Ober-Haus Real Estate Annual Market Report 2013 Poland

Łódź – Warehouse marketIndustrialStable marketSupplySupply of modern warehouse space is concentratedin logistics parks in Łódź, Stryków, PiotrkówTrybunalski, and Rawa Mazowiecka. The new supplyof 9,500 sqm was developed in Łódź (Goodman).In 2012 there was a total of 983,500 sqm, a 1% growthcomparing to 2011. Over 40,000 sqm warehouse spaceis in the pipeline. The most active developers on thismarket are Panattoni, SEGRO, Prologis and Goodman.Panattoni Park Łódź East - located in Widzew –Olechów district directly by the planned junctionof the A1 highway. Offers 157,000 sqm of the highestquality warehouse space. The Park was honored byprestigious prizes such as CEE Quality Award andThe Cepif & International Herald Tribune CEE BestProject Awards.Main Warehouse ParksTo lease space in these or other properties, callOber-Haus on +48 42 637 12 25.Łódź Logistics Centre – logistic park realizedin Pabianice by Lutomska Street by Goodman. Stage Iof 27,000 sqm warehouse space was delivered for sixtenants from the food and industrial productsdistribution sector. Stage II of 9,500 sqm was realizedfor Philips Lighting Automotive.Panattoni Radomsko – new modern logistic parkof 32,000 sqm of build to suit space for ManuliHydraulics Manufacturing, located in Radomskodirectly by the E75 route linking Warsaw and Silesia.Tulipan Park Łódź – investment by SEGRO, located atthe corner of Hetmańska and Rokicińska Street, offers30,000 sqm of warehouse space. Main tenants arePol Fret – French group Clement, JasFBG, Rohlig,Dyrup and Sercom Solution.Tulipan Park Stryków - an investment by SEGRO,located 16 km from central Łódź, nearby the A2 and 3km from the junction with the A1 highway. Totalwarehouse space is 400,000 sqm. Main tenants areKomfort, Azymut, Corning, Investa.ProLogis Park Stryków - warehouse park developedby ProLogis, 14 km from downtown Łódź. Totalwarehouse space is 115,500 sqm.ProLogis Park Piotrków, ProLogis Park Piotrków II -developed by ProLogis. This warehouse park is locatedby the crossing of routes A1 and E-67, the target spaceis 109,000 sqm and 125,000 sqm (II). Main tenants areNOMI, Unilever.• Panattoni Park Łódź EastPanattoni Business Center Łódź – located in southeastpart of Łódź, by the corner of Puszkinaand Dostawczej Streets at the area of Łódzka SpecialEconomic Zone. Total park area equals 18,000 sqm.Panattoni Park Łódź South – located by GranicznaStreet, nearby A1 highway direction Katowice. Centreoffers in total 28,000 sqm of modern warehouse space.DemandThanks to the very good central location of the Łódźwarehouse region, many companies are interestedin leasing space here. The region is most popularamong logistics operators and retail chains.The vacancy rate in the central region in 2012increased slightly to 12.7%.RentsIn 2012 nominal rents were between EUR 2.80 – 4.00.Effective rents for warehouses are lower thanksto supply of many old or renovated warehousebuildings in this region and stay from EUR 2.00 – 3.00per sqm.26