SERBIA&CROATIA CONTENT AIL MACRO-ECONOMIC OVERVIEW SERBIA RETAIL MARKET RET BELGRADE RETAIL MARKET BELGRADE SHOPPING CENTERS BELGRADE HIGH-STREET RETAIL PARKS OCCUPIERS FOCUS SERBIA RETAIL AGENCY CONTENT AIL MACRO-ECONOMIC OVERVIEW SERBIA RETAIL MARKET RET BELGRADE RETAIL MARKET BELGRADE SHOPPING CENTERS BELGRADE HIGH-STREET RETAIL PARKS OCCUPIERS FOCUS SERBIA RETAIL AGENCY CORRIDOR 7 CORRIDOR 10 MACRO- Up to 3hrs London Up to 2hrs Moscow Berlin Up to 1hr Helsinki, 1745 ECONOMIC Stockholm Duserdolf Bucharest Oslo, 1803 Amsterdam Frankfurt Istanbul Stockholm, 1624 Moscow, 1725 Kiev Ljubljana OVERVIEW Milan Rome Copenhagen, 1330 Munich Vienna Minsk, 1135 Amsterdam, 1415 Warsaw, 829 Paris Zurich London, 1690 Berlin, 998 Prague Tivat Brisel, 1373 Kiev, 983 Zagreb Prague, 741 Viena, 491 Bratislava, 453 Ÿ Paris, 1445 Serbia is located in the Southeastern Europe, in the central part of Budapest, 320 Chisinau, 698 Bern, 1365 Balkan Peninsula, at the intersection of Pan European Corridors X Belgrade and VII (Danube River), on the way from Europe to Asia. Bucharest, 450 Ÿ Pan European Corridor X is the most important European highway Sofia, 328 Istanbul, 812 corridor passing through the country, leading from Salzburg through Rome, 716 Belgrade and Nis, and further branching off to Athens and Sofia. Madrid, 2030 Another branch of the corridor links Belgrade with Budapest. Lisboa, 2526 Ÿ EU candidate status, gained in March 2012; On-going EU accession Atina, 808 negotiations, full membership expected in 2025. CORRIDOR 7 CORRIDOR 10 MACRO- Up to 3hrs London Up to 2hrs Moscow Berlin Up to 1hr Helsinki, 1745 ECONOMIC Stockholm Duserdolf Bucharest Oslo, 1803 Amsterdam Frankfurt Istanbul Stockholm, 1624 Moscow, 1725 Kiev Ljubljana OVERVIEW Milan Rome Copenhagen, 1330 Munich Vienna Minsk, 1135 Amsterdam, 1415 Warsaw, 829 Paris Zurich London, 1690 Berlin, 998 Prague Tivat Brisel, 1373 Kiev, 983 Zagreb Prague, 741 Viena, 491 Bratislava, 453 Ÿ Paris, 1445 Serbia is located in the Southeastern Europe, in the central part of Budapest, 320 Chisinau, 698 Bern, 1365 Balkan Peninsula, at the intersection of Pan European Corridors X Belgrade and VII (Danube River), on the way from Europe to Asia. Bucharest, 450 Ÿ Pan European Corridor X is the most important European highway Sofia, 328 Istanbul, 812 corridor passing through the country, leading from Salzburg through Rome, 716 Belgrade and Nis, and further branching off to Athens and Sofia. Madrid, 2030 Another branch of the corridor links Belgrade with Budapest. Lisboa, 2526 Ÿ EU candidate status, gained in March 2012; On-going EU accession Atina, 808 negotiations, full membership expected in 2025. SERBIA SHOPPING CENTER STOCK SERBIA RETAIL MARKET SERBIA KEY FACTS - SERBIA IN SQ M GLA DEVELOPMENT RETAIL Population: . 7,186,862 MARKET Modern retail stock: . 