PROVINCE. Lombardy - Italy. Real Estate Market - 1st Semester Copyright 2013 World Capital. All Rights Reserved.

Transcription

3 BERGAMO PROVINCE Real Estate Market - 1st Semester 2013 Lombardy - Italy Index: Introduction Office real estate market Province and Municipality Lease Trend - Across the Globe Retail real estate market Retail High-street market Industrial real estate market Province Europe prime industrial cities - lease rate Hotel real estate market Hotel & tourism attractions Tourism flows Hotel investment Appeal Index

4 France Switzerland Austria Slovenia ITALY 1

5 Maggiore Lugano Como Varese Idro Garda LOMBARDY REGION 2

6 LOMBARDY Real Estate REPORT LOMBARDY Real Estate REPORT Lombardy s GDP GDP Year GDP Millions of euro GDP per capita-euro , , , , , , , , , , , , , , , , , , , , , , , ,5 Source: ISTAT, Italian National Institute of Statistics Provinces of Lombardy Province Population Area (km²) Municipalities (n ) Bergamo Brescia Como Cremona Lecco Lodi Mantua Milan Monza & Brianza Pavia Sondrio Varese Lombardy ,62 Italy Source: ISTAT, Italian National Institute of Statistics 3

7 LOMBARDY Real Estate REPORT LOMBARDY Real Estate REPORT A51 A9 A26 Maggiore Lugano Como A22 Varese PEDE MONTANA Idro Garda A4 BREBEMI A4 A21 Borni- Mortara A1 A7 Regional Road Transport System 4

8 Bergamo Province Bergamo is located in the centre of Lombardy, one of the most dynamic and economically developed areas in the EU. Its central position enhances communication with other markets and boosts the prestige of the whole area. With a population of over 1 million, Bergamo is famous for its craft firms, which account for 40% of the approx. 95,000 companies based here. 5

9 LOMBARDY Real Estate REPORT LOMBARDY Real Estate REPORT Foreign companies percentage by sector Food derivatives 3,30% Precision mechanics equipment 3,30% Metalworking (inc, alloys) 3,30% Plastic products 3,90% 2,80% Other professional services 27,23% Wholesale trading Transport & logistics 3,90% Metal production 4,40% Electricity, gas & water 6,71% Machinery & mechanical equipment 11,71% 29,43% Other Source: ISTAT, Italian National Institute of Statistics Egypt China Pakistan 3% 3% Ukraine 4% 5% Bolivia 7% 24% Morocco Foreign Citizens Population First 10 Nationalities Source: ISTAT, Italian National Institute of Statistics India 10% 17% Romania Senegal 12% 15% Albania Bergamo s GDP Trend YEAR GDP per capita-euro , , , , , , , , ,30 Sources: ISTAT, Italian National Institute of Statistics - Unioncamere - Istituto G. Tagliacarne 6

10 LOMBARDY Real Estate REPORT OFFICE real estate market Bergamo Province - Office Lease Rate /m²/year Bergamo is home to global companies and SMEs that supply all types of goods and services. Skilled labour is widely available, owing to the quality and diversity of the education system. Bergamo has the largest concentration of services to industry in Italy and is one of the most important financial centres in Europe. Bergamo leads the way in research thanks to its two main technology parks; Point (part of Bergamo Sviluppo, an Agency of Bergamo Chamber of Commerce), a science park which supports companies in research and innovation projects, and the Kilometro Rosso Science and Technology Park, which aims to create a hub of knowledge and technology for the benefit of innovation-driven companies and scientific/r&d centres. Boario Spa Pisogne Brescia Average annual lease price BERGAMO 150 /mq 130 /mq 110 /mq 90 /mq 70 /mq No/ very local office market Milan Turin LEGEND OFFICE CENTRE ORIO AL SERIO AIRPORT INFRASTRUCTURE UNDER CONSTRUCTION ACTUAL INFRASTRUCTURE A4 HIGHWAY Venice Rovato Brescia Gorgonzola Milan Cessano d Adda Milan Chiari Brescia Rivolta d Adda Milan Randino Crema Crema Soncino Cremona RAILWAY LINE Bergamo Municipality - Office Lease Rate /m²/year 240 /mq 300 /mq 220 /mq 240 /mq 200 /mq 220 /mq 180 /mq 200 /mq 160 /mq 180 /mq 140 /mq 160 /mq 120 /sqm 140 /mq 100 /sqm 120 /mq 80 /sqm Streets Streets Highway Highway A4 Highway A4 Highway /mq No office market Min annual lease rate Max annual lease rate

