Real Estate Rental Offer for a local supply Retail Parks Wave of Serbia Package No. 1

Transcription

1 Real Estate Rental Offer for a local supply Retail Parks Wave of Serbia Package No. 1 Jürgen Kämper, Speaker of MM-Board Gvapo Tripinovic, Member of MM-Board Balkan-Land-Development.d.o.o, Belgrade Presentation Belgrad/Wuppertal, October 2009

2 Balkan Land Development d.o.o. Founded in Belgrade in 2008 Partners: Mr. Donnermann and Mr. Nickel, Donnermann und Partner GmbH, Kolitzheim; Mr. Häfner, Häfner Elektrotechnik, Eltmann; Mr. Tripinovic, Belgrade; Mr. Kämper, Wuppertal Office for construction and planing in Serbia Order book 2009: ca. 10 Mio. 2 employees Scope of Activities Own investments for Franken Wohn- und Gewerbebau GmbH and Immobilien Verwaltungs- und Management GmbH, Haßfurt Development of retail parks, local supply markets, shopping-centers in large cities (Oberzentren) and medium sized cities (Mittelzentren) in Serbia Consulting and services in assets

3 Macro environment All roads will lead to Serbia! Why should you invest in Serbia? Geo-strategical position, cross of the corridor from West and Orient Central position at the historic trade road to South- and South-East-Europe State with the fastest democratic reforms in the world Second largest country on the Balkan with ca. 8 Mio. Customers 13,5 Billion US-Dollar of foreign direct investments form 2001 Serbia the fastest growing economy in CEE according to EBRD The Financial Times FDI Magazine selected Belgrade as the City of the Future in Southern Europe.

4 Macro environment: Strategic position Source: Serbian Investment and Export promotion Agency

5 Macro environment Strong economic progress with a economic growth of 7,5% of GNP in 2007 VAT ranging from 8 to 18% Corporate profit tax rate of 10 %, the lowest tax rate in Europe approx employees with high educational level Low costs for employers by constant economic growth Good and modern infrastructure, full supply for energy Tax free entrance to a market of approx. 1 billion customers (USA, EU, Russian Federation, CEE etc.)

6 Macro environment Economic growth Serbia Quelle: Statistisches Jahrbuch der Regierung 2008

7 Macro environment Double taxation treaties Major investor countries are Norway, Germany, Greece, Austria, and USA ƒ. Rapidly improved Legislative system in accordance with the EU legal framework Recognized as the largest Greenfield investment in Southeast Europe by OECD Second lowest corporate tax rate in Europe Source: Serbian Investment and Export promotion Agency

8 Retail market at a glance Types of market Serbia is focussed on the large cities where you can find forms of retailing depending to western standard. But most of western brands are not represented by holder of rights and are sub-franchiser of surrounded EUfranchise-holders. The penetration of the market by retail store chains is on very low level. Beside the six to eight largest cities the standard of maintenance is made by local oriented tradespeople and in small single oriented stores. In large cities local maintenance is given by chain stores but in regard to population on a very low level. Without any proof of statistic rate of retailing floor for each citizien can be increased massive to fulfill necessary obligations for a pleasant standard of accommodation. Major cities (more as ) Chain stores for groceries, one or few large hypermarkets C&C-markets in Suburbs local supply by Mini-Stores Not centralized Shopping-Centers for a damage of Center of each City (last one: UZCE in Novi Belgrade) Few DIY-Market (p.e. Belgrade with 1,5 Mio. citzien: 2 units) Tradepeople in centre are copying western standard and brands holder of rights are mostly two domestic retailers Monopolization of the market District cities (more as ) Few chain stores for groceries, standard in supermarkets in regard to last 70s or early 80s No large stores Local oriented maintenance Small trade and handcraft oriented supply No penetration of any kind of DIYmarkets No western brands at all Local cities (more as ) Few chain stores for groceries, standard in supermarkets in regard to last 70s or early 80s No large stores Local oriented maintenance Small trade and handcraft oriented supply No penetration of any kind of DIYmarkets No western brands at all Self oriented maintenance

