Research Report

OFFICE2017

GUIDE NEW WARSAW OFFICE ZONES

2Source Colliers International based on PORF Q1 2017

Data excluding confidential agreements

Map of zone illustrates concentratioon of offi

ce project existing in the market under construction and planned ones

Research Report | GUIDE - NEW WARSAW OFFICE ZONES | 2017 | Colliers International

EAST

CITY CENTRE1

2

3

4

56

7

CBD

NORTH

WEST

JEROZOLIMSKIE CORRIDOR

ŻWIRKI I WIGURY CORRIDOR

MOKOTOacuteW

URSYNOacuteWWILANOacuteW

PUŁAWSKA CORRIDOR

2 Research Report | GUIDE - NEW WARSAW OFFICE ZONES | 2017 | Colliers International

NEW WARSAW OFFICE ZONESZone Page

CBD ndash CENTRAL BUSINESS DISTRICT 3

CITY CENTRE 1 ndash City Centre North 2 ndash City Centre East 3 ndash City Centre South 4 ndash City Centre West

4567

EAST 8

JEROZOLIMSKIE CORRIDOR

5 ndash Upper6 ndash Lower

9

MOKOTOacuteW 7 ndash Służewiec

10

NORTH 11

PUŁAWSKA CORRIDOR 12

URSYNOacuteW WILANOacuteW 13

WEST 14

ŻWIRKI I WIGURY CORRIDOR 15

The dynamic development of the modern office market has resulted in changes in the structure of adopted in the 2005 zones distribution The Polish Office Research Forum (PORF) has decided to review the existing division The new business map of the city takes into account mainly infrastructural developments what inevitably affects the shifts in the office districtsrsquo boundaries as well as the changes in the perception of many locations

The launch of the second underground line had the significant impact on the process of observed transformations It has designated potential locations for the successive office projects The new office zones bounaries and names reflect the direction of development and represent the future reality of office market in Warsaw

The biggest changes were registered in the central zones The Central Business District was enlarged to the east by Krakowskie Przedmieście and Nowy Świat streets The previous boundaries from Al Jana Pawła II and Solidarności Hoża street were preserved The City Centre zone was expanded to the north by Dworzec Gdański Station area to the west by Karolkowa street and to the south by Plac Unii Lubelskiej Vistula river remained the east border The new City Centre district is divided into four additional subzones Służewiec was set off from Mokotoacutew zone The former South West office district was subdivided into two areas along main arteries - Al Jerozolimskie and Żwirki i Wigury street The zonesrsquo names have also been changed

3Source Colliers International based on PORF Q1 2017

Data excluding confidential agreements

Map of zone illustrates concentratioon of offi

ce project existing in the market under construction and planned ones

Research Report | GUIDE - NEW WARSAW OFFICE ZONES | 2017 | Colliers International

CBD ndash CENTRAL BUSINESS DISTRICT

DEMAND ndash MAIN SECTORS 2014-2017 PROFESSIONAL SERVICES

39IT amp TELECOMS

11FINANCE INSURANCE

21ENERGY INDUSTRIAL

7

SUPPLY (M2)

815600VACANCY RATE ()

1483-YEAR AVERAGE DEMAND (M2)

121100SPACE UNDER CONSTRUCTION (M2)

144500

RENT (EURM2MONTH)

17-23

BUILDINGS UNDER CONSTRUCTION AND PLANNEDBuilding Address Developer GLA (m2)

Varso Chmielna 69-73 HB Reavis 140000J44 Jerozolimskie 44 S+B Gruppe 22000CEDET Krucza 50 Immobel Group 15000

Building Tenant Area (m2) Deal type

Pałac Jabłonowskich BRE Bank mBank 17500 renegotiation

Rondo 1 EY 13500 renegotiation

Q22 Deloitte 10700 new deal

LARGEST TRANSACTIONS 2014-2017

The dynamic development of the zone resulted in the revitalization and demolition of buildings for new office projects Q22 Spektrum PHN Tower Ilmet

Domination of tower projects - bdquothe Cityrdquo of Warsaw

Substantial pipeline of space under construction

Prestigious location for tenants from the financial sector and legal and advisory services

The highest level of rents and service charges in Warsaw

Well developed public transport network underground numerous tram and bus lines railway

