PRINCIPE PIO - Klépierre · principe pio at a glance . klepierre — principe pio, urban day-to-day fashion and convenience shopping — june 9, 2016 5 a shopping center located

KLEPIERRE — PRINCIPE PIO, URBAN DAY-TO-DAY FASHION AND CONVENIENCE SHOPPING — June 9, 2016

PRINCIPE PIO URBAN DAY-TO-DAY FASHION AND CONVENIENCE SHOPPING

KLEPIERRE — PRINCIPE PIO, URBAN DAY-TO-DAY FASHION AND CONVENIENCE SHOPPING — June 9, 2016

PRINCIPE PIO HIGHLIGHTS 01 3

KLEPIERRE — PRINCIPE PIO, URBAN DAY-TO-DAY FASHION AND CONVENIENCE SHOPPING — June 9, 2016

TODAY PRINCIPE PIO IS

A hybrid shopping center combining the offering of a railway station with the retail mix of an urban center

A strategically located shopping center embedded into a strong transportation hub (45 million passengers per year)

A perfectly embedded retail facility, occupying a well-known landmark historical building in the very heart of the Spanish capital’s major tourist attractions (Royal Palace, Gran Via street, Madrid Rio, etc.)

Recording a high level of sales per sq.m. (€ 5,152)

TOMORROW PRINCIPE PIO WILL BE

A renewed shopping destination where commuters will spend more time dwelling thanks to the enhanced retail mix and food court

The restructuring of the outdoor square will strengthen the center’s appeal

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PRINCIPE PIO AT A GLANCE

KLEPIERRE — PRINCIPE PIO, URBAN DAY-TO-DAY FASHION AND CONVENIENCE SHOPPING — June 9, 2016 5

A SHOPPING CENTER LOCATED IN A LANDMARK HISTORICAL BUILDING

1882

Opening of the railway station

2004

Opening of the shopping center embedded in the railway station

2009

Acquisition of the shopping center by Corio (95%)

2015

Acquisition by Klépierre

2016

New lease signed with ADIF for the outdoor square (20-year term)

KLEPIERRE — PRINCIPE PIO, URBAN DAY-TO-DAY FASHION AND CONVENIENCE SHOPPING — June 9, 2016 6

KEY FIGURES

28,700 sq.m. Total GLA

123 Number of units

5 Number of mid-size units

23 Number of restaurants

Supercor Supermarket

11.1 M Footfall

1,000 Parking slots

95% Klépierre Ownership (opening in 2004)

KLEPIERRE — PRINCIPE PIO, URBAN DAY-TO-DAY FASHION AND CONVENIENCE SHOPPING — June 9, 2016 7

ONE OF THE HIGHEST SALES PER SQ.M. FOR A SHOPPING CENTER IN SPAIN

(1) Data as of year-end 2015

€5,152 2015 Retailer sales

per sq.m. (shops)

€9.7M 2015 Net Rental Income

5.0% EPRA vacancy rate(1)

€72 M 2015 Total sales

+5.4% 2015 Increase in retailer sales

+2.5% Q1 2016 Sales increase

KLEPIERRE — PRINCIPE PIO, URBAN DAY-TO-DAY FASHION AND CONVENIENCE SHOPPING — June 9, 2016

LOCATION & CATCHMENT AREA 02

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KLEPIERRE — PRINCIPE PIO, URBAN DAY-TO-DAY FASHION AND CONVENIENCE SHOPPING — June 9, 2016 9

UNIQUE ACCESSIBILITY: A RETAIL FACILITY EMBEDDED IN THE CITY CENTER

Near Madrid’s most important tourist attraction areas: Royal Palace, Gran Via street, Madrid Rio, etc.

In one of the most important transport hubs of Madrid Subway: 3 lines Light rail: 2 lines Bus: 12 lines Car

• M40 Exit 51 • Calle 30 Exits 18 & 20

Traffic

45 M travelers (1)

Palacio Real

La Almudena

Plaza de España

Retiro

Plaza del Sol

Plaza Mayor

Museo del Prado

Principe Pio

(1) Source: ADIF

KLEPIERRE — PRINCIPE PIO, URBAN DAY-TO-DAY FASHION AND CONVENIENCE SHOPPING — June 9, 2016

RETAIL OFFER 03 10

KLEPIERRE — PRINCIPE PIO, URBAN DAY-TO-DAY FASHION AND CONVENIENCE SHOPPING — June 9, 2016

ANCHORS

SELECTED BRANDS

RESTAURANTS

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KEY BRANDS

KLEPIERRE — PRINCIPE PIO, URBAN DAY-TO-DAY FASHION AND CONVENIENCE SHOPPING — June 9, 2016

20-40 years old (55%) Working people (56%)

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FOOD AND FASHION DOMINATE THE RETAIL MIX

Food & Restaurants 19%

Fashion / Personal items 42%

Entertainment and services 8%

Supermarkets 2%

Retail mix (as % of rents) Data as of 12/31/2015

Household equipment 1%

Specialized large stores 7%

Beauty and Health 9% Culture, gifts, leisure

13%

CUSTOMERS ARE 36 years old on average 60% women

KLEPIERRE — PRINCIPE PIO, URBAN DAY-TO-DAY FASHION AND CONVENIENCE SHOPPING — June 9, 2016 13

LEASING STRATEGY SINCE ACQUISITION (JANUARY 2015)

Increase shopping center footprint and visibility within the transportation hub

Refurbishment of the main entrance from the station hall to the shopping center

Signature of an agreement with ADIF to take control of the outside square and develop retail offer

Extension of existing stores

New retailers welcomed

Arrivals

Reorganization and strengthening of

fashion mix

Ongoing improvement in the quality of the

food offering

Strengthening of retail mix with brands more

oriented to serve commuters

KLEPIERRE — PRINCIPE PIO, URBAN DAY-TO-DAY FASHION AND CONVENIENCE SHOPPING — June 9, 2016 14

SHOPPING CENTER MAP: LEVEL -1

KLEPIERRE — PRINCIPE PIO, URBAN DAY-TO-DAY FASHION AND CONVENIENCE SHOPPING — June 9, 2016 15

SHOPPING CENTER MAP: GROUND FLOOR

Pedestrian entrances: 92% footfall

KLEPIERRE — PRINCIPE PIO, URBAN DAY-TO-DAY FASHION AND CONVENIENCE SHOPPING — June 9, 2016 16

Cinemas welcome 570,000 customers per year

SHOPPING CENTER MAP – FIRST FLOOR

KLEPIERRE — PRINCIPE PIO, URBAN DAY-TO-DAY FASHION AND CONVENIENCE SHOPPING — June 9, 2016

WHAT’S NEXT? 04 17

KLEPIERRE — PRINCIPE PIO, URBAN DAY-TO-DAY FASHION AND CONVENIENCE SHOPPING — June 9, 2016

Creation of > 900 sq.m. of retail space (17 kiosks, 4 restaurant terraces and 3 retail units) Control and management of the outdoor square obtained (lease signed with ADIF for a 20 year term) Application for commercial licenses in process

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REINFORCE APPEAL AND VISIBILITY (SQUARE)