Ober-Haus Real Estate Annual Market Report 2013 Poland

Warsaw – Warehouse marketNew projectsTo lease space in these or other properties, callOber-Haus on +48 22 11 66 500.Norblin Industrial Park II – warehouses of planned15,000 sqm and 1,500 sqm office space (extension ofexisting 32,100 sqm) located in Bielany district ofWarsaw. Realization is up to the potential tenants(BTS).DemandIn 2012, the vacancy rate stood at 18%. The vacancyrate in Warsaw is 13% and in suburb locations 19%.New investments are generally preceded by pre-letagreements, also built to suit for specific tenants -BTS.RentsIn 2012 effective rents were reduced 14% in Zone I,5% in II, and III remains unchanged. Actual rents:Zone I – EUR 4.00 to 5.00 per sqmZone II – EUR 2.80 to 3.50 per sqmZone III – EUR 2.00 to 2.70 per sqmTransactionsIn 2012 following transactions took place:• Ożarów Business Center – bought by SEGRO– for over EUR 14 million• Hines bought Prologis properties worth EUR96 million8