STOŽICE CENTER

DEVELOPMENT OPPORTUNITY
Ljubljana, Slovenia
ABOUT THE PROJECT DEVELOPMENT OPPORTUNITY BUILDING PERMITS

Sports Park Stozice is a mixed-use development consisting of a football stadium The Vendor of 100% shares in a spe- BUILDING PERMIT FOR THE COMMERCIAL CENTER IS OBTAINED FOR:
AS PLANNED
and a multi-purpose arena interconnected by a large underground retail scheme cific SPV set up is willing to consider - gross area of the commercial center below Level 1: 87.679,99 m2 (of which 5 %
with a public sports park located on top offered to the public as an open area. The co-development opportunities as well for hospitality use, 4.383,95 m2)
public sports park also includes various sports facilities such as open basketball as full disposal options for the retail - gross volume: 1.084.284,95 m3
court, soccer field, skateboarding park, children’s playground, cycling & running segment of the project in an “as-is” - maximum height: 7,5 m (30 m totem)
tracks and a significant green area reserved for other sports or leisure activi­ties. The scenario. With potential 137.273 sqm of - levels: 2B + GF
sports park spreads across 250,000 sqm which presents a unique project of this gross buildable area to be developed COMMERCIAL CENTER IS PLANNED ON THESE LEVELS:
kind in this part of the world. including 61,682 sqm of leasable retail,
this presents a unique and rare oppor­ Level 1 (+1,00 m): entrance to the commercial center, pavilions, atrium
Sports Park Stožice is located in Ljubljana, capital of Slovenia in the Bežigrad district Level 3 (-6,00 m): commercial center, entry plaza, peripheral service street, de-
tunity in Ljubljana’s retail market which
– just next to the city’s highway bypass. The Bežigrad district serves as the city’s livery road
has a growing demand for new mod­
main central business district with majority of the international companies opening Level 4 (-9,5 m): parking garage, service
ern retail space. Level 5 (-13,00 m): commercial and entertainment center, offices, service, atrium,
their offices or headquarters for the country or the region within one of many office
buildings located in this area. However, in parallel to being a business zone, Beži­ hospitality, connection to Level 3, parking garage.
grad is also one of the most populated residential districts in Ljubljana. BUILDING PERMIT FOR THE 1ST PHASE ENVISIONS THE EXECUTION OF:
Underneath the sports park is the anticipated retail scheme with an open atrium, - pavilions (Level 1, 1.450,40 m2),
also serving as a connection to the park above. The shopping center is planned - elevators and escalators,
to spread across 61,682 sqm of leasable retail space supported with 2,515 park­ing retail shopping street - shopping street and galleries,
spaces. plaza outdoor technical spaces - restrooms,
public toilets emergency exit corridor - main installation shafts and connectors (thermal station, cooling station, venti-
Since the opening of the football stadium and the multipurpose arena in 2010, the lation, sprinkler),
AS BUILT
retail scheme together with half of the sports park and majority of the planned - service road on Level 3 (-6,00 m) for delivery from west and south sides of
parking premises are still awaiting their much anticipated completion. the commercial center, the connection of the ramp to the delivery road and to
Vojkova street,
- delivery ramp from eastern roundabout and Štajerska road.
H3
The project for the commercial center envisions 2515 parking spaces and 13 de-
STOZICE CENTER
livery spaces on levels 3, 4 and 5.
BUILDING PERMIT FOR THE 2ND PHASE ENVISIONS THE EXECUTION OF:
- commercial center, corresponding parking spaces and park,
E61
- western and southern part of the parking garage,
- connecting infrastructure for the commercial center.

CITY
CENTER

E57

A2
SLOVENIAN ECONOMY LJUBLJANA MARKET OVERVIEW
GDP Year-on-Year Growth 2010-2020 Annual delivery of shopping centers in Ljubljana
Slovenia has a developed economy and is per capita the richest of the 6.0%
Ljubljana is the capital of Slovenia, a major economic hub and the prin-
Slavic countries by nominal GDP, and the second richest by GDP (PPP) be- cipal retail center of the country. The retail property market in Ljubljana 1,000,000
hind the Czech Republic. The country was at the beginning of 2007 the first 5.0 % and its wider area has developed significantly over the past decade. Slove- 900,000

