CG malls europe - Commerz Real

The location and accessibility of the mall ensure a constant footfall. The mall is open
seven days a week, year round. According to the official Portuguese census figures from
2001, approx. 440,000 people live within a catchment area of a 15-minute commute, with
another 1,600,000 residents living within a catchment area of a 15- to 30-minute commute.
Overall, more than 2 million potential consumers are able to get to the centre within
30 minutes. This is reflected in the 15.4 million customers who visited Almada Forum in
2009. Forecasts have predicted positive demographic growth for the area.
Almada Forum Catchment Area
Primary catchment
Secondary catchment
Source: www.viamichelin.de
LISBOA
Almada
Almada Forum
Seixal
Rio Tejo
Sesimbra
Montijo
Rio Tejo
Barreiro
Alcochete
Pinhal Novo
Palmela
According to the figures for 2006 published by INE (EPCC 2005 Estudo do Poder de
Compra Concelhio), the purchasing power index for Almada, where the mall is located,
equals 128, the reference index value being the Portuguese national average (100). In
general, the purchasing power of the entire Lisbon area lies far above the average. In
2009, sales at the Almada Forum amounted to EUR 210 million, which translates into to
a turnover per sqm of approximately EUR 4,000 annually. The centre generated a rental
income of approximately EUR 23.7 million in 2009, including base rent, turnover rent
and revenues from temporary lettings (mall income). Simultaneously, the 2009 effort
index (rent/sales ratio) for the tenants had a level of 13% on average.
Competition amongst shopping centres in Portugal, especially in Lisbon, is fierce. The
major competitors of Almada Forum are the “Centro Colombo” with a gross lettable area
(GLA) of around 120,000 sqm, and “Centro Vasco da Gama” with a GLA of approximately
48,000 sqm. With the new centre “Dolce Vita Tejo” (opened in May 2009) and its GLA of
more than 120,000 sqm, another potent competitor has entered the market. All three of
Moita
Quinta do Conde
Lisboa
Setúbal
Property Report
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