pomerania tri-city real estate...

Pomerania

Tri-City

Real Estate Market

▪ Tri-City Agglomeration: M 1,2 people;

▪ Core Tri-City Area: 414 km;

▪ Transportation: Fast Urban Railway, trams, buses.

Tri-City (Gdansk, Gdynia, Sopot)

WARSAW

TRI-CITY

Gdynia

Sopot

Gdańsk

Baltic Sea

Gdansk Lech Walesa Airport

Port of Gdynia and Port of Gdansk

A1 Motorway, S6 and S7 Expressway

Railway

Gdansk – Warsaw – 3h 35m*

Gdansk – Krakow– 6h 25m*

* A1 Motorway

Gdansk – Warsaw – 2 h 45m*

Gdansk – Krakow– 5h 13 m*

* Pendolino train

Developed road & railway network

GDANSK

WARSAW

Olsztyn

Slupsk

Bialystok

Torun

Poznan

Szczecin

S6

A2

A1

A1

A2A2

S7

S22

S7

5

Main roads

Roads under construction

--- Railway network

Borders of voivodships

Direct Flight Connections to All Major European Airports

▪ Lech Walesa International Airport serves

connections with the most important

European cities;

▪ Among all Polish airports, Gdansk offers

the greatest number of air connections

with the Scandinavian countries.

2,9

mln

▪ 4,6 million passengers in 2017;

▪ Most popular airlanes in 2017: Warsaw, London, Oslo, Stockholm,

Copenhagen, Frankfurt, Munich, Dortmund, Cracow, Turku.

3,3

mln

3,7

mln

4,0

mln

2013

20142015

2016

Number of passengers

2017

4,6

mln

Sea Ports in Gdansk and Gdynia

Source: DCT Gdańsk

Source: Own materials

▪ All kinds of cargo;

▪ Direct calls from China;

▪ Biggest vessels in the world call at Gdansk;

▪ Biggest container hub in the Baltic Sea;

▪ 112 cruise ships in 2017.

Source: Own materials

Mix of architecture

Growing economy

Growing economy

▪ GDP Growth: 4,5% (2016);

▪ Business Services- 41 centres, 10.000 people;

▪ IT – 67 centres, 16.000 software developers;

▪ Logistics – growing hub for CEE;

▪ Shipbuilding – 2 bilion Euro sales annualy;

▪ Tourism.

Office market

Office stock by completion year (m2)

51%

24%

10%

15%

0-5 years

6-10 years

11-15 years

over 16 years

Source: Colliers International 2018, The largest office markets in Poland, Market Insights 2018

Completions

Tri-City 2010-2017

Source: JLL, PORF, Q4 2017

Source: Colliers International 2018, The largest office markets in Poland, Market Insights 2018

73%

22%

5%

Gdańsk Gdynia Sopot

The total stock in TriCityamounts to almost

700 000 m2

TriCity is at the third place among regional markets in Poland

regarding total stock

Source: Colliers International 2018, The largest office markets in Poland, Market Insights 2018

*f forecast

New supply 2010-2017 (m2)

0

20000

40000

60000

80000

100000

2010 2011 2012 2013 2014 2015 2016 2017 2018f

Gross take-up

Tri-City 2010-2017

Source: JLL, PORF, Q4 2017

Source: Colliers International 2018, The largest office markets in Poland, Market Insights 2018

Demand – main sectors

IT & TELECOMS

15%

RETAIL

14%

PROFESSIONALS

SERVICES

16%

FINANCE INSURANCE

21%

Source: Colliers International 2018, The largest office markets in Poland, Market Insights 2018

Demand by deal size (m2)

16%

49%

35%

<1000

1000-5000

5000-10000

Source: Colliers International 2018, The largest office markets in Poland, Market Insights 2018

Rent

City Rent/EUR/m2/month

Warszawa 12-22

Kraków 13,2-15,5

Wrocław 13-15,5

TriCity 12-15,5

Katowice 12,2-14,5

Poznań 13,5-17

Łódź 12-13,5

Lublin 11-13

Szczecin 11-14

Industrial market

Stock evolution

Source: JLL, Q4 2017

Demand (net take-up and renewals)

Source: JLL, Q4 2017

Main business sectors in 2017

60%24%

7%

5%

4%

3PL

Retail

Production

FMCG

E-commerce

Source: Colliers International 2018, Warehouse real estate market, Market Insights 2018

Leasing agreements structure in 2017

59%

39%

2%

new deals renegotiations expansions

Effective rental rates for modern

industrial space in Tricity were in the

range of 2.2-2.9 EUR/m2/month.

