Prospects for business services

NORTHERN POLAND Prospects for business services HUMAN CAPITAL REAL ESTATE

Table of Contents Introduction Tricity Szczecin Bydgoszcz-Toruń Białystok Olsztyn Experts view Green Certification 2

Introduction The second part of the report The Potential of Business Services Development focuses on five locations in the north of Poland: Tricity, Szczecin, the Bydgoszcz- Toruń agglomeration, Białystok and Olsztyn. This study presents various aspects of the office real estate market as well as the human resources potential of each city/region. In terms of existing and planned supply, the largest and fastest growing office market in this part of the country is the Tricity agglomeration. The office space available in Gdansk, Gdynia and Sopot accounts for 43, m 2 and by the end of 215 it will increase by 6, m 2. The second largest market Szczecin offers 111, m 2, over 6% of which has been delivered in the past three years. Bydgoszcz, Toruń, Olsztyn and Białystok are smaller scale markets (4-5, m 2 ), offering mainly B/B+ office space. Due to the slow growth in supply, these cities have a limited availability of vacant space, which is mostly divided into small and medium-sized units. However, it should be mentioned that these markets are becoming increasingly important on the Polish office map, particularly in the business services sector. The increase in interest among tenants is reflected in developers investment plans. Currently, there are 9, m 2 in the development pipeline in these four markets. Over two thirds of this space will be delivered in Bydgoszcz. SZCZECIN TRICITY BYDGOSZCZ TORUŃ OLSZTYN BIAŁYSTOK

Tricity Tricity is the largest office market in the north of Poland. Nearly 7% of the existing supply is located in Gdańsk, which remains the main business centre of the agglomeration. In H1 215, as much as 3, m 2 of office space was delivered to the market. By the end of 215, the office stock will grow by 6, m 2. In H2 215, the vacancy rate for the entire agglomeration will trend upward. This concerns in particular the Gdańsk market, which will record the highest growth in new stock. Due to a wide variety of rental options and growing competition among developers, companies will be able to negotiate favourable financial conditions (for both new agreements and renegotiations of existing contracts). BASE RENTS FOR OFFICE SPACE IN EXISTING SCHEMES (m 2 /month) Class A Class B 1-12.5 13-15 9 1 11 12 13 14 15 16 CLICK to find out more about modern office properties officemap.pl OFFICE MARKET KEY INDICATORS 428,5 m 2 EXISTING SUPPLY H1 215 46,7 m 2 NEW SUPPLY 214 31,7 m 2 NEW SUPPLY H1 215 GDAŃSK UNEMPLOYMENT RATE TRICITY POMORSKIE VOIVODESHIP 5.9% 5.8% 11.8% 98, m 2 SPACE UNDER CONSTRUCTION 1.6% VACANCY RATE 27,64 3 25,393 21,779 25 2 15 1,214 1 OF UNIVERSITIES OF STUDENTS OF GRADUATES STUDENTS BY SCHOOL TYPE (TRICITY) ENGLISH GERMAN 5,162 3,245 1,758 5 GDAŃSK 13x 2x 27x 78,525 95,191 11,914 21,184 21,561 28,64 uniwersytety UNIVERSITIES uniwersytety TECHNICAL techniczne UNIVERSITIES techniczne AGRICULTURAL rolnicze rolnicze ekonomiczne OF ekonomiczne ECONOMICS HIGHER TEACHER pedagogiczne EDUCATION pedagogiczne SCHOOLS MEDICAL medyczne UNIVERSITIES medyczne PHYSICAL AWF AWF FINE ARTS artystyczne artystyczne THEOLOGICAL teologiczne teologiczne OTHER 55 845 1,271 2, KNOWLEDGE OF FOREIGN LANGUAGES among students in Tricity** RUSSIAN TRICITY 5,575 POMORSKIE VOIVODESHIP GRADUATES BY SCHOOL TYPE (TRICITY) 7,387 8,3 2 4 6 8 1 FRENCH SPANISH ITALIAN SELECTED TENANTS IN BPO/ SECTOR OFFICE SPACE (m 2 ) UNIVERSITY RANKING* 91% 42% 9% 9% 8% 3% TENANT Amazon Arla Foods Bayer Compuware Kemira Lufthansa Systems MOL Sii Thyssen Krupp Your CCC FUNCTION R&D Contact Centre 7, 6, 5, 4, 3, 2, 1, Tricity VACANT SPACE EXISTING SUPPLY SPACE UNDER CONSTRUCTION PLANNED SPACE 7, 6, Gdański Uniwersytet Medyczny (11. position in Poland) Uniwersytet Gdański (15. position in Poland) Politechnika Gdańska (24. position in Poland) Akademia Marynarki Wojennej im. Bohaterów Westerplatte in Gdynia (71-8. ex aequo in Poland) Akademia Morska in Gdynia (71-8. ex aequo in Poland) Akademia Wychowania Fizycznego i Sportu im. Jędrzeja Śniadeckiego in Gdańsk (8.+ position in Poland) MANAGER REMUNERATION IN BPO/ SECTOR (PLN) TEAM LEADER SENIOR Source: Central Statistical Office, 213/215 * Source: Perspektywy University Ranking 214 (http://serwisy.gazetaprawna.pl/edukacja/artykuly/797998,ranking-akademickich-szkol-wyzszych-214.html) **Source: Study of Human Capital 21 JUNIOR F&A 1-15 75-9 55-6 4 3 HR 8-9 7 5 35 28 IT 12-14 8-12 75-1 5-75 5-6 CS 65-8 48-65 42-6 32-4 25-3 CS in English (B2/C1) 1 75 55 45 35 Source: Adecco 215, (F&A -Finance and Accounting, HR - Human Resources, IT - Information Technology, CS -Customer Service)

