GRAND LITTORAL MARSEILLE - FRANCE MANAGEMENT SUMMARY CITY PROFILE LOCATION CONTEXT SITE CONTEXT CATCHMENT AREA PROGRAM AND CONCEPT GRAND LITTORAL - MARSEILLE FRANCE 2 MANAGEMENT SUMMARY REGIONAL SHOPPING CENTRE – MARSEILLE GRAND LITTORAL •Located 15 minutes from centre of Marseille, next to the A55 and A7 motorways. •Situated in the second most populated city in France (population 851,420) with over 1.6 million people in the metropolitan area. •Marseille Grand Littoral is the largest shopping centre in the Region Provence-Alpes-Côte d’Azur and one of the largest shopping centres in France. •The centre benefits from excellent accessibility by car and public transport provided by several bus services. •More than 110,000m² GLA including Carrefour hypermarket and external retail park. •Two level mall with simple internal circulation. •Opened in 1996 and acquired by Corio in 2008. GRAND LITTORAL - MARSEILLE FRANCE •Anchors: H&M, Zara, New Yorker, C&A, Darty, Go Sport, Intersport, Leroy Merlin, King Jouet, Maxitoys, Maxi Zoo, Babou. •More than 5,000 car spaces on two levels immediately accessible to the shopping centre. •A major retail and restaurant destination benefitting from an exceptional and highly prominent position overlooking the Marseille coastline. •Concept and design: Marseille Grand Littoral is an enclosed regional shopping centre which benefits from easy internal navigation, with shops on two trading levels •Centre management and leasing by Corio France specialist teams. •Winner of the 2010 CNCC award for sustainability initiatives for efficient waste management (French shopping centre council). 3 CITY PROFILE GEOGRAPHY AND TERRITORY •Marseille is the second largest city in France after Paris and the largest commercial port in France. •Marseille is the capital of the Provence-Alpes-Côte d’Azur region and the Bouches-du-Rhone department in southern France 775 km from Paris. •With over 7.3 million visitors in 2009, the Marseille Provence airport is the third largest French airport •The French high speed rail TGV connects Marseille with Paris in 3 hours. •Three motorways, the A7, A50 and A55, meet in Marseille, creating a major motorway junction and the A7 and A55 pass by Marseille Grand Littoral. POPULATION •The population is 851,420 people (2008) within the Marseille City limits and 1.6 million in the total metropolitan area. GRAND LITTORAL - MARSEILLE FRANCE ECONOMY •The economy of Marseille is dominated by its commer cial container and transport port, the number one in France and the Mediterranean, number three in Europe. •Petroleum refining and shipbuilding are the principal industries and Marseille is a major French centre for trade and industry, with excellent transportation infrastructure (roads, sea port and airport). •Three Universities : Provence, the Mediterranean and the Paul Cézanne University—form France’s second largest research centre, which includes over 3,000 research scientists. •Marseille acts as a regional entertainment centre, with a high concentration of museums, cinemas, theaters, clubs, bars, restaurants, fashion shops, hotels, and art galleries, all geared towards a tourist economy. •Marseille will be the European Capital of Culture in 2013. 4 LOCATION CONTEXT SITUATION •Marseille is the capital of the Provence-Alpes-Côte d’Azur region and the Bouches-du-Rhone department in southern France, 775 km from Paris. •Marseille Grand Littoral is a major Regional shopping centre located in the north of the city. •The centre is situated in an urban area and with some housing, landscaped areas and land identified for future office development nearby. VISIBILITY •Excellent visibility from the A55 and A7 motorways (>200,000 vehicles per day). •Visibility is further enhanced by the imposing position of the development above Marseille centre and the coastline. •The centre is very well known and seen as the region’s principal shopping centre destination. •Free car parking and easy accessibility further enhance the centre’s attractions. ACCESSIBILITY •The centre is easily accessible, benefitting from the excellent motorway and national road network and 5,000 free car spaces. •Public transport is currently by bus link with a new tramway line planned to provide future rail access too. GRAND LITTORAL - MARSEILLE FRANCE 5 SITE CONTEXT CHARACTERISTICS •Regional shopping centre situated on the northern city edge. •Opened in 1996, Marseille Grand Littoral was acquired by Corio in 2008. •Total of 110,000 m² GLA of retail and restaurants. •Anchors: H&M, Zara, New Yorker, C&A, Darty, Go Sport, Intersport, Leroy Merlin, King Jouet, Sephora, Foot Locker, Disney Store, Aubert, Maxitoys, Maxi Zoo, Babou. •Parking spaces: 5,000 places. SITE ACCESS •The centre is easily accessible, benefitting from three separate road entrances leading to the 5,000 free car spaces. GRAND LITTORAL - MARSEILLE FRANCE •The two-level parking allows easy access into the centre and both trading levels directly. In addition the lower level car park provides climatic protection from the sun, wind and rain, providing additional customer comfort. VICINITY •To the south of the centre is a public park and land available for future office development. •Housing area in north and easterly directions. •The area benefits from a special status giving tax incentives for new business (Zone Franches urbaines). 