PROVINCE. Real Estate Market -1st semester Lombardy - Italy

Transcription

1 SONDRIO PROVINCE Real Estate Market -1st semester 2013 Lombardy - Italy

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3 SONDRIO 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 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 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 Sondrio Province Sondrio's economy is mainly based on its service sector, with tourism playing a central role. Manufacturing and construction are still very important, but the quality of the land and a number of acclaimed local products mean that agriculture is the province's forte. On the whole the economy is made up of small and micro companies (more than 60% are individual companies, reaching almost 90% in some sectors).

9 LOMBARDY Real Estate REPORT Foreign companies percentage by sector Pharmaceutical products; 20,0% Metal production; 40,0% Wholesale trading; 20,0% Basic foodstuffs; 20,0% Source: ISTAT, Italian National Institute of Statistics India Senegal Kosovo 4% 3% Moldova 3% 4% Albania 6% 32% Morocco Foreign Citizens Population First 10 Nationalities Source: ISTAT, Italian National Institute of Statistics Macedonia 6% Romania 13% 13% Ukraine 16% China Sondrio s GDP Trend YEAR GDP per capita-euro , , , , , , , , ,90 Sources: ISTAT, Italian National Institute of Statistics - Unioncamere - G. Tagliacarne Institute 6

10 OFFICE real estate market Sondrio province In Sondrio companies and the public enjoy first-class services and the area is extremely safe. The performance of the financial sector and range of local banks is also worth noting. Moreover, Sondrio is strategically located: the province is part of important infrastructure networks (railways, motorways and airports). Workers in Sondrio are experienced, skilled about what they do. There are dedicated recruitment support tools for young graduates, aimed at maintaining a high level of specialization. The high level of hydroelectric power generation and the region's focus on environmental issues make Sondrio the sensible choice for businesses in the sector. Indeed, since 2010 an increasing number of firms have decided to invest here. Sondrio boosts a strong banking system, with two banks quoted on the Stock Exchange and reveals low insolvency in trade activities. LEGEND Logistic Hub ACTUAL INFRASTRUCTURE A51 HIGHWAY RAILWAY LINE Average annual lease rate 100 /mq 90 /mq 80 /mq 70 /mq 60 /mq No/ very local office market SONDRIO Sondrio Municipality 130 /mq 170 /mq 120 /mq 160 /mq 110 /mq 150 /mq 100 /mq 140 /mq 90 /mq 130 /mq 80 /mq 120 /mq 70 /mq 110 /mq 60 /mq 100 /mq 50 /mq 90 /mq No office market No office market Streets Streets Railway A51 Highway Min annual lease rate /m²/year Highway A51 Highway Max annual lease rate /m²/year 7

11 1st semester Sondrio 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 Frankfurt Warsaw Madrid Prague Budapest Sondrio 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 Rome Sondrio -5 Moscow Barcelona Brussels Madrid -10 Paris -15 Hong Kong Vacancy rate % 31% San Francisco Sao Paulo Rio de Janeiro Vancouver Bogota Lima Budapest Sondrio Prague Frankfurt 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 RETAIL real estate market Sondrio city- Retail High streets Pedestrian Zone Historical Centre Zone Corso Italia Via XXV Aprile Lease: /m²/year Examples of existing brands: MaxMara - Sisley intimissimi - Swatch Max & Co -Motivi - TEZENIS Benetton - COSE - LIU-JO KIKO - SEPHORA 9

13 1st semester Sondrio Province Lease Rate - Sondrio City /m²/year Country City Prime street Italy Sondrio Corso Italia 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 Sondrio Corso Italia 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 /sum/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 Dubai Sondrio 10

14 INDUSTRIAL real estate market Tourism Industrial Key Sectors Agriculture & Food processing Wine production The wood industry Mining Sondrio has always been an important crossroads for people throughout the ages and today the province is at the heart of a road network that encompasses Brescia, Como and Lecco. There is also a direct road link with Switzerland. Sondrio's superb location has seen it develop as an important commercial centre over the years and the area is undoubtedly a crucial gateway for trade between Lombardy and northern Europe. Well-equipped industrial areas are widely available in the province. Sondrio's mountainous landscape is rich in resources but difficult to cultivate. Nevertheless, wine production in the region is booming. PDO wines such as Sforzato, Sassella, Inferno and Maroggia are lovingly produced by locals who know all about vineyard terrace cultivation techniques. In 2010 wine production brought in a total revenue of Euro 25 million and wine export levels reached 41%. Sondrio's local produce is second to none. Cheeses, apples, honey, the famous Bresaola dried beef and pizzoccheri pasta have all obtained EU and Chamber of Commerce quality marks. Production of Bresaola increased by 7.5% in 2010 alone and exports were up by a full 10%. The wood industry is another fulcrum of the local economy and equates to 20% of the manufacturing sector. This percentage rises to 33% if you only consider furniture production. Sondrio Province - industrial zones LEGEND Logistic Hub ACTUAL INFRASTRUCTURE A51 HIGHWAY RAILWAY LINE Average annual lease price 50 /mq 40 /mq 35 /mq 30 /mq 25 /mq No/local market SONDRIO Sondrio s industrial axes 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 analysed 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 1st semester Sondrio Province International trade 2012 EXPORT 543 Millions of IMPORT 463 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 Brussels Bucharest Sondrio 12

16 HOTEL real estate market The sondriesi are known for their hospitality, and when you also consider the heavy investment in accommodation and services and the superb local cuisine, it's easy to see why Sondrio is such a popular tourist destination and why a significant segment of the economy centres on tourism. The number of hotels (a large amount of them with spa and other guest facilities) grew by 0.5% in Tourism is an important resource within the Alpine region of the province. The landscape offers the opportunity to enjoy a wide range of ski resorts and activities. National park of Stelvio Madesimo Natural resort of Val di Mello Livigno Bormio Chiavenna SONDRIO LEGEND Terme/ spa Ski resort number/municipality Low High Orobie Valtellinesi Park Bormio 13

17 1st semester Sondrio Province Sondrio Province - Tourist flows Touristic places Italians Foreigners Total Arrivals Night spent Arrivals Night spent Arrivals Night spent Sondalo e Aprica (1) Sondrio Bormio - Valfurva Madesimo Montagna di Sondrio Val Malenco Livigno Other municipalities TOTAL Sondrio 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 ,80% , , , ,00 0,65-0, ,50% , , , ,00 0,75-0,82 Primary Sources *1- Booking.com *2- Istat, Italian National Institute Of Statistics - Federturismo Confindustria - Italian Hotel Monitor - Trademark Italia *3- World Capital 14

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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 ri locali indi Ricerca solutions to customers. ri - Phase 3 di le Client. 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 del purchase proposal. The customer will be adere companied until the conclusion of the final contract. Il 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 4 REAL ESTATE INVESTMENT: Completed the contractual definition, World Capital individualizes, in the case World of lease, the investor (private, company, l indo immo- real estate found etc) that is interested in purchasing the asset. o Phase 5 EQUIPMENT, PLANNING, REALIZATION AND COMPLEMENTARY SERVICES: Based on the customer request, World Capital provides technical advice about del the property. tecnica e relativa all immobile.

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