13 September Berlin / Dresden - Corio.eu
13 September Berlin / Dresden - Corio.eu
13 September Berlin / Dresden - Corio.eu
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
Prime yield evolution (%)<br />
8.0<br />
7.5<br />
7.0<br />
6.5<br />
6.0<br />
5.5<br />
5.0<br />
4.5<br />
4.0<br />
Source: Jones Lang LaSalle<br />
German retail property market<br />
Resilient with limited supply<br />
Portugal Germany UK Spain<br />
Belgium Italy Netherlands France<br />
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009<br />
Below average existing shopping centre provision per<br />
capita<br />
Netherlands<br />
Sw eden<br />
UK<br />
Spain<br />
France<br />
Portugal<br />
Italy<br />
Czech Republic<br />
Germany<br />
Turkey<br />
Total GLA in m 2 /1,000 inhabitants<br />
Data as per January 2010<br />
0 100 200 300 400 500<br />
Key observations<br />
Over the last 15 years, spread between highest and lowest yields has<br />
been the lowest in Germany:<br />
� Germany 125 bps (mature, but not yet saturated market)<br />
� NL 200 bps (mature, but not very international market)<br />
� UK 200 bps (mature, liquid market)<br />
� France 350 bps (mature market)<br />
� Italy and Spain 400 bps (growth market)<br />
Comparatively small pipeline (%)<br />
Turkey<br />
Portugal<br />
Spain<br />
Italy<br />
Czech Republic<br />
Netherlands<br />
Germany<br />
France<br />
Sw eden<br />
UK<br />
Shopping centre pipeline 2010–2011<br />
as a % of shopping centre stock<br />
0 10 20 30 40 50<br />
<strong>13</strong> / 14 <strong>September</strong> 2010 Property tour Germany<br />
5
Change language