9 Retail market at a glance Competitive Environment in market Serbian market is dominated by one large domestic retailer. In most of the cities that company is represented with different local brands. The company is right holder and partner of some western companies like car trading and pharmacy, but western company are starting to cut down connection to do their own business. We are the opinion that this dominating player is keeping (without standard proof) at least half of the retail business in Serbia. The rest is spread in two larger companies from Croatia and three to four international brands that have already opened stores. In case of no existing competition the range of prices for all good of supply are on an at least 30 % higher level of price as in western countries. Grocery Hypermarkets: Tempo, Mercator- Rodic, Idea, Inter-EX (Intermarché) etc. C&C: Metro, Rodic, Maxi etc. Supermarket: Maxi, Tempo- Express, Rodic, Idea, SuperVaro, Valdi etc. Small-Stores: Maxi and gas stations organized by ÖMV not organized domestic retailers Green markets in most cities for local goods Monopolization of the market DIY-market & Furniture DIY - Market Few chain stores of Merkur (HR) in Belgrade / Novi Sad and first store of Bricolore in Nis (F) one store of Pevec (HR) and local Home Depot in Belgrade Furnitures local organized tradepeople few stores of Kika (A), Regina (SLO) Local oriented maintenance Small trade and handcraft oriented supply No penetration of market No western brands at all Retail Sale Few chain stores for elelctronic products from GR & RO (largest player about 10 shops of 800 m²) 3 larger shopping-center with a copied western standard in average no large stores (300 m²) Local oriented supply Small trade and handcraft oriented supply No penetration of any kind chain stores Few western brands in major cities None of the five largest western retailers of textile Chinese organized trade houses

10 Retail market at a glance SWOP for an entry S t r o n g n e s s Fast growning population & economy Young, well-educated & fashion-oriented customers No large and strong international rival No penetration of chain stores Substandard maintenance of retail ground in comparison to population No well-organized local retailers W e a k n e s s low average income and salaries locally oriented self-supply one dominating national player small country of less than 10 Mio. inhabitants dominating and centralized capital city No EU-Country No strong currency P r o s p e c t s Short time in penetration of new market Participation in economic growth Precursor in western retailing Western standardized development and partnership with known brands No lone warrior Fastest adoption of laws and regulations of EU-standards High expected annual increase of turnover and profits by law taxes R i s k s Adoption of EU-standards will take longer Own offer will fail needs of customers Nationally dominating player will force for and take influence on expansion Serbian economy will collapse Administrative barriers Barriers to ecomomic growth Become lone warrior Development will take longer time National rivals are stronger than expected 10 V. Milestones

11 Retail market at a glance Are you prepared for an exciting new experience to step forward your business into Serbia? Our offer for that will be the Wave of Serbia Our integrated retail warehouse center projected and constructed in western standard!

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13 Wave of Serbia Model of that integrated retail park is modern retail park Kaiserwiesen in Fulda, West-Germany. - High standard of retail warehouse center with a total size of 36,000 m² of rent area - including a m² discotheque on first floors. - All retail areas are combined by an open gallery and have direct access from the large parking area with more than 800 toll-free parking spaces. - Kaiserwiesen opened 2004.

14 Wave of Serbia Wave of Serbia means: - Standarised Retail parks of western standard - Common marketing for all retail parks for a high brand recognition - Attractive and modern architectur of real estates - High effective retailers including large grocery warehouse, diymarket, grocery-biscount-market and different specialized warehouses - Large Parking areas with great parking space - All retail floors on one level and without obstruction for costumers - Seperation of customers area and delivery areas - Best location in the city and nearest possible situation to centre - Exposed and visible grounds direct at most important main roads - Direct access and exit from main roads to parking grounds

15 Key benefits for becoming partner of Wave - High standard of construction work - High standard of competition - Best standard of retailing - Great brands for best prices - Regional strong knowlegde -Close to used surrounding of national costumers - Alliance of single warehouses by an open galerie -Reduction of risk by combination of international brands -Good brand recognication for business in new market Wave of Serbia

16 Wave - Package 1 Retail Parks 1. Zrenjanin 2. Sombor 3. Cacac 4. Novi Sad 5. Uzice 6. Subotica 7. Pancevo 8. Valjevo 9. Kragujevac 10. Pirot 11. Belgrad SW 12. Nis 13. Vranje 14. Indjija 15. Bejec Presented cities for Wave investments

