Market
Warsaw
Presentation
real estate
February 2010
market
Warsaw
- basic data



2
About Warsaw

    Capital of Poland, business center
    The largest city of Poland:
        1,7 mln inhabitants (metropol...
Warsaw commercial real estate market in figures
(4Q 2009)

    3 248 000 m²
    of office space


    1 600 000 m²
    of ...
Warsaw
office
market

5
Warsaw Office Market




                   Warsaw stock in 2009

          3 248 197 m²                                  ...
Key Office Projects in Warsaw




Wolf Marszałkowska, Warsaw        Business Garden, Warsaw                            Mar...
Warsaw
retail
market
8
Warsaw Retail Market



                          Shopping centres in Warsaw (in m²)
                                     ...
Key Retail Projects in Poland




     Galeria Katowicka, Katowice     IKEA Port Łódź, Łódź                              Z...
Warsaw industrial market
 11
Warsaw Industrial Market

                                                                              Warsaw stock in 20...
Key Industrial Projects in Poland




     ProLogis Park Błonie II, Błonie                                                ...
Hotels



14
Warsaw Hospitality Market

                                  Key development factors:
                                    ...
Key Hospitality Projects in Poland




     Mikołajki Project Hotel, Mikołajki             Łeba Hotel, Łeba              S...
Investment



17
Investment Market

                                                     Office investment deals 2005 - 2009               ...
Conclusion



19
Warsaw real estate market forecasts


                      supply   demand      rents      vacancy


 office market


 CB...
Thank you!
21
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Обзор рынка коммерческой недвижимости Варшавы 2009

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Обзор рынка коммерческой недвижимости Варшавы от Cushman&Wakefield, презентованный на бизнес-форуме «Недвижимость. Инвестиции & Девелопмент. Европейский опыт и белорусская реальность», организованном компанией "Твоя столица" в Минске.

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Обзор рынка коммерческой недвижимости Варшавы 2009