Szczecin In the past three years, Szczecin has registered a record increase in office resources. From 212 to H1 215, developers completed projects with a total area of 68, m 2, which constitutes over 6% of the existing supply. Currently, 2, m 2 is under construction, of which 7,5 m 2 will be completed this year. With the delivery of new office space, Szczecin has become an interesting alternative to the major regional markets and the city has recorded an increase in tenant activity. Since the beginning of 214, the vacancy rate has showed a downward trend. Currently, around 17% of existing supply remains vacant, which translates into 19, m 2 of space. We expect that in H2 215, the vacancy rate will remain at similar level. SELECTED TENANTS IN BPO/ SECTOR TENANT Tieto Polska Genpact Dansk Supermarked BL Stream Arvato Polska Convergys Coloplast DGS Polska UPC FUNCTION BPO BPO BPO Contact Centre Call Centre 18, 16, 14, 12, 1, 8, 6, 4, 2, OFFICE SPACE (m 2 ) Szczecin Class A Class B VACANT SPACE EXISTING SUPPLY SPACE UNDER CONSTRUCTION PLANNED SPACE OFFICE MARKET KEY INDICATORS 11,9 m 2 EXISTING SUPPLY H1 215 8,4 m 2 NEW SUPPLY 214 9,7 m 2 NEW SUPPLY Q1 215 BASE RENTS FOR OFFICE SPACE IN EXISTING SCHEMES (m 2 /month) Class A Class B CLICK to find out more about modern office properties officemap.pl 7-11 19,5 m 2 SPACE UNDER CONSTRUCTION 17% VACANCY RATE 11-14 7 8 9 1 11 12 13 14 15 MANAGER UNEMPLOYMENT RATE SZCZECIN ZACHODNIOPOMORSKIE VOIVODESHIP 9.3% 16.3% 25 2,838 17,152 2 SENIOR 11.5-13 15 7 8 9 1 11 12 13 STUDENTS BY SCHOOL TYPE (VOIVODESHIP) 11,383 1 REMUNERATION IN BPO/ SECTOR (PLN) TEAM LEADER 4,453 3,345 5 145 499 UNIVERSITY RANKING* Zachodniopomorski Uniwersytet Technologiczny in Szczecin (38. position in Poland) Uniwersytet Szczeciński (51.-6. ex aequo in Poland) Politechnika Koszalińska (61.-7. ex aequo in Poland) Akademia Morska in Szczecin (8.+ position in Poland) OF UNIVERSITIES OF STUDENTS OF GRADUATES JUNIOR F&A 7-12 5-7 4-5 3-4 25-3 HR 7-12 5-7 4-5 3 25 IT 12-15 8-12 65-1 5-75 4-5 CS8-1 5 35-38 3-35 25-3 21-25 CS in English (B2/C1) 5-6 45-55 4-45 35-4 25-3 uniwersytety uniwersytety UNIVERSITIES TECHNICAL techniczne techniczne UNIVERSITIES AGRICULTURAL rolnicze rolnicze ekonomiczne ekonomiczne OF ECONOMICS HIGHER TEACHER pedagogiczne EDUCATION pedagogiczne SCHOOLS MEDICAL medyczne UNIVERSITIES medyczne PHYSICAL AWF AWF FINE ARTS artystyczne artystyczne THEOLOGICAL teologiczne teologiczne OTHER Source: Adecco 215, (F&A -Finance and Accounting, HR - Human Resources, IT - Information Technology, CS -Customer Service) SZCZECIN 13x 18x 45,141 57,815 11,761 15,594 85 154 831 1,82 ZACHODNIOPOMORSKIE VOIVODESHIP GRADUATES BY SCHOOL TYPE (VOIVODESHIP) 3,43 5,53 4,959 1 2 3 4 5 6 KNOWLEDGE OF FOREIGN LANGUAGES among students in Zachodniopomorskie Voivodeship** ENGLISH 95% GERMAN 73% Source: Central Statistical Office, 213/215 * Source: Perspektywy University Ranking 214 (http://serwisy.gazetaprawna.pl/edukacja/artykuly/797998,ranking-akademickich-szkol-wyzszych-214.html) **Source: Sektor BPO Odkryj na dobre Szczecin 213 r.