17 Wave -Package 1 of Retail Parks Presented 15 cities for starting first package of investments.

18 1. City of Zrenjanin

19 1. City of Zrenjanin - about Second largest city in Vojvodina, small Switzerland of Serbia Developed national tolerance and good interhuman relations of 20 living nations Currently best and largest industrial zone in Vojvodina with status of free zone (total free zones in Serbia: 3) Old industrial facilities are mostly privatized and operating. Center of regional communication network in transportation Center of regional railroad system Significant number of greenfield projects have started with a constant rise and will increase purchase power Economy drivers: Dijamant Zrenjanin (Croatia, vegetable oil, about 700 employees), Phiwa-Walter Group (Germany-Austria, Logistic, Trade, 250 employees), Pecocar (Holland, Composite panels, 120 employees), Fulgar (Italy, Polyaminde and polyester yarns, 200 employees) etc.

20 1. Wave of City of Zrenjanin About Location: m² - Corner with front of 900 m at high exposed location - 1,2 km from City Centre - Few competition in grocery - No competition in DIY-market - No penetration of western brands in market - few penetration of chain stores Situation of plot: Directly placed in western part of city, placed directly at main road from Novi Sad and roundabout of ringroad and into industrial zone.

21 1. Wave of City of Zrenjanin The ground.. Address: Bulevar Veljka Vlahovica SRB Zrenjanin (at corner of roundabout ring road) Note: Planning will still be adopted for Wave

22 2. City of Sombor

23 2. City of Sombor about: Important and rich agriculture business center of the region 25 km close to Hungarian and 20 km close to Croatian borders Effort in establishing free zone for border triangle Old industrial companies in context with agriculture business Industrial park for future development is given by Hungarian and Croatian investors Positioned next to Danube-Tisa-Danube-Canal Main connections are established by main roads and railroad Touristic extension of the special triangle situation Economy drivers: Sunce Sombor, (Serbian, vegetable oil, 440 employees), Fabrika Akomulatora Sombor (Serbian- Croatian, car batteries, 430 employees), Somboled (Croatia, Ice cream, frozen food and milk products, 350 employees) etc.

24 2. Wave of City of Sombor About Location: m² - Corner with front of 800 m at highly exposed location - 1,2 km from City Centree - Direct competition by local grocery of Maxi and Tus, C&C market of Croation retailer over the way - No competition in DIY-market - No penetration of western brands in market - Few penetration of chain stores Situation of plot: Directly on southern part of city, placed directly at main ring road and direct access to City from Novi Sad and to industrial zone

25 2. Wave of City of Sombor The ground.. Address: Starparski Put SRB Sombor

26 3. City of Cacak

27 3. City of Cacak - about Economic, administrative and cultural center of the Morava district Well positioned city and be considered as a territorial center of Western Serbia Good infrastructure to all main ways, railroad and soon highway Dominant small and medium companies are involved in auto components, printing, school items, laboratory equipment, medical devices, plastics, electrical heaters, military equipment and food. Key area for auto component industry for car manufacturer Zastava (FIAT) Key area for military equipment and ammunition facilities Mineral deposits: Chromite, Magnesite, Geothermal springs etc. 96 % of 1358 active companies aresmall ones with less than 50 employees, only 4 of them are langer up to 250 employees High average gross of monthly earnings of 436 in 2008

28 3. Wave of City of Cacak About Location: m² - Part of developed and refurneshed industrial complex - Front of at least 600 m in high exposed loacation - 0,8 km out of Centre -Direct competition of national grocery retailer Mercator - No competition in DIYmarket - No penetration of western brands in market - Low penetration of chain stores Situation of plot direct on main road to city center industrial zone, second urban road will be constructed in 2010

29 3. Wave of City of Cacak The ground.. Address: Ground CER, directly placed on Main road between Cacak Kraljevo SRB Cacak

30 4. City of Novi Sad

31 4. City of Novi Sad - about Novi Sad is second largest city of Serbia and heart and culture centre of Vojvodinna Great strategic position at Danube Complete infrastructure of highway (EU-Highway), main roads, railroads, main ways, port on Danube river and shipyard Regional airport One of the most developed cities in Serbian and Balkan 2 nd largest University in Serbia and on Balkan Wide range of industry production: Oil refinery, chemical, cosmetics, food processing, cables, steel ropes, industrial tools etc. Additional change of industrial areas and ecnomics too service and tourism Tourism is third largest economy in Novi Sad with large festivals, fairs, Danube cruises and close located National Park of Fruska Gora, highest mountain in Vojvodina, popular for wine, forests, clean air and peaceful life.

