EMEARents mapRETAIL 2012

Accelerating success.

IRELAND

UNITED KINGDOM

FRANCE

SPAIN

PORTUGAL

BELGIUM

NETHERLANDS GERMANY

DENMARK

SWEDEN

NORWAY

FINLAND

RUSSIA

ESTONIA

LATVIA

LITHUANIA

POLAND

UKRAINE

SWITZERLAND AUSTRIA

CZECH REPUBLIC

SLOVAKIA

HUNGARY

CROATIA

SERBIA

ROMANIA

BULGARIA

TURKEY

GREECE

ITALY

SOUTH AFRICA

Edinburgh*

Birmingham*

Abu DhabiDubaiRiyadh

Manchester*Dublin*

London*

Paris*

Geneva

Madrid

Rome

Milan

Lisbon

Zurich

Stuttgart

Munich

Frankfurt

Düsseldorf

HamburgAmsterdam

EindhovenAntwerp

Copenhagen

Stockholm

HelsinkiSaint Petersburg

Tallinn

Oslo

Riga

Vilnius

Moscow

Warsaw

Kyiv

Bratislava

Budapest

Zagreb

BelgradeBucharest

So�a

Athens

Istanbul

Durban

Prague

Glasgow*

Vienna

Berlin

ALBANIATirana

Cape Town

BELARUS

Johannesburg

RotterdamThe Hague

UNITED ARAB

EMIRATES

SAUDIARABIA

Minsk

Utrecht

Bristol*

€833 tu4.50% tu€117 tu4.75% tu

€512 q4.60% p€83 q5.60% p

€656 tu3.50% tu€55 tu4.50% tu

€320 tu4.40% tu€100 tu5.50% tu

€200 tu4.41% tu€133 tu5.55% tu

€113 tu5.00% tu€105 tu6.00% tu

€220 tu5.00% tu€180 tu6.50% tu

€29 pN/A tu€44 tu7.50% tu

€154 q5.50% tu€110 q5.25% tu

€214 p13.00% q€105 p12.00% q

€456 pN/A tu€237 p10.00% tu

€27 p9.00% tu€37 p8.25% tu

€32 tuN/A tu€35 tu8.00% tu

€200 tu6.25% tu€90 tu6.50% tu

€40 tu8.00% tu€38 tu7.25% tu

€400 p4.25% p€80 tu6.00% p

€110 tu7.50% tu€65 q7.50% tu

€90 tu7.50% tu€79 tu6.50% tu

€225 tu11.00% tu€97 tu11.00% tu

€11 tu8.15% p10.5% p16,107

€10 q10.0% pn/a tu50,000

€12 16.8% n/a 11,600

€330 tu3.75% tu€90 tu5.75% tu

Leeds*

€145 tu5.10% tu€60 tu6.00% tu €140 tu

5.50% tu€110 tu6.00% tu

€120 tu5.00% tu€38 tu6.00% tu

€280 p4.70% tu€180 tu6.00% tu

€290 p4.40% tu€290 p5.75% tu

€240 tu4.25% tu€185 tu6.00% tu

€202 tu4.75% tu€106 tu5.50% tu

€170 N/A5.40% tu€140 N/A5.25% tu

€151 tu4.75% tu€146 tu5.00% tu

€40 tu9.00% tu€32 tu9.50% tu

€75 tu9.00% tu€65 tu8.50% tu

€110 tu8.00% tu€70 tu9.00% tu

€75 tu8.00% q€25 tu8.00% q

€45 q10.00% tu€33 q10.00% tu

€150 tu8.00% tu€45 tu8.00% tu

€595 p4.90% p€50 tu6.80% p

€73 tu7.50% tu€55 tu7.50% tu

€440 tu6.00% tu€60 tu7.00% tu

€200 tu5.50% tu€50 tu6.50% tu

€404 tu7.50% tu€305 tu8.00% tu

€269 tu5.25% tu€269 tu5.75% tu

€199 tu5.50% tu€215 tu5.75% tu

€226 tu5.50% tu€307 tu5.75% tu

€1076 p3.75% q€484 p5.00% q

€194 tu5.50% tu€140 tu5.75% tu

€269 tu5.00% tu€215 p5.75% tu

€28 qN/A N/A€64 qN/A N/A

€11 qN/A N/A€57 qN/A N/A

€47 tu9.50% tu€58 tu11.00% tu

€225 tu6.50% tu€145 tu6.50% tu

Abu DhabiDubai

Cairo

UNITED ARAB

EMIRATES

SAUDI ARABIA

EGYPT

€37 N/A10.00% N/A€49 N/A17.00% N/A

€34 N/AN/A N/A€64 N/AN/A N/A

€26 N/AN/A N/A€64 N/AN/A N/A

€42 N/AN/A tuN/A tu14.50% tu

€108 tu5.00% tu€101 tu6.00% tu

Riyadh

€50 tu9.50% tu€62 tu11.00% tu

€129 tu6.50% tu€210 tu6.00% tu

EMEA Retail Rents Q1 2012

This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and/or its licensor(s). ©2012. All rights reserved.

Key

Prime High Street Rent (EUR/sq m/month)

Prime High Street Yield

Prime Shopping Centre Rent (EUR/sq m/month)

Prime Shopping Centre Yield

Definitions•Prime High Street Rent: Top open market rent that could be expected

for a unit of standard size within the market - typically 100 to 200 sq m. The figure does not include service charges and taxes, and does not reflect tenant incentives.