Bydgoszcz i Toruń BYDGOSZCZ UNEMPLOYMENT RATE TORUŃ KUJAWSKO-POMORSKIE VOIVODESHIP 7.6% 8.8% 16.3% OF UNIVERSITIES OF STUDENTS OF GRADUATES BYDGOSZCZ TORUŃ KUJAWSKO-POMORSKIE VOIVODESHIP 15x 22x 64,225 69,486 19,715 25,586 The total supply of office space in the Bydgoszcz- Toruń agglomeration is estimated at 95,7 m 2. Bydgoszcz office resources amounted to 52,6 m 2, while in Toruń the figure, stands at 43,1 m 2. Both cities, due to the relatively small scale of the office markets, offer a limited amount of vacant space. The widest offer is aimed at tenants looking for small and medium-sized units. Bydgoszcz is the definite leader in terms of investment plans as projects under development total nearly 6, m 2. These include Arkada Business Park (two buildings of 11,2 m 2 each), the second building within the Scanpark Business Center complex (8,-14, m 2, depending on tenants requirements), F262 (1, m 2 ), Immobile K3 (5,8 m 2 ) and Business Park Teta (4, m 2 ). SELECTED TENANTS IN BPO/ SECTOR TENANT Alcatel-Lucent Asseco Atos IT Services Eniro Polska Genesys Mobica OpusCapita Telbridge Telmon ZETO FUNCTION R&D BPO BPO Contact Centre Contact Centre OFFICE SPACE (m 2 ) VACANT SPACE EXISTING SUPPLY SPACE UNDER CONSTRUCTION PLANNED SPACE OFFICE MARKET KEY INDICATORS BYDGOSZCZ 7, 6, 52,6 m 2 EXISTING SUPPLY H1 215 13,3 m 2 SPACE UNDER CONSTRUCTION 1.1% VACANCY RATE BASE RENTS FOR OFFICE SPACE IN EXISTING AND PLANNED SCHEMES (m 2 /month) Class A Class B 8-1 43,1 m 2 EXISTING SUPPLY H1 215 4,4 m 2 SPACE UNDER CONSTRUCTION 18.4% VACANCY RATE 11.5-13 7 8 9 1 11 12 13 MANAGER BYDGOSZCZ TORUŃ 5 38,822 4 3 REMUNERATION IN BPO/ SECTOR (PLN) MANAGER TORUŃ TEAM LEADER SENIOR 2 13,78 8,716 1 2,657 47 545 UNIVERSITY RANKING* Uniwersytet Mikołaja Kopernika in Toruń (9. position in Poland) Uniwersytet Kazimierza Wielkiego in Bydgoszcz (61.-7. ex aequo in Poland) Uniwersytet Technologiczno- Przyrodniczy im. Jana i Jędrzeja Śniadeckich in Bydgoszcz (61.-7. ex aequo in Poland) uniwersytety UNIVERSITIES uniwersytety TECHNICAL techniczne techniczne UNIVERSITIES AGRICULTURAL rolnicze rolnicze ekonomiczne ekonomiczne OF ECONOMICS HIGHER pedagogiczne pedagogiczne TEACHER EDUCATION SCHOOLS MEDICAL medyczne medyczne UNIVERSITIES PHYSICAL AWF AWF FINE artystyczne artystyczne ARTS THEOLOGICAL teologiczne teologiczne Source: Central Statistical Office, 213/215 * Source: Perspektywy University Ranking 214 (http://serwisy.gazetaprawna.pl/edukacja/artykuly/797998,ranking-akademickich-szkol-wyzszych-214.html) **Source: Study of Human Capital 21 STUDENTS BY SCHOOL TYPE (VOIVODESHIP) JUNIOR F&A 8-15 7-1 5-7 5-6 35-5 3-35 HR 5-1 5-8 45-55 35-45 25-35 2-25 IT 8-12 8-12 6-8 55-65 4-55 3-4 CS 45-65 45-65 4-5 3-45 25-35 2-27 CS in English (B2/C1) 5-7 5-7 45-65 4-55 35-5 25-4 Source: Adecco 215, (F&A -Finance and Accounting, HR - Human Resources, IT - Information Technology, CS -Customer Service) OTHER GRADUATES BY SCHOOL TYPE (VOIVODESHIP) 18 17 781 2,38 KNOWLEDGE OF FOREIGN LANGUAGES among students in Bydgoszcz and Toruń** ENGLISH 8% RUSSIAN 1% SPANISH 3% 4,962 GERMAN 4% FRENCH 6% ITALIAN 2% 11,584 2 4 6 8 1 12 14