11 LOMBARDY Real Estate REPORT 1st semester Bergamo Province Lease Trend - Across The Globe Lease rate /sq.m/year Sao Paulo Rio de Janeiro San Francisco Bogota Vancouver Lima London Brussels Moscow Paris Bergamo Frankfurt Warsaw Madrid Prague Budapest Hong Kong Tokyo Beijing Delhi Singapore Shanghai Mumbai Kuala Lumpur Seoul Sydney Melbourne Latin America- America-Canada Europe Asia Australia Growth rate % Beijing 20 Sao Paulo Stockholm 5 0 New York Shanghai London Dubai Frankfurt Bergamo Rome -5 Moscow Barcelona Brussels Madrid -10 Paris -15 Hong Kong Vacancy rate % 31% San Francisco Sao Paulo Rio de Janeiro Vancouver Bogota Lima Budapest Prague Frankfurt Bergamo Brussels Warsaw Moscow Madrid Paris London Hong Kong Tokyo Beijing Delhi Singapore Shanghai Mumbai Kuala Lumpur Seoul Sydney Melbourne Latin America- America-Canada Europe Asia Australia 8

12 LOMBARDY Real Estate REPORT RETAIL real estate market Bergamo city- Retail High streets Via Sant'Alessandro Lease: /m²/year Examples of existing brands: Jean Louis David SUPERGA MANGO Historical Centre Zone Pedestrian zone City train station Via Sant'Orsola Lease: /m²/year Examples of existing brands: Borsalino NADINE - Paolo Tonali Carpisa- Franco Via XX Settembre Lease: /m²/year Examples of existing brands: SEPHORA - Sisley - BOGGI Foot Locker - Benetton - Luisa Spagnoli - Elena Miro SISLEY - MAX&Co - KIKO MAXMARA - goldenpoint - CK Swatch -ZARA - SWAROVSKY 9

13 LOMBARDY Real Estate REPORT 1st semester Bergamo Province Lease Rate - Bergamo Municipality /m²/year Country City Prime street Italy Bergamo Via XX Settembre Via S Orsola Via S. Alessandro Lease Trend - Across The Globe /m²/year Country City Prime Street China Hong Kong Causeway Bay 12,644 22,307 22,764 U.S.A New York Fifth Avenue 18,003 22,047 22,340 U.K London Oxford Street - West 9,353 13,406 13,103 France Paris Avenue des Champs-Elysées 7,310 10,375 11,229 Switzerland Zurich Bahnhofstrasse 7,997 8,164 8,216 Italy Bergamo Via XX Settembre Australia Sydney Pitt Street Mall 7,544 7,243 7,141 Belgium Brussels Rue Neuve 7,800 7,409 7,115 Russia Moscow Tverskaya 5,769 5,669 5,718 Japan Tokyo Ginza (Chuo Street ) 5,108 5,116 4,965 Germany Munich Kaufingerstraße 4,346 4,103 4,083 Germany Frankfurt Zeil 3,550 3,609 3,620 Germany Hamburg Spitalerstraße 3,157 3,483 3,470 Germany Berlin Tauentzienstraße 2,889 2,738 3,100 China Shanghai Nanjing Road West 2,730 2,772 2,851 China Beijing Wangfujing 2,152 2,495 3,324 S.Corea Seoul Myeongdong 2,085 2,090 2,062 Spain Madrid Puerta del Sol Preciados 2,303 2,487 2,343 India Delhi Khan Market 2,319 2,169 2,174 Brazil Rio de Janeiro Garcia D`Avila 1,340 1,532 1,570 U.A.E Dubai Sheikh Zayed Road BRIC countries Lease /sqm/year 25,000 20, ,000 10,000 5,000 0,000 Hong Kong New York London Paris Zurich Brussels Sydney Rome Moscow Tokyo Munich Frankfurt Hamburg Beijing Berlin Shanghai Seoul Madrid Delhi Rio de Janeiro Bergamo Dubai 10

14 LOMBARDY Real Estate REPORT INDUSTRIAL real estate market Industrial Key Sectors Mechatronics Lighting & IT Chemicals & Pharmaceutical Creative industry ( fashion & design ) Rubber and Plastic Bergamo produces 4% of Italian exports (12% of exports from Lombardy) and in the last few years the main export destinations were Europe (two-thirds), North America (close to 10%) and China. Industry is very competitive and export-oriented. Machinery and chemicals are the main sectors, followed by more traditional Italian industries. Bergamo's economic prosperity is highlighted by the average per capita income, which is 14% higher than the EU average. Unemployment is minimal. Bergamo is a pivotal interchange on transport routes between Lombardy and the Veneto region. Well connected to Milan by the A4 (Milan -Venice) motorway and by rail, Bergamo is also linked to European countries and markets through its Orio al Serio international airport, one of the top three in Lombardy. Bergamo Province - industrial zones Boario Spa Pisogne Brescia Average annual lease price BERGAMO 50 /mq 40 /mq 35 /mq 30 /mq 25 /mq Milan Turin Venice Rovato Brescia Gorgonzola Milan Cessano d Adda Milan Chiari Brescia No/local market LEGEND LOGISTIC HUB ORIO AL SERIO AIRPORT ACTUAL INFRASTRUCTURE Rivolta d Adda Milan SS671 HIGHWAY RAILWAY LINE Randino Crema Crema Soncino Cremona All values are expressed in / sq m / year and may be increased or decreased up to 25% in relation to the characteristics and location of the property, the law, and the state of conserv -ation. In particular, the analyzed sample took into account property from 5,000 to 20,000 square meters for logistics. It must be Considered that for properties with the courier / transport use values can vary from a minimum of 10% to a maximum of +40%. 11

