Kyiv Retail Market, 216 Renewed rental growth, with prime rents increasing by 8% y-o-y Retail Turnover +6.3% y-o-y New Completions 168, sq m Prime Rents +8% y-o-y Prime Vacancy 1% - 3% Hot Topics DEMAND Figure 1: Kyiv Wages, Retail Turnover and Consumer Price Index (% change, y-o-y)¹ % Average nominal wage Wages Retail turnover² CPI USD 5 4 3 2 1 (1) (2) (3) 26 27 28 29 21 211 212 213 214 215 216 1 9 8 7 6 5 4 3 2 1 ¹ Excluding the temporarily occupied territories, the Autonomous Republic of Crimea, the city of Sevastopol and part of the anti-terrorist operation zone. ² Includes organized retail sales only Source: Kyiv Statistics Office 217 CBRE Research 217, Expandia LLC 1
Table 1: Kyiv Cross-Border Market Entry FASHION SPECIALIST CLOTHING & OTHER Brand Entry location Brand Entry location Armani Exchange Ocean Plaza Tezenis Ocean Plaza Maje Ocean Plaza Calvin Klein Underwear Ocean Plaza Uterqüe Gulliver Falke, Falke Kids Gulliver Sandro Gulliver Intersport EpicenrK Oblique Creations Ocean Plaza Ravin Jeans Ocean Plaza Isabel Garcia Ocean Plaza Reima Ocean Plaza Silvian Heach Ocean Plaza Elsy Gulliver Hiltl Gulliver Rodenstock Gulliver Potis & Verso Karavan Roeckl Gulliver Atos Lombardini Gulliver Steiff Gulliver FOOTWEAR HEALTH & BEAUTY Brand Entry location Brand Entry location Converse Ocean Plaza NYX Globus Stuart Weitzman Mandarin Plaza Kiehl s Gulliver 217 CBRE Research 217, Expandia LLC 2
Total Retail Stock, ' sq m 22 23 24 25 26 27 28 29 21 211 212 213 214 215 216 217F RESEARCH R EPOR T Figure 2: Kyiv Shopping Center Stock SUPPLY 1 2 ', sq m New supply Stock at the beginning of the year 1 8 6 4 2 F forecast Figure 3: Retail Premises per 1, Inhabitants in Selected CEE Capitals in 215 1 8 1 6 1 4 1 2 1 8 6 4 2 Bratislava 888 Prague 595 Warsaw 845 Bucharest 35 Budapest 535 Kyiv 371 5 1 1 5 2 2 5 3 3 5 Population, ' Table 2: Key shopping centers in pipeline as of Q4 216 # NAME Developer GLA, sq m COMPLETION/ ANNOUNCED DELIVERY 1 Rive Gauche* (Phase I) Immochan 2,5 217 2 Retail Park Petrivka Immochan 12, 217 3 Smart Plaza Polytech UDP 15, 217 4 Smart Plaza Obolon UDP 11, 217 5 River Mall Vilna Ukraina 56, 218-219 6 Lukyanivka Arricano Real Estate 47, 218-219 7 Rive Gauche (Phase II) Immochan 5, 218-219 8 Retroville Stolitsa Group 82,5 218-219 9 Blockbuster Mall Mandarin Plaza/Megaline 114, 218-219 1 Ocean Mall Mandarin Plaza/Megaline 7, 218-219 *- previously named as KIdeal 217 CBRE Research 217, Expandia LLC 3
Q2 211 Q4 211 Q2 212 Q4 212 Q2 213 Q4 213 Q2 214 Q4 214 Q2 215 Q4 215 Q2 216 Q4 216 RESEARCH R EPOR T Figure 4: Base Rents in Kyiv (USD/sq m/month) Prime Schemes Competitive Other 27 24 21 18 15 12 9 6 3 VACANCY AND RENTS INVESTMENT REGIONS 217 CBRE Research 217, Expandia LLC 4
Total Retail Stock, ' sq m RESEARCH R EPOR T Figure 5: Retail Premises per 1, Inhabitants in Ukrainian Largest Cities in 216 3 Kyiv 371 25 2 15 1 Odesa 189 Dnipro 22 Lviv 188 Kharkiv 154 5 25 5 75 1 1 25 1 5 1 75 2 2 25 2 5 Population, ' 217 CBRE Research 217, Expandia LLC 5
Table 3: Key Retail Regional Schemes delivered in 216 NAME CITY DEVELOPER GLA, SQ M COMPLETION Depot Center Cherkasy Depot Development Group 12, H1 216 Victory Gardens Lviv Phoenix-Capital 54,5 H2 216 Depot Center Kropyvnytskyi Depot Development Group 6, H2 216 Kvartal Khmelnytskyi Local Developer 16, H2 216 OUTLOOK 217 CBRE Research 217, Expandia LLC 6
Definitions CONTACTS DISCLAIMER 217 CBRE Information herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the market. This information is designed exclusively for use by Expandia LLC Part of the CBRE affiliate network clients, and cannot be reproduced without prior written permission of Expandia LLC. Copyright 217 Expandia LLC