Retail Facts

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Retail Facts Figures

• Jean-Paul Sols
• Intervest Retail
• 22 April 2009
• Antwerp Real Estate 2009

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Intervest Retail

• Investment fund (REIT) quoted on Euronext
  Brussels
• Retail investments on top locations in Belgium
• Inner city shops (45)
• Retail warehouses and shopping centres (55)
• Key figures on 31 December 2008
• Fair value 327 million
• 166,417 m² of lettable area
• Annual rental income 20.6 million

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Intervest Retail

• 271 units on 97 locations

31
6
3
12
5
13
10
4
10
2
1
4
Antwerp compared to other Belgian cities
lt Market Beat Cushman Wakefield, Expertise Immo
Media CBRE
Figures based on value on 31/12/2008
5
Antwerp compared to other European cities
6
Antwerp compared to other European cities
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Intervest Retail - Antwerp

• Present in all important Antwerp shopping
  segments
• Inner city shops (traditional shopping area,
  trendy area with specialised shops and railway
  area)
• District stores (Hoboken Zeelandstraat, Merksem
  Bredabaan, Mortsel Statielei)
• Retail parks (Wilrijk Boomsesteenweg)
• 29.2 of operational portfolio is situated in the
  province of Antwerp

Antwerp 29.2
Other locations in Belgium 70.8
Figures based on value on 31/12/2008
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Retail property market
Merksem, Hoboken, Mortsel
Stand-alone
District
Stand-alone clusters
Neighbourhood
Deurne Gitsschotelei
Frans Beirenslaan Borsbeek
City centre
Intervest Retails preferred investments
Regional
Meir
Retail Parks / Out-of-Town Shopping Centres
Stand-alone
Boomsesteenweg, Bredabaan, Noorderlaan, Wijnegem
Shopping Centre
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Retail property market

• City centre with a large sized catchment
• Dominant and dynamic
• Good atmosphere
• Large interest from international retailers
• Attractive mix of retail, leisure and other
  functions
• Critical mass creates platform specialised retail

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Retail property market

• District centre with a strong ability to compete
• Important role in the wider community for
  everyday shopping
• and addressing the specific shopping behaviour
  of the local community
• Interest from international retailers in
  development
• Retail parks / out-of-town shopping centres with
  a large catchment area
• Large stores popular with consumers
• Good parking facilities
• Good accessibility
• Growing interest from international retailers

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Intervest Retails Antwerp properties
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Antwerp inner city
1
3
2
1
Traditional shopping area (main streets) Meir,
Leystraat
Trendy area with specialised shops Wilde Zee
Schuttershofstraat - Huidevetterstraat
2
3
Railway area Leien - Station
13
South Antwerp
StuntAbdijstraat 29
BoekenvoordeelAbdijstraat 82/84
4
South Antwerp (Abdijstraat)
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Rent 2004 - 2009

• Traditional shopping area (main streets)
• Stable tenancies
• Steadily increasing rents
• Trendy area with specialised shops
• Varying tenants
• Rapidly increasing rents individual rent
  increases up to 40 in the last 3 years

1
2
15
Rent 2004 - 2009

• Railway area
• Barely any rental increase and several rent
  reductions due to road works
• South Antwerp
• (Still) considerable rent increases for new
  tenants / rent renewals (15.20 in 2009)

3
4
Rent increase
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Yields 2004 - 2009

• Traditional shopping area - 130 base points on
  average
• Trendy area with specialised shops - 130 base
  points on average
• Railway area - 60 base points on average
• South Antwerp - 75 base points on average

1
2
3
4
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Estimated Rental Value (ERV)2004 - 2009
1

• Traditional shopping area increasing ERV (2.5
  on average)
• Trendy area with specialised shops increasing
  ERV (6.1 on average)
• Railway area slightly decreasing ERV (0.15 on
  average)
• South Antwerp slightly decreasing ERV (0.4 on
  average)

2
3
4
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Intervests future developments in Antwerp

• Boomsesteenweg 801, Wilrijk
• Current situation
• Brico logistics centre
• Brico is leaving
• 29,000 m²

• Plans
• 10,000m² destination store(s) 6 units of
  1,000m²
• Optimal parking ratio
• Intervest aims to redevelop this logistic centre
  into a commercial attraction

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meer info op www.intervestretail.be