rivalta - Gestimm

RIVALTA
INFORMATION MEMORANDUM
Developer: Duemme SGR S.p.A – Fondo Immobiliare Orione.
Leasing Company: Larry Smith Italia
2008
RIVALTA
2008
INTRODUZIONE
Trattasi di due edifici commerciali (n° 2 e n° 3) inseriti in più ampio Complesso Commerciale che
ricomprende anche Esselunga FoodStore.
Le consistenze sono le seguenti:
•
Superfici Commerciali: mq 18.000;
•
Superfici Parcheggi Raso Terra: mq 10.623 (posti macchina n° 350 circa);
•
Superfici Parcheggi Piano Interrato: mq 17.418 (posti macchina n° 640 circa).
Il Complesso è stato inaugurato il 22.10.2009 con un’occupazione di oltre l’80%.
Entro la fine dell’anno 2009 l’occupazione del Complesso Commerciale sarà del 90%.
I principali operatori del Complesso Commerciale sono conosciuti a livello internazionale come OBI,
EURONICS, SCARPE&SCARPE e KIABI.
Duemme SGR SpA – Larry Smith Italia
RIVALTA
Duemme SGR SpA – Larry Smith Italia
2008
RIVALTA
2008
THE PROJECT
The project of Rivalta retail park includes 4 blocks:
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The lots no. 1 and no. 2 are here described and are under leasing to leading retailers.
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The lot no. 1 is owned by the food chain ESSELUNGA, a leading superstore food chain in Italy.
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The lot no. 4, is still in project.
From a commercial point of view the project is based on three independent regional L2 licences (dated
July 13, 2004) which constitutes the so-called “Centro Commerciale sequenziale”.
The construction of blocks no.1; no.2 and no.3 started in 2007 and will be completed by summer 2009.
The leasing activity concerning lots no.2 and no.3 is carried out by LARRY SMITH, a leading company
in this industry (www.larrysmith.it)
In 2008 agreements with the German retailer OBI (DIY; 5.900 sq m gla of block no.3), with
EURONICS (Electricals; 3.200 sq m gla of block no.2) and with SCARPE & SCARPE (Footwear;
1.700 sq m gla of block no.2) have already been finalised.
Advanced negotiations are currently under way .
The total rents expected for blocks no.2 and no.3 amount to 2,8 Millions Euros as a whole.
The DEVELOPER is Duemme SGR S.p.A. – Fondo Immobiliare Orione.
Work in progress of block n°2
Duemme SGR SpA – Larry Smith Italia
RIVALTA
2008
TO ORBASSANO
TO BEINASCO
TO PINEROLO
SUPERSTRADA TO TORINO
BLOCK 3
BLOCK 2
ESSELUNGA
Duemme SGR SpA – Larry Smith Italia
RIVALTA
2008
MERCHANDISING MIX
Duemme SGR SpA – Larry Smith Italia
RIVALTA
Duemme SGR SpA – Larry Smith Italia
2008
RIVALTA
2008
THE CONTEXT
The site of Rivalta Retail Park is situated in the town of Rivalta di Torino by the Orbassano bypass, which is
the prosecution of the S.P. Torino – Orbassano and represents the major axis connecting the south-western
area of the Province to Turin.
The location of the plot is therefore strategic since it is situated by one of the most used radial axis of the
metropolitan area. Such road has a double-lane carriageway and only a traffic light in correspondence of
Orbassano: it is therefore ideal to bear the remarkable car flux that flows on it daily.
Turin province ranks fourth in Italy if we consider its demographic weight (2.250.000 inhabitants in 2006).
The retail park will mainly influence the habits of the population of Orbassano (21.857 inhabitants; density
979 inh./sq Km), although the project is situated in Rivalta di Torino (18.406 inhabitants; density 728
inh./sq Km ).
Duemme SGR SpA – Larry Smith Italia
RIVALTA
2008
THE MARKET
Rivalta retail pole has unique features in its catchment area if we consider both the number and the surface
of the planned magnets besides the presence of a food locomotive such as Esselunga.
