WesthillPloiesti

ROMANIA

A development by by A development

Welcome to WesthillPloiesti
WesthillPloiesti is designed to bring the ultimate Western destination experience to the new Romanian consumer. As Romania grows in wealth and sophistication, the opportunity for retail increases. WesthillPloiesti is a modern destination that combines leading-edge design with retail, dining and leisure facilities. Built to the highest European standards with sustainable materials, the centre comprises three oors plus a secure car park. The space is designed to create a natural progression through the shops to the dining and leisure zones above. A developer funded marketing budget has been allocated for WesthillPloiestis launch and ongoing publicity.

at a glance 59,000 sqm of retail space Major International and National anchors 1 million catchment within an hours drive Leading-edge design from awardwinning international architects Multiplex cinema Bowling alley Food court Multi-storey car park with direct access to all levels of the centre

Ploiesti economic overview

Income and investment
Ploeisti is situated within one of the most economically developed counties of Romania, beneting strongly from the short distance to the capital, Bucharest. Although there is no available ofcial data on the disposable incomes of Ploiestis population, it is estimated that Ploiestis inhabitants earn at least 10%-20% more than the county average, due to the citys high concentration of foreign investments and its skilled labour force. Ploiesti attracts much foreign direct investment; the biggest international companies include Coca Cola, Unilever, Timken, Holcim, Johnson Controls, Interbrew, Calsonic Kansei, LukOil, Saint-Gobain and Yazaki. Unemployment levels are lower than the national average and income levels are also inated by supplementary income from Romanians economically active abroad.

Ploiesti market review

Retail landscape
Supermarkets Convenience goods is Ploiestis most established retail sector, involving major international players such as Carrefour, Kau, Metro, Selgros, Billa, Interex, Mega Image, Pro and Penny Market. Further development projects now in the pipeline include another hypermarket from Kau and three Plus discount units. The high street High street retail is concentrated downtown in Ploiesti City along Republicii Blvd where all of the citys important national and international retail chains are concentrated. The prime shopping area is fully let, and competition for space means rents are high. Shopping centres Ploiestis shopping centre market is currently underdeveloped, with just one major development, Grand Center. The scheme, located in the downtown area of Ploiesti, is the former stateowned department store of the city, and has a letting area of around 15,000m. Other developments include the small downtown Mercur Shopping Center, small galleries with reduced local impact and two medium-size unrefurbished old-style centres. Many international retailers are expected to enter the Romanian market in the near future.

Ploiestis shopping centre market is currently underdeveloped, with just one major development.

Our chosen location

Ploiesti is the administrative city of Prahova County, located in the southern part of Romania, approximately 50km from Bucharest. With a registered population of 250,000 inhabitants (Census 2006), Ploiesti is Romanias ninth largest city and ranks second in southern Romania, after Bucharest, as a commercial and cultural centre. Its relatively youthful population (a higher than average proportion of 15-59 year olds) and even gender split (47% male 53% female) categorise it as a dynamic city. Prahova County is Romanias most populated county with 1 million people (Census 2006 ). It also has the highest county density in Romania of 176 inhabitants per km evenly distributed between urban and rural areas.
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The city ranks second in southern Romania, after Bucharest, as a commercial and cultural centre.

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WesthillPloiesti timeline
for statutory permits Construction commencement Centre opening
Applications April 2008 June 2008 June 2010

Retail area
Retail area (sqm)

Main retail/F&B 36,230 Furniture store 3,200 Supermarket 5,060 Leisure 9,685 Food court/Restaurants 4,060 External retail 570 Overall total 58,805
Spaces

Multi-storey car park

2,400

WesthillPloiesti ground level oor plan

WesthillPloiesti rst level oor plan

WesthillPloiesti second level oor plan

Professional services
Design Development Recognised as one of the largest architectural practices in the UK, Benoy enjoy an international, awardwinning reputation, they have international ofces in Hong Kong, Abu Dhabi and the UK and employ over 300 staff. Their best-known UK developments include Bluewater and the Birmingham Bullring. Benoy are involved in a range of projects in Eastern Europe, including Romania, Poland, Ukraine, Slovakia, Bulgaria, Turkey, Lithuania and Russia. Cost Management Gleeds has over 120 years experience in the property and construction industry and currently employs over 1,500 people in 48 ofces across 5 continents, making them one of the worlds leading management and construction consultants. Letting Agent and Asset Management Cushman and Wakeeld are leading real estate advisors. They assist clients in every stage of the real estate process, representing them in buying, selling, nancing, leasing, managing and valuing of assets, and providing strategic planning and research, portfolio analysis, site selection and space location, among many other advisory services. Letting Agent King Sturge LLP, based in London, is one of the largest international property consultants in Europe (52 ofces in 17 countries), with a comprehensive network of over 165 wholly owned and associated ofces throughout the world, including Asia Pacic and North America. With over 3,800 staff throughout these ofces, King Sturge covers property and related services in the commercial market including industrial, ofce and retail & leisure sectors. Engineers WSP Group plc is a global business providing management and consultancy services to the built and natural environment with over 8,000 staff operating in over 100 ofces around the world. WSP operates as a specialist in the property, environmental, transportation and infrastructure sectors providing a full range of services from planning through to design, implementation and maintenance.

WesthillPloiesti contacts
www.westhilluk.com/ploiesti.html
For further information, please contact one of our joint sole agents: Developed by:

King Sturge Ben Binns T +40 ( 0 ) 213 115 444 M +40 ( 0 ) 744 474 377 ben.binns@kingsturge.com Mark Mannering T +40 ( 0 ) 213 115 444 M +40 ( 0 ) 745 984 444 mark.mannering@kingsturge.com

Cushman & Wakeeld Ramona Dirlea T +40 ( 0 ) 214 080 300 M +40 ( 0 ) 752 136 324 ramona.dirlea@eur.cushwake.com Andrei Birsan T +40 ( 0 ) 214 080 300 M +40 ( 0 ) 745 122 233 andrei.birsan@eur.cushwake.com

Westhill Romania Andrei Panculescu T +40 ( 0 ) 21 310 42 96 andrei@westhilleu.com Westhill UK Minesh Sheta T +44 ( 0 ) 20 7491 7533

The accuracy of any description, dimensions, references to condition, necessary permissions for use and occupation and other details contained herein is not guaranteed and is for general guidance only and prospective purchasers or tenants must not rely on them as statements of fact of representations and must satisfy themselves as to their accuracy. Neither Westhill nor any of its employees or representatives have any authority to make or give any representation or warranty or enter into any contract whatever in relation to WesthillPloiesti. Rents quoted in these particulars may be subject to VAT in addition. The reference to any mechanical or electrical equipment or other facilities at the Property shall not constitute a representation (unless otherwise stated) as to its state or condition or that it is capable or fullling its intended function. Prospective tenants/ purchasers should satisfy themselves as to the tness of such equipment for their requirements. May 2008