MORE INFO ABOUT BUILDINGS gtgt

2Source Colliers International based on PORF Q1 2017

Data excluding confidential agreements

Map of zone illustrates concentratioon of offi

ce project existing in the market under construction and planned ones

Research Report | GUIDE - NEW WARSAW OFFICE ZONES | 2017 | Colliers International

EAST

CITY CENTRE1

2

3

4

56

7

CBD

NORTH

WEST

JEROZOLIMSKIE CORRIDOR

ŻWIRKI I WIGURY CORRIDOR

MOKOTOacuteW

URSYNOacuteWWILANOacuteW

PUŁAWSKA CORRIDOR

2 Research Report | GUIDE - NEW WARSAW OFFICE ZONES | 2017 | Colliers International

NEW WARSAW OFFICE ZONESZone Page

CBD ndash CENTRAL BUSINESS DISTRICT 3

CITY CENTRE 1 ndash City Centre North 2 ndash City Centre East 3 ndash City Centre South 4 ndash City Centre West

4567

EAST 8

JEROZOLIMSKIE CORRIDOR

5 ndash Upper6 ndash Lower

9

MOKOTOacuteW 7 ndash Służewiec

10

NORTH 11

PUŁAWSKA CORRIDOR 12

URSYNOacuteW WILANOacuteW 13

WEST 14

ŻWIRKI I WIGURY CORRIDOR 15

The dynamic development of the modern office market has resulted in changes in the structure of adopted in the 2005 zones distribution The Polish Office Research Forum (PORF) has decided to review the existing division The new business map of the city takes into account mainly infrastructural developments what inevitably affects the shifts in the office districtsrsquo boundaries as well as the changes in the perception of many locations

The launch of the second underground line had the significant impact on the process of observed transformations It has designated potential locations for the successive office projects The new office zones bounaries and names reflect the direction of development and represent the future reality of office market in Warsaw

The biggest changes were registered in the central zones The Central Business District was enlarged to the east by Krakowskie Przedmieście and Nowy Świat streets The previous boundaries from Al Jana Pawła II and Solidarności Hoża street were preserved The City Centre zone was expanded to the north by Dworzec Gdański Station area to the west by Karolkowa street and to the south by Plac Unii Lubelskiej Vistula river remained the east border The new City Centre district is divided into four additional subzones Służewiec was set off from Mokotoacutew zone The former South West office district was subdivided into two areas along main arteries - Al Jerozolimskie and Żwirki i Wigury street The zonesrsquo names have also been changed

3Source Colliers International based on PORF Q1 2017

Data excluding confidential agreements

Map of zone illustrates concentratioon of offi

ce project existing in the market under construction and planned ones

Research Report | GUIDE - NEW WARSAW OFFICE ZONES | 2017 | Colliers International

CBD ndash CENTRAL BUSINESS DISTRICT

DEMAND ndash MAIN SECTORS 2014-2017 PROFESSIONAL SERVICES

39IT amp TELECOMS

11FINANCE INSURANCE

21ENERGY INDUSTRIAL

7

SUPPLY (M2)

815600VACANCY RATE ()

1483-YEAR AVERAGE DEMAND (M2)

121100SPACE UNDER CONSTRUCTION (M2)

144500

RENT (EURM2MONTH)

17-23

BUILDINGS UNDER CONSTRUCTION AND PLANNEDBuilding Address Developer GLA (m2)

Varso Chmielna 69-73 HB Reavis 140000J44 Jerozolimskie 44 S+B Gruppe 22000CEDET Krucza 50 Immobel Group 15000

Building Tenant Area (m2) Deal type

Pałac Jabłonowskich BRE Bank mBank 17500 renegotiation

Rondo 1 EY 13500 renegotiation

Q22 Deloitte 10700 new deal

LARGEST TRANSACTIONS 2014-2017

The dynamic development of the zone resulted in the revitalization and demolition of buildings for new office projects Q22 Spektrum PHN Tower Ilmet

Domination of tower projects - bdquothe Cityrdquo of Warsaw

Substantial pipeline of space under construction

Prestigious location for tenants from the financial sector and legal and advisory services

The highest level of rents and service charges in Warsaw

Well developed public transport network underground numerous tram and bus lines railway

MORE INFO ABOUT BUILDINGS gtgt

3Source Colliers International based on PORF Q1 2017

Data excluding confidential agreements

Map of zone illustrates concentratioon of offi

ce project existing in the market under construction and planned ones

Research Report | GUIDE - NEW WARSAW OFFICE ZONES | 2017 | Colliers International

