DOSSIER INFORMATIVO Information file
SHOPPING CENTRE LA NORIA MURCIA OUTLET SHOPPING La Noria Murcia Outlet Shopping is the new shopping centre in Murcia. The fashion and food industries are gathered together here in a surprisingly original, new and modern space, offering people an enjoyable quality shopping experience; shoppers can take advantage of discounts ranging from 30% to 70%. On June 26th 2008, the centre will open its doors for the first phase of inauguration; the second development phase is expected to end in 2010. REALIA will invest a total of 55 million euros during the different phases of this project. Prestigious manufacturers and designers, in addition to a wide variety of restaurants and complementary commercial activities, will ensure that this project fulfils its objective to become a well-known meeting point for leisure and shopping activities. During the beginning phase, an investment of 35.5 million euros is expected. The initial site works have been developed in an area of 70,000 square metres, while the buildings occupy a surface area of 13,700 square metres. There is parking space for up to 1,525 vehicles within the installations. Once this initial phase is concluded, Realia will develop another 3,000 square metres of commercial space for Outlets, expected to be opened in July 2010. The second phase of the shopping centre is due to open officially in 2010. During this later stage, an investment of 19.5 million euros is forecast, of which REALIA has already disimbursed 3.1 million euros. This second additional area will contain buildings occupying a total area 13,340 square metres. La Noria Murcia Outlet Shopping is the first outlet park to be built in the region. The new centre will offer discounts ranging from 30% to 70% by prestigious fashion and accessory brands, all year round. 2
REALIA is responsible for developing and managing La Noria Murcia Outlet Shopping. Located in the La Ñora district, the shopping centre is well communicated with the city centre, only 5 minutes away. La Noria Murcia Outlet Shopping has evolved in response to the demands of a population in continual growth. It will provide services that have been previously inexistent in the region of Murcia; this, in turn, will stimulate commercial activity and generate wealth in the province. This shopping centre will also create employment, a total of 1,000 jobs. Of these jobs, 400 are directly related while 600 are indirectly related, including those jobs in the project s construction phase. La Noria Murcia Outlet Shopping is located at exit 658 of the A-7. The centre is visible from the motorway and easily recognisable for its giant water wheel (called a noria in Spanish), measuring a height of 11 metres, situated next to the main car park entrance. LA OFERTA DE LA NORIA MURCIA OUTLET SHOPPING The first phase of La Noria Murcia Outlet Shopping will develop a land area of 70,000 square metres, spread over one single floor. The 1,525 parking spaces are also located in the same place; 260 spaces are indoors. The 13,700 metres of the first phase will house 55 outlets, specialising in fashion and accessories, as well as a great variety of restaurants and a fitness area. 3
In the same area, there are other complementary activities for visitors to enjoy, ensuring longer visitor time at the centre. The complex design recreates a Mediterranean town, featuring emblematic buildings of different designs, extensive garden areas, paved streets, squares and fountains which together create a picturesque setting. All of this, in addition to the kids areas, will attract families to the centre where they can delight in a calm, leisurely shopping experience. La Noria Murcia Outlet Shopping floor The most significant brands to have reserved their space in the shopping centre so far include: SPORT DESIGNER FASHION YOUNG KIDS OTHER BRANDS SHOES ACCESSORIES SERVICES LEISURE RESTAURANTS Nike, Umbro, Décimas Adolfo Domínguez, Purificación García Pepe Jeans, Levi's, Dockers, Desigual, Amichi, Mango, Neck & Out Women s Secret & Fifty Factory (Grupo Cortefiel), Adventury Grupo TG, Mustang Laga, Four Times, Jaslem, Golden Point Body Bell, Fhone House, Sun Planet, Ray-ban, Game, Gran Central Fitness gym Come-Come, Vagonetta, Café di Roma 4
MURCIA: AN AREA IN CONTINUAL GROWTH La Noria Murcia Outlet Shopping brings a different type of shopping centre to the region. It will attract a greater number of visitors to the region, both from the capital and from surrounding cities of Murcia and its coastal areas, one of the biggest tourist focuses in Spain. The region of Murcia currently has 1.3 inhabitants, although the Outlet could attract up to 2.5 million people, taking into account all the local catchment areas in neighbouring provinces. Excellent transport connections will enable people to reach the centre easily. This new commercial concept is suited to the needs of a growing population. The region will see a noticeable population increase of 31%, expected before 2017, according to the Instituto Nacional de Estadística (INE). This rise in population will occur as a result of town planning expected in coastal areas and metropolitan areas of Murcia, housing developments on the coast of Murcia before 2010, in addition to the arrival of families from all over Europe, amongst other reasons. La Noria Murcia Outlet