DUNDRUM TOWN CENTRE DUBLIN

DUNDRUM TOWN CENTRE DUBLIN

DUNDRUM TOWN CENTRE - 02 DUNDRUM TOWN CENTRE IS IRELAND S PREMIER RETAIL AND LEISURE DESTINATION Dundrum is located in the affluent southern Dublin catchment, it is anchored by House of Fraser, M&S and Penneys and provides 120 shops, 45 restaurants, a 12-screen cinema as well as 3,400 car park spaces. The centre is well positioned to capture the growing retail spend in Ireland and delivered like-for-like sales growth of 3% and a footfall increase of 0.9% over the 12 months to 31 March 2016 to 18.3 million.

IRELAND S LARGEST SHOPPING CENTRE DUNDRUM TOWN CENTRE - 04 Dundrum is the largest shopping centre in Ireland and the country s third largest retail venue after Dublin City and Cork City. HIGHEST MARKET POTENTIAL Dundrum has the highest market potential of any retail location in Ireland after Dublin city centre (CACI s retail footprint).

ASPIRATIONAL MIX OF RETAILERS Dundrum has the most aspirational mix of retailers of any shopping centre in Ireland (VENUESCORE market position index). HIGH TRADING DENSITY DUNDRUM TOWN CENTRE - 05 UK retailers in Dundrum typically enjoy trading densities 14% higher than their UK portfolio average (SHOPSCORE analysis).

BELFAST 2hrs DUNDRUM TOWN CENTRE - 06 IRELAND GALWAY 2hrs LIMERICK 2.2hrs CORK 2.5hrs DUBLIN DUNDRUM Ireland is one of the top four countries in the world for business* *Forbes, 2015

DUBLIN, CENTRE NORTH DUBLIN, CENTRE SOUTH NATIONAL RANK WEIGHTED SCORE MARKET POSITION INDEX 1 249 100 102 2 240 108 108 CORK, CENTRE 3 219 108 103 DUNDRUM TOWN CENTRE 4 191 114 107 GALWAY, CENTRE 5 172 107 102 FASHION POSITION INDEX 1,033 Total number of overseas companies in Ireland, with: 9/10 Global ICT corporations* 9/10 Global pharmaceutical corporations* 3/6 Top games companies* Top 10 Born on the internet companies* 50+ of the world s leading financial services firms* 12/15 Global medical device companies* DUNDRUM TOWN CENTRE - 07 *www.idaireland.com

Dundrum Town Centre is located in the affluent south Dublin catchment; it is close to Leopardstown and Sandyford which are home to major suburban office locations (including Microsoft, Oracle and Vodafone). The new Microsoft Leopardstown campus is set to open in 2017. DUNDRUM TOWN CENTRE - 08 OFFICE SPACE & WORKERS CATCHMENT OFFICE SPACE (SQ FT) 14,000,000 13,500,000 OFFICE SPACE (SQ FT) 13,000,000 12,500,000 12,000,000 11,500,000 11,000,000 10,500,000 10,000,000 CURRENT END 2016 2017 2018 2019 2020 2021

SOUTH DUBLIN OFFICE SPACE 110 SQ FT PER WORKER YEAR 0 - CURRENT 1 - END 2016 2-2017 3-2018 4-2019 5-2020 6-2021 BUILT SPACE 10,477,504 10,477,504 10,602,904 11,058,895 11,613,981 12,946,365 13,455,430 TOTAL PIPELINE 0 125,400 479,990 616,763 1,665,480 636,331 280,165 PROBABILITY 0% 100% 95% 90% 80% 80% 80% 0 125,400 455,991 555,087 1,332,384 509,065 224,132 TOTAL SPACE 10,477,504 10,602,904 11,058,895 11,613,981 12,946,365 13,455,430 13,679,562 VACANCY 5% 5% 5% 5% 5% 5% 5% OCCUPIED SPACE 9,953,629 10,072,759 10,505,950 11,033,282 12,299,047 12,782,659 12,995,584 APPROX. WORKERS 90,488 91,571 95,509 100,303 111,810 116,206 118,142 INCREASE YoY N/A 1% 4% 5% 11% 4% 2% CATCHMENT OFFICE WORKERS DUNDRUM TOWN CENTRE - 09 120,000 115,000 110,000 OFFICE WORKERS 105,000 100,000 95,000 90,000 85,000 80,000 CURRENT END 2016 2017 2018 2019 2020 2021