Białystok Białystok offers nearly 4, m 2 of office space that meets B/B+ class standards. Existing office buildings are located mostly in the central part of the city, near the main communication routes such as Legionowa, Branickiego, Lipowa and Sienkiewicza streets. The market is dominated by office buildings below 4, m 2 GLA built by local developers. Due to the small scale of the existing schemes, the majority of available offices are small and medium-size units. In response to the needs of local tenants, in addition to leasing, developers also offer sale of individual office units. Although the vacancy rate in Białystok is at a level of 13%, the amount of vacant space is only 5,1 m 2. The size of available units varies from 5 to 2 m 2. The average rents ranged from 8.5 to 1.5/m 2 / month; in case of certain units rental rates may exceed 12/m 2 /month. OFFICE MARKET KEY INDICATORS 39,3m 2 EXISTING SUPPLY H1 215 4, m 2 NEW SUPPLY 214 9,1m 2 SPACE UNDER CONSTRUCTION 13% VACANCY RATE BIAŁYSTOK 12.4% UNEMPLOYMENT RATE 12,955 12,269 14 12 PODLASKIE VOIVODESHIP STUDENTS BY SCHOOL TYPE (VOIVODESHIP) 1 13,7% 7,18 8 4,453 6 4 2,241 1,428 1,119 2 OF UNIVERSITIES OF STUDENTS OF GRADUATES 294 118 uniwersytety UNIVERSITIES uniwersytety TECHNICAL techniczne UNIVERSITIES techniczne AGRICULTURAL rolnicze rolnicze ekonomiczne OF ekonomiczne ECONOMICS HIGHER TEACHER EDUCATION pedagogiczne pedagogiczne SCHOOLS MEDICAL medyczne UNIVERSITIES medyczne PHYSICAL AWF AWF FINE artystyczne artystyczne ARTS THEOLOGICAL teologiczne teologiczne OTHER BIAŁYSTOK UNIVERSITY RANKING* 11x 18x 35,521 42,57 11,845 13,971 GRADUATES BY SCHOOL TYPE (VOIVODESHIP) 8 85 432 574 1,175 1,132 PODLASKIE VOIVODESHIP 2,957 3,22 4,388 1 2 3 4 5 SELECTED TENANTS IN BPO/ SECTOR TENANT Qburst Transition Technologies SMT Technologies FUNCTION BPO 7, 6, 5, 4, 3, 2, 1, OFFICE SPACE (m 2 ) VACANT SPACE EXISTING SUPPLY PLANNED SPACE 7, 7, 6, 7, 6, 6, 5, BASE RENTS FOR OFFICE SPACE IN EXISTING SCHEMES (m 2 /month) Class B/B+ 8.5-1.5 7 8 9 1 11 12 MANAGER Uniwersytet Medyczny in Białystok (19. position in Poland) Politechnika Białostocka (51.-6. ex aequo in Poland) REMUNERATION IN BPO/ SECTOR (PLN) TEAM LEADER SENIOR JUNIOR F&A 7-1 4-6 35-5 3-4 25-3 HR 5-7 45-55 35-45 25-35 2-25 IT 7-9 5-7 45-6 4-55 3-4 CS 45-65 4-5 3-45 25-35 2-27 CS in English (B2/C1) 5-65 4-6 4-5 35-4 25-3 Source: Adecco 215, (F&A -Finance and Accounting, HR - Human Resources, IT - Information Technology, CS -Customer Service) 5, Source: Central Statistical Office, 213/215 * Source: Perspektywy University Ranking 214 (http://serwisy.gazetaprawna.pl/edukacja/artykuly/797998,ranking-akademickich-szkol-wyzszych-214.html)