CBD ndash CENTRAL BUSINESS DISTRICT

DEMAND ndash MAIN SECTORS 2014-2017 PROFESSIONAL SERVICES

39IT amp TELECOMS

11FINANCE INSURANCE

21ENERGY INDUSTRIAL

7

SUPPLY (M2)

815600VACANCY RATE ()

1483-YEAR AVERAGE DEMAND (M2)

121100SPACE UNDER CONSTRUCTION (M2)

144500

RENT (EURM2MONTH)

17-23

BUILDINGS UNDER CONSTRUCTION AND PLANNEDBuilding Address Developer GLA (m2)

Varso Chmielna 69-73 HB Reavis 140000J44 Jerozolimskie 44 S+B Gruppe 22000CEDET Krucza 50 Immobel Group 15000

Building Tenant Area (m2) Deal type

Pałac Jabłonowskich BRE Bank mBank 17500 renegotiation

Rondo 1 EY 13500 renegotiation

Q22 Deloitte 10700 new deal

LARGEST TRANSACTIONS 2014-2017

The dynamic development of the zone resulted in the revitalization and demolition of buildings for new office projects Q22 Spektrum PHN Tower Ilmet

Domination of tower projects - bdquothe Cityrdquo of Warsaw

Substantial pipeline of space under construction

Prestigious location for tenants from the financial sector and legal and advisory services

The highest level of rents and service charges in Warsaw

Well developed public transport network underground numerous tram and bus lines railway

MORE INFO ABOUT BUILDINGS gtgt

4Source Colliers International based on PORF Q1 2017

Data excluding confidential agreements

Map of zone illustrates concentratioon of offi

ce project existing in the market under construction and planned ones

Research Report | GUIDE - NEW WARSAW OFFICE ZONES | 2017 | Colliers International

CITY CENTRE ZONE

DEMAND ndash MAIN SECTORS 2014-2017 FINANCE INSURANCE

29PROFESSIONAL SERVICES

14IT amp TELECOMS

19PUBLIC SECTOR

10

SUPPLY (M2)

151100VACANCY RATE ()

1173-YEAR AVERAGE DEMAND (M2)

30000SPACE UNDER CONSTRUCTION (M2)

3000

RENT (EURM2MONTH)

155-19

BUILDINGS UNDER CONSTRUCTION AND PLANNEDBuidling Address Developer GLA (m2)

Burakowska 14 Burakowska 14 HB Reavis 80000

B4 Office Center OkopowaBurakowska

Green Property Group 28000

Słomińskiego Art Office Słomińskiego 4 White Red

Investments 3000

Building Tenant Area (m2) Deal type

Gdański Business Center II Aviva 12000 new deal

Gdański Business Center I KMD 6200 new deal

Gdański Business Center I ANR 5700 new deal

LARGEST TRANSACTIONS 2014-2017

1 NORTH 2 EAST 3 SOUTH 4 WEST

Intensive residential developments and historical premises of Old Town and New Town

Convenient public transport network - railway underground buses and trams dense network of bicycle paths

The proximity of one of the largest shopping centers in Poland ndash Arkadia (103000 m2)

One of the largest office parks in Warsaw ndash Gdański Business Centre (96000 m2)

Plannned office investments in the proximity of PKP Warszawa Gdańska station and Rondo Radosława

Significant number of relocations of tenants from the financial sector in the last three years

MORE INFO ABOUT BUILDINGS gtgt

5Source Colliers International based on PORF Q1 2017

Data excluding confidential agreements

Map of zone illustrates concentratioon of offi

ce project existing in the market under construction and planned ones

Research Report | GUIDE - NEW WARSAW OFFICE ZONES | 2017 | Colliers International

CITY CENTRE ZONE

DEMAND ndash MAIN SECTORS 2014-2017 PROFESSIONAL SERVICES

35PUBLIC SECTOR

17FINANCE INSURANCE

17MANUFACTURING

11

SUPPLY (M2)

126400VACANCY RATE ()

1613-YEAR AVERAGE DEMAND (M2)

20100SPACE UNDER CONSTRUCTION (M2)

28000

RENT (EURM2MONTH)

155-21

BUILDINGS UNDER CONSTRUCTION AND PLANNEDBuilding Address Developer GLA (m2)