32 4. Wave of City of Novi Sad About Location: m² - Main road to north highwayexit with front of m in highly exposed situation - 1,5 km from City Centre - Direct competition in national grocery of Rodic and Tempo - No competition in DIY-market - No penetration of western brands in market - Few penetration of chain stores - At Rodic is a middle size shopping-center under construction - Genel-Ground: Mercur-DIYmarket, IKEA maybe?

33 4. Wave of City of Novi Sad The ground.. Address: Temerinski Put SRB Novi Sad

34 5. City of Uzice

35 5. City of Uzice - about Old historical city placed at one of the oldest trading routes in Europe Close to the borders with Bosnia and Herzegovina and Montenegro Large potential in various industries and has always been considered as a important center of trade Best infrastructure with main roads and rail road. Located at river of Destina, side river of important Morava river in a wide valley surrounded by middle sized mountains. (414 m above NN) Economy drivers are the textile industry with about employees in 18 factories. Production is taken place in all kind of textile for industrial and private use. Historical export oriented production and trade High average gross of monthly earnings of about 600 in 2008 Touristic extension of the mountains area of Zlatibor, one of the most popular touristic destination in Serbia, one of the fastest developing and with constant presence of tourists throug all years.

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37 5. Wave of City of Uzice Situation of plots is located directly on main road between industrial zone and city center and has to be splitted in two parts for Retail park ( I ) and Diy- Market ( II ) in case of topograhic mountain circumstances. No ground with size over 1 ha is and will be availabe in City.

38 5. Wave of City of Uzice Address: E 761 SRB Uzice Situation of plot is located directly on main road between industrial zone and city center and has to be splitted in two parts for Retail park and Diy-Market in case of topograhic circumstances About Location I: m² - Corner with front of 700 m in high exposed situation opposite river of Destina connected by new bridge to suspension to Highway - 1,2 km from City Centre - No Direct compitition in national grocery - No penetration of market of western brands - Few penetration of chain stores

39 5. Wave of City of Uzice Address: E 761 SRB Uzice About location II: m² - Directly at E 761 important main road and located at Eastern City border in an industrial area that will increase - 2,5 km out of City Centre and 1 km from loaction I of retail park - No competition of DIYmarkets in Uzice at all

40 6. City of Subotica

41 6. City of Subotica - about Fast developing area with increase of city development. expected population about citizens in international borders crossings in less than 30 km Intensive people migrations: shopping and investments from Hungary Greatest Hungarian minority in Serbia are living in Subotica Various foreign companies intend to penetrate Serbian market from Hungary having Subotica as a starting position Developing city, few kilometers from Hungarian border, direct placed at E- 75-Highway, high quality work force, developed infrastructure High quality of land of former greatest Serbian garrison is adopted to developed urban planning High average gross of monthly earnings in regard to EU-salaries is expecting high personal spendings Touristic extension of the neighborhood to Hungary

42 6. Wave of City of Subotica About Location: m² - Front of 900 m in high exposed location - 2 km out of Centre - Direct competition of national grocery (Rodic) and electronic market (technomarket) over the way - No competition in DIY-market - No penetration of western brands in market - Few penetration of chain stores - Shopping-Center-development will not affect retail park of daily and local supply Situation of plot direct on eastern part of city, placed directly at main suspension road to highway. Refurnisment of garrison of Serbian army has started to become most developed urban area!