  1. 1. Market Warsaw Presentation real estate February 2010 market
  2. 2. Warsaw - basic data 2
  3. 3. About Warsaw Capital of Poland, business center The largest city of Poland: 1,7 mln inhabitants (metropolitan area: 2,8 mln) city area: 516.9 km² (metropolitan area: 6,100 km²) Warsaw Central Business 3 District
  4. 4. Warsaw commercial real estate market in figures (4Q 2009) 3 248 000 m² of office space 1 600 000 m² of retail space 2 483 000 m² of industrial space 20 680 accommodation places in 10 650 hotel rooms 4
  5. 5. Warsaw office market 5
  6. 6. Warsaw Office Market Warsaw stock in 2009 3 248 197 m² Rents and Vacancy Rates in CBD and NCL in Warsaw € 35,00 21% € 30,00 18% Stock in Warsaw (in m²) € 25,00 15% 4000000 3404197 3 248 197 € 20,00 12% 2 978 904 2 707 819 3000000 2 376 769 2 557 136 € 15,00 9% 2000000 € 10,00 6% 1000000 € 5,00 3% 0 € 0,00 0% 2005 2006 2007 2008 2009 2010* 2005 2006 2007 2008 2009 2010* forecast forecast Prime rents CBD Prime rents NCL Vacancy rate CBD Vacancy rate NCL 6
  7. 7. Key Office Projects in Warsaw Wolf Marszałkowska, Warsaw Business Garden, Warsaw Marynarska Business Park, Warsaw Developer: Wolf Immobilien Developer: Inter IKEA Group – SwedeCenter Client: Aberdeen Total space: 14,400 m² Total space: 90,000 m² Total area: 86,600 m² Platinium Business Park, Warsaw Metropolitan, Warsaw Wilanów Office Park, Warsaw Developer: GTC Client: Aberdeen Investor / Developer: Polnord Warszawa Total space: 45,000 m² Total space: 69,300 m² Total space: 169,000 m² 7
  8. 8. Warsaw retail market 8
  9. 9. Warsaw Retail Market Shopping centres in Warsaw (in m²) 73500 80000 60000 52 650 Warsaw stock in 2009 33 000 1 600 000 m² 40000 17000 7000 12 000 20000 0 2005 2006 2007 2008 2009 2010* forecast Prime rents in shopping centres in Warsaw (EUR/m²/month) 90 83 81 80 75 75 70 65 60 50 4Q 2007 2Q 2008 4Q 2008 2Q 2009 4Q 2009 9
  10. 10. Key Retail Projects in Poland Galeria Katowicka, Katowice IKEA Port Łódź, Łódź Złote Tarasy, Warsaw Developer: Neinver/PKP Developer: Inter IKEA Centre Polska Developer: ING Real Estate GLA: 52,000 m² GLA: 100,000 m² GLA: 63,500 m² Galeria Malta, Poznań Galeria Słoneczna, Radom Wola Park, Warsaw Developer: Neinver Developer : AIG / Lincoln Developer: Wola Park GLA: 53,000 m² GLA: 40,000 m² GLA: 72,846 m² 10
  11. 11. Warsaw industrial market 11
  12. 12. Warsaw Industrial Market Warsaw stock in 2009 2 483 000 m² Supply and demand in Warsaw (in m²) 500 000 450 000 400 000 350 000 300 000 250 000 200 000 150 000 100 000 50 000 0 2005 2006 2007 2008 2009 2010* forecast Annual supply - Warsaw city Annual supply - Warsaw region Annual demand - Warsaw region Annual demand - Warsaw city 12
  13. 13. Key Industrial Projects in Poland ProLogis Park Błonie II, Błonie ProLogis Park Sochaczew, Sochaczew Europolis Park Poland Center, Developer: ProLogis Developer: ProLogis Piotrków Trybunalski Tenant: Antalis Tenant: Procter & Gamble, DHL Developer: Europolis Tenant: FM Logistic Size: 52,000 m² Size: 100,390 m² Size: 35,000 m² ProLogis Park Wrocław IV, Wrocław Panattoni Park Wrocław, Wrocław Panattoni Poznań, Poznań Developer: ProLogis Developer: Panattoni Developer: Panattoni Tenant: NG2 Tenant: Hemmersbach Tenant: Hennes&Mauritz, Hellmann, Piotr i Paweł Size: 10,800 m² Size: 8,000 m² Size: 127,000 m² 13
  14. 14. Hotels 14
  15. 15. Warsaw Hospitality Market Key development factors: organisation of the European Football Championships in 2012 – expected increase of tourists over 2 to 4 years period after championships business concentration – demand generated mainly by corporate clients potential niche in the economy class hotel sector potential in the construction of hotels near airports and railway stations 20 680 accommodation places 30000 Hospitality market in Warsaw 90 10 650 hotel rooms number of rooms and accommodation places 80 25000 70 20000 60 Number of hotels in Warsaw in 2009 number of hotels 50 25 22 15000 40 20 16 10000 30 15 9 10 20 10 6 5000 10 5 0 0 0 2005 2006 2007 2008 2009 2010* 2011* 2012* 1-star 2-stars 3-stars 4-stars 5-stars forecast forecast forecast numebr of accommodation places number of rooms number of hotels 15
  16. 16. Key Hospitality Projects in Poland Mikołajki Project Hotel, Mikołajki Łeba Hotel, Łeba Sheraton, Poznań 5 stars, 152 rooms, 3 stars, 73 rooms, 5 stars, 181 rooms, 304 accommodation places 186 accommodation places 360 accommodation places Wioślarska Hotel Project, Warsaw Mercure Jelenia Góra, Jelenia Góra Hilton Garden Inn Project, Kraków 4 stars, 100 rooms, 3 stars, 188 rooms, 4 stars, 154 rooms, 200 accommodation places 364 accommodation places 300 accomodation places 16
  17. 17. Investment 17
  18. 18. Investment Market Office investment deals 2005 - 2009 Cushman & Wakefield key transactions in Poland 7 2500 6 Transactions annually (mln EUR) 2000 Total cumulative (bn EUR 5 1500 4 3 1000 2 500 1 0 0 2005 2006 2007 2008 2009 Total cumulative Warsaw CBD 115,00 Warsaw NCL Other cities Real estate property portfolio of Simon Ivanhoe – selling 5 Prime yield 2005 - 2009 shopping centres 11,00% 10,00% 9,00% 8,00% 7,00% 6,00% 5,00% 4,00% 2005 2006 2007 2008 2009 industrial retail office CBD office NCL Real estate property portfolio of Casino Group – selling 339.686 m² of space 18
  19. 19. Conclusion 19
  20. 20. Warsaw real estate market forecasts supply demand rents vacancy office market CBD NCL retail market industrial market hospitality market price level 20
  21. 21. Thank you! 21

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