907,000 GLA 907,000 sq m GLA Average household expenditure 2019: . EUR 569 Belgrade 398,000 Retail stock in Q3 2019 126 sq m per 1,000 inhabitants Over the years, Serbian retail market has become an interesting destination for Stock in sq m 197,000 sq m GLA many international brands. The existing stock of modern shopping centers 1,000 inhabitants recorded a large percentage of occupancy, while in recent years, high-street retail Shopping centers under construction 350-500 have become richer for more international brands. Despite the lower standard of 250-350 living, Serbian population can be characterized as a consumer population. Cacak 18,320 200-250 1,100,000 sq m GLA Although Serbia is still underdeveloped as compared to the rest of the region, the retail Sabac 170-200 Novi Sad market continues to pick up after the economic downturn. The current time is 21,102 Retail stock by 2020YE <170 115,200 considered attractive for international retailers as they have the opportunity to position Indjija 23,100 themselves in the market which is expected to grow moving closer to EU accession. 150 sq m GLA Zrenjanin Retail stock per 1,000 inhabitants by 2020YE The modern retail stock in whole Serbia stands at the level of app. 907,000 sq m of GLA, 33,944 Pancevo Kragujevac 58,216 whereas 43% is available in the capital. 30,000 Nis 46,977 SERBIA SHOPPING CENTER STOCK SERBIA RETAIL MARKET SERBIA KEY FACTS - SERBIA IN SQ M GLA DEVELOPMENT RETAIL Population: . 7,186,862 MARKET Modern retail stock: . 907,000 GLA 907,000 sq m GLA Average household expenditure 2019: . EUR 569 Belgrade 398,000 Retail stock in Q3 2019 126 sq m per 1,000 inhabitants Over the years, Serbian retail market has become an interesting destination for Stock in sq m 197,000 sq m GLA many international brands. The existing stock of modern shopping centers 1,000 inhabitants recorded a large percentage of occupancy, while in recent years, high-street retail Shopping centers under construction 350-500 have become richer for more international brands. Despite the lower standard of 250-350 living, Serbian population can be characterized as a consumer population. Cacak 18,320 200-250 1,100,000 sq m GLA Although Serbia is still underdeveloped as compared to the rest of the region, the retail Sabac 170-200 Novi Sad market continues to pick up after the economic downturn. The current time is 21,102 Retail stock by 2020YE <170 115,200 considered attractive for international retailers as they have the opportunity to position Indjija 23,100 themselves in the market which is expected to grow moving closer to EU accession. 150 sq m GLA Zrenjanin Retail stock per 1,000 inhabitants by 2020YE The modern retail stock in whole Serbia stands at the level of app. 907,000 sq m of GLA, 33,944 Pancevo Kragujevac 58,216 whereas 43% is available in the capital. 30,000 Nis 46,977 BELGRADE KEY FACTS - SERBIA RETAIL STOCK IN BELGRADE, PER TYPES OF SHOPPING CENTERS Population: . 1,659,440 Western-Style Shopping Center RETAIL Modern retail stock: . 398,000 GLA MARKET Average household expenditure 2019: . EUR 632 179,950 Retail Park 89,300 Belgrade as the capital dominates the real estate scene. The presence of shopping centres Neighborhood Mall is still far from the world trends and from the 65,700 trends in more developed countries of Eastern and Central Europe. Due to the limited offer, Secondary SC schemes Belgrade rarely sees any vacant space in the prime shopping centers. In general, the 36,100 vacancy rate is usually around 5%. 398,000 SQ M GLA Department store RETAIL STOCK IN Q3 2019 35,845 BELGRADE KEY FACTS - SERBIA RETAIL STOCK IN BELGRADE, PER TYPES OF SHOPPING CENTERS Population: . 