This agglomerate has therefore the features to successfully compete in a market which is still to some
extent dominated by traditional retailers.
Generally speaking, in the food sector, small- and medium-size retail units are quite widespread. The only
exception is Beinasco Ipercoop which, with its 10.000 sq m s.a. also features a quite complete non-food
variety.
Also the non-food offer is still rather fragmentary and, in the majority of the cases, it is not included in
modern shopping poles. The only exception is constituted by Le Fornaci shopping centre which includes
medium size units specialized in DIY, footwear and sportswear (i.e. Brico Center, Scarpe & Scarpe and
Milanesio Sport) and the nearby new Mega Shopping Fornaci, which includes Saturn (electricals), Conbipel,
Melablu (clothing).
The catchment area occupies a zone of about 340 sq Km, it stretches from Giaveno and Reano to Airasca
for 16 KM and from east to west from Cumiana to Beinasco for 22 Km. The total number of residents adds
up to about 137.000 inhabitants (2006). Over recent years there has been an average yearly growth in
population above the national average, equalling +1.1% (+0.77% Italy).
The estimated catchment area is younger than the Turin area in general, it is also less qualified from the
point of view of education and with an income slightly below the average provincial level: Turin province:
115% of Italian average; catchment area: 111%.
One further symptom of the good health of the catchment area from an economic point of view is
constituted by the provincial unemployment rate which is 4.10%, therefore below the average Italian index
registered in 2006 (6.80%).
Duemme SGR SpA – Larry Smith Italia
RIVALTA
2008
Area d'attrazione, popolazione e redditi anno 2006
Catchment area, population and income year 2006
Settori / Sectors
Abitanti / Population
Reddito pro-capite
% su media nazionale /
Per Capita Income % of
national average
Primario / Primary
40.263
111 %
Secondario / Secondary
47.539
111 %
Terziario A / Tertiary A
31.729
113 %
Terziario B / Tertiary B
17.126
109 %
136.657
111 %
Totale / Total
Duemme SGR SpA – Larry Smith Italia
RIVALTA
2008
THE PROJECT (including the plot owned by Esselunga)
The plot of the project has a total surface of about 95.000 sq m, while the total admitted sales area adds up
to more than 17.200 sq m including 346 ground level parking spaces and 680 underground parking spaces.
The layout has been developed trying to achieve the optimal balance between the number of small units and
the number of medium- and large-size units, in order to generate an effective on a large-scale polarity. To
ensure balanced traffic flows in every area of the project magnets have been carefully positioned within each
sector.
In the northern area of the site, the activities that generate most of the traffic have been positioned at the
two ends, while a small-sized but well-organized offer enriches their respective retail functions.
Sector 1 (i.e. Comparto 1), which includes the superstore, will also host catering facilities which will rely on
air conditioned common areas besides the possibility to use also a wide external area, sheltered by a
protruding roof.
Sector 2 includes, beside three large size units destined to electricals, clothing and puericulture, some retail
units, which, proceeding southwards play different roles to complete the overall merchandise and service
offer. Services such as the bank, the pharmacy, the laundry, have been positioned at the edges of the plot,
in proximity of an area which already has such activities but lacks an adequate number of parking places.
Home goods and clothing are offered beside a large size unit which may be occupied by some catering
facility. The upper floor will be occupied by compatible surface which may be used by the major activities
that operate in the sector.
Duemme SGR SpA – Larry Smith Italia
RIVALTA
2008
The southern area (sector 3), which faces the sports field, includes next to the large size unit specialized
in DIY a large size unit specialized in sportswear. The upper floor will host a fitness centre, which will have
a spacious foyer at ground level. These activities are, to some extent, coherent with the leisure
destination constituted by the nearby sports field.
Having a distribution of the magnets such as the one described above the aggregate results cohesive and
consistent.
Duemme SGR SpA – Larry Smith Italia