Tri-City – Office Market Q4 2011 Office stock & construction activity (excl. Warsaw) sq m 600 000 500 000 400 000 300 000 200 000 100 000 0 Cracow Wroclaw Existing Tri-City Katowice Poznan Lodz Under Construction (excl. projects 'on hold' ) Source: Jones Lang LaSalle, data as of Q4 2011 2 Office stock and vacancy rate sq m (changes q-o-q) 500 000 25% 450 000 23% 400 000 19.10% 20% The vacancy rate in Poland ranges between 3.4% in 18% Wroclaw to 19.1% in Lodz. 15% 350 000 300 000 250 000 200 000 150 000 Vacancy rates (q-o-q) registered in most regional 10% markets have stabilized. 13% 11.50% 9.50% 8.40% 8.00% 8% 100 000 5% 3.40% 50 000 3% 0 0% Cracow Wroclaw Tri-City Stock Katowice Poznan Lodz Vacancy Rate Source: Jones Lang LaSalle, data as of Q4 2011 3 Headline rents in prime locations Warsaw Centre Poznan Cracow Warsaw Non Wroclaw Gdynia Gdansk, Sopot Katowice Lodz 10 15 20 25 (EUR/sq m/month) Source: Jones Lang LaSalle, data as of Q4 2011 4 Tri-City: Projects under construction City Project Gdansk BCB – Building B1 8 900 sq m Q2 2012 Gdansk Garnizon.biz – Gamma & Omega 8 000 sq m Q2 2012 Gdansk Nordika 6 000 sq m Q2 2012 Gdansk OPERA Office 7 500 sq m Q3 2012 Gdansk Olivia Point & Tower 21 500 sq m Q4 2012 Gdansk Neptun Office Centre 15 300 sq m Q1 2014 Total Office Space Completion 67 200 sq m * Table does not include Science and Technology Parks Source: Jones Lang LaSalle, data as of Q4 2011 5 Tri-City: Market forecast Annual supply planned by dev elopers Realistic annual supply sq m Prime headline rents (av erage) at y ear end Forecast* 19 17 15 €/ sq m/month 90 000 80 000 70 000 60 000 50 000 40 000 30 000 20 000 10 000 0 13 2012 2011 2010 2009 2008 2007 2006 11 * Forecast does not include Technology Parks Source: Jones Lang LaSalle, data as of Q4 2011 6 Tri-City: Summary Modern Office Stock Vacancy Rent 349 700 sq m 8.4% Completions in 2008 53 500 sq m Completions in 2009 18 900 sq m Completions in 2010 28 500 sq m Completions in 2011 33 000 sq m Projects Under Construction 67 200 sq m Prime Headline Rents (€/ m2/ month) 12.00-14.00 Source: Jones Lang LaSalle, data as of Q4 2011 7 Thank you! Magdalena Reńska Head of Office Agency, Gdansk ul. Kaprów 19/28, 80-316 Gdansk Mob. +48 602 116 816 [email protected] Eurobuild Awards 2011 winner in 4 categories: Investment Agency Team of the Year, CEE Office Agency Team of the Year, Poland Retail Agency Team of the Year, Poland Warehouse Agency Team of the Year, Poland The Eurobuild Awards recognize and reward the success and dynamism on the real estate market in Poland and the wider CEE region. The event gathered 170 senior real estate and business professionals and the voting process was independently monitored by KPMG. This publication is the sole property of Jones Lang LaSalle IP, Inc. and must not be copied, reproduced or transmitted in any form or by any means, either in whole or in part, without the prior written consent of Jones Lang LaSalle IP, Inc. The information contained in this publication has been obtained from sources generally regarded to be reliable. However, no representation is made, or warranty given, in respect of the accuracy of this information. We would like to be informed of any inaccuracies so that we may correct them. Jones Lang LaSalle does not accept any liability in negligence or otherwise for any loss or damage suffered by any party resulting from reliance on this publication. COPYRIGHT © JONES LANG LASALLE IP, INC. 2012
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