•Prime High Street Yield: The net yield an investor is prepared to pay for a prime retail asset, fully-let to high quality tenants at an open market rent in a prime high street location. Net yield = net income/gross purchase cost.

•Prime Shopping Centre Rent: Top open market rent that could be expected for an in-line unit of standard size within a prime centre. The figure does not include service charges and taxes, and does not reflect tenant incentives.

•Prime Shopping Centre Yield: The net yield an investor is prepared to pay for a prime shopping centre asset, fully-let to high quality tenants at open market rents. Net yield = net income/gross purchase cost.

Please note that the figures quoted represent an approximate guide only. Our objective is to provide data not long after the date to which it is relevant. Consequently some of these figures are subject to change at a later date if more information comes to light.

Figures are as at 31st March 2012.

Arrows indicate expected movement over the next 12 months.

* Figures represent Zone A Rents

Colliers International

Colliers International is the leader in global real estate services defined by our spirit of enterprise. Through a culture of service excellence, and a shared sense of initiative, we have integrated the resources of real estate specialists worldwide to accelerate the success of our clients.

When you choose to work with Colliers, you choose to work with the best. In addition to being highly skilled experts in their field, our people are passionate about what they do. And they know we are invested in their success just as much as we are in our clients’ success.

The foundation of our service is the strength and depth of our specialists. Our clients can depend on our ability to draw on years of direct experience in the local market. Our professionals know their communities and the industry inside and out. Whether you are a local firm or a global organisation, we provide creative solutions for all your real estate needs.

Our services include:

Brokerage Sales and Leasing • Landlord Representation • Tenant Representation Corporate Solutions Development Solutions Investment Services Project Management Real Estate Management Services Valuation and Advisory Services

We cover the following core sectors as well as many specialised sectors:

Office Industrial and Logistics Retail Hotel Residential Mixed use

Whether advising on major shopping centres or individual units, in-town or out-of-town, on main streets or retail parks, Colliers International offers a wide range of transactional and consultancy services for landlords, investors, and retailers in the EMEA and globally.

Our retail specialists provide a comprehensive range of services including planning and development consultancy, feasibility studies, tenant mix, funding advice, valuation, marketing and leasing, property and facility management, investment services, and much more.

Access to local market knowledge around the world in both capital and secondary cities enables Colliers to provide creative solutions to client needs by drawing on a range of expertise – including research, planning, valuation, project management and marketing. Investment and asset management specialists are brought in whenever a project will benefit from the application of their skills, enabling Colliers to provide portfolio reviews, investment strategies, advice on funding and other relevant expertise.

Committed to maximising the return on investment for developers of retail projects, Colliers creates value for clients by providing advisory services from the concept development phase, through the management of the project to implementation of the marketing and leasing process, and finally to the investment sale.

Colliers’ track record is unmatched – especially in the newer markets in Europe, the Middle East and southern Africa where we are the leading retail service provider.

Retail Services

EMEARetail Contacts:

Albania+355 4 2 400 470Stela Dhami

Austria+ 43 1 535 53 05 22Stefan Goigitzer

Belarus +375 172 569 569Andrey Pavlyshko

Belgium+32 3 224 89 89Els de Clerq

Bulgaria+359 2976 99 76Iglika Yordanova

Croatia+385 98 9830 662Nenad Peris

Czech Republic+420 226 537 618Chris Sheils

Denmark+45 585 83810Bjarne Gothenborg

Estonia+372 616 0777Svetlana Mitrofanova

Finland+358 400 719 920Ari Isohella

France+33 1 56 88 92 90Henri-Claude Yautier

Germany +49 711 22 733 23Falko Streber

Greece+30 210 68 32 440Dimitris Voutsas

Hungary+36 1 336 4222Anita Csorgo

Ireland+353 1 633 3732Declan Stone

Italy +39 02 67 16 02 01Carlo Losa

Latvia+371 6 778 3333Jana Meirane

Lithuania+370 52 491 212Mindaugas Kulbokas

Netherlands+31 205 405 560Jaap van Rhijn

Norway+47 22 96 02 40 83Christian Petersen

Poland+48 513 220 527Gary Thursby

Portugal+351 21 350 5841Joaquim Chambel

Romania+40 21 319 77 77Georgiana Andrei

Russia (Moscow)+7 495 258 51 51Galina Maliborskaya

Russia (St Petersburg)+7 812 7183618Roman Evstratov

Saudi Arabia+966 1 217 9997Ahmad Ali Al Jonubi

Serbia+381 11 313 99 55Maja Sahbaz

Slovakia+421 259 980 980Robert Bernath

Spain+34 91 436 0925Neil Livingstone

Sweden +46 70 575 02 43Kjell Lexbom

Switzerland+41 43 210 51 00Yonas Mulugeta

Turkey+90 212 288 6262Asli Senan

Ukraine+380 44 499 0000Natalia Kravets

United Arab Emirates+971 4 453 7400Stuart Gissing

United Kingdom+44 20 7935 4499Stuart La Frenais

EMEA Headquarters+44 20 7935 4499emea.retail@colliers.com

www.colliers.com/EMEAretail