Olsztyn The supply of modern office space in Olsztyn totals 4,4 m 2. Most of the existing supply consists of B/B+ class properties, while A-class buildings make up only a small part. More than half of the existing supply is aggregated in two investments Cezal Business Center (13, m 2 ) and Europa Center (8, m 2 ). In 214, Olsztyn recorded a relatively high growth in supply with 13,4 m 2 being delivered to the market. The largest buildings completed during the period were Business Centre (4,1 m 2 ) and Copernicus Park (2,5 m 2 ). The rapid growth in supply produced an increase in the vacancy rate. Currently, 12, m 2 remains vacant, of which three quarters is available in properties completed last year. Similar to other smaller markets, property owners offer both the lease and sale of commercialised units. The development pipeline accounts for 7, m 2 planned for delivery within the Centaurus office building (Euro Style). Construction of the scheme will start in the second half of 215, and its completion is scheduled for 217. SELECTED TENANTS IN BPO/ SECTOR TENANT Citi Transcom FUNCTION BPO 6, 5, 4, 3, 2, 1, OFFICE SPACE (m 2 ) Olsztyn VACANT SPACE EXISTING SUPPLY SPACE PLANNED OFFICE MARKET KEY INDICATORS 4,4m 2 EXISTING SUPPLY H1 215 13,4m 2 NEW SUPPLY 214 BASE RENTS FOR OFFICE SPACE IN EXISTING SCHEMES (m 2 /month) Class A Class B 7.5-9.5 29.7% VACANCY RATE 11-12.5 7 8 9 1 11 12 13 OLSZTYN 7.2% UNEMPLOYMENT RATE 27,313 3 WARMIŃSKO-MAZURSKIE STUDENTS BY SCHOOL TYPE (VOIVODESHIP) 25 2 19.6% 15 MANAGER 7,241 1 3,59 1,784 5 uniwersytety UNIVERSITIES uniwersytety TECHNICAL techniczne UNIVERSITIES techniczne AGRICULTURAL rolnicze rolnicze ekonomiczne OF ekonomiczne ECONOMICS HIGHER TEACHER EDUCATION pedagogiczne pedagogiczne SCHOOLS MEDICAL medyczne medyczne UNIVERSITIES PHYSICAL AWF AWF FINE artystyczne artystyczne ARTS THEOLOGICAL teologiczne teologiczne OLSZTYN UNIVERSITY RANKING* Uniwersytet Warmińsko-Mazurski in Olsztyn (33. position in Poland) Wyższa Szkoła Policji in Szczytno (8.+ position in Poland) TEAM LEADER OF UNIVERSITIES OF STUDENTS OF GRADUATES 4x 7x 31,14 39,397 9,712 12,48 GRADUATES BY SCHOOL TYPE (VOIVODESHIP)WWW SENIOR 972 1,444 2,29 REMUNERATION IN BPO/ SECTOR (PLN) WARMIŃSKO-MAZURSKIE 7,774 2 4 6 8 1 JUNIOR F&A 1-15 75-9 55-6 4 3 HR 8-9 7 5 35 28 IT 12-14 8-12 75-1 5-75 5-6 CS 65-8 48-65 42-6 32-4 25-3 CS in English (B2/C1) 1 75 55 45 35 OTHER Source: Adecco 215, (F&A -Finance and Accounting, HR - Human Resources, IT - Information Technology, CS -Customer Service) Source: Central Statistical Office, 213/215 * Source: Perspektywy University Ranking 214 (http://serwisy.gazetaprawna.pl/edukacja/artykuly/797998,ranking-akademickich-szkol-wyzszych-214.html)

