Presentation of City-Galerie Wolfsburg
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The City-Galerie Wolfsburg is a shopping center located in Wolfsburg, Germany that opened in 2001. It has a sales area of 23,908 square meters and is expected to generate €100.3 million in net turnover in 2011. The catchment area includes over 530,000 people within a 45 minute drive. In 2011 and 2012, the City-Galerie Wolfsburg is undergoing a restructuring as many lease agreements from its opening in 2001 are expiring, with plans to renew some contracts and bring in 23 new shops.
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Presentation of City-Galerie Wolfsburg
- 1. Welcome to the City-Galerie Wolfsburg Wolfsburg, 16.09.2011
- 2. Location City of Wolfsburg Inhabitants 121,109 Sales area in sqm 286,945 Turnover in € million 867.8 Productivity in € per sqm 3,024 Purchase power index 111.4 Sales area per inhabitant in sqm 2.36 Retail turnover per inhabitant in € 5,750 Centrality in % 124 Unemployment rate in % 6.6 Commuters (Monday-Friday) approx. 63,000 Sources: GFK, cima and City of Wolfsburg
- 3. Facts & Figures City-Galerie Wolfsburg Grand Opening: 6 September 2001 SPV: City-Galerie Wolfsburg KG (100 % Deutsche EuroShop) Sales area: 23,908 sqm - 91 Shops Anchor tenants: Saturn (3,184 sqm), Hempel (2,463 sqm), Sport Scheck (1,594 sqm), REWE (1,200 sqm) Expected net turnover €100.3 million 2011: Expected net turnover €4,195 2011 per sqm: Parking: 800 Footfall: 26,300 visitors per day
- 4. Catchment Area The potential catchment area Zone I 18,566 people Core (5 min.) Zone II 127,645 people Local (15 min.) Zone III 81,047 people Regional (30 min.) Zone IV 302,989 people Extended Regional (45 min.) Total 530,274 people
- 5. DOW Opening 12/2007 1 1 10,500 sqm, 44 Shops 1 Competition planned extension 2012 by 7.500 sqm, 40 Shops 2 Markthalle Opening 10/2009 2 approx. 1.500 sqm, many vacancies 3 WKS 4 3 approx. 2.800 sqm C&A 5 4 approx. 3.500 sqm 6 H&M 5 approx. 2.000 sqm 7 Drogerie Müller 6 approx. 2.500 sqm Südkopfcenter approx. 10.000 sqm 7 Aldi approx. 1.000sqm REAL approx. 3.500 sqm
- 6. Basement
- 7. Ground Floor
- 8. 1st Floor
- 9. Sector Mix % of lettable space 3% 5% 9% food fashion shoes/leather 26% sport 31% health&beauty non-food 9% 9% 8% service catering
- 10. Restructuring 2011/12 Current status: • 67 lease agreements expire in 2011/12 (10 years after the opening) • 44 follow-up contracts are already negotiated • 23 new shops respectively relocations within the center are planned (e. g. Intersport Voswinkel, Deichmann, Only, Vila, Sidestep, E-Plus) • Only 2 shops are vacant at the moment.