43 6. Wave of City of Subotica The ground.. Address: Mose Pijade, SRB Subotica

44 7. City of Pancevo

45 7. City of Pancevo - about Important city in Belgrade area Important industrial area for petrochemistry and pharmacy, 2 nd largest refinery in Serbia, steel companies and electronic of Tesla-Company At river of Tamis that is opening out into Dunabe Complete infrastructure of suspension to highway, main roads, railroads, main ways, port on Danube river and shipyard Eastern ring road of Belgrade coming from Smederevo will pass Pancevo, soon, so direct highway connection will be given soon Home of Weifert-Brewery, oldest brewery in Serbia, founded 1722 Home of Pancevac, oldest newspaper in Serbian language, founded 1869 Touristic extension of the Belgrade area. High saleries in industry and surrounding of Belgrade will expect high amount of personal spendings

46 7. Wave of City of Pancevo About Location: m² - Double front of each 400 m in high exposed location - 0,8 km out of City Centre - Neighborhod to largest employer in Pancevo - Direct competition in national grocery retailer of Tempo Express and by Idea in a small hopping-centre - No competition by DIYmarket - No penetration of western brands in market - Low penetration of chain stores Situation of plot east of centre, located at main ring road of city and main road to centre from east direction No. 24 with two accesses / exits

47 7. Wave of City of Pancevo The ground.. Address: Milosa Obrenovica / Prvomajska, SRB Pancevo

48 8. City of Valjevo

49 8. City of Valjevo - about Direct located at Ibarska Magistrale main way and railroad Belgrade Bar (Montenegro) with connection to Bosnia & Herzegovina Full and good infrastructure with main roads and rail road. Ibarska Magistrale will be restored as similar highway soon. Old and historical emporium Center, admistrative and cultural centre of the province Kolubara Economy driver are Krusik wine production (2.427 employees), Gorenje fabric (2.000 employees), Krusik Akomulatori (battery 400 employees) Jablanica GP construction (500 employees) etc. Good development for privatized companies by middle rang of salaries Favorable climate for weekend touristic activities thanks to the accessible surrounding mountains with nummeros rivers like Kolubara, Obnica, Gradad, Ljubostinja and artificial lake on the river of Pocibravi with good touristic extension of the mountains area

50 8. Wave of City of Valjevo About Location: m² - Front of 600 m in exposed l location at direct city border - Parking area of old private industrial area - 1 km from City Centre - Direct competition in national grocery by smaller units only. Inter-Ex of Croatia has already purchased a ground a couple years ago. - No competition in DIYmarket - No penetration of market of western brands - Low penetration of chain stores Situation of plot directly on north east city border, placed directly at most important main road to border of Bosnia and Belgrade

51 8. Wave of City of Valjevo The ground.. Address: Vladike Nikolaja, SRB Valjevo

52 9. City of Kragujevac

53 9. City of Kragujevac about Kragujevac is fourth largest city in Serbia and with the population just above The largest city of the Šumadija region and the administrative centre of Šumadija District Situated on the banks of the Lepenica River Kragujejvac is industrial heart of Serbia. Main strenght of Kragujevac is developed heavy and light industrie, predominantly car and weapon manufacturing. The main car assembly line Zastava is part of the state joint venture with FIAT from Italy. New Production of FIAT has started and will be declined (lower costs in Serbia and free trade agreement with Russian federation). Also supply for other car makers. Most of suppleyers are working for car industry under EU standards. Fast growth of city thanks to good way in privatization process that has occurred a number of companies and greenfield projects. Lowest stand of unemployment in Serbia and good over the average given income with possible of high personal spendings

54 9. Wave of City of Kragujevac About ground: m² - Old garrison in best urban area of western city centre - 0,5 km out of Centre - Direct competition in national grocery by Mercator, Tempo, Metro - No competition in DIYmarket, Merkur will start No penetration of market of western brands - Middle penetration of chain stores by middle sized Mercator Shopping-Center - Plaza Shopping-Center with size of m² is planned in northern City Situation of plot is old barracks of Radomir Putnik about 500 m west of centre. City roads will be restored to main roads and will give good access to ground.

55 9. Wave of City of Kragujevac The ground.. Address: Knesa Milosa / Pozorisna / Daniciceva, SRB Kragujevac

56 10. City of Pirot

57 10. City of Pirot - about Pirot is medium size municipality with constant growth over last 9 years and with tendency to continue in that manner. Recent recession has been felt on the economy growth but has not stopped constant positive trend. Pirot has good connectivity as it is tangent to the Highway Belgrade Nis and is tangent to the all surrounding cities and larger municipalities via network of regional and motor roads. Through municipality of Pirot runs interstate railway Belgrade Macedonia Greece and second wing Belgrade Sofia Istanbul. Thanks to the Michelin (F) investment in Tigar company and with tendency to complete overtake that company (100%) large inflow of strong currency has cured over past few years and largest portion of it has stayed in the municipality. Pirot industial zone is not adequately developed but has two large and various small companies and maybe seen as an big opportunity in order to create new one in good situation to border to Bulgaria.