1.2m sqft 120 Retail & leisure space Shops DUNDRUM TOWN CENTRE - 10 45 1 18.3m Restaurants 12-screen cinema Footfall in 2015 DUNDRUM

KEY DUNDRUM TOWN CENTRE DUNDRUM PHASE 2 DEVELOPMENT SITE DUBLIN CENTRAL DEVELOPMENT SITE ILAC CENTRE PAVILIONS, SWORDS BLANCHARDSTOWN SHOPPING CENTRE LIFFEY VALLEY SHOPPING CENTRE GRAFTON STREET THE SQUARE TALLAGHT DUBLIN AIRPORT AVIVA STADIUM CONNOLLY STATION HEUSTON STATION LUAS LINES DART LINE DUBLIN PORT DUNDRUM TOWN CENTRE - 11 TO BELFAST TO DERRY TO NAVAN/CAVAN TO GALWAY/SLIGO TO CORK/LIMERICK/WATERFORD TO WICKLOW DUN LAOGHAIRE

DUNDRUM TOWN CENTRE - 12 39 Average visits per year 1hr 59mins Average dwell time DUNDRUM SHOPPER PROFILE Age Profile 75% female 25% male

2.1bn Available spend per annum within the Dundrum shopping population* ALL PRIMARY SECONDARY TERTIARY OUTER A 7% 5% 5% 4% 1% B 26% 32% 24% 22% 17% C1 39% 34% 33% 36% 41% C2 14% 13% 24% 19% 28% DE 14% 15% 14% 19% 13% *Millward Associates 5,500 Almost 5,500 people are employed within Dundrum Town Centre 72% DUNDRUM TOWN CENTRE - 13 ABC1 Primary catchments Higher average spend than any other regional shopping centre in Ireland

DUNDRUM TOWN CENTRE - 14 ANCHOR STORES

PREMIUM STORES HIGH STREET STORES DUNDRUM TOWN CENTRE - 15

DUNDRUM TOWN CENTRE - 16

DINING & LEISURE DUNDRUM TOWN CENTRE - 17

RECENT LETTINGS NEW RETAILERS TO IRELAND DUNDRUM TOWN CENTRE - 18

DUNDRUM EVENTS DUNDRUM TOWN CENTRE - 19

LEVEL 1 DUNDRUM TOWN CENTRE - 20 AVAILABLE TERMS AGREED

LEVEL 2 DUNDRUM TOWN CENTRE - 21 AVAILABLE TERMS AGREED

LEVEL 3 DUNDRUM TOWN CENTRE - 22 AVAILABLE TERMS AGREED

DUNDRUM TOWN CENTRE - 23

CLAIRE-ANN MINOGUE E: claire-ann.minogue@hammerson.ie T: + 353 87 661 7505 www.hammerson.com LARRY BRENNAN E: larry.brennan@savills.ie T: +353 87 261 7115 JAMES MORROW E: james.morrow@savills.ie T: +353 83 862 8725 www.savills.ie BERNADINE HOGAN E: bernadine.hogan@cbre.com T: +353 87 385 5200 NIAMH SHEAHAN E: niamh.sheahan@cbre.com T: +353 87 759 9900 www.cbre.ie The Agents for themselves and for the Vendors or Lessors of the property whose agents they are give notice that; I. these particulars are given without responsibility of the Vendors or Lessors as a general outline only, for the guidance of prospective purchasers or tenants, and do not constitute the whole or part of an offer or contract, II. The Agents cannot guarantee the accuracy of any description, dimensions, references to condition, necessary permissions for use an occupation and other details contained herein and any prospective purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the accuracy of each of them, III. no employee of the Agents has any authority to make or give any representation or warranty or enter into any contract whatsoever in relation to the property; IV. VAT may be payable on the purchaser price and/or rent. All figures are quoted exclusive of VAT. Intending purchasers or lessees must satisfy themselves as to the applicable VAT position, if necessary by taking appropriate professional advice; V. The Agents will not be liable, in negligence or other wise, for any loss arising from the use of these particulars. November 2016