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LOCATION GROUP

Location Group Research: Zurich Retail Rents are No. 1 in Europe
The most popular retail locations are in Switzerland

Ein Dokument

Zurich (ots)

- Indication: The register "Most expensive retail location in each
   Country" can be downloaded free of charge under:                  
   http://www.presseportal.ch/de/pm/100019131/?langid=2 -
At 10,000 Swiss Francs (7,500 Euro) per square meter, Zurich's 
Bahnhofstrasse is currently the most expensive place to rent in 
Europe and number 3 worldwide, after New York and Hong Kong. This is 
shown by the latest survey by the Location Group. Zurich is therefore
the winner in the current retail rent index of all EU Member States. 
Before now, with respect to new leases Zurich regularly landed behind
the Champs-Elysees in Paris and Bond Street in London on the list of 
most expensive retail locations. At the current Euro exchange rate, 
one must expect to pay rent of 9,790 Francs at the best business 
locations in London, as a study by Cushman & Wakefield shows. London 
is closely followed by Paris, where purchasing power is somewhat 
lower, and so monthly rents of 9,330 Francs (7,369 Euros) are asked. 
Zurich has been catapulted to the top by the current exchange rate.
Luxury brands are attracted to Switzerland because of the world's 
highest purchasing power. Geneva still benefits from its 
internationality and Zurich enjoys the image of the city with the 
highest quality of life in Europe. In the coming months, in Zurich we
expect new business from abroad who have already secured their top 
sites," says Marc-Christian Riebe, CEO, Location Group, Zurich.
Geneva is catching up with prime rents for retail space with 7,400
Swiss Francs (5,564 Euros) per square meter per year. The high 
concentration of luxury goods in the border city is influenced by its
visitors. Rich tourists and businessmen from the Middle East bring 
high profits to the luxury goods industry.

Contact:

Marc-Christian Riebe
CEO Location Group
Tel.: +41/44/225'95'00
E-Mail: mcr@location.ch
Internet: www.location.ch

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