cafés and shopping centres, as well as numerous festivals, and cultural events, and urban life in one of the country’s including the Nordland Music Festival, with concerts in a beautiful quickest growing cities, Bodø. In the Realm of Hamsun in the outdoor setting. Hamsun Centre, you can learn all about Nobel Prize winner Knut Hamsun`s life and works, and on Tranøy, you can enjoy open-air This is a region where you can get close to natural phenomena. art installations against the panoramic backdrop of the Lofoten There is considerable contrast – from the sea to tall mountains, mountain range. from the midnight sun to the northern lights, from white sandy beaches to naked rock. The area is a scenic eldorado with wild On the following pages, we will present Bodø and surroundings countryside and a range of famous national parks. Here, you can as a destination like no other, and we are more than happy immerse yourself in magnificent natural surroundings without to discuss any questions, such as possible guest events and having to stand in line.
    [Show full text]
  • Økonomiske Konsekvenser Av Store Handelsetableringer
    RAPPORT FoU prosjekt om samfunns- økonomiske konsekvenser av store handelsetableringer MENON-PUBLIKASJON NR. 19/2014 Mai 2014 Av Erland Skogli, Jens Fredrik B. Skogstrøm, Peter Aalen, Endre Kildal Iversen og Rasmus Bøgh Holmen Oppsummering Denne rapporten oppsummerer funnene fra FoU-prosjektet «Samfunnsøkonomiske konsekvenser av store handelsetableringer». Menon har på oppdrag fra Kommunal- og moderniseringsdepartementet kartlagt utbygginger eller utvidelser av kjøpesentre og storhandelskonsepter («big box») i 15 små og store kommuner, fra Alta i nord til Kristiansand i sør i perioden 2006-2012. Hovedfunnet i studien er at store handelsetableringer gir en positiv netto omsetnings-, verdiskaping- og sysselsettingsseffekt for både kommunen hvor utbyggingen finner sted, og for regionen rundt. Menon Business Economics 1 Rapport Forord I denne rapporten presenteres er et forskning- og utviklingsprosjekt utført av Menon Business Economics på oppdrag fra Kommunal- og moderniseringsdepartementet. Vi ønsker å takke for oppdraget. Prosjektet har vært faglig utfordrende og interessant. Mye tyder på at det har vært et svakt faktagrunnlag på dette området. Som Per Gunnar Rasmussen i Institutt for Bransjeanalyser sier det: «Vi erfarer alt for ofte at ekspertuttalelser om konsekvenser av handelsetableringer heller er basert på eksempler av anekdotisk karakter enn på grundige undersøkelser og forskning.» Det er derfor prisverdig at departementet nå har tatt initiativ til å øke kunnskapen om konsekvenser av store handelsetableringer. Spesielt vil vi takke Kirsten Hegsvold, Terje Kaldager og Erik Vieth Pedersen for gode diskusjoner og konstruktive innspill underveis. Partner Erland Skogli har vært prosjektleder i prosjektet, mens seniorøkonom og PhD Jens Frederik Baumgarten Skogstrøm har hatt det faglig ansvaret. Skogstrøm har utført den økonometriske analysen i tett samarbeid med analytiker Peter Aalen.
