Q INDUSTRIAL & LOGISTICS MARKET REVIEW, POLAND. At a glance. Market Summary

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1 At a glance INDUSTRIAL & LOGISTICS MARKET REVIEW, POLAND Q 0 Market Summary After the stunning 0, when gross take-up for modern warehouse space peaked at nearly. million sqm, the market maintains growth impetus with as much as. million leased over the first nine months of 0. Considering positive forecasts for the Polish economy, including increases of industrial production, high levels of exports as well as strong domestic demand, the leasing activity in 0 should close at the similar level as in previos year. At the end of Q 0 the total stock of modern industrial & logistics space in Poland reached. million sqm, of which approx. 00,000 sqm were delivered since January 0. Compared with the corresponding period of last year, the supply grew by nearly 0%. Developers continue to diverse their activity and split investments into speculative and built-to-suit. As a result of steady and strong occupier activity, since the beginning of the year vacancy rate has dropped by. p.p. reaching.0%. BNP Paribas Real Estate expects this trend to continue over the course of the next couple of quarters. There have been no significant rent fluctuations recorded in most of the regions. However, in hotspots of Poznań, Kraków and Tri-City, due to low vacancy rate, landlords have raised their headline rent expectations by around % with lower incentive packages offered. Map of Industrial & logistics Hubs & transportation network Gdańsk BNP Paribas Real Estate has divided the industrial & logistics market into the primary and secondary hubs as marked on the map. Primary Hubs:. Warsaw I & Warsaw II. Upper Silesia. Central Poland. Poznań. Wrocław. Tri-City Secondary Hubs:. Kraków. Bydgoszcz / Toruń. Szczecin. Rzeszów / Lublin MAJOR NATIONAL ROADS HIGHWAYS: Existing Under construction Planned EXPRESS ROADS: Existing Under construction Planned Szczecin Zielona Góra Gorzów Wlkp. Bydgoszcz Poznań Wrocław Toruń Opole Łódź Piotrków Tryb. Katowice Olsztyn Kraków Kielce Warszawa Rzeszów Białystok Lublin

2 AT A GLANCE - INDUSTRIAL & LOGISTICS MARKET REVIEW, POLAND - Q 0 Primary Hubs Warsaw I & Warsaw II The largest market in Poland is split into two zones: Warsaw I within Warsaw boundaries, holding.% of the market share in terms of supply, Warsaw II within 0 km radius from the city boundaries accounting for.% of market share. The hub benefits from the critical mass of the Warsaw agglomeration, its central location in Poland and convenient transportation links with other parts of Poland as well as Europe. Warsaw I Hub serves mainly the agglomeration, with some schemes providing services also to the regions. Many projects within this hub are let in smaller units when compared to typical out-of-town logistic parks. It is has experienced a lot of recent letting and reletting activity and records the highest rental rates across Poland. In Q 0 one scheme was delivered in Zone (Distribution Park Annopol,00 sqm). Over the next couple of months, the stock will increase by a further,00 sqm in Zone and,00 