BRESCIA PROVINCE 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 2016 2018 2020 Real Estate Market - 1st Semester 2013 Lombardy - Italy Copyright 2013 World Capital. All Rights Reserved.
Copyright 2013 World Capital. All Rights Reserved.
BRESCIA 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
France Switzerland Austria Slovenia ITALY 1
Maggiore Lugano Como Varese Idro Garda LOMBARDY REGION 2
LOMBARDY Real Estate REPORT Lombardy s GDP GDP Year GDP Millions of euro GDP per capita-euro 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 247.051,8 259.431,0 270.653,3 279.450,4 289.471,2 297.600,4 307.717,7 320.843,8 323.973,3 310.952,0 330.997 337.285,9 327.167,3 27.488,1 28.765,6 29.836,9 30.448,8 31.059,5 31.545,2 32.356,3 33.442,5 33.424,8 31.743,1 33.500 33.624,2 32.615,5 Source: ISTAT, Italian National Institute of Statistics Provinces of Lombardy Province Population Area (km²) Municipalities (n ) Bergamo 1.098.740 2.723 244 Brescia 1.256.025 4.783 206 Como 594.988 1.288 160 Cremona 363.606 1.772 115 Lecco 340.167 816 90 Lodi 227.655 782 61 Mantua 415.442 2.339 70 Milan 3.156.694 1.575 134 Monza & Brianza 849.636 405 55 Pavia 548.307 2.965 190 Sondrio 183.169 3.212 78 Varese 883.285 1.199 141 Lombardy 9.917.714 23.860,62 Italy 60.626.442 301.340 Source: ISTAT, Italian National Institute of Statistics 3
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
Brescia Province The province of Brescia is widely known as a highly industrialised area, a premise confirmed by 2011 sector statistics which reveal a surplus value figure of 34.8%. Brescia ranks fifth in Lombardy for GDP per capita ( 30,308), an increase of 3.6% between 2009 and 2010. It is thus well above the Italian average. The ongoing growth in the service sector has reached a level of 63.1% last year. Banking services are highly reliable and efficient. Common usage of eco-power plants and very well functioning communication networks are some of the many important improvements in Brescia s infrastructure over the last years.
LOMBARDY Real Estate REPORT Foreign companies percentage by sector 15% Machinery & Mechanical Equipment Other 24% 8% Electricity, gas & Water 6% Metal production 4% Transport & logistics 4% Plastic products Wholesale trading 28% 3% Metalworking (inc, alloys) Other professional Services 2% 3% Precision mechanics equipment 3% Food derivatives Source: ISTAT, Italian National Institute of Statistics Bangladesh India 8% 8% Sri Lanka 6% 15% Pakistan 12% Moldova Foreign Citizens Population First 10 Nationalities Source: ISTAT, Italian National Institute of Statistics Albania 9% 10% China 10% Egypt 11% 11% Romania Ukraine Brescia s GDP Trend YEAR 2003 2004 2005 2006 2007 2008 2009 2010 2011 GDP per capita-euro 26.481,30 27.889,80 29.245,10 29.700,50 31.411,80 32.580,80 30.817,30 31.119,60 27.341,10 Sources: ISTAT, Italian National Institute of Statistics - Unioncamere - G. Tagliacarne Institute 6
OFFICE real estate market Brescia province With 969 bank branches and 9 Credit Guarantee Fund Trusts, Brescia has an extensive network of credit services. Companies can turn to technological innovation centres such as CSMT and AQM for technology transfer and Pro Brixia (part of the Brescia Chamber of Commerce) for internationalisation. The province of Brescia is home to two quality universities (Università degli Studi di Brescia and Università Cattolica di Brescia) which have all the main faculties. The area also boasts 28 Vocational Education and Training Centres and a business education institute (ISFOR 2000). Brescia s Business and Office centre: It is one of the few modern vertical clusters (towers) in Italy together with those of Milan, Naples and Genoa. District called Brescia 2, is situated in southern part of the Brescia municipality with an area of 26.000 m2. Average annual lease rate LEGEND 150 /mq 130 /mq 110 /mq 90 /mq 70 /mq No/ very local office market OFFICE CENTRE ACTUAL INFRASTRUCTURE A4 HIGHWAY A21 HIGHWAY RAILWAY LINE IDRO LAKE Bergamo Milan ISEO LAKE GARDA LAKE BRESCIA Treviglio Milan Crema Mantua Verona Padua Venice Brescia Municipality Cremona Turin 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 /mq 140 /mq 100 /mq 120 /mq 80 /mq 100 /mq No office market No office market Streets Streets A4 Highway Min annual lease rate /m²/year A4 Highway Max annual lease rate /m²/year 7
1st semester - 2013 Brescia Province Lease Trend - Across The Globe Lease rate /sq.m/year 1400 1200 1000 800 600 400 200 0 Sao Paulo Rio de Janeiro San Francisco Bogota Vancouver Lima London Brussels Moscow Paris Brescia 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 rates % Beijing 20 Sao Paulo 15 10 Stockholm 5 0 New York Shanghai London Dubai Frankfurt Rome Brescia -5 Moscow Barcelona Brussels Madrid -10 Paris -15 Hong Kong Vacancy rate % 31% 20 15 10 5 0 San Francisco Sao Paulo Rio de Janeiro Vancouver Bogota Lima Budapest Prague Frankfurt Brescia 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
RETAIL real estate market Brescia city- Retail High streets Corso Zanardelli Corso Magenta Lease: 280-410 /m²/year Examples of existing brands: Clarks - LACOST Marina Rinaldi - MAX&Co - TOMMY HILFIGER Coin Pedestrian zone Via X Giornate Lease: 260-390 /m²/year Examples of existing brands: Clarks - LACOST Marina rinaldi - MAX&Co TOMMY HILFIGER - Coin Historical Centre Zone Corso Palestro Lease: 360-490 /m²/year Examples of existing brands: David Carp - Sisley Muji - Savoldi - Lacoste Zara - Mango - H&M Adidas - Bershka 9
1st semester - 2013 Brescia Province Lease Rate - Brescia Municipality /m²/year Country City Prime street 530 510 480 450 420 390 360 330 300 270 240 210 190 160 130 100 Italy Brescia Corso Zanardelli Via X Giornate Corso Palestro Lease Trend - Across The Globe /m²/year Country City Prime Street 2011 2012 2013 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 Brescia Corso Palestro 488 488 490 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 Spian 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 151 327 361 BRIC countries Lease /sqm/year 25,000 20,000 2011 2012 2013 15,000 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 Brescia Dubai 10
INDUSTRIAL real estate market Engineering Food Processing Industrial Key Sectors Tourism/Hospitality Industry Textiles/Clothing Iron & Steel The province of Brescia has a long business history. Companies from the area have managed to establish themselves on the most prominent international markets by manufacturing first-class products and have set the standard for SME development, according to leading foreign economic experts. Brescia has a large amount of space available for production facilities, especially in the south of the province. This area has excellent infrastructure (Brescia-Montichiari airport, high speed rail links under construction) and is strategically positioned for commercial networks. Brescia's excellent road network and strategic position as an intersection for traffic between France and Austria and between Germany/central Europe and Rome make the area very attractive to investors. Brescia ranks fifth in Lombardy for GDP per capita (Euro 30,308), well above the Italian average. Brescia Province - industrial zones IDRO LAKE Average annual lease price 50 /mq 40 /mq 35 /mq ISEO LAKE GARDA LAKE 30 /mq 25 /mq BRESCIA No/local market Treviglio Milan LEGEND Logistic Hub ACTUAL INFRASTRUCTURE Crema MONTICHIARI Mantua A4 HIGHWAY A21 HIGHWAY RAILWAY LINE Cremona Turin 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
1st semester - 2013 Brescia Province International trade 2012 EXPORT 13,547 Millions of IMPORT 8,204 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 Prague Brescia Brussels Bucharest 12
HOTEL real estate market Brescia Province - Hotel & touristic attractions Brescia's superb position between s and mountains, its rich heritage (the Santa Giulia monastery was recently recognised by UNESCO), its infrastructure and its cuisine make it an ideal tourist location and attractive to investors. Touristic attractions: LEGEND Golf club Trekking Spa Ski resort Regional inter-connection cycle path Hotels concentration number/municipality Valtrompia Low High Valsabbia & Idro Lake Valcamonica Iseo Lake & Franciacorta ISEO LAKE IDRO LAKE GARDA LAKE Garda Lake BRESCIA Brescia City 13
1st semester - 2013 Brescia Province Brescia Province - Tourists flows Touristic places Italians Foreigners Total Arrivals Night spent Arrivals Night spent Arrivals Night spent Brescia 114.141 210.382 62.476 139.481 176.617 349.863 Edolo e Bovegno - Collio 3.703 14.427 1.589 2.560 5.292 16.987 Ponte di Legno 31.684 142.145 16.873 90.715 48.557 232.860 Val Camonica 12.266 49.841 5.039 21.235 17.305 71.076 Desenzano del Garda 72.670 136.784 85.454 287.460 158.124 424.244 Gardone Riviera 11.593 30.819 36.767 156.741 48.360 187.560 Iseo 34.535 71.094 34.970 107.331 69.505 178.425 Garda Lake 42.648 122.356 150.647 761.125 193.295 883.481 Idro Lake 633 1.405 1.317 10.581 1.950 11.986 Limone del Garda 11.342 32.281 131.497 787.708 142.839 819.989 Salo' 13.740 43.790 30.227 103.424 43.967 147.214 Sirmione 101.178 280.230 118.899 391.481 220.077 671.711 Toscolano Maderno 10.207 48.501 27.072 173.482 37.279 221.983 Darfo Boario Spa 31.008 128.569 4.681 31.021 35.689 159.590 Vallio Spa - Angolo Spa 2.470 10.813 382 1.361 2.852 12.174 Val Sabbia 1.337 3.830 580 937 1.917 4.767 Other municipalities 279.020 454.280 72.664 193.681 351.684 647.961 TOTAL 774.175 1.781.547 781.134 3.260.324 1.555.309 5.041.871 Brescia 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. 3 Stars Hotel 4 Stars Hotel 5 Stars Hotel Min room revenue *1 /night Annual occupation rate *2 Lease price /m2/year 45 48,80% 160-200 14519,70-21779,55 4.000,00-5.000,00 0,72-0,77 65 47,50% 160-200 22369,03-28948,15 5.120,00-6.400,00 0,77-0,78 125 48,90% 160-200 22369,03-28948,15 5.120,00-6.400,00 0,77-0,78 Primary Sources *1- Booking.com *2- Istat, Italian National Institute Of Statistics - Federturismo Confindustria - Italian Hotel Monitor - Trademark Italia *3- World Capital *3 Room revenue /per year Room lease /year Hotel investment appeal index 14
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, 7-20063 C ernusco sul Naviglio (MI) Tel. +39 02 95305886 www.worldcapital.it - research@worldcapital.it Phase 5 EQUIPMENT, PLANNING, REALIZATION AND COMPLEMENTARY SERVICES: Based on the customer request, World Capital provides technical advice about the property.
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