Experts view SZCZECIN The advantage of Szczecin and its surrounding area is its rapid development. Companies operating here can count on the support of the local authorities, institutions and professional consulting companies. Szczecin, like no other city, is a popular among Nordic companies. It has production, logistics, renewable energy, BPO and shared services centres that offer opportunities for the local young, educated workforce. Katarzyna Raczkowska, Branch Manager Adecco Poland, Szczecin. Is Szczecin an attractive location for investors? The answer depends of course what type of business we are talking about. Each business sector specifically focuses on a different economic ecosystem. I think that it is worth mentioning here some general, key aspects, leveraging the economic attractiveness of the region and Szczecin in particular. First of all is the city s convenient geo-location and developed infrastructure (sea port, airport and highway network). Focusing on my sector, IT, support is available from the Szczecin authorities or local organisations such as klaster IT, which are involved in the development of new business venues and gathering competent staff from the local and external labour markets. Additionally, regional universities are open to cooperation with business, which has a significant impact on building the competences required in IT and improving our capabilities to grow. What is more, Szczecin boasts a rapidly growing supply of modern office space, which helps businesses to grow. Marcin Nicpon, Delivery Executive, Radio, Tieto. BIAŁYSTOK Białystok, due to its location and development prospects, is considered to be the centre of East-West dialogue and an attractive city for business. From investors point of view, the strengths of Białystok include: labour costs 1% lower on average than the national average, well-developed academic institutions, the availability of qualified staff, continuous improvement of transport infrastructure and developed technical resources. Marcin Giebień, Regional Sales Manager Adecco Poland.

