CONTEXT

Dmitry Burlov
CEO, Magazin Magazinov

§ SHOPPING CENTERS MARKET

OVERVIEW, Q1 2018

§ SHOPPING CENTERS’ MARKET

TRENDS IN RUSSIA

1
 Shopping centers’ market / Russia vs. Europe 2

Russian retail stock Retail provision by country,

sq m per 1,000 citizens
26,3 mln sq m
Luxembourg 635
Netherlands 526
Spain 336
United Kingdom 304
Portugal 288
Italy 270
Poland 258
France 254
Germany 192
Russia 179
Retail provision
Turkey 153
179 sq m Hungary 133
Bulgaria 109
per 1,000 capita
Ukraine 72
Serbia 57

0 100 200 300 400 500 600 700

2 VISION 2030 RUSSIA CONSEIL IMMOCHAN GROUPE | MAY 2018

Shopping centers’ market / Russia 3

New supply in Moscow and Russian regions, New supply in Moscow vs. Russian regions,
‘000 sq m % of total completions

Moscow
11%
684

438 497
480
1 875 178
1 231 59
1 190
861 932
472 Regions
89%
2014 2015 2016 2017 2018F 2019F
2017
Regions Moscow

3 VISION 2030 RUSSIA CONSEIL IMMOCHAN GROUPE | MAY 2018

Shopping centers’ market / Moscow

New supply in Moscow, Vacancy rate in Moscow SC,

‘000 sq m % of GLA

10.0%
8.5% 8.5%

5.5%
684

438 497 480

178
59
2014 2015 2016 2017 2018F 2019F 2014 2015 2016 2017

4
International Brands / Russia

511 10 new international brands

international brands entered Russia in Q1 2018
presented in Russia

511 60
489 31 38
468 35

445 10
2014
2015
2016
2017
2014 2015 2016 2017 Q1 2018

5
F&B – Russia in European trend
F&B in Russian SC, % of GLA

12%
5%

Now 2020F 12%

6
Entertainment – activity in trend

Now 2020F

7
Community Centers vs. Large Malls

8
Redevelopment as a need

1.9 mln sq m
(34% of total stock)

SC constructed before 2010

9
Changes in urban infrastructure

250 transport hubs Hotel

Apartments

till 2020 in Moscow

Mall

Transport

10
 Thank you for attention!

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