15 LOMBARDY Real Estate REPORT 1st semester Bergamo Province International trade 2012 EXPORT IMPORT 7,442 Millions of 11,469 Millions of Europe prime industrial cities - lease rate /m²/year 140,00 120,00 100,00 80,00 60,00 40,00 20,00 Oslo Zurich Stockholm Moscow London St. Petersburg Tel Aviv Monaco Glasgow Frankfurt Amsterdam Barcelona Manchester Madrid Paris Istanbul Dublin Warsaw Rotterdam Berlin Kiev Vienna Rome Riga Athens Bergamo Prague Brussels Bucharest 12

16 LOMBARDY Real Estate REPORT HOTEL real estate market Bergamo Province - Hotel & touristic attractions Bergamo is a great place to live and to visit. The whole province has a lot to oﬀer tourists: beautiful countryside, health spas, quality hotels and exquisite food and wine (Bergamo has a long tradition of excellent cuisine). A host of recreation and wellness possibilities also cater to all tastes. Touristic attractions: LEGEND Golf club Horse riding club Spa Ski resort Hotels concentration Number/municipality Low High Orobie Bergamasche Natural Park Èndine Lake BERGAMO Adda River Bergamo Lower City 13 Bergamo Upper City

17 LOMBARDY Real Estate REPORT 1st semester Bergamo Province Bergamo Province - Tourist flows Touristic places Italians Foreigners Total Arrivals Night spent Arrivals Night spent Arrivals Night spent Bergamo Clusone e Val Brembana (1) Selvino Val di Scalve Val Seriana Val Serina Lovere Gaverina Spa, Sant'Omobono Imagna, Tresco e San Pellegrino Spa (1) Other municipalities Bergamo TOTAL Bergamo City Centre - Hotel investment appeal index A tool for evaluation of different investment options is highly essential for a safe investment. Due to this fact it is provided an appeal index for Hotel real estate investments in Italy. This Index indicates the appeal of investment and initiation of a hotel business in a specific zone of the city. In calculation process of investment appeal Index many important parameters has been taken in to consideration among those we can mention ; Location in a city, annual occupational rate depending on the hotel stars, annual lease price, annual rooms revenue, room numbers, hotel services and so on. Min room revenue *1 /night Annual occupation rate *2 Lease price /m2/year *3 Room revenue /per year Room lease /year Hotel investment appeal index 3 Stars Hotel 4 Stars Hotel ,30% , , , ,00 0,72-0, ,10% , , , ,00 0,77-0,78 Primary Sources *1- Booking.com *2- Istat, Italian National Institute Of Statistics - Bergamo Province, Tourism - Federturismo Confindustria - Italian Hotel Monitor - Trademark Italia *3- World Capital 14

18

19 Our Expertise for your business Phase 1 Identifying needs: - Location - Type of property - Budget - Timing Phase 2 RESEARCH AND SELECTION: A network of local real estate consultants, according to a specific search criteria, individualize a series of real estate opportunities in order to propose the best solutions to customers. Phase 3 EVALUATION AND CONCLUSION OF THE CONTRACT: The client consider the best market opportunities to choose the one suits his needs and then formulate the lease or purchase proposal. The customer will be companied until the conclusion of the final contract. Phase 4 REAL ESTATE INVESTMENT: Completed the contractual definition, World Capital individualizes, in the case of lease, the investor (private, company, real estate found etc) that is interested in purchasing the asset. A G E N C Y - C O N S U L T IN G - P R O P E R T Y - IN V E S T M E N T Piazza Maestri del Lavoro, C ernusco sul Naviglio (MI) Tel research@worldcapital.it Phase 5 EQUIPMENT, PLANNING, REALIZATION AND COMPLEMENTARY SERVICES: Based on the customer request, World Capital provides technical advice about the property.

20 Via Restelli, 3/7 (MI) Milan Tel Fax Neda Aghabegloo Research Department WORLD CAPITAL IN THE WORLD MILAN SHANGHAI BEIJING MOSCOW NEW YORK SAO PAULO PRAGUE LONDON BUENOS AIRES We value your business Via Camperio, Milan Tel Fax info@investinlombardy.com