Source: Colliers International 2018, Warehouse real estate market, Market Insights 2018

Residential market

New flats with building permits

Source: JLL/ Central Statistical Office of Poland (GUS)

According to GUS nomenclature, flat refers both to units in multifamily houses as well as units in single family houses

Flats, the construction of which has started

Source: JLL/ Central Statistical Office of Poland (GUS)

According to GUS nomenclature, flat refers both to units in multifamily houses as well as units in single family houses

New flats with permission to use

Source: JLL/ Central Statistical Office of Poland (GUS)

According to GUS nomenclature, flat refers both to units in multifamily houses as well as units in single family houses

Sales

Source: JLL/ redNet Property Group/ REAS

Numbers refer to units in multifamily houses solely

Prices on the primary market

Source: JLL/ National Bank of Poland (NBP)

Prices on the secondary market

Source: JLL/ National Bank of Poland (NBP)

Retail market

Retail market distribution at present

Source: JLL, April 2018

Retail format GLA (m2) Share of the sector No. of schemes

Shopping centres 560,000 66% 24

Retail parks 157,300 18% 5

Retail warehousing 134,000 14% 16

Outlet centres 16,700 2% 1

Total 868,000 100% 46

The age of shopping centres

7%

30%

30%

33%

0-5 years

6-10 years

11-15 years

over 15 years

Source: Colliers International, Shopping centers in agglomerations, Q2 2017

Development of retail space within shopping centre format

Source: JLL

Growing tourism

Growing tourism

Source: PROT

Growing number of

tourists in Pomerania

reaching 9 mln

visitors

0

1000000

2000000

3000000

4000000

5000000

6000000

7000000

8000000

9000000

2011 2012 2013 2014 2015 2016 2017

Growing tourism

37%

24%

16%

10%

7%6%

Other Germany Norwegians Swedes British Russians

19% of the tourists

are of foreign origin

Source: Statistical Office in Gdańsk, May 2017

Hotel market

Hotels

Hotels in Pomerania by categories in 2012-2017

Source: Own elaboration based on Local Data Bank [www.bdl.stat.gov.pl]

0

10

20

30

40

50

60

70

80

90

100

2012 2013 2014 2015 2016 2017

5* hotels

4* hotels

3* hotels

Hotels

Bed places in touristic accomodation in Pomerania

Source: Own elaboration based on Local Data Bank [www.bdl.stat.gov.pl]

0

20000

40000

60000

80000

100000

120000

2012 2013 2014 2015 2016 2017

number of bed places

Hotels

The utilization rate of accommodation in all tourist establishments [%]

0

5

10

15

20

25

30

35

40

45

2012 2013 2014 2015 2016 2017

Poland

Pomerania

Source: Own elaboration based on Local Data Bank [www.bdl.stat.gov.pl]

Hotels

The utilization rate of accommodation in hotels in Pomerania [%]

Source: Own elaboration based on Local Data Bank [www.bdl.stat.gov.pl]

0

10

20

30

40

50

60

70

2012 2013 2014 2015 2016 2017

5* hotels

4* hotels

3* hotels

Mikołaj Trunin

Deputy Director

T: +48 58 32 33 242

T: +48 609 860 060

E: mikolaj.trunin@investinpomerania.pl

Anna Rajzer

Project Manager - Logistics

T: +48 58 32 33 180

T: +48 607 555 610

E: anna.rajzer@investinpomerania.pl

Monika Cirocka

PR&Marketing Specialist

T: +48 58 32 33 149

T: +48 500 351 535

E: monika.cirocka@investinpomerania.pl

Anna Huryn

PR&Marketing Specialist

T: +48 58 32 33 248

T: +48 500 351 639

E: anna.huryn@investinpomerania.pl

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