H i Q tl R t Q4/2011 Hanoi Quarterly Report Q4/2011 AGENDA - CBRE

• MAJOR TENANT MOVEMENTS• The Garden MallRETAILExisting Supply by District (NLA sm)• Ground Floor attracted new brandsDong Da Hai Ba Trung Hoan Kiem• Mango, Accessorize, Charles & Keith etc.Tu Liem Cau Giay Long Bien• Hero World (FEC) replaces Home CenterOthers(electronic)4%15%• Pico Mall• Food Court on the 4 th and 5 th floor opened32%11%• Snowee, Pizza Hut, KFC etc.6%• Megastar (Cinema) will open Q1/201213%• Grand Plaza19%• Shop tenants continued to withdraw• F&B has seen two new establishmentsSource: CBRE Vietnam• Hang Da GalleriaTotal area vs. leased area (sm NLA)• Several (mainly fashion) shops opened• 3 rd (Shops) and 4 th Total area (sm NLA) Leased area (sm NLA)(F&B) floor will open inQ1/2012300,000• Vincom City Towers & Vincom Galleries 250,000• 100% occupancy remained despite minor200,000changes• Replay, Kappa, G2000, Ferraud Paris, etc.• Metropol Sofitel Arcade• Panerei opened shop• Cartier & Chopard in fitting-out stage150,000100,00050,0000Source: CBRE Vietnam2007 2008 2009 2010 201117 CBRE RESEARCH & CONSULTING MARKET INSIGHTS FROM CBRE’s HANOI QUARTERLY REPORT | JAN 2012• EXPECTED SUPPLY IN 2012• Roughly 181,000 sm (GFA), significant projects are:• Trang Tien Plaza (14,000 sm)• Indochina Plaza (35,000 sm )• Habico Tower (34,000 sm )• Melinh Plaza in Ha Dong (45,000 sm)• Thang Long Int. Village (23,322 322 sm)Trang Tien Plaza – Q1/Q2Indochina Plaza HN – Q1/Q2Future Supply (GFA sm)RETAILUnder Construction Planning Status800,000600,000400,000200,00002012f 2013f +2014fSource: CBRE VietnamFuture Supply by Location (GFA sm)CBDnon-CBD800,000600,000000400,000200,00002012f 2013f +2014fSource: CBRE Vietnam18 CBRE RESEARCH & CONSULTING MARKET INSIGHTS FROM CBRE’s HANOI QUARTERLY REPORT | JAN 2012