6 CATCHMENT AREA KEY FACTS •Total catchment area of 940,000 inhabitants. •Population in catchment area has grown by +7.3% from 1999 to 2010. •Median revenue per household is € 29,703 per year. SECONDARY / TERTIARY CATCHMENT AREA •The secondary catchment area (10-20 minutes) comprises 653,000 people, an increase of +8.0% between 1999 and 2010. •The tertiary catchment area comprises 185,000. PRIMARY CATCHMENT AREA •A primary catchment area (0 to 10 minutes) of 102,000 people, which has increased by +10.9% between 1999 and 2010. •High median revenue of €34,214 per household per year in the 10 to 15 minutes travel time zone. •The primary and secondary catchment areas have a large number of families with children and singles, whereas the tertiary zone has more senior citizens when compared to the national average. GRAND LITTORAL - MARSEILLE FRANCE 7 UPPER LEVEL LOWER LEVEL PROGRAM AND CONCEPT FUNDAMENTALS •The centre, which was opened in 1996, is an established major retail destination in the region. •Marseille Grand Littoral plays an important role in the local community, with regular events and animations organised in the centre. •The centre benefits from excellent access for cars and public transport. •The centre is the dominant centre in its catchment area and attracts around 12 million visitors per year. PROGRAMME •Its large and diverse retail offering positions Marseille Grand Littoral as the region’s principal shopping centre. •120,000 m² GLA. •Over 210 retail units including anchor stores, restaurants and other services. GRAND LITTORAL - MARSEILLE FRANCE •Leading national and international brands including H&M, Zara,, C&A, New Yorker, Darty, Go Sport and Leroy Merlin and many others. •Broad tenant mix including many fashion retailers. •Large Carrefour Hypermarket. •5,000 parking spaces. CONCEPT •Marseille Grand Littoral is a two-level enclosed regional shopping centre benefitting from an integrated retail park. •The centre benefits from an efficient organisation and circulation. •The car park is directly in front of the centre. •The centre is situated in a pleasant landscaped environment. •The centre benefits from attractive internal decoration. 8 CORIO WILL REFURBISH GRAND LITTORAL TO MAKE IT THE NUMBER ONE SHOPPING DESTINATION IN THE REGION. THIS CAN BE ACHIEVED BY: - Having the largest and most complete retail offer. - Offering excellent service and a place of experience. - And, so create a Favourite Meeting Place. REFURBISHMENT WILL BE COMPLETED Q4 2013 AND IT INCLUDES: - Create a strong and visible signal. - Modernise facades - Restructure Zone Azur and create internal events plaza - Restructure Zone Emeraude and create external events plaza - Redecorate the centre - Implement new services GRAND LITTORAL - MARSEILLE FRANCE 9 ANCHORS & TENANTS H&M ZARA NEW YORKER C&A DARTY GO SPORT INTERSPORT LEROY MERLIN KING JOUET SEPHORA FOOT LOCKER DISNEY STORE AUBERT MAXITOYS MAXI ZOO BABOU FOOTFALL 12,000,000 WWW.MARSEILLE-GRAND-LITTORAL.FR GRAND LITTORAL - MARSEILLE FRANCE 10 CORIO N.V. Hoog Catharijne, Van Duvenborch Building Stationsplein 97, 3511 ED Utrecht P.O. Box 8243, 3503 RE Utrecht, The Netherlands T +31 (0)30 234 64 64 F +31 (0)30 233 35 78 E corio@nl.corio-eu.com, I www.corio-eu.com CORIO NEDERLAND Hoog Catharijne, Van Duvenborch Building Stationsplein 97, 3511 ED Utrecht P.O. Box 8243, 3503 RE Utrecht, The Netherlands T +31 (0)30 234 64 64 F +31 (0)30 233 35 78 E info@nl.corio-eu.com, I www.corio-eu.com CORIO FRANCE Tour Exaltis, 61, rue Henri Régnault 92075 Paris La Défense cedex, France T +33 (0) 1 474 53 000 F +33 (0) 1 474 55 850 E info@fr.corio-eu.com, I www.corio-eu.com CORIO ITALIA Via Fabio Filzi 25/a, 20124 Milan, Italy T +39 026 69 63 49 F +39 026 69 77 11 E info@it.corio-eu.com, I www.corio-eu.com GRAND LITTORAL - MARSEILLE FRANCE CORIO ESPAÑA Paseo de la Castellana 93 5º Planta 28046 Madrid, Spain T +34 91 426 17 77 F +34 91 435 56 44 E info@es.corio-eu.com, I www.corio-eu.com CORIO DEUTSCHLAND Königsstraße 13, 47051 Duisburg, Germany T +49 203 4196 1500, F +49 203 4196 1501 E info@de.corio-eu.com, I www.corio-eu.com CORIO TÜRKIYE KANYON Ofis Blok Büyükdere Cad. No:185 Kat 18 Levent, Istanbul - 34394 TR, Turkey T +90 212 371 30 00 F +90 212 353 54 42 E info@tr.corio-eu.com, I www.corio-eu.com