1,659,440 Western-Style Shopping Center RETAIL Modern retail stock: . 398,000 GLA MARKET Average household expenditure 2019: . EUR 632 179,950 Retail Park 89,300 Belgrade as the capital dominates the real estate scene. The presence of shopping centres Neighborhood Mall is still far from the world trends and from the 65,700 trends in more developed countries of Eastern and Central Europe. Due to the limited offer, Secondary SC schemes Belgrade rarely sees any vacant space in the prime shopping centers. In general, the 36,100 vacancy rate is usually around 5%. 398,000 SQ M GLA Department store RETAIL STOCK IN Q3 2019 35,845 RETAIL PROJECT GLA RETAIL TYPE PHASE 8 1 Delta City 30,000 BELGRADE 2 Usce shopping center 47,000 Western-type 9 3 Stadion SC 28,000 SHOPPING shopping center 4 BIG Fashion 32,000 GLA CENTERS 5 Ada Mall 34,000 Opened Mercator 21,000 6 projects 10,000 Neighborhood mall 7 Rajiceva Shopping Mall 15,000 8 Stop.Shop Borca 13,000 6 7 2 4 12 9 Zemun Park 16,000 15 50,000 1 10 Aviv Park Beograd 11,000 Retail Park 13 11 Capitol Park Rakovica 23,300 5 16 12 BIG Fashion Park 14,800 14 10 100,000 13 Belgrade Waterfront app. 93,000 Western-type Under 3 shopping center 14 BEO Shopping center app. 44,000 Construcon 15 West 65 app. 11,000 Neighborhood mall 16 Delta Planet app. 70,000 Western-type S.C. Planned 17 IKEA Retail Park 30,000 Retail Park 11 17 RETAIL PROJECT GLA RETAIL TYPE PHASE 8 1 Delta City 30,000 BELGRADE 2 Usce shopping center 47,000 Western-type 9 3 Stadion SC 28,000 SHOPPING shopping center 4 BIG Fashion 32,000 GLA CENTERS 5 Ada Mall 34,000 Opened Mercator 21,000 6 projects 10,000 Neighborhood mall 7 Rajiceva Shopping Mall 15,000 8 Stop.Shop Borca 13,000 6 7 2 4 12 9 Zemun Park 16,000 15 50,000 1 10 Aviv Park Beograd 11,000 Retail Park 13 11 Capitol Park Rakovica 23,300 5 16 12 BIG Fashion Park 14,800 14 10 100,000 13 Belgrade Waterfront app. 93,000 Western-type Under 3 shopping center 14 BEO Shopping center app. 44,000 Construcon 15 West 65 app. 11,000 Neighborhood mall 16 Delta Planet app. 70,000 Western-type S.C. Planned 17 IKEA Retail Park 30,000 Retail Park 11 17 DELTA CITY ABOUT SHOPPING CENTER ABOUT SHOPPING CENTER USCE SHOPPING CENTER SHOPPING CENTER LOCATION Jurija Gagarina Street LOCATION Mihajla Pupina Blvd. CATCHMENT AREA 250,000 CATCHMENT AREA 300,000 OPENING YEAR 2007 OPENING YEAR 2009 SIZE 30,000 GLA SIZE 46,650 GLA VACANCY RATE 0% VACANCY RATE 0% ANNUAL FOOTFALL App. 10 million ANNUAL FOOTFALL App.11 million GRADE SHOPPING CENTERS BEL MAJOR TENANTS MAJOR TENANTS FASHION H&M, Inditex brands, Sportina, FASHION Inditex brands, XYZ, LC Waikiki Armani Exchange, Esprit, Timberland ACCESSORIZE/ Carpisa, Pandora, ACCESSORIZE/ Parfois, Pandora, BAGS / WATCHES The Manual Co., Parfois BAGS / WATCHES Swarovski, Bomar SHOES Deichmann, Aldo, Bata SHOES Deichmann, Aldo, Bata HEALTH & BEAUTY MAC, Sephora, Lilly, dm drogerie markt HEALTH & BEAUTY Sephora, Lilly, L’Occitane KIDS DexyCo Kids, BebaKids KIDS DexyCo Kids, Ciciban ENTERTAINMENT Cineplexx, Fitness and Gym ENTERTAINMENT Cineplexx FOOD AND BEVERAGE Vapiano, McDonalds, KFC, IDEA FOOD AND BEVERAGE McDonalds, KFC, Maxi DELTA CITY ABOUT SHOPPING CENTER ABOUT SHOPPING CENTER USCE SHOPPING CENTER SHOPPING CENTER LOCATION Jurija Gagarina Street LOCATION Mihajla Pupina Blvd.