Shopping is also situated very near to the Universidad Pública de Murcia and the Universidad Privada de los Jerónimos. Access and Communications The location of La Noria Murcia Outlet Shopping offers direct access from the A7/E15 motorway, exit 658, which connects the south of France with the south of Spain. Two other important roads are situated just two kilometres away: - A-30 motorway, main access road from Cartagena and from the Madrid- Valencia dual carriageway. - MU-30 bypass, parallel to the main industrial region of the city. The new regional Corvera airport is only 17 minutes from the shopping centre. Three city bus routes connect the shopping centre with the capital. REALIA S EXPERIENCE Grupo REALIA is formed by Fomento de Construcciones and Contratas (FCC) and Caja Madrid. REALIA s strategy has always been characterised by a 5
commitment to activity connected with property, specifically through the leasing of self-owned offices and shopping centres. La Noria de Murcia Outlet Shopping project represents a new stage in REALIA S consolidation in the shopping centre sector. Its current portfolio includes an impressive five shopping centres with a total leasable surface area of 85,176 square metres. The assets belonging to REALIA in this sector are El Jardín de Serrano and La Vaguada, both in Madrid; Ferial Plaza in Guadalajara, Nervión Plaza in Seville and Twin Towers in Lisbon (Portugal). In future terms, Realia aims to increase its shopping centre assets by 3.5 times. Between 2008 and 2010, REALIA expects to begin the secondary phases of La Noria Murcia Outlet Shopping with the objective of reaching a total leasable surface area of 30,000 square metres (sba). Plaza Nueva in Leganés (Madrid) has 90,632 square metres of sba; As Cancelas in La Coruña has another 50,000 square metres of sba; and the Denia shopping centre, in Alicante, has 31,214 square metres of sba. REALIA will make a total investment of 466.7 million euros, which will increase the leasable surface area by 201,846 square metres. The overall figure stands at 287,022 square metres, when added to the space already in working use. 6
Ferial Plaza was opened in Guadalajara 2007 GRUPO REALIA Grupo REALIA was created in 2000 to combine the property arms of FCC and Caja Madrid. Since its creation, the corporate purpose of REALIA has been to stimulate development, manage and use all types of real estate, including shopping and leisure centres. Half way through 2006, REALIA acquired SIIC de Paris, a listed company on the French Stock Exchange. This operation has increased REALIA S international presence and equity, as SIIC de Paris has an extensive portfolio of offices, located in the top business areas in Paris. Last year, the subsidiary company invested 126 million, which increased its leasable office surface area to 154,653 square metres. As a result of this growth, the market value of SIICC de Paris assets has increased from 660 million to 732 million euros. On July 6 th 2007, REALIA was floated on the Spanish Stock Exchange through an Initial Public Offering (IPO) of shares, with a price of 6.5 euros per share. This price is situated 25% below net company assets. REALIA in figures REALIA is one of the most stable Spanish real estate companies in the country. High profitability, low debt ratios and international projection have converted REALIA into a company of international acclaim. Company assets are valued at 6,342 million euros and its net debt ratio at 2,089 million, according to the international consultant, CB Richard Ellis. These figures represent a loan to value (LTV) or financial debt ratio of 33%. The net asset value (NAV) after tax amounts to 2,258 million euros, 8.3 euros per share. 7
Results REALIA closed the first quarter 2008 with a turnover of 152.9 million euros and net profit of 26.7 million euros. A significant part of these results is due to the office and shopping centre rents. Property income rose 11%, reaching 43.3 million. During 2007, consolidated group turnover increased by 1.1%, reaching 813 million euros, while property income grew 34.8%, reaching 154.8 million euros. Net profit rose to 140.4 millions. A balanced business REALIA s strategic plan is based on two concepts. Firstly, to increase equity assets, particularly with the SIIC de Paris and by investing in new shopping centres, which include the centre in Murcia, amongst others; secondly, to internationalise residential business, though the promotion of new housing in Eastern Europe, specifically in Poland and Romania. Shareholders Two acclaimed shareholders, FCC and Caja Madrid, support REALIA which together control 55.3% of the company, while maintaining a shareholders` agreement that aids company management. Since the IPO, four new acclaimed groups have been incorporated: Sánchez Ramade, Prasa, Lualca and Interprovincial SL who each hold shares that are worth slightly over 5%. In addition to these new shareholders, El Corte Inglés holds 1.26%, purchased before the IPO. All these groups have demonstrated their commitment to and support of REALIA strategy, as well as its management team. For more information: REALIA Álvaro Hernández 91 353 44 05 649 289 607 comunicación@realia.es Bassat Ogilvy Comunicación Evelia Villada /Andrés Romero 91 451 21 25 /91 451 21 18 evelia.villada@ogilvy.com andres.romero@ogilvy.com 8