EC Powiśle Elektryczna 2a White Star Real Estate 28000

Building Tenant Area (m2) Deal type

Powiśle Park IQ Investments 11500 owner occupier

Hortus PTE Nationale Nederlanden 7200 renegotiation

EC Powiśle Dentons 5600 pre-let

LARGEST TRANSACTIONS 2014-2017

A large share of parks and green areas access to Vistula Boulevards

Convenient transport network - four bridges the secondunderground line trams busesrailway

Two main corridors through the city - WZ route and Wisłostrada

Luxury residential area - boutique projects offering unique conditions for recreation and leisure

Project of Elektrownia Powiśle revitalization for residential office and service functions

An attractive location for public sector companies

1 NORTH 2 EAST 3 SOUTH 4 WEST

MORE INFO ABOUT BUILDINGS gtgt

6Source Colliers International based on PORF Q1 2017

Data excluding confidential agreements

Map of zone illustrates concentratioon of offi

ce project existing in the market under construction and planned ones

Research Report | GUIDE - NEW WARSAW OFFICE ZONES | 2017 | Colliers International

CITY CENTRE ZONE

DEMAND ndash MAIN SECTORS 2014-2017 PROFESSIONAL SERVICES

35IT amp TELECOMS

15FINANCE INSURANCE

16LIFE SCIENCES

6

SUPPLY (M2)

286100VACANCY RATE ()

1753-YEAR AVERAGE DEMAND (M2)

35500SPACE UNDER CONSTRUCTION (M2)

7800

RENT (EURM2MONTH)

16-23

BUILDINGS UNDER CONSTRUCTION AND PLANNEDBuilding Address Developer GLA (m2)

Polna Corner Polna 40 Ceraco 5700

Building Tenant Area (m2) Deal type

Focus Deutsche Bank 10950 renegotiation

International Business Center PWC 10800 renegotiation

Norway House Clifford Chance 3500 renegotiation

LARGEST TRANSACTIONS 2014-2017

The prestigious character of the zone ndash location of public institutions embassies and ministries

Expanded public transport network ndash underground buses and trams

An extensive commercial offer in Plac Unii City Shopping

The largest office projects ndash Puławska Financial Center Plac Unii

A successful revitalization and expansion of historic Hala Koszyki

Concentration of banks and financial companies

1 NORTH 2 EAST 3 SOUTH 4 WEST

MORE INFO ABOUT BUILDINGS gtgt

7Source Colliers International based on PORF Q1 2017

Data excluding confidential agreements

Map of zone illustrates concentratioon of offi

ce project existing in the market under construction and planned ones

Research Report | GUIDE - NEW WARSAW OFFICE ZONES | 2017 | Colliers International

CITY CENTRE ZONE

DEMAND ndash MAIN SECTORS 2014-2017 FINANCE INSURANCE

29PROFESSIONAL SERVICES

17IT amp TELECOMS

19PUBLIC SECTOR

8

SUPPLY (M2)

597900VACANCY RATE ()

823-YEAR AVERAGE DEMAND (M2)

108900SPACE UNDER CONSTRUCTION (M2)

290000

RENT (EURM2MONTH)

16-23

BUILDINGS UNDER CONSTRUCTION AND PLANNEDBuilding Address Developer GLA (m2)

The Warsaw Hub SiennaTowarowa Ghelamco 75000Mennica Legacy Tower Pereca 21 Golub GetHouse amp

Mennica Polska 63800

Spark B amp C Wolska 6 Skanska 30000

Building Tenant Area (m2) Deal type

Yareal KarolkowaKasprzaka BGŻ BNP Paribas 22000 pre-let

Warsaw Spire A Samsung 21100 pre-let

Prime Corporate Center Raiffeisen Bank 19500 pre-let

LARGEST TRANSACTIONS 2014-2017

The existing and planned supply concentrated in the proximity of Rondo Daszyńskiego

Convenient public transport accessibility ndash the second underground line trams buses trains

Planned service and retail offer Towarowa 22 ArtN

Emerging office district of Warsaw - the largest supply of projects under construction

Almost half of existing buildings larger than 15000 m2 GLA

Popular direction of relocations of tenants moving from Służewiec

1 NORTH 2 EAST 3 SOUTH 4 WEST

MORE INFO ABOUT BUILDINGS gtgt

8Source Colliers International based on PORF Q1 2017

Data excluding confidential agreements

Map of zone illustrates concentratioon of offi

ce project existing in the market under construction and planned ones

Research Report | GUIDE - NEW WARSAW OFFICE ZONES | 2017 | Colliers International

EAST ZONE

DEMAND ndash MAIN SECTORS 2014-2017 PROFESSIONAL SERVICES

32TRANSPORT

13IT amp TELECOMS

20MANUFACTURING

11

SUPPLY (M2)

206600VACANCY RATE ()

1283-YEAR AVERAGE DEMAND (M2)

16800SPACE UNDER CONSTRUCTION (M2)

25400

RENT (EURM2MONTH)

10-14

BUILDINGS UNDER CONSTRUCTION AND PLANNEDBuilding Address Developer GLA (m2)

Centrum Praskie Koneser C H O P Ząbkowska 2731 BBI Development NFI 20000

Nordkapp Annopol 22 ECI Group 8000Praga 306 Grochowska 306 White Star Real Estate 5000

Building Tenant Area (m2) Deal type

PGE Narodowy Business Link 4600 new deal

Nord Point TNT Express 3200 pre-let

Koneser Building J Google Campus 2600 pre-let

LARGEST TRANSACTIONS 2014-2017

New entrepreneurship development centres ndash Google Campus Business Link in PGE Narodowy CK Targowa

Revitalization and activation of post-industrial areas Centrum Praskie Koneser Soho Factory Pollena

An alternative business location ndash great potential for development of office buildings

Well developed transport network in the central part of the zone - the second underground line the railway allowing to reach the city centre in a few minutes

Existing office projects mainly B-class concentrated in theareas of Warszawa Wileńskaand Warszawa Wschodniastations as well as alongOstrobramska street

MORE INFO ABOUT BUILDINGS gtgt

9Source Colliers International based on PORF Q1 2017

Data excluding confidential agreements

Map of zone illustrates concentratioon of offi

ce project existing in the market under construction and planned ones

Research Report | GUIDE - NEW WARSAW OFFICE ZONES | 2017 | Colliers International

JEROZOLIMSKIE CORRIDOR

DEMAND ndash MAIN SECTORS 2014-2017

IT amp TELECOMS

22PROFESSIONAL SERVICES

13PUBLIC SECTOR

16MANUFACTURING

13

SUPPLY (M2)

647600VACANCY RATE ()

1103-YEAR AVERAGE DEMAND (M2)

112100SPACE UNDER CONSTRUCTION (M2)

74600

RENT (EURM2MONTH)

11-15

BUILDINGS UNDER CONSTRUCTION AND PLANNEDBuilding Address Developer GLA (m2)

Equator 4 Jerozolimskie 100 Karimpol 20000West Station II Jerozolimskie 144 HB Reavis 20000

The Park Warsaw B4 Krakowiakoacutew 50 White Star Real Estate 10800

Building Tenant Area (m2) Deal type

West Station I PKP Group 15000 pre-let

West Station II Diebold Nixdorf 9800 pre-let

Cristal Park Gaz-System 9200 expansion + renegotiation

LARGEST TRANSACTIONS 2014-2017

5 UPPER 6 LOWER

Over 23 of office space located along main transport artery ndash Al Jerozolimskie

60 of existing supply operating within office parks ie Eurocentrum KopernikMiasteczko Orange The ParkWest Station

The proximity of Dworzec Zachodni railway station and access to departure routes from Warsaw

Large concentration of retail and service offerndash Blue City Atrium Reduta Makro Decathlon ELeclerc

High parking ratio in buildings

MORE INFO ABOUT BUILDINGS gtgt

10Source Colliers International based on PORF Q1 2017

Data excluding confidential agreements

Map of zone illustrates concentratioon of offi

ce project existing in the market under construction and planned ones

Research Report | GUIDE - NEW WARSAW OFFICE ZONES | 2017 | Colliers International

MOKOTOacuteW ZONE

DEMAND ndash MAIN SECTORS 2014-2017 PROFESSIONAL SERVICES

24FINANCE INSURANCE

14IT amp TELECOMS

20MANUFACTURING

10

SUPPLY (M2)

1338300VACANCY RATE ()

1623-YEAR AVERAGE DEMAND (M2)

184300SPACE UNDER CONSTRUCTION (M2)

75800

RENT (EURM2MONTH)

105-15

BUILDINGS UNDER CONSTRUCTION AND PLANNEDBuilding Address Developer GLA (m2)

D48 Domaniewska 48 Penta Investments 24000

Bobrowiecka 8 Bobrowiecka 8 Spectra Development 22000

Graffit Domaniewska 28 Hines Polska 16600

Building Tenant Area (m2) Deal type

Konstruktorska Business Center PZU 17500 new deal

Marynarska Business Park Netia 13300 renegotiation

Postępu 14 Astra Zeneca 13200 expansion + renegotiation

LARGEST TRANSACTIONS 2014-2017

The largest office zone 80 of buildings located in Służewiec subzone ndash over 1 million m2

The largest and the oldest office park in Warsaw ndash Empark (107000 m2)

One of the lowest effective rent rates ndash attractive incentive packages for tenants

The proximity of airport and fast city railway (SKM)

Modernization of Marynarska street and new public-private partnership initiatives improving traffic in Służewiec ndash rebuilding of Suwak street

High parking ratio in office buildings

7 SŁUŻEWIEC

MORE INFO ABOUT BUILDINGS gtgt

11Source Colliers International based on PORF Q1 2017

Data excluding confidential agreements

Map of zone illustrates concentratioon of offi

ce project existing in the market under construction and planned ones

Research Report | GUIDE - NEW WARSAW OFFICE ZONES | 2017 | Colliers International

NORTH ZONE

DEMAND ndash MAIN SECTORS 2014-2017

HEALTH

20PROFESSIONAL SERVICES

10MEDIA

12FINANCE INSURANCE

8

SUPPLY (M2)

106000VACANCY RATE ()

293-YEAR AVERAGE DEMAND (M2)

14900SPACE UNDER CONSTRUCTION (M2)

13100

RENT (EURM2MONTH)

12-155

BUILDINGS UNDER CONSTRUCTION AND PLANNEDBuilding Address Developer GLA (m2)

Vector+ Prymasa Tysiąclecia 100 City Level 13100

Building Tenant Area (m2) Deal type

Garden Plaza Luxmed Hospital 8500 new deal

Athina Park C DDB 2100 renegotiation

Dzielna 60 DHV Hydroprojekt 1800 new deal

LARGEST TRANSACTIONS 2014-2017

The smallest office zone in the capital city

Six underground stations within zone boudaries the proximity of departure routes from Warsaw

Existing office projects with an established market positionndash Athina Park Akacjowy Park Żoliborz One

Residential villa housing with office functions offering small space modules of 200ndash500 m2

The average office space in existing projects below 5000 m2

Low vacancy rate in office buildings

MORE INFO ABOUT BUILDINGS gtgt

12Source Colliers International based on PORF Q1 2017

Data excluding confidential agreements

Map of zone illustrates concentratioon of offi

ce project existing in the market under construction and planned ones

Research Report | GUIDE - NEW WARSAW OFFICE ZONES | 2017 | Colliers International

PUŁAWSKA CORRIDOR

DEMAND ndash MAIN SECTORS 2014-2017 PUBLIC SECTOR

24PHARMACEUTICAL

17MANUFACTURING

24CONSTRUCTION amp DEVELOPMENT

10

SUPPLY (M2)

197400VACANCY RATE ()

903-YEAR AVERAGE DEMAND (M2)

27600SPACE UNDER CONSTRUCTION (M2)

ndash

RENT (EURM2MONTH)

10-135

Building Tenant Area (m2) Deal type

Poleczki Business Park ARiMR 17500 renegotiation

Poleczki Business Park PORR 7150 pre-let

Platan Park I Mettler Toledo 4500 expansion + renegotiation

LARGEST TRANSACTIONS 2014-2017

Quick access to the Chopin Airport convenient traffic connections to the A2 - South Bypass of Warsaw

70 of office projects located along Puławska street low capacity of zonersquos main artery

High availability of parking spaces for tenants

The dominance of small office projetcs integrated into low-rise multi-family housing

Popular location for pharmaceutical and manufacturing companies

40 of existing supply concentrated within Poleczki Business Park office complex

MORE INFO ABOUT BUILDINGS gtgt

13Source Colliers International based on PORF Q1 2017

Data excluding confidential agreements

Map of zone illustrates concentratioon of offi

ce project existing in the market under construction and planned ones

Research Report | GUIDE - NEW WARSAW OFFICE ZONES | 2017 | Colliers International

URSYNOacuteW WILANOacuteW ZONE

DEMAND ndash MAIN SECTORS 2014-2017 IT amp TELECOMS

24MANUFACTURING

11HEALTH

22RETAIL

10

SUPPLY (M2)

128600VACANCY RATE ()

1263-YEAR AVERAGE DEMAND (M2)

14700SPACE UNDER CONSTRUCTION (M2)

ndash

RENT (EURM2MONTH)

12-14

Building Tenant Area (m2) Deal type

Royal Wilanoacutew Sygnity 5500 pre-let

Royal Wilanoacutew Boehringer Ingelheim 1600 new deal

Royal Wilanoacutew Artis Wellness Club 1500 new deal

LARGEST TRANSACTIONS 2014-2017

The recognized residential location a large share of young inhabitants

Quick underground access from Ursynoacutew to Śroacutedmieście - five stations of the first linewithin zone

23 of existing office supply younger than 10 years

Planned extension of the Warsaw South Bypass and tram line to Wilanoacutew

The largest office projects ndash Royal Wilanoacutew Wilanoacutew Office Park Natpoll

Activation of space around new office buildings in Wilanow

MORE INFO ABOUT BUILDINGS gtgt

14Source Colliers International based on PORF Q1 2017

Data excluding confidential agreements

Map of zone illustrates concentratioon of offi

ce project existing in the market under construction and planned ones

Research Report | GUIDE - NEW WARSAW OFFICE ZONES | 2017 | Colliers International

WEST ZONE

DEMAND ndash MAIN SECTORS 2014-2017 PROFESSIONAL SERVICES

32CONSTRUCTION amp DEVELOPMENT

18IT amp TELECOMS

27MANUFACTURING

13

SUPPLY (M2)

226800VACANCY RATE ()

1403-YEAR AVERAGE DEMAND (M2)

27500SPACE UNDER CONSTRUCTION (M2)

ndash

RENT (EURM2MONTH)

10-14

BUILDINGS UNDER CONSTRUCTION AND PLANNEDBuilding Address Developer GLA (m2)

Wola Retro Skierniewicka 16-20 LC Corp 22800

Building Tenant Area (m2) Deal type

Renaissance Plaza Orange 9800 renegotiation

Skierniewicka 16-20 Budimex 7350 pre-let

Eqlibrium PGNiG Obroacutet Detaliczny 7000 pre-let

LARGEST TRANSACTIONS 2014-2017

A large land bank for future office functions development some built for residential purposesndash Odolany Chrzanoacutew

The successive stations of the second underground line under construction convenient connection to the highway and the S8 route

80 of office space older than 10 years

Planned modernization of PKP railway line from Warszawa Gdańska to Warszawa Zachodnia

Buildings leased entirely for corporate headquarters - 50 of the existing supply in the zone

Increasing interest of tenants from the public and information amp technology sectors

MORE INFO ABOUT BUILDINGS gtgt

15Source Colliers International based on PORF Q1 2017

Data excluding confidential agreements

Map of zone illustrates concentratioon of offi

ce project existing in the market under construction and planned ones

Research Report | GUIDE - NEW WARSAW OFFICE ZONES | 2017 | Colliers International

ŻWIRKI I WIGURY CORRIDOR

DEMAND ndash MAIN SECTORS 2014-2017 PROFESSIONAL SERVICES

17TRANSPORT

13RETAIL

16PHARMACEUTICAL

13

SUPPLY (M2)

291100VACANCY RATE ()

2643-YEAR AVERAGE DEMAND (M2)

22400SPACE UNDER CONSTRUCTION (M2)

ndash

RENT (EURM2MONTH)

11-14

Building Tenant Area (m2) Deal type

Business Garden Ricoh 2800 expansion + renegotiation

Aeropark Zephirus Novo Nordisk Pharma 2100 renegotiation

Business Garden DB Schenker 1900 new deal

LARGEST TRANSACTIONS 2014-2017

The proximity of Chopin Airport the availability of rail transport two fast city railway lines (SKM) Mazowieckie Railways

The concentration of green areas in the office projects

The largest buildings Lipowy Office Park Centrum Okęcie Business Garden Aeropark

High concentration of office parks ndash 68 of existing supply

A significant part of the existing office supply requires modernization - projects older than 15 years

Recognized location for companies providing service for airport business

MORE INFO ABOUT BUILDINGS gtgt

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Are you looking for a new office in Poland Planning to consolidate several offices in one location Or do you want to enter a new city

Visit officemappl to get the information you need or speak to one of our office experts +48 22 331 78 00

wwwofficemapplYOUR NEW OFFICE

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23 billion eurorevenue in 2016

170 million m2

space under management

15 000employees

Copyright copy 2017 Colliers International

The information contained herein has been obtained from sources deemed reliable While every reasonable effort has been made to ensure its accuracy we cannot guarantee it No resposibility is assumed for any inaccuracies Readers are encouraged to consult their profesional advisors prior to acting on any of the material contained in this report

Colliers InternationalColliers International Group Inc (NASDAQ and TSX CIGI) is a global leader in commercial real estate services with 15000 professionals operating in 68 countries With an enterprising culture and significant insider ownership Colliers professionals provide a full range of services to real estate occupiers owners and investors worldwide Services include brokerage global corporate solutions investment sales and capital markets project management and workplace solutions property and asset management consulting valuation and appraisal services and customized research and thought leadership Colliers International has been ranked among the top 100 outsourcing firms by the International Association of Outsourcing Professionalsrsquo Global Outsourcing for 10 consecutive years more than any other real estate services firm

wwwcollierscom

Colliers International has been active in the Polish market since 1997 and operates through offices in Warsaw Krakoacutew Wrocław Poznań Gdańsk Katowice and Łoacutedź with over 250 employees in total The company has been often honored for its achievements by industry organizations such as Eurobuild CIJ Journal CEE Quality Awards and the International Property Awards Colliersrsquo most recent distinction in Poland include the ldquoOutsourcing Starrdquo given in recognition of its status as one of the most active real estate advisors in the outsourcing sector and the ldquoGazele Biznesurdquo for being one of the most dynamically developing companies in Poland

wwwcollierspl

CONTACT

Dominika JedrakDirectorResearch and Consultancy Services+48 666 819 242DominikaJedrakcollierscom

Olga DrelaSenior AnalystResearch and Consultancy Services+48 882 014 561OlgaDrelacollierscom

Aleksandra GawrońskaAnalystResearch and Consultancy Services+48 882 014 553AleksandraGawronskacollierscom

554 offices in 68 countries on 6 continentsUnited States 153 Canada 34 Latin America 24 Asia Pacific 231 EMEA 112

23 billion eurorevenue in 2016

170 million m2

space under management

15 000employees

Copyright copy 2017 Colliers International

The information contained herein has been obtained from sources deemed reliable While every reasonable effort has been made to ensure its accuracy we cannot guarantee it No resposibility is assumed for any inaccuracies Readers are encouraged to consult their profesional advisors prior to acting on any of the material contained in this report

Colliers InternationalColliers International Group Inc (NASDAQ and TSX CIGI) is a global leader in commercial real estate services with 15000 professionals operating in 68 countries With an enterprising culture and significant insider ownership Colliers professionals provide a full range of services to real estate occupiers owners and investors worldwide Services include brokerage global corporate solutions investment sales and capital markets project management and workplace solutions property and asset management consulting valuation and appraisal services and customized research and thought leadership Colliers International has been ranked among the top 100 outsourcing firms by the International Association of Outsourcing Professionalsrsquo Global Outsourcing for 10 consecutive years more than any other real estate services firm

wwwcollierscom

Colliers International has been active in the Polish market since 1997 and operates through offices in Warsaw Krakoacutew Wrocław Poznań Gdańsk Katowice and Łoacutedź with over 250 employees in total The company has been often honored for its achievements by industry organizations such as Eurobuild CIJ Journal CEE Quality Awards and the International Property Awards Colliersrsquo most recent distinction in Poland include the ldquoOutsourcing Starrdquo given in recognition of its status as one of the most active real estate advisors in the outsourcing sector and the ldquoGazele Biznesurdquo for being one of the most dynamically developing companies in Poland

wwwcollierspl

CONTACT

Dominika JedrakDirectorResearch and Consultancy Services+48 666 819 242DominikaJedrakcollierscom

Olga DrelaSenior AnalystResearch and Consultancy Services+48 882 014 561OlgaDrelacollierscom

Aleksandra GawrońskaAnalystResearch and Consultancy Services+48 882 014 553AleksandraGawronskacollierscom