Source: Oxford Economics, 2018

new member to introduce the EURO as its currency, replacing the Tolar at 4.0 % nia’s traditional high wealth and purchasing power has always supported
800,000
the time eliminating currency risk for investors. 3.0 %
a strong retail market within the capital. The retail supply in Ljubljana city
center consists of a mix of traditional independent and domestic retailers 700,000

Source: JLL/CBRE, 2017

Slovenia is considered to be the most developed and matured country in 2.0 % alongside department stores almost exclusively on the high street. 600,000
the SEE region mostly due to early EU accession in 2004 when it entered 1.0 %
simultaneously into the European Unit and the Eurozone – the European The Ljubljana retail property sector comprises the traditional historic cen- 500,000
0.0%
single currency monetary union. Like most of the countries across Europe, 2010. 2011. 2012. 2013. 2014. 2015. 2016. 2017e 2018f 2019f 2020f ter, new edge/out of city retail centers, supermarkets and ancillary units, 400,000
Slovenia entered into recession after the economic crisis 2009-2010, until -1.0% traditional suburban retail and individual units. The wider area, including
300,000
2014 when the GDP grew by 3.1% in two consecutive years. In 2017, the -2.0% the edge and out of town retail sector has developed significantly over the
economy additionally accelerated mainly on the back of private consump- -3.0%
last decade, initially with the BTC area and its City Park center and the Mer- 200,000
tion, which benefited from a tight labor market and rising wages. Slovenia cator Center located north west of the city center with later developments
100,000
is expected to outperform the Eurozone, supported by decade-long record GDP growth of Supernova Rudnik 1 located south east of the city center.
levels of business confidence and high levels of consumer confidence. 0
FDI inflows in Slovenia, in million, 2010-2020. During the previous 18 months, there were no new shopping centers de- 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Most foreign investors are attracted by Slovenia’s strategic position at 1,800 livered in Ljubljana. This has been the case in the previous years as well, Stock Supply
the heart of Europe, its excellent transport and ITC infrastructure, its val- 1,600 as the market is considered well supplied with modern retail stock. The
ue chains, industry clusters and centres of excellence. Investors keen on majority of the retail stock is located in the BTC area, which has been trans-
1,400

Source: Oxford Economics, 2018

locating their operations at the heart of the market with 500 million con- formed from an industrial zone and nowadays includes various commer- Ljubljana Shopping center stock
sumers will find Slovenia’s international commercial contracts and the 1,200 cial properties, including business premises and warehouse schemes but
120,000
land-sea-air transport system ideal. Slovenia is ranked 37th on the Ease also hotel accommodation. Recent construction activity was focused on
1,000
of Doing Business list. Largest foreign investors have mostly invested in the expansion of existing supermarket chains in the city. However, the up-
100,000
manufacturing, wholesale & retail trade and finance & insurance services. 800 coming period is expected to witness an increase of new retail supply in
Most notable companies area: Bosch, Goodyear Dunlop Tires Group, Hen- 600
the city. Spar European Shopping Centers (SES) announced the construc-
80,000

Source: JLL/CBRE, 2017

kel, Knauf Insulation, Lafarge, Siemens, Renault, Aldi, Lidl, MOL, OMV ,etc. tion of shopping center Šiška, which will spread over 32,000 sq m of GLA,
400 including around 90 stores, 1,600 parking spaces and roof a terrace with
80 60,000
S&P’s Global Ratings have revised the outlook for Slovenia’s sovereign 200 playgrounds for various sports activities. The overall investment is estimat-
credit rating to stable from positive and affirmed the country’s long-term ed at around €150 million and the completion of the scheme is scheduled
0 40,000
foreign credit rating at A, on prospects of robust economic growth, sup- for 2019. In addition, Swedish furniture retailer IKEA has announced the
ported by strong net exports and increasing private consumption. Moody’s 2010 2011 2012 2013 2014 2015 2016 2017 2018f 2019f 2020f construction of its first store in the capital, located in the BTC area, which
credit rating for Slovenia was last set at Baa1 with stable outlook. Fitch’s will total over 34,000 sq m. 20,000
credit rating for Slovenia was last reported at A- with stable outlook.
S&P rating S&P outlook Moody’s rating Moody’s outlook Fitch rating Fitch outlook
0

BB Positive Baa2 Stable BB Stable City Park Rudnik 1 Mercator Center Interspar Vic BTC- shopping
Siska area
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