58 10. Wave of City of Pirot About Location: m² - Main road Belgrade Nis Sofia (that will be upraded as híghway - 0,5 km from city centre - No competition in DIYmarket - No penetration of western brands in market - Low penetration of chain stores - good retail position for total area Situation of ground is an exposed situation on direct access / exit from E 80 to City an 500 m out of centre of Pirot.

59 10. Wave of City of Pirot The ground.. Address: Main road to Belgrade SRB Pirot

60 11. Belgrade South-West (Zarkovo, Irbarska Magistrale )

61 11. Belgrade South-West (Irbarska Magistrale) Belgrade, Capital of Serbia and traditional main metropolis and culture centre of Old Yugoslavia and Balkan About 1,8 Mio. citizens, split in 17 suburbs. Agglomeration of Belgrade will include about 2,4 Mio. people. Belgrade is seat of the largest Universities on the Balkan with about students Full infrastructure of international airport, Danube port, highways, main roads and railroad system Ground is placed in suburb of Zarkovo belonging to adminstrative unit of Belgrade s suburb City of Rakovica, a residential area on the south western hills of Belgrade, one of the most popular living areas. City of Rakovica is counting about citizens at the moment Suburb Cities of Rakovica and Vozdovac are the fastest growing cities in Belgrade. Both cities will grow together within next 10 years and will become home for another citizens

62 11. Wave of Belgrad West About Location: m² part of a total development of about m² retail and entertainment in urban suburd of Zarkovo. - Fastest growning urban area for residencial within Belgrad with a population of about citizens in 1 km surrounding - Front of 800 m to highly frequented Ibarska Magistrale - Exposed location to highway ring road of Belgrade - 10 km from City Centre - Direct competition in national grocery by smaller markets - No competition in DIY-market - No penetration of western brands in regonial market - Few penetration of chain stores - Belgrade s greatest area of development for new homes in direct neighborhood Situation of plot directly on southern part of city, placed directly on main road of Ibarska Magistrale. All rivals are in search for grounds for groecery and other markets in this area!

63 11. Wave of Belgrad West (Irbarska Magistrale) The ground.. Address: Ibarska Magistrale SRB Belgrade

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65 11. Wave of Belgrad West (Irbarska Magistrale) The ground.. Address: Ibarska Magistrale / Highway Ring Road, SRB Belgrade

66 12. City of Nis

67 12. City of Nis - about Nis is one of the most significant and best strategically positioned city in Serbia. All traffic arteries goes throug or beside the city and Nis Highway cross is the connection to Athens (Greece/EU) and via Sofia to Istanbul. City has international airport and good rail road and rail cargo systems Third largest city in Serbia with about inhabitants and about inhabitants within the municipality 596 km² size of the city with surrounding urban areas Economy drivers are Philip Morris (USA, tobacco, jobs), Vulkan (Bulgaria, rubber products, 600 jobs), Nissal (aluminum processing, 750 jobs), Alena (UK, textile, 2000 jobs), Nis Oil (Russia, gas/oil-service, jobs) etc. Large number of small and family companies in food and wine industry Touristic extension of the mountains area of Zaglavak and Svrjiske mountains

68 12. Wave of City of Nis About Location: m² - Large front of 1000 m in highly exposed location at highway cross of Nis - High frequenz of about cars besides local traffic - 5 km from City Centre - Best location over the way to airport and airport logistic area -Very interesting gorund in neighborhood of further developments of Delta + IKEA - Direct competition in national grocery of Tempo and Metro in South of Nis - Competition in DIY-market by Bricolore / F of m² - No penetration of western brands in market - Few penetration of chain stores - Planed City Centre-Shopping-Center by Delta Situation of plot direct on southern part of city, placed directly at main high way and direct access to City from Belgrade and to Skope and Sofia. Airport over the way.