    [Show full text]
  • Sparebank 1 Nord-Norge Annual Report 2019 006
    SPAREBANK 1 NORD-NORGE ANNUAL REPORT 2019 006 010 012 014 016 017 018 022 048 049 050 052 053 142 146 154 158 160 162 177 182 190 196 198 202 204 213 225 226 Table of contents NORD-NORGE 1 SPAREBANK 006 From the CEO SpareBank 1 Nord-Norge 010 Strategic compasss 012 Our history 014 Important events 016 Branches 017 Organization and company structure 018 Annual report 022 Annual report from the board ANNUAL ACCOUNTS ANNUAL Annual accounts 2019 048 Annual Report – Income statement 049 Annual Report – Balance Sheet 050 Annual Report – Changes in equity 052 Annual Report – Cash Flow Statement 053 Annual accounts – Notes 142 Statement from the Board of Directors and Chief Executive Officer 146 Auditor’s report Operations 154 Group Management 158 Board of Directors 160 Governing bodies OPERATIONS 162 Corporate governance 177 Risk management and internal control 182 Ownership 190 Operations 196 Markets 198 The SpareBank 1- alliansen CORPORATE SOCIAL RESPONSIBILITY SOCIAL CORPORATE 202 The foundations 204 Organisation and HR Corporate social responsibility 213 Sustainability 225 Samfunnsløftet 226 Index Global Reporting Intiative Continued Added Value Uncertainty dominated 2019. Trade wars, Brexit, esc- The financial results for SpareBank 1 Nord-Norge alating levels of conflict in the Middle East as well are affected by the economic temperature of the as climate change resulting in floods and wildfires. region. In addition, SpareBank 1 Nord-Norge have Paradoxically, Northern Norway, and SpareBank 1 gained a good effect by merging insurance compa- Nord-Norge profits from this uncertainty due to nies of SpareBank 1 and DNB. being an export driven region.
    [Show full text]
  • Annual Report 2018 Olav Thon Group
    ANNUAL REPORT 2018 OLAV THON GROUP 2 2018 A NNU A L R EPO R T Contents 04 Olav Thon Group 2018 Group structure 06 Leader 08 Key figures The Olav Thon Foundation 10 This is Olav Thon Group 12 Thon Eiendom 100% 32 Thon Hotels 38 Financial matters Olav Thon Gruppen AS 40 Other operations 42 The Olav Thon Foundation 44 Sustainability and corporate social responsibility 100% 72% Olav Thon Thon Holding AS Eiendomsselskap ASA 100% 100% 100% Thon Thon Amfi Eiendomsdrift AS Hotels AS Eiendom AS Cover photo: AMFI Moa, Ålesund Executive management team OLAV OLE-CHRISTIAN DAG MORTEN ARNE THON HALLERUD TANGEVALD-JENSEN THORVALDSEN B. SPERRE CEO/President Deputy CEO/Executive Vice Executive Vice President and Executive Vice President and Executive Vice President President Property CEO OTE ASA CEO Thon Hotels Finance DESIGN AND LAYOUT AMFI KREATIV AS | PHOTOS MORTEN HJERTØ, GRY TRAAEN | PRINTING ROLF OTTESEN 3 OLAV THON GROUP OUR SHOPPING CENTRES AND Olav Thon HOTELS Central/Northern Norway Group 29 17 2018 Sweden 11 Western Norway 25 20 Southern/Eastern Norway 34 34 *Of which 5 hotels and 3 apartment hotels in Brussels and 1 hotel in Rotterdam Total: Shopping centres 9 OF THE 10 LARGEST 99 Hotels Brussels/Rotterdam* The Group owns or manages 9 of the 10 largest shopping centres in Norway. 80 9 DID YOU KNOW...? Olav Thon Group Thon Hotel Storo was The Olav Thon Foundation owns around 3.2 named the customers’ donated NOK 42 million million sq. m. of favourite hotel in Norway to research and teaching property by Berg-Hansen in 2018 4 ANNUAL REPORT 2018
    [Show full text]
  • Thon Eiendom
    Thon Eiendom Eiendomsoversikt kjøpesenter Omsetning > 1 000 mill. Omsetning Leie Utvidelser/ Kjøpesenter Norge 2011 01.01.12 Kommune ombygging Sandvika Storsenter 3 134 -1 % 240 Bærum Lagunen Storsenter (42 %) 3 035 1 % 60 Bergen Amfi Moa (ca. 85 %) 2 438 2 % 103 Ålesund 2012 Ski Storsenter 2 068 0 % 138 Ski Sartor Storsenter (ca. 34 %) 1 905 3 % 31 Fjell Storo Storsenter 1 853 32 % 123 Oslo aug. 2010 Strømmen Storsenter 1 773 -6 % 107 Skedsmo 2012 Jessheim Storsenter (ca. 53 %) 1 608 4 % 59 Ullensaker Sørlandssenteret (50%) 1 487 8 % 50 Kristiansand 2013 Vestkanten (70 %) 1 215 5 % 64 Bergen 2012 Amfi Steinkjer (ca. 90 %) 1 138 8 % 57 Steinkjer mar. 2010 Bergen Storsenter 1 114 -1 % 65 Bergen Amfi Madla 1 083 2 % 51 Stavanger Omsetning 300 – 1 000 mill. Lørenskog Storsenter 941 -3 % 58 Lørenskog Amfi Roseby 833 1 % 62 Molde Molde Storsenter 712 6 % 29 Molde Amfi Alta 684 4 % 41 Alta Oasen Storsenter 660 1 % 35 Karmøy Amfi Vågen 615 0 % 51 Sandnes Amfi Borg 583 0 % 30 Sarpsborg Amfi Pyramiden 569 8 % 22 Tromsø Amfi Drøbak City 514 14 % 23 Frogn Amfi Vågsbygd 463 0 % 24 Kristiansand Sogningen Storsenter (50 %) 456 4 % 12 Sogndal 2012 Amfi Mo i Rana (70 %) 429 14 Rana Narvik Storsenter 425 8 % 19 Narvik Amfi Os 424 2 % 22 Os nov. 2011 Namsos Storsenter 424 2 % 18 Namsos Romerikssenteret 384 -3 % 17 Ullensaker Amfi Stord 371 11 % 18 Stord nov. 2011 Amfi Narvik 347 -7 % 17 Narvik Mart'n Senteret (50 %) 337 3 % 6 Elverum 2013 Amfi Finnsnes 336 0 % 20 Lenvik Gunerius 334 -3 % 40 Oslo Amfi Kanebogen 328 3 % 17 Harstad Senter Syd 311 -3 % 19 Oslo Amfi Svolvær (33 %) 306 -1 % 6 Vågan Omsetning < 300 mill.
    [Show full text]
  • Påmeldte 10Sep19
    Bedrift Fornavn Etternavn AB Solutions Arnt Erik Gangås AB Solutions Erik Rødder Amfi Drift Eva Johansen Amfi Drift Oddrun Hamnes Aakvik Amfi Drift Svein Olav Birkeland Amfi Kreativ Sara Akerfeldt Amfi Madla Anette Worum Amfi Madla Annette JakoBsen Apotek 1 Norge Anders Vik Apotek 1 Norge Hans-Herman Leganger Ark Bokhandel Stein Ove Gudmundsrud Bagorama Lena Annie Figenschau Bergen Storsenter Odd Rune Bjørge Bitastad Bjørn Vidar Tessem Bitastad Eigil Almenning Bitastad Finn Dybdalen Bitastad Henrik Horni Bitastad Ingrid Kristin Viken Boostcom Gustav Rygh Boostcom Morten Mørken Brand Factory Norge Bjørn Gurholt Brand Factory Norge Erlend Stornæs Brand Factory Norge Kristin Eide Brave Gruppen Lars Henrik Wold Bydel Aker Brygge Ken-Øyvind Heggem Bydel Aker Brygge Marius Luell Arntsen Bydel Aker Brygge Thomas Nygård Bydel Aker Brygge Yvonne De Geus Nygård Bærums Verk Aniek Ones Verhaaf Bærums Verk Kenneth Hansen Cartagena Morten Fari Cartagena Roland Puffer Change of Scandinavia Beate Higley City Nord Tor Austad City Nord Uwe Johansen Citycon Norway André Gaden Citycon Norway Andreas Hellstrøm Citycon Norway Christian Kiilerich Citycon Norway Fredrik S. Myhre Citycon Norway Henriette Mork Citycon Norway Stine Isaksen Citycon Norway Tor Nickelsen Citycon Norway / Linderud senter Kristine Eknes Blom Citycon Norway / Linderud senter og KolBotn Torg Marianne Thoresen-Larsen Citycon Norway / Stovner senter og Markedet Josefin Berglund Clear Channel Norway Gunstein Hansen Clear Channel Norway Peder Normann Aarum Colliers International Charlotte
    [Show full text]
  • Scandinavia's Leading Shopping
    SCANDINAVIA’S LEADING SHOPPING CENTRE GROUP - Part of the Olav Thon Group 2018 OLAV THON Olav Thon is the CEO and founder of the Olav Thon Group, and has since the 1940s operated a comprehensive business. Today the Olav Thon Group is Norway’s leading operator in the property and hotel business. The Olav Thon Foundation was established in December 2013, and all shares in Olav Thon Gruppen AS were gifted by Olav Thon to the foundation. Thon holds a number of directorships connected to the Olav Thon Group, and is also the Chairman of the Olav Thon Foundation. EvenFoto.no THON EIENDOM NORGES LEDENDE EIENDOMSAKTØR Thon Eiendom is the property division of the Olav Thon Group. The Group’s property business covers approximately 500 properties in Norway and abroad, with a total rental value of approximately NOK 5.5 billion. 67 % of rental revenue is raised from commercial premises, including several of Norway’s largest shopping centres. Thon Eiendom is Norway’s biggest shopping centre operator, with 96 centres stretching from Svalbard in the north to Mandal in the south, as well as 11 centres in Sweden. Of these, 78 are wholly or partially owned shopping centres, and 29 are managed on behalf of external owners. Parts of the shopping centre portfolio are marketed and managed under the same brand name: Amfi. 96 shopping centres in Norway 11 shopping centres in Sweden NOK 67.2 billion store revenues in Norway SEK 13.5 billion store revenues in Sweden 200 million visitors annually 6 000 tenants 9 out Norway’s 10 largest shopping centres 3 Latest
    [Show full text]
  • Citycon Presentation
    APRIL 28TH, 2017 CITYCON PRESENTATION LIPPULAIVA – STUDEN IDEA & DESIGN COMPETITION BREEFING MEETING THIS IS CITYCON LEADING OWNER, MANAGER AND DEVELOPER OF SHOPPING CENTRES IN THE NORDICS AND BALTICS – 51 shopping centres1) – 200 million visitors p.a. – 13 managed/rented assets – Market cap. EUR 2 billion – GLA 1.2 million sq.m. – Credit ratings: Baa1 & BBB FINLAND PORTFOLIO VALUE Estonia and Denmark NORWAY SWEDEN 20 7% 2 Finland 9 Sweden1) 19 ESTONIA 27% 36 % 5 EUR billion DENMARK 1 Norway 30% 3 Key figures 31 March 2017 1) Including Kista Galleria Number of shopping centres TRUE PAN-NORDIC LEADER 340 140 125 95 90 FINLAND SPONDA ELO KEVA IDEAPARK 300 260 210 155 150 #1 SWEDEN ATRIUM UNIBAIL- OLAV THON STEEN &STROM LJUNGBERG RODAMCO 970 #2 #3 #2 340 205 140 95 NORWAY OLAV STEEN & STROM SALTO SCALA THON 145 100 80 ESTONIA ASTRI LINSTOW Retail GLA (thousand sq.m.) Source: Company reports, Pangea Property Partners analysis, as per April 2017 and Finnish Shopping Centres 2017. Includes only majority-owned 4 shopping centres. Includes some assumptions on retail proportion out of total GLA, where retail data not available. URBAN CROSSPOINTS DRIVEN BY STRONG DEMOGRAPHICS CORE ASSETS: –Urban environments, located where people live and work –Strong population growth and natural footfall –Integrated with public transportation –Shared access to education, health care, culture, municipal services 5 STRONG GROCERY-ANCHORING ‒ OVER 100 GROCERY STORES1) 2% 1% 9% 24% 9% Home and leisure Fashion Rental income Groceries Services and offices 269 Health and beauty 13% Cafés and restaurants MEUR Specialty stores Department stores 24% 18% As per 31 December 2016 6 1) Including Kista Galleria (50%) 90% OF CITYCON’S SHOPPING CENTRES ARE LOCATED IN CAPITAL OR MAIN CITIES ISO OMENA, KISTA GALLERIA, LILJEHOLMSTORGET KOSKIKESKUS, HERKULES, HELSINKI AREA STOCKHOLM2) GALLERIA, STOCKHOLM TAMPERE SKIEN GLA, sq.m.
    [Show full text]
  • Securities Note ISIN NO 0010818289
    Olav Thon Eiendomsselskap ASA – 11.06.2018 Securities Note ISIN NO 0010818289 Securities Note FRN Olav Thon Eiendomsselskap ASA Senior Secured Open Bond Issue 2018/2023 NO 0010818289 Arranger: 11.06.2018 Prepared according to Commission Regulation (EC) No 809/2004 - Annex XIII Olav Thon Eiendomsselskap ASA – 11.06.2018 Securities Note ISIN NO 0010818289 Important notice The Securities Note has been prepared in connection with listing of the securities at Oslo Børs. The Securities Note has been reviewed and approved by the Norwegian FSA in accordance with sections 7-7 and 7-8, cf. section 7-3 of the Norwegian Securities Trading Act. The Registration Document was approved by the Norwegian FSA 11.06.2018 and is still valid as of the date of this Securities Note. This Securities Note together with the Registration Document dated 11.06.2018 constitutes the Prospectus. The Prospectus is valid for a period of up to 12 months following its approval by the Norwegian FSA. The Norwegian FSA has not controlled or approved the accuracy or completeness of the information given in this Prospectus. The approval given by the Norwegian FSA only relates to the Issuer's descriptions pursuant to a pre-defined check list of requirements. The Norwegian FSA has not made any form of control or approval relating to corporate matters described in or otherwise covered by this Prospectus. New information that is significant for the Issuer or its subsidiaries may be disclosed after the Securities Note has been made public, but prior to the expiry of the subscription period. Such information will be published as a supplement to the Securities Note pursuant to Section 7-15 of the Norwegian Securities Trading Act.
    [Show full text]
  • «Hva Kan Norske Kjøpesentre Gjøre for Å Beholde Sin Posisjon I Handelsnæringen?»
    «Hva kan norske kjøpesentre gjøre for å beholde sin posisjon i handelsnæringen?» - Dybdeintervju i forbindelse med bacheloroppgave Ved Handelshøyskolen BI, Oslo Nordbyen Viktig informasjon: Vi skriver en oppgave om kjøpesenterbransjen som helhet. Svar derfor gjerne så generelt som mulig på følgende spørsmål. Dersom du har spesielt gode eksempler/ historier fra ditt senter, er det topp om du vil dele med oss! Dette kan bli benyttet i den ferdige oppgaven. GENERELT Hva gjør dere for å skape et attraktivt miljø, og behagelig atmosfære på senteret? S: God belysning, avslapningssoner og inspirerende utstillinger Tilbyr dere, eller kunne dere tenke dere å tilby ulike helsetjenester på deres senter? S: Vi tilbyr ikke, det kunne vært aktuelt å gjøre i fremtiden. Hvor verdifullt er det for dere å engasjere kundene gjennom produkt- demonstrasjoner, konkurranser, smaksprøver etc. på ditt senter? Utgjør dette en merkbar forskjell på kjøpsatferd? Forklar gjerne. S: Dette er verdifullt. Både fordi det øker bevisstheten rundt spesifikke butikker, men også fordi det er en opplevelse for kunden. Det oppleves som en merverdi ved å besøke kjøpesenteret. Det snakkes mye om at det å skape opplevelser for forbrukerne bør være det største fokuset blant kjøpesentrene i dag og i fremtiden. På hvilken måte arbeider dere med dette? Hvordan skaper dere opplevelser for kundene deres? S: Det er flere aspekter ved dette. Hovedsakelig jobbes det aktivt med å arrangere aktiviteter i senteret som engasjerer publikum. Dette blir viktigere i fremtiden for å beholde kjøpesenter som en naturlig møteplass. Hva mener dere er kriteriene for at et kjøpesenter skal fungere som en sosial plattform/ møteplass? (altså et sted hvor kundene møtes, enten bare for å være sammen, men også for å gjøre noe sammen).
    [Show full text]