sqm in Zone. WARSAW I Pomiechówek NOWY DWÓR MAZOWIECKI Czosnów Jabłonna Narew Wieliszew Nieporęt LEGIONOWO Ryżowa Nowolazurowa Kleszczowa AL. JEROZOLIMSKIE W-WA RAKÓW 0 0 Szyszkowa Łopuszańska AL. KRAKOWSKA Lotnisko Warszawa Okęcie im. Fryderyka Chopina E ŁOMIANKI POŁUDNIOWA OBWODNICA WARSZAWY (S) MARKI KOBYŁKA WOŁOMIN Izabelin C Stare Babice S E ZĄBKI ZIELONKA E0 OŻARÓW MAZOWIECKI BRWINÓW PODKOWA LEŚNA E A Nadarzyn. Supply of over 00,000 sqm PIASTÓW PRUSZKÓW Utrata S S Opacz E 0 0 Janki Lesznowola Jeziorka PIASECZNO WARSZAWA KONSTANCIN- -JEZIORNKA E0 JÓZEFÓW OTWOCK KARCZEW 0 km. Annopol Business Park. Bokserska Distribution Center. City Point. Diamond Business Park Ursus. Distribution Park Annopol. Distribution Park Okęcie. Gate One. Airport House. Ideal Idea II 0. Ideal Idea III. Kolmet. Krakowska Distribution Center. Łopuszańska Business Park. Manhattan Business & Distribution Center. Metropol Park Jagiellońska. Norblin Industrial Park. Platan Park. Prologis Park Warsaw II. Segro Business Park Warsaw, Żerań 0. Space Distribution Center. Ursus Logistic Center. Warsaw Distribution Center. Żeran Park I. Żoliborskie Centrum Biurowo- Magazynowe

3 AT A GLANCE - INDUSTRIAL & LOGISTICS MARKET REVIEW, POLAND - Q 0 WARSAW I WARSAW II,00 sqm. million sqm,00 sqm,00 sqm Vacancy rate.0%.% per sqm/month.0-.0 per sqm/month * As of September 0 WARSAW II Dzierzążnia Płońsk Joniec Nowe Miasto Świercze Nasielsk Winnica Pokrzywnica Zatory 0 J. Zegrzyńskie Somianka Czerwińsk nad Wisłą Wyszogród Bzura Nowy Kawęczyn Brochów Młodzieszyn Rawka Naruszewo Pisia Utrata Regnów Cielądz Kampinos Załuski Zakroczym Leoncin Biała Rawska Leszno Sadkowice Wkra Pomiechówek Czosnów Błędów Izabelin C Stare Babice Utrata Belsk Duży Jabłonna E Goszczyn Narew Wieliszew Jeziorka Jasieniec Serock Nieporęt Bug Kobyłka Pilica Dąbrówka S Klembów Sulejówek Ożarów E0 Mazowiecki S 0 0 WARSZAWA 0 Teresin Błonie Wiązowna Pruszków Józefów 0 Raszyn Brwinów Milanówek Baranów Podkowa E0 Leśna OTWOCK Lesznowola Wiskitki A Nadarzyn Konstancin- Jaktorów GRODZISK 0 -Jeziorna MAZOWIECKI Karczew E PIASECZNO E ŻYRARDÓW Radziejowice Żabia Wola Puszcza Tarczyn Góra Mariańska MSZCZONÓW Kalwaria Prażmów S Pniewy Sobienie- -Jeziory Kowiesy Chynów SOCHACZEW Rawa Mazowiecka E NOWY DWÓR MAZOWIECKI ŁOMIANKI GRÓJEC S LEGIONOWO Marki Radzymin Ząbki Zielonka WOŁOMIN Warka Grabów nad Pilicą km. AB Logistyka. Atlantic. Altmaster Wola Mrokowska. Altmaster Pęcice. Altmaster Piaseczno. Błonie Business Park. Diamond Business Park Raszyn. Diamond Business Park Piaseczno. Distribution Park Grodzisk Mazowiecki 0. Europolis Park Błonie. Good Point Puławska I. Good Point Puławska II, III. Goodman Warsaw Logistics Centre. Metropol Park Błonie. MLP Pruszków I. MLP Pruszków II. Ożarów Logistic Center. Panattoni Park Błonie. Panattoni Park Garwolin 0. Panattoni Park Ożarów I, II. Panattoni Park Pruszków. Panattoni Park Pruszków II. Panattoni Park Święcice. Panattoni Park Teresin. Piaseczno Business Park. Point of View Kawęczyn. Point of View Piaseczno. PointPark Mszczonów. Prologis Park Błonie 0. Prologis Park Błonie II. Prologis Park Janki. Prologis Park Nadarzyn. Prologis Park Sochaczew. Prologis Park Teresin. Pruszkowskie Centrum Dystrybucyjne. Raszyn Business Park. Reguły Logistic Park. Segro Business Park Warsaw, Ożarów. Stolica Business Center 0. Techniczna Industrial Park. Tulipan Park Warszawa. WAN Pruszków Mogielnica Promna

4 AT A GLANCE - INDUSTRIAL & LOGISTICS MARKET REVIEW, POLAND - Q 0 Upper Silesia The Upper Silesian Hub holds second position in terms of market share in the overall supply of industrial and logistics space in Poland (.%). In the last quarter the market expanded by a,000 sqm with Panattoni Park Glwiice II. A further,00 sqm is under construction. Benefiting from an excellent transportation network, including A and A motorways running across the region, proximity to Southern and Western borders of Poland, as well as substantial manufacturing base and large consumer market, the Hub has attracted key players, who have developed logistic parks along the main transport corridors. Demand remains strong within the area with occupiers recruiting mainly from PL, manufacturing and FMCG companies. Due to balanced vacancy rate, rents have remained flat over the course of the last few quarters and the situation is unlikely to change in the mid-term horizon. UPPER SILESIA. million sqm,00 sqm Vacancy rate.%.00-. per sqm/month SILESIA Kolonowskie Ciasna Dobrodzień Pawonków Lubliniec Zawadzkie * As of September 0 Blachownia Herby Konopiska CZĘSTOCHOWA Olsztyn Podczesna Kochanowice Poraj Koszęcin Boronów Kamienica Polska Starcza J. Porajskie Żarki Koziegłowy Jemielnica Strzelce Opolskie 0 Ujazd Kuźnia Raciborska Ruda Nędza Lyski Pszów Gorzyce Rudziniec Warmątowice J. Rybnickie Gaszowice Rydułtowy Bohumín Radlin WODZISŁAW ŚLĄSKI ORLOVÁ Petřvald Toszek 0 Mała Panew Sośnicowice Jejkowice Olza Krupski Młyn Wielowieś Pyskowice KNURÓW Pilchowice Marklowice A Mszana Godów E0 KARVINÁ GLIWICE A RYBNIK Jankowice Zebrzydowice Hażlach HAVÍŘOV Tworóg Zbrosławice BIELSKO- -BIAŁA JASTRZĘBIE- -ZDRÓJ CZERWIONKA- -LESZCZYNY A ŻORY Dębowiec Pszczynka Pawłowice Strumień Skoczów Kłodnica Orzesze Suszec J. Goczałkowickie Kalety TARNOWSKIE GÓRY Chybie Radzinków Miasteczko Śl. Ożarowice Świerklaniec Brynica Łaziska G. Wyry TYCHY PSZCZYNA E0 E Kobiór CZECHOWICE- -DZIECICE Jasienica E E0 E E Jaworze Bobrowniki Woźniki Miedźna Bojszowy A Mierzącice Kozy sza Prze m Cza rna Brzeszcze Wilamowice Bestwina Soła Przemsza S Imielin Warta Siewierz Poręba Chełm Śl. Lędziny Libiąż Chełmek Bieruń Goczałkowice- -Zdrój S E S MYSZKÓW A Psary PIEKARY ŚL. DĄBROWA G. BYTOM 0 Wojkowice ZABRZE CHORZÓW RUDA ŚL. S ŚWIĘTOCHŁOWICE 0 SOSNOWIEC S Gierałtowice MYSŁOWICE JAWORZNO KATOWICE Ormontowice A OŚWIĘCIM Kęty E0 Przeciszów Osiek Polanka Wielka Wieprz Andrychów E km. Alliance Silesia Logistics Center. Centrum logistyczne Milowice. Diamond Business Park Gliwice. Distribution Park Będzin. Distribution Park Sosnowiec. DL Invest Park Dąbrowa Górnicza. DL Invest Park Psary/Czeladź. Goodman Gliwice Logistics Centre. Goodman Sosnowiec Logistics Centre 0. Górnośląski Park Przemysłowy. MLP Bieruń. MLP Tychy. Panattoni Park Bielsko-Biała. Panattoni Park Czeladź. Panattoni Park Gliwice I. Panattoni Park Gliwice II. Panattoni Park Mysłowice. Prologis Park Będzin II. Prologis Park Chorzów 0. Prologis Park Dąbrowa. Prologis Park Ruda. Prologis Park Ujazd. Segro Business Park Gliwice. Segro Industrial Park Tychy. Silesia Logistic Park. Śląskie Centrum Logistyczne. Terminal Logistyczny Promont Tychy. Tulipan Park Gliwice

5 AT A GLANCE - INDUSTRIAL & LOGISTICS MARKET REVIEW, POLAND - Q 0 Central Poland The Central Poland Hub is the third largest industrial and logistics hub in Poland with.% of the market share, which will be further expanded by,000 sqm currenly under construction. Being located close to A and A motorway junctions is the key advantage of the Hub, attracting both developers as well as occupiers. Take-up of space in the Central Poland Hub has increased over the last quarters, pushing the vacancy down to.% in September 0. Rents have been relatively stable over the course of the last quarters and the trend is likely to continue. CENTRAL POLAND. million sqm,000 sqm Vacancy rate.% per sqm/month * As of June 0 CENTRAL POLAND Łęczyca E Parzęczew Bzura Lutomiersk Dobroń Kluki Aleksandrów Łódzki Zelów Góra św. Małgorzaty Ner Kleszczów Sulmierzyce Witonia Ozorków ZGIERZ Konstantynów Łódzki S Widawka Grabia Drużbice Piątek Moszczenic a 0 Ksawerów PABIANICE Dłutów E A E0 ŁÓDŹ Grabica BEŁCHATÓW Bzura Stryków Kamieńsk Rzgów E A Tuszyn Wola Krzysztoporska E A A Rozprza Mroga Bielawy Głowno Brójce Gorzkowice Andrespol Czarnocin Moszczenica Domaniewice Dmosin Brzeziny Wolbórk a Zduny Będków Wolbórz Luciąża Rokiciny Łęki Szlacheckie ŁOWICZ Rogów Koluszki J. Sulejowskie Pilica Ręczno Chąśno Łyszkowice Słupia Budziszewice Czarna Bzura Nowa Sucha Rawka Nieborów Bolimów SKIERNIEWICE Maków Lipce Reymontowskie Ujazd PIOTRKÓW TRYBUNALSKI Jeżów TOMASZÓW MAZOWIECKI Sulejów A 0 E0 Lubochnia Mniszków Aleksandrów Godzianów Skierniew ka Głuchów Żelechlinek E S Sławno Paradyż Żarnów Nowy Kawęczyn Rawa Mazowiecka Czerniewice Pilica Rzeczyca Inowłódz Opoczno Białaczów km 0 0 Rawka. Diamond Business Park Łódź. Diamond Business Park Stryków. Europolis Park Poland Central. Goodman Łódź Logistics Centre. Logis. Logistic City Piotrków Distribution Centre. Łódź Business Park. Panattoni Park Business Center Łódź. Panattoni Park Łódź East 0. Panattoni Park Łódź South. Panattoni Park Stryków. Prologis Park Piotrków I. Prologis Park Piotrków II. Prologis Park Rawa. Prologis Park Stryków. Segro Business Park Łódź. Segro Logistics Park Stryków

6 AT A GLANCE - INDUSTRIAL & LOGISTICS MARKET REVIEW, POLAND - Q 0 Poznań Poznań Hub remains to be the most active region in terms of development. Since the beginning of 0 as much as,000 sqm was delivered, which brought the volume of stock to exceed. million. A further,000 sqm are under construction. Despite the sharp increase in supply, at the end of Q 0, vacancy moved up only p.p. compared to the previous quarter. Prime headline rents increased by % to. per sqm/month. POZNAŃ. million sqm,000 sqm Vacancy rate.%.0-. per sqm/month * As of September 0 POZNAŃ Lubasz Połajewo Ryczywół Budzyń WĄGROWIEC Wapno Wronki Obrzycko Rogoźno Mieścisko Sroki Ostroróg Szmotuły Oborniki Warta Kłecko A Mogilnica Duszniki E0 Buk Opalenica Grodzisk Wielkopolski Kamieniec Śmigiel Granowo E Lipno Kaźmierz Tarnowo Podgórne Dopiewo E Kościan Osieczna Rokietnica S 0 Komorniki Stęszew Czempiń Mosina Krzywiń Suchy Las Puszczykowo Brodnica Warta Murowana Goślina Czerwonak POZNAŃ 0 ŚREM Dolsk SWARZĘDZ Kórnik Pobiedziska Kostrzyn Zaniemyśl Kleszczewo E0 Książ Wielkopolski Jaraczewo Kiszkowo E Środa Wielkopolska Dominowo Krzykosy Łubowo Czerniejewo Nekla A Miłosław S Nowe Miasto n. Wartą JAROCIN km. Centrum Magazynowe Bugaj. Clip Centrum Logistyczno Inwestycyjne Poznań. Distribution Park Gądki. Doxler. Goodman Poznań Airport Logistics Centre. Goodman Poznań Logistics Centre. Goodman Poznan II Logistics Centre. Logit. Luvena Logistic Park Poznań 0. MLP Poznań. Nickel Technology Park Poznań. Panattoni Park Poznań I. Panattoni Park Poznań II. Panattoni Park Poznań III. Panattoni Park Poznań IV. Panattoni Park Robakowo. PointPark Poznań. Prologis Park Poznań I. Prologis Park Poznań II 0. Prologis Park Poznań III. Segro Logistics Park Poznań

7 AT A GLANCE - INDUSTRIAL & LOGISTICS MARKET REVIEW, POLAND - Q 0 Wrocław Wrocław Hub, which due to the proximity of A motorway has excellent links with Germany, has been very dynamic both in terms of supply as well as demand. Despite a substantial increase of supply at over,000 sqm, the vacancy rate has not grown extensively. The region records the second highest level of development activity with 00,00 sqm currently under construction, still rents have maintained at the similar level. WROCŁAW.0 million sqm 00,00 sqm Vacancy rate.%.0-.0 per sqm/month * As of September 0 WROCŁAW Wąsosz Jemielno Milicz Wińsko Żmigród Krośnice S Wołów Prusice Twardogóra Oborniki Śl. Trzebnica Zawonia E0 Malczyce Żarów Środa Śląska J. Mietkowskie Brzeg Dolny A Kostomłoty Kąty Wrocławskie ŚWIDNICA Pieszyce Mietków Marcinowice Sobótka BIELAWA Piława Górna Odra Miękinia Strzegomka Łagiewniki DZIERŻONIÓW E Niemcza Ciepłowody Wisznia Mała 0 A S Kobierzyce Żórawina E Jordanów Śląski A WROCŁAW Borów Kondratowice E Oława Domaniów Strzelin Przeworno Długołęka E0 Czernica Siechnice Wiązów Dobroszyce S Odra Oława E OLEŚNICA Jelcz- -Laskowice OŁAWA Skarbimierz Osiedle A Grodków S BIerutów Lubsza Olszanka BRZEG E km. Distribution Park Wrocław. Eurologis. Gazowa Industrial Park. Goodman Wrocław East Logistics Centre. Goodman Wrocław South Logistics Centre. Panattoni Industrial Park Wrocław. Panattoni Park Wrocław I. Panattoni Park Wrocław II. Panattoni Park Wrocław III 0. Prologis Park Wrocław I. Prologis Park Wrocław III. Prologis Park Wrocław IV. Prologis Park Wrocław V. Segro Industrial Park Wrocław. Skalski Logisitic Park. Tiner Logistic Park. Wrocław Bielany Business Park. Wrocław Business Park. VATT Invest Wrocław Nowa Ruda Stoszowice Ząbkowice Śl. Ziębice km

8 AT A GLANCE - INDUSTRIAL & LOGISTICS MARKET REVIEW, POLAND - Q 0 Tri-City Location close to the sea (Deep Container Terminal in Gdańsk) and A motorway connection with south of the country, provides a good ground for development of this industrial and logistics hub in the Tri-City area. The current supply in the Region is estimated at around,00 sqm with a further,00 sqm under construction, which in relation to its current stock, is relatively high. Vacancy rate has grown from.% at Q 0 to.% at Q 0, mainly due to delivery of,000 sqm Gdańsk Kowale III. TRI-CITY,00 sqm,00 sqm Vacancy rate.%.0-.0 per sqm/month * As of September 0 TRI-CITY Krokowa Władysławowo J. Żarnowieckie Gniewino Puck Jastarnia Luzino E WEJHEROWO Szemud Reda RUMIA Reda Kosakowo S E Zatoka Pucka GDYNIA SOPOT Hel Zatoka Gdańska Przodkowo 0 GDAŃSK Chmielno J. Raduńskie Dln. KARTUZY Żukowo S E Martwa Stegna Sztutowo Somonino 0 Nowa Karczma Przywidz Liniewo Stara Kiszewa Kaliska Zblewo Kolbudy Radunia Trąbki Wielkie Skarszewy STAROGARD GDAŃSKI PRUSZCZ GDAŃSKI A Suchy Dąb Pszczółki E TCZEW Pelplin Sulkowy Cedry Wielkie Lichnowy Miłoradz Ostaszewo Nowy Staw MALBORK SZTUM Nowy Dwór Gdański Nogat Stary Targ km. Centrum Logistyczne Gdańsk Kowale I. Centrum Logistyczne Gdańsk Kowale II. Centrum Magazynowe Hutnicza. Diamond Business Park Gdańsk. Goodman Pomeranian Logistics Centre. Logistic Center Pruszcz Gdański. Panattoni Park Gdańsk. Prologis Park Gdańsk. Segro Logistics Park Gdańsk

9 AT A GLANCE - INDUSTRIAL & LOGISTICS MARKET REVIEW, POLAND - Q 0 Secondary Hubs Kraków Despite high demand for logistics space for the Kraków Hub, which has been confirmed by continuous low level of vacancy rates, the market has not been developing fast and lags behind the Primary Hub league. As a result of lack of balance between supply and demand, rents in Kraków Hub belong to the highest rates in Poland with the tendency to grow. The situation will continue in the mid-term horizon. KRAKÓW,000 sqm,00 sqm Vacancy rate.%.-.00 per sqm/month * As of September 0 Sędziszów KRAKÓW Wodzisław Pińczów ZAWIERCIE Ogrodzieniec Żarnowiec Kozłów Michałów Pilica Książ Wielki Wolbrom Charsznica Miechów E Słaboszów Działoszyce Klucze Bolesław Bukowno OLKUSZ Trzyciąż Sułoszowa Gołcza Skała Słomniki Radziemice Racławice Pałecznica Skalbmierz Czarnocin Kazimierza Wielka Trzebinia Tomice Spytkowice S kawa Wadowice Mucharz Stryszawa Krzeszowice CHRZANÓW A E0 E Babice Alwernia Brzeźnica Kalwaria Zebrzydowska Zembrzyce Sucha Beskidzka Zawoja. Supply up to 00,000 sqm Stryszów Świnna Poręba (bud.) S kawa Jerzmanowice Liszki Czernichów Budzów Zabierzów Lanckorona Maków Podhalański 0 Bystra S Wielka Wieś Skawina Tokarnia Jordanów Raba Wyżna Mogilany E Sułkowice Iwanowice Włościańskie Michałowice Zielonki S J. Dobczyckie Myślenice Lubień KRAKÓW Wieliczka Świątniki Górne Siepraw Pcim Rabka- -Zdrój Luborzyca Dobczyce Wiśniowa Mszana Dolna Koniusza Niepołomice A Tomaszkowice Niedźwiedź Gdów Raciechowice Jodłownik Dobra Raba Proszowice Wawrzeńczyce Kłaj Łapanów Nowe Brzesko Tymbark Trzciana Nowy Wiśnicz Żegocina Laskowa Limanowa Słopnica Drwina E0 Raba Rzezawa BOCHNIA Lipnica Murowana Łukowica km. Centrum Logistyczne Kraków I. Centrum Logistyczne Kraków II. Centrum Logistyczne Kraków III. Centrum Logistyczne Olkusz. Goodman Kraków Airport Logistics Centre. MARR Business Park. MK Logistic. Panattoni Park Kraków. Witek AirPort Logistic Centre

10 AT A GLANCE - INDUSTRIAL & LOGISTICS MARKET REVIEW, POLAND - Q 0 Rzeszów / Lublin S Rzeszów / Lublin Hub has been gaining on importance due to the fact that these are the last industrial and logistic spots at the EU border. The majority of the stock is built-to-suit. There is no rental movement within the region, which is unlikely to change over the next few quarters. Kamionka RZESZÓW / LUBLIN,00 sqm,00 sqm Vacancy rate.%.0-.0 per sqm/month LUBLIN Końskowola Abramów S Kurów Markuszów Garbów Wąwolnica Nałęczów Wojciechów Poniatowa Bełżyce Jastków LUBLIN Konopnica Niemce Bystrzyca Serniki Spiczyn Jakubowice Murowane S Wieprz ŚWIDNIK * As of September 0 Mełgiew S Ludwin Łęczna Puchaczów Milejów Cyców Chodelka Chodel Niedrzwica Duża Borzechów Jabłonna Piaski Fajsławice Trawniki km Łopiennik Górny. Centrum Logistyczne Mełgiewska. MLP Lublin RZESZÓW Szydłów Staszów Koprzywnica Łoniów TARNOBRZEG Grąbów STALOWA WOLA Tuczępy Rytwiany Osiek Baranów Sandomierski Łęg Oleśnica Pacanów Połaniec Łubnice Gawłuszowice Borowa Wisłoka Padew Narodowa Tuszów Narodowy Nowa Dęba Majdan Królewski Bojanów Szczucin Wadowice Górne MIELEC Niwiska Cmolas E Kolbuszowa Przyr wa Dzikowiec Raniżów Radgoszcz Dąbrowa Tarnowska Radomyśl Wielki Przecław Głogów Małopolski Lisia Góra TARNÓW Skrzyszów Czarna E0 Pilzno Żyraków Zalew Pilzno Pustków DĘBICA Ostrów A Ropczyce Sędziszów Młp. Iwierzyce Czudec Świlcza RZESZÓW Boguchwała Trzebownisko km Wisłok Tyczyn. Centrum Logistyczne Rogoźnica. Korczowa Logistic Park. Mieleckie Centrum Logistyczne. Panatonni Park Rzeszów. Skalski Logistic Park Podgrodzie Wielopole Skrzyńskie Lubenia Tuchów Jodłowa Brzostek 0 Ryglice

11 AT A GLANCE - INDUSTRIAL & LOGISTICS MARKET REVIEW, POLAND - Q 0 Toruń / Bydgoszcz Panattoni and Goodman are the most active players within Toruń / Bydgoszcz Hub, which remains the second smallest industrial and logistics market in Poland. The trend is likely to continue for the upcoming year. The region struggles with high vacancy at the level of.%, which is also a reason for very competitive rental Pruszczrates. E In the foreseeable Stolno future, no significant change is expected. Sicienko E Kanał Notecki Łabiszyn Noteć 0 Białe Błota Brda TORUŃ / BYDGOSZCZ BYDGOSZCZ S Barcin Dobrcz Osielsko Złotniki Kujawskie Nowa Wieś Wielka Solec Kujawski Dąbrowa Chełmińska Rojewo Kijewo Królewskie Unisław Wielka Nieszawka Mała Nieszawka Gniewkowo 0 TORUŃ / BYDGOSZCZ 0,00 sqm Vacancy rate.% Płużnica.0-.0 per sqm/month * As of September Lisewo 0 Łubianka TORUŃ Papowo Biskupie Chełmża 0 Zławieś Wielka S Łysomice S0 S0 0 Aleksandrów Kujawski A E Lubicz Dolny Kowalewo Pomorskie Obrowo Ciechocinek Drwęca km. Bydgoski Park Technologiczno- Przemysłowy. Logistic and Business Park Bydgoszcz. Diamond Business Park Toruń. Goodman Toruń Logistics Centre. Panattoni Park Bydgoszcz. Panattoni Park Toruń Szczecin Hub Szczecin Hub has been developing slowly, holding the smallest market share of all the industrial and logistics hubs across Poland. Recent activity was limited to completion of the next phase of Zalew North-West Park, which were successfully leased. J. Nowowarpieńskie Szczeciński It should be noted that Szczecin Hub has no space available for immediate lease. Stepnica Randow Roztoka Odrzańska Szczecin,00 sqm,00 sqm E Vacancy rate 0% E Nowogard.0-.0 per sqm/month * As of June 0, 0 Gowienica SZCZECIN 0 Brüssow Randow E Penkun Gartz Odra Wsch. Dobra 0 Kołbaskowo A Odra Zach. POLICE Gryfino Odra J. Dąbie SZCZECIN 0 E S E Małe Dąbie E 0 E S S Płonia Goleniów Ina Kobylanka J. Stare Miedwie Czarnowo S0 Osina Maszewo Stara Dąbrowa STARGARD SZCZECIŃSKI Ina km. North-West Logistic Park. Prologis Park Szczecin