69 12. Wave of City of Nis The ground.. Address: Village of Turpale SRB Nis

70 13. City of Vranje

71 13. City of Vranje about Vranje is situated in souther Serbia with good connection to its position on the highway and dense network of regional roads. Long tradition in textile, tobacco and food processing industries. Land is very fertile. Export oriented industries for shoe and textile procduction, tabacco and food processing. Present industries are based on low payed working force (except tabacco industry) No competitions in regard to border of Makedonia Economy drivers: Zamber (UK, textile industry 850 employees), Canda Farben (Italy, shoes, glues, furniture, 150 employees), Mitinzs LTD (Greece, produciton of hemp products and polypropylene, 250 employees), BAT (UK, tabacco, 500 employees), Sanc (Italy-Switzerland, shoes production, 350 emp)

72 13. Wave of City of Vranje About Location: m² - Large front of 500 m in high exposed location at main road to city - 1,0 km from City Centre - Best location over the way to Highway - Direct competition in national grocery of Maxi - No Competition in DIY-market - No penetration of western brands in market - Few penetration of chain stores Situation of plot direct on half way from city center and highway in an industrial zone close to residential area that will be cut by main road to and out city to and from highway

73 13. Wave of City of Vranje The ground.. Address: Pariske Komune, Mose Pijade SRB Vranje

74 14. City of Indjija

75 14. City of Indjija about Indjija is in vicinity of the main traffic nodes of Serbia: Belgrade 42 km, Novi Sad 35 km, International Airport 35 km, highway Belgrade Zagreb 2 km, highway Belgrade Nis 45 km, main way M22/1 railroad 1 km, Danube river harbour 15 km, few regional ways. In case of started investments Indjija will become Silicon Valley of Serbia E-government: most of advanced e-government systems in Serbia and Europe are implemented. Effective Foreign Direct Investments in last 3 years: approximately 300 Mio.. Predicted investments in next 5 years: more than Mio. (very large IT-Park announced) Financial Times (FT) has ranked Indjija on 19 th place in Europe of bests FDI destinations Economy drivers: Embassy Group (India, IT-Park, employees, increase to within 5 years), Henkel, Mercator, Thyssen Krupp, Frikom, Cates Toplice, Monus, Trade Unique etc.

76 14. Wave of City of Indjija About Location: m² - Large front of 300 m in high exposed location m from City Centre - Best location between the city and way to highway in one of the fast growning industrial areas in Serbia - Small units in competition of national groceries - No Competition in DIY-market - No penetration of western brands in market - Few penetration of chain stores Situation of plot direct on eastern part of city, placed directly at main road and direct access to highway to Belgrade and Novi Sad and in the industrial zone that will become Silicon Valley of Serbia with most greenfield investments in next three years.

77 14. Wave of City of Indjija The ground.. Address: Save Kovacevica trg SRB Indjija

78 15. City of Becej

79 15. City of Becej about Becej economy is mostly oriented toward food production and agri-cultural industry the area that is surrounding Becej is center of Soja Other pillars of Becej economy are: metal industry, autocomponents, tourism spas & thermal water and hunting Population of municipalities of Becej and Novi Becej is approximately citizens (area of 25 km) The city is well connected trough developed regional road infrastructure River Tisa and channel system Danube-Tisa- Danube with shifsyard

80 15. Wave of City of Becej About Location: m² - Large front of 600 m in highly exposed location at important brigde to city m from City Centre - Best location between the city and way to Novi Becej -Direct competition by Croatian groceries retailer in neighborhood - No rivals in DIY- market - No penetration of western brands in market - Few penetration of chain stores Situation of ground is at most important traffic situation to Bejec in exposed situation. River of Tisa will seperate ground from city. Direct way from Novi Bejec to Bejec.

81 15. Wave of City of Becej The ground.. Address: SRB Becej

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83 Concepts for retail warehouse centers

84 Your partner for callback Office Belgrade: Gvapo Tripinovic Zarckovacka 21g, SRB Belgrad Telefon: / 11 / Fax: / 11 / g.tripinovic@balkan-land-development.com Home Office Germany: Jürgen Kämper Büngershammer 2, D Wuppertal Telefon: 0049 / 202 / Fax: 0049 / 202 / j.kaemper@balkan-land-development.com Internet: