P3 Group 5% Goodman 5% Logicor 9% MAJOR NATIONAL ROADS HIGHWAYS: EXISTING UNDER CONSTRUCTION PLANNED EXPRESS ROADS:

Transkrypt

1 At a glance INDUSTRIAL & LOGISTICS MARKET REVIEW, POLAND Q 0 MARKET SUMMARY Having achieved over. million sqm of gross letting activity, 0 was a record year for industrial and logistic market in Poland. Renegotiations accounted for approximately 0% of transactions. Continous levels of strong occupier demand also resulted in a large amount of new completions, bringing annual supply to over million sqm, of which % was accounted for by three BTS (built-tosuit) projects delivered for Amazon.com by Panattoni and Goodman in Wrocław () and Poznań regions. At the end of 0 the total stock of modern warehouses in Poland reached. million sqm. Given a substantial boost in take-up, vacancy rate as of December 0 fell by. p.p. to as low as.%, which is the lowest rate of over a decade. BNP Paribas Real Estate expects this trend to temporarily reverse in the mid-term horizon given the large pipeline supply planned for coming months. After recording a slight upward trend in the hotspots of Poznań, Kraków and Tri-City back in the latter part of 0, no significant rent fluctuations were recorded in the last quarter of 0. The investment market for industrial & logistic assets has also been very active, pushing the yields down to.-.% for prime properties. Investments in warehouse assets traded in 0 amounted 0 million, which accounts for % of total capital spent on properties last year. For the first time the industrial & logistic sector overtook retail in terms of volume invested. The landlord market is dominated by ProLogis, with % of the stock, followed by Segro with % market share. In 0, new players entered the industrial & logistic market in Poland through portfolio acquisitions, namely Logicor and Hillwood with Logicor already owning % of stock. Market share of warehouse stock by landlord, end of 0 P Group % Goodman % Panattoni % MLP % Logicor % Hines % Hillwood % Segro % Cromwell (formerly Valad) % Others % Prologis % Source: BNP Paribas Real Estate 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. Szczecin Bydgoszcz Olsztyn Białystok 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 Zielona Góra Gorzów Wlkp. Poznań Wrocław Toruń Opole Łódź Piotrków Tryb. Katowice Kielce Warszawa Lublin Kraków Rzeszów

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 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. No scheme was delivered in Zone or in Zone II in Q 0. In H 0 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 Szyszkowa Łopuszańska AL. KRAKOWSKA Lotnisko Warszawa Okęcie im. Fryderyka Chopina E ŁOMIANKI POŁUDNIOWA OBWODNICA WARSZAWY (S) MARKI KOBYŁKA WOŁOMIN Izabelin C Stare Babice 0 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 Janki Lesznowola 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 Distribution Centre 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. Prologis Park Warsaw Żerań 0. Segro Business Park Warsaw, Żerań. Space Distribution Center. Ursus Logistic Center. Warsaw Distribution Center. Żoliborskie Centrum Biurowo- Magazynowe

3 AT A GLANCE - INDUSTRIAL & LOGISTICS MARKET REVIEW, POLAND - Q 0 WARSAW I WARSAW II,00 sqm,,0 sqm,00 sqm,00 sqm Vacancy rate.%.% per sqm/month.0-.0 per sqm/month * As of December 0 WARSAW II Dzierzążnia Płońsk Joniec Nowe Miasto Świercze Nasielsk Winnica Pokrzywnica Zatory 0 J. Zegrzyńskie Somianka Czerwińsk nad Wisłą Wyszogród Bzura Brochów Młodzieszyn Nowy Kawęczyn 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 WARSZAWA 0 0 Teresin Błonie Wiązowna Pruszków Józefów 0 Raszyn Brwinów Milanówek Baranów Podkowa E0 Leśna OTWOCK Lesznowola Wiskitki A Nadarzyn 0 Konstancin- Jaktorów GRODZISK -Jeziorna MAZOWIECKI Karczew E PIASECZNO E ŻYRARDÓW 0 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 Zielonka Ząbki WOŁOMIN Warka Grabów nad Pilicą km. AB Logistyka. Atlantic. Altmaster Wola Mrokowska. Altmaster Pęcice. Altmaster Piaseczno. Błonie Business Park. Diamond Business Park Raszyn. Distribution Park Grodzisk Mazowiecki. Good Point Puławska I 0. Good Point Puławska II, III. Goodman Warsaw Logistics Centre. Logicor Błonie. Logicor Łazy. Logicor Piaseczno. Logicor Święcice. Logicor Teresin. Metropol Park Błonie. MLP Pruszków I. MLP Pruszków II 0. Ożarów Logistic Center. P Błonie. P Mszczonów. Panattoni Park Błonie. Panattoni Park Garwolin. Panattoni Park Ożarów I, II. Panattoni Park Pruszków. Panattoni Park Pruszków II. Piaseczno Business Park. Point of View Kawęczyn 0. Point of View Piaseczno. Prologis Park Błonie. 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 0. Segro Business Park Warsaw, Ożarów. Segro Logistics Park Warsaw, Nadarzyn. Segro Logistics Park Warsaw, Pruszków. Techniczna Industrial Park. WAN Pruszków

4 AT A GLANCE - INDUSTRIAL & LOGISTICS MARKET REVIEW, POLAND - Q 0 Upper Silesia The Upper Silesian Hub with.% of the market share in terms of total stock continues to hold the second position in terms of stock. In the last quarter the market expanded by,00 sqm with Goodman Sosnowiec Logistics Centre and MLP Bieruń to name a few. A further,00 sqm is currently 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 a 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, which decreased by 0. p.p. over the last quarter, 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,,0 sqm,00 sqm Vacancy rate.% * As of December per sqm/month SILESIA Kolonowskie Pawonków Zawadzkie Ruda J. Rybnickie Mała Panew Lubliniec Kochanowice Koszęcin Boronów Starcza Podczesna Poraj Kamienica Polska J. Porajskie Koziegłowy Żarki Jemielnica Strzelce Opolskie 0 Ujazd Kuźnia Raciborska Nędza Rudziniec Warmątowice Toszek Sośnicowice Krupski Młyn Wielowieś Pyskowice KNURÓW Pilchowice Lyski Jejkowice Gaszowice Rydułtowy Pszów Jankowice Radlin Marklowice WODZISŁAW ŚLĄSKI Gorzyce Bohumín ORLOVÁ 0 E0 A Mszana Godów Á Zebrzydowice Tworóg Zbrosławice Pszczynka Pawłowice Kłodnica Orzesze Suszec J. Goczałkowickie Kalety TARNOWSKIE GÓRY Radzinków Gierałtowice Ormontowice Miasteczko Śl. Ożarowice Świerklaniec Brynica Łaziska G. Wyry Bobrowniki E0 E Kobiór Woźniki Miedźna Bojszowy Mierzącice Psary K sza Prze m Cza rna Brzeszcze Wilamowice Bestwina Soła Przemsza Warta Siewierz Poręba A PIEKARY ŚL. DĄBROWA G. BYTOM Wojkowice ZABRZE CHORZÓW RUDA ŚL. S GLIWICE ŚWIĘTOCHŁOWICE 0 SOSNOWIEC A S 0 0 MYSŁOWICE JAWORZNO JASTRZĘBIE- -ZDRÓJ CZERWIONKA- -LESZCZYNY RYBNIK BIELSKO- -BIAŁA A ŻORY Strumień Chybie KATOWICE TYCHY E PSZCZYNA CZECHOWICE- -DZIECICE A S Imielin A E0 E Chełm Śl. Lędziny Libiąż Chełmek Bieruń Goczałkowice- -Zdrój E S MYSZKÓW OŚWIĘCIM Kęty Przeciszów Osiek Polanka Wielka Wieprz 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. Logicor Czeladź. Logicor Gliwice I. Logicor Gliwice II. Logicor Mysłowice. MLP Bieruń. MLP Tychy. Panattoni Park Bielsko-Biała. Panattoni Park Bielsko-Biała II. Panattoni Park Gliwice II 0. Panattoni Park Sosnowiec. Prologis Park Będzin II. Prologis Park Chorzów. Prologis Park Dąbrowa. Prologis Park Ruda. Prologis Park Ujazd. Segro Business Park Gliwice. Segro Industrial Park Tychy. Segro Logistics Park Gliwice. Silesia Logistic Park 0. Śląskie Centrum Logistyczne. Terminal Logistyczny Promont Tychy

5 AT A GLANCE - INDUSTRIAL & LOGISTICS MARKET REVIEW, POLAND - Q 0 Poznań The Poznań Hub with over,000 under construction remains to be the most active region in terms of development activity. The region overtook Central Poland as the third largest hotspot in terms of overall stock, which exceeded. million sqm at the end of 0. Poznań region expanded for example by Goodman Konin BTS or the next phase of Clip Poznań. Continous high level of new supply is balanced with high demand, which pushed vacancy down to the record low of 0.%, the lowest in Poland. Prime headline rents remained flat at. per sqm/ month. POZNAŃ,0,00 sqm,00 sqm Vacancy rate 0.%.0-. per sqm/month * As of December 0 POZNAŃ Lubasz Połajewo Ryczywół WĄGROWIEC 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 0 Dopiewo E Kościan Rokietnica S Komorniki Stęszew Czempiń Mosina Krzywiń Suchy Las Puszczykowo Brodnica Warta Murowana Goślina Czerwonak POZNAŃ ŚREM Dolsk SWARZĘDZ 0 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 Poznan II Logistics Centre. Goodman Poznań Airport Logistics Centre. Goodman Poznań Logistics Centre. Logicor Poznań I. Logicor Poznań II 0. Logicor Poznań III. Logit. Luvena Logistic Park Poznań. MLP Poznań. MLP Poznań Zachód. Nickel Technology Park Poznań. P Poznań. Panattoni Park Poznań III. Panattoni Park Poznań IV. Prologis Park Poznań I 0. Prologis Park Poznań II. Prologis Park Poznań III. Segro Logistics Park Poznań, Gądki. Segro Logistics Park Poznań, Komorniki

6 AT A GLANCE - INDUSTRIAL & LOGISTICS MARKET REVIEW, POLAND - Q 0 Wrocław The Wrocław Hub has been very active over the last quarters both in terms of supply as well as demand. The region benefits from proximity of A motorway allowing excellent links with Germany and south of Europe. The total industrial & logistic stock amounted. million sqm at the end of 0, boosted by Goodman Wrocław South Logistics Centre and Panattoni Wrocław BTS Amazon. The vacancy rate in Wrocław Hub stood at.%, down by. p.p. since September. Rents have remained flat despite drop in availability. WROCŁAW,,00 sqm,00 sqm Vacancy rate.%.0-.0 per sqm/month * As of December 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 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 Park Wrocław I. Panattoni Park Wrocław II. Panattoni Park Wrocław III. Panattoni Park Wrocław IV 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

7 AT A GLANCE - INDUSTRIAL & LOGISTICS MARKET REVIEW, POLAND - Q 0 Central Poland Being located close to A and A motorway junctions is the key advantage of the Hub, attracting both developers as well as occupiers. Due to no completions, Central Poland Hub lost its third position and currently is the fifth largest hotspot for industrial & logistics stock in Poland having.% market share and over. million sqm. Take-up of space in the Central Poland Hub has increased substantially over the course of last quarters, decreasing vacancy rate from.% in September 0 to.% at end of 0. This is a record fall in availability of industrial & logistic space ever recorded. Rents have moved up by 0. over the last quarter and should remain stable in the short-term. CENTRAL POLAND,,00 sqm,00 sqm Vacancy rate.% * As of December per sqm/month CENTRAL POLAND Łęczyca E Parzęczew Bzura Zelów Góra św. Małgorzaty Ozorków ZGIERZ Aleksandrów Łódzki Lutomiersk Dobroń Kluki Witonia Konstantynów Łódzki S Ner Widawka Grabia Drużbice Piątek Moszczenic a PABIANICE Dłutów E A E0 ŁÓDŹ Grabica BEŁCHATÓW Bzura Stryków 0 Wola Krzysztoporska Rozprza Mroga Bielawy Głowno Czarnocin Moszczenica Domaniewice Dmosin Brzeziny Andrespol A Ksawerów Rzgów Brójce E A Tuszyn E A 0 Wolbórk a Zduny Będków Wolbórz Luciąża ŁOWICZ Rogów Koluszki Rokiciny J. Sulejowskie Pilica Chąśno Łyszkowice Lipce Reymontowskie Słupia Ujazd PIOTRKÓW TRYBUNALSKI Budziszewice Czarna Bzura Nowa Sucha Rawka Nieborów Bolimów SKIERNIEWICE Jeżów TOMASZÓW MAZOWIECKI Sulejów A 0 E0 Maków Lubochnia Mniszków Aleksandrów Godzianów Skierniew ka Głuchów Żelechlinek E S Sławno Paradyż Żarnów Nowy Kawęczyn Rawa Mazowiecka Czerniewice Pilica Rzeczyca Inowłódz Opoczno Białaczów km Rawka. Diamond Business Park Stryków. Goodman Łódź Logistics Centre. Logicor Łódź. Logicor Łódź II. Logicor łódź III. Logicor Stryków. Logis. Logistic City Piotrków Distribution Centre. Łódź Business Park 0. P Piotrków Europolis Park Poland Central. Panattoni Park Business Center Łódź. Panattoni Park Business Center Łódź II. Panattoni Park Łódź East. Prologis Park Piotrków I. Prologis Park Piotrków II. Prologis Park Rawa. Prologis Park Stryków. Segro Business Park Łódź. Segro Logistics Park Łódź 0. Segro Logistics Park Stryków

8 AT A GLANCE - INDUSTRIAL & LOGISTICS MARKET REVIEW, POLAND - Q 0 Tri-City Located 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 total stock of Tri-City Hub reached,000 sqm with a further,00 sqm under construction, which in relation to its current stock, is relatively high. Vacancy rate has shrunk from.% to.0% in Q 0. TRI-CITY,000 sqm,00 sqm Vacancy rate.0%.0-.0 per sqm/month * As of December 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 0 S E Martwa Stegna Sztutowo Somonino 0 Nowa Karczma Przywidz Liniewo Stara Kiszewa Zblewo Kolbudy Radunia Trąbki Wielkie Skarszewy STAROGARD GDAŃSKI PRUSZCZ GDAŃSKI A Suchy Dąb Pszczółki E TCZEW Sulkowy Cedry Wielkie Ostaszewo Lichnowy Miłoradz Nowy Staw MALBORK SZTUM Nowy Dwór Gdański Nogat Stary Targ km. Centrum Logistyczne Gdańsk Kowale I. Centrum Logistyczne Gdańsk Kowale II. Centrum Logistyczne Gdańsk Kowale III. Centrum Magazynowe Hutnicza. Diamond Business Park Gdańsk. Goodman Pomeranian Logistics Centre. Logistic Center Pruszcz Gdański. Panattoni Park Gdańsk. Port Gdynia Logistic Centre 0. 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. Vacancy dropped from.% recorded in Q to.% at the end of Q 0. The planned delivery of,00 sqm over the next months will put Kraków region on the list primary industrial & logistics hubs. KRAKÓW,00 sqm,00 sqm Vacancy rate.% per sqm/month * As of December 0 KRAKÓW Pilica Ogrodzieniec 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 Krzeszowice CHRZANÓW A E0 E Babice Alwernia Brzeźnica Kalwaria Zebrzydowska Stryszów Świnna Mucharz Poręba (bud.) Zembrzyce Budzów Sucha Beskidzka Stryszawa Zawoja S kawa Jerzmanowice Liszki Czernichów Zabierzów Lanckorona Maków Podhalański Bystra S Wielka Wieś Skawina Tokarnia Jordanów 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 Kokotów. Centrum Logistyczne Kraków I. Centrum Logistyczne Kraków II. Centrum Logistyczne Kraków III. Goodman Kraków Airport Logistics Centre. MARR Business Park. MK Logistic. Panattoni Park Kraków. Witek AirPort Logistic Centre. Supply up to 00,000 sqm

10 AT A GLANCE - INDUSTRIAL & LOGISTICS MARKET REVIEW, POLAND - Q 0 Rzeszów / Lublin The Rzeszów-Lublin Hub has been gaining in importance due to the fact that these are the last industrial and logistic spots at the EU border. The majority of the stock, estimated at nearly 0,000 sqm, is built-to-suit. Still the region has the second highest vacancy rate in Poland, which stood at.% at the end of 0. Due to increasing vacancy rate, rents have fallen by 0. over the last quarter and should remain stable in the mid-term horizon. RZESZÓW / LUBLIN,00 sqm 0,00 sqm Vacancy rate.% per sqm/month * As of December 0 LUBLIN S Końskowola Kurów Markuszów Wąwolnica Nałęczów Wojciechów Poniatowa Bełżyce Garbów Jastków LUBLIN Konopnica Niemce Bystrzyca Spiczyn Jakubowice Murowane S Wieprz ŚWIDNIK Mełgiew S Ludwin Puchaczów Łęczna Milejów Cyców Chodelka Chodel Niedrzwica Duża Borzechów Jabłonna Piaski Trawniki Fajsławice km Łopiennik. Centrum Logistyczne Mełgiewska. MLP Lublin RZESZÓW Szydłów Staszów Koprzywnica Łoniów TARNOBRZEG Grąbów STALOWA WOLA Tuczępy Rytwiany Osiek Baranów Sandomierski Łęg Oleśnica Pacanów Połaniec Łubnice Wisłoka Padew Narodowa Gawłuszowice Borowa 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 Pustków Żyraków DĘBICA Zalew Ostrów A Ropczyce Sędziszów Młp. Iwierzyce Czudec Świlcza RZESZÓW Boguchwała Trzebownisko km Wisłok Tyczyn. Centrum Logistyczne Rogoźnica. Korczowa Logistic Park. Omega Pilzno. Panatonni Park Rzeszów. Skalski Logistic Park Podgrodzie 0

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 continues to struggle with high vacancy, which was further inflated to.% at the end of 0. Therefore the hub offers very competitive rental rates. In the foreseeable future, no significant change is expected. TORUŃ / BYDGOSZCZ 0,00 sqm Vacancy rate.%.0-.0 per sqm/month * As of December 0 Sicienko Kanał Notecki Noteć Br TORUŃ / BYDGOSZCZ E BYDGOSZCZ Łabiszyn 0 Białe Błota S S0 S Barcin Dobrcz Osielsko Złotniki Kujawskie Nowa Wieś Wielka Solec Kujawski Dąbrowa Chełmińska Rojewo Unisław Wielka Nieszawka Mała Nieszawka Chełmża 0 Zławieś Wielka Łysomice Gniewkowo 0 Łubianka TORUŃ Papowo Biskupie 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 Toruń Szczecin Hub The 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 North-West Park, which were successfully leased. It should be noted that Szczecin Hub has no space available for immediate lease. SZCZECIN,0 sqm,0 sqm Vacancy rate 0%.0-.0 per sqm/month * As of December 0 SZCZECIN 0 Brüssow Randow E Penkun Gartz h 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 major letting transactions in 0 Tenant Scheme Hub Area leased (sqm) Type of lease Czerwona Torebka Millenium Logistic Park Poznań Zachód Poznań,00 New ID Logistic P Mszczonów Warsaw II,00 New 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 Confidential Logistic City Piotrków Trybunalski Central Poland 0,000 New Procter & Gamble Prologis Park Sochaczew Warsaw II,00 Renegotiation Viva group Prologis Park Teresin Warsaw II,000 Renegotiation Rhenus CLIP Poznań 0,00 New Geodis Distribution Park Wrocław Wrocław,00 New Selected completions in 0 Project Hub Developer Area (sqm) Goodman Wrocław South Logistics Wrocław Goodman,00 BTS Amazon Wrocław Wrocław Panattoni,000 BTS Amazon Poznań Poznań Panattoni,000 Goodman Konin Logistics Centre Poznań Goodman,00 Prologis Park Wrocław V Wrocław Prologis,000 BTS Home & You Gdańsk Kowale III Tri-City R Logistic 0,00 List of major investment transactions in 0 Project Location Purchaser Seller Price ( million) Warehouse portfolio Łódź, Wrocław, Gdańsk PZU FIZ Panattoni 0.0 Warehouse portfolio Poznań, Stryków, Mysłowice Logicor Standard Life. Warehouse portfolio Pruszków, Łódź, Poznań Segro Tristan Capital Partners 00.0 Warehouse portfolio Błonie, Czeladź, Gliwice, Kraków, Łazy Logicor Pramerica / Panattoni 0.0 Warehouse portfolio Błonie, Wrocław Hillwood Standard Life 0.0 Tesco warehouse Gliwice ProLogis Invesco.0 Żerań Park Warsaw ProLogis Heitman.0 Ideal Idea I - III Warsaw CBRE GI BPH TFI.0 Source: BNP Paribas Real Estate 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 Poland Sp. z o.o. Al. Jana Pawła II, 00- Warsaw Tel 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.