12 AT A GLANCE - INDUSTRIAL & LOGISTICS MARKET REVIEW, POLAND - Q 0 List of selected transactions in Q-Q 0 Tenant Scheme Hub Area leased (sqm) Type of lease Carrefour Distribution Park Będzin Upper Silesia,00 Renegotiation GE BTS Bielsko-Biała Upper Silesia,000 BTS Merlin.pl MLP Pruszków Warsaw II,00 BTS Polo Market Goodman Konin Poznań,00 BTS Procter & Gamble Prologis Park Sochaczew Warsaw II,00 Renegotiation Viva group Prologis Park Teresin Warsaw II,000 Renegotiation Rhenus Contract Logistics CLIP Poznań 0,00 New Geodis Distribution Park Wrocław Wrocław,00 New Hi Logistic Prologis Park Wrocław V Wrocław 0,00 New Wilshire Holding Europolis Park Błonie Warsaw I 0,00 Renegotiation / Expansion K-Flex Łódź Central Poland,000 BTS UPS Panattoni Park Stryków Łódź,000 Renegotiation CEVA Logistics PointPark Poznań Poznań,00 BTS Source: BNP Paribas Real Estate List of selected completions in Q 0 Project Hub Developer Area (sqm) BTS Amazon Wrocław Goodman,00 BTS Amazon Poznań Panattoni 00,0 Prologis Park Wrocław V Wrocław Prologis,000 BTS Home & You Gdańsk Kowale III Tri-City R Logistic 0,00 Panattoni Park Wrocław Wrocław Panattoni 0,000 Prologis Park Wrocław Wrocław Prologis,00 Source: BNP Paribas Real Estate Definitions Industrial and logistics stock (sqm) a term covering the following subtypes of existing space: Light Manufacturing and Warehousing (including Logistics), delivered to the market by professional developers. Take-up (sqm) transactions regarding industrial and logistics space including: pre-lets, built-to-suit, new transactons, renegotiations and sub-lease. Vacancy rate (%) ratio representing the percentage of physically vacant space in existing properties. (in Euro per sqm) Rental rates for a,000 sqm unit ranging from the top to average modern industrial and logistic schemes in a given hub. CONTACTS Anna Staniszewska Director, Research & Consultancy CEE, anna.staniszewska@bnpparibas.com Katarzyna Pyś-Fabiańczyk Head of of Industrial & Logistics Department, katarzyna.pys-fabianczyk@bnpparibas.com Martyna Kajka Junior Consultant, Industrial & Logistics Department, martyna.kajka@bnpparibas.com Erik Drukker Managing Director, Agency & Valuations, erik.drukker@bnpparibas.com John Palmer Director Industrial Investments & Valuations CEE, john.palmer@bnpparibas.com BNP Paribas Real Estate Advisory and Property Management Poland Sp. z o.o. Al. Jana Pawła II, 00- Warsaw Tel Fax + 0 All rights reserved. At a Glance is protected in its entirety by copyright. No part of this publication may be reproduced, translated, transmitted, or stored in a retrieval system in any form or by any means, without the prior permission in writing of BNP Paribas Real Estate.