Experts view GDAŃSK Pomerania is considered to be a unique place in Poland because we have everything here: the sea, beaches, forests and parks. The amazing scenery of these places creates a wonderful climate that is appreciated by local residents. Besides the benefits of nature, Tricity offers many opportunities for self-fulfillment and career development. International corporations choose Tricity due to its location, infrastructure (airport) and access to qualified labour. In the Tricity there is always a lot to do. Numerous concerts, festivals and sports events mean that no one here is bored. Jeppesen, a Boeing company, is experiencing a significant expansion of its business in Poland, which translates into strong employment growth in the Gdańsk branch. We are intensively searching for employees for our most important departments. We are looking for unique competences that are not always common in the northern region, which is why we have expanded the search for the best candidates to the south of the country. After accepting a job, the only issue is moving here. Why is it not difficult for us to convince people to move for example from Kraków to Gdańsk? Simply because Tricity is the best place to live in Poland! Ewa Szczepkowska, Manager, Regional Human Resources, Jeppesen a Boeing Company Gdańsk, Sopot and Gdynia, which make up the Tricity area, is the main investment and trade centre in the north of the country. The area s attractiveness for business is created by its extensive infrastructure, the support of the local authorities and the wide availability of skilled workers for both white and blue collar sectors. Thanks to the many universities, most candidates in the labour market are fluent in at least one foreign language. Tricity is home to companies from the IT, financial and accounting, logistics, automotive and air traffic sectors. There are many investments and entrepreneurs from Scandinavian countries, Germany, the United Kingdom and the United States. Łukasz Koszczoł, Operations Director Adecco Poland. BYDGOSZCZ Bydgoszcz is practically in the centre of Poland: it has its own airport and rail and road infrastructure, but its main assets are its people! They are open-minded, communicative and looking for new challenges. This is not the only potential of Bydgoszcz; there is an economic zone, cinema, theatre, opera house and a beautiful park. It is really worth rediscovering Bydgoszcz. Agnieszka Sztym, Branch Manager Adecco Poland, Bydgoszcz.

Experts view TORUŃ Special Economic Zones (SEZ) are an instrument designed to increase the investment attractiveness of the region, contribute to economic growth and decrease unemployment. SEZs are associated with large international corporations; however, very often it is innovative small and medium-sized enterprises that decide to invest in SEZs. The Pomeranian Special Economic Zone Ltd. (PSEZ) manages investment sites with a total area of 1,859 hectares in four regions, of which 732 ha are located in the kujawsko-pomorskie region. Investors are attracted to this region by the young and well-educated labour force and competitive labour costs. The availability of staff at all levels, the high level of skills of potential employees and excellent investment locations in the PSEZ encourage foreign and Polish companies to invest in the kujawsko-pomorskie region. Anna Różycka, Director, Investment Development Department, Pomeranian Special Economic Zone Ltd. I have been linked to Trouń for over 7 years. Toruń not only has a beautiful Old Town, listed on the UNESCO World Heritage List, but it is also a thriving city. Toruń is home to large logistics centres and warehouses, and there are as many as nine universities in the city. Thanks to the well-developed labour market, companies can find specialists from various sectors with different levels of education and experience. Moreover, Toruń has sites that are included in the Pomeranian Special Economic Zone, which supports investors. Joanna Bojarojć, Sales Manager Adecco Poland, Toruniu.

Green Certification In April 214, the total number of projects in Poland granted BREEAM and LEED certificates accounted for 94 office buildings. During the next 12 months the number grew by over 76%. According to information published by BRE (Building Research Establishment) and GBCI (Green Building Certification Institute), there are already 166 certified developments in Poland. BREEAM and LEED remain the most popular certificates on the Polish market. Owners and developers usually choose the BREEAM certification. Only every fourth certified office building is LEED certified. Both systems include variations of their programs dedicated to existing buildings and newly designed ones. Due to the growing supply of office space, older buildings are increasingly more likely to apply for certificates in order to optimise their operating efficiency and to obtain an independent confirmation of good practices applied in the building management. In such a way the building is better positioned on the commercial property market. ADVANTAGES OF GREEN BUILDING CERTIFICATION OPERATIONAL COSTS DECREASE 13% ENERGY USE REDUCTION 26%-5% 27% TENANT SATISFACTION CO 2 EMISSIONS REDUCTION 33-39% WATER USE REDUCTION 4% WASTE REDUCTION 7% + ELEVATED PROPERTY IMAGE SHARE OF BUILDINGS WITH BREEAM AND LEED CERTIFICATES 76% BREEAM CERTIFIED - 126 BUILDINGS BREEAM 81% - 22 certified buildings 24% LEED - 4 CERTIFIED BUILDINGS MORE INFORMATION IN OUR LATEST REPORT: Green Buildings in Poland 215 Certification in numbers 12

2+ years of professional experience 26 prestigious awards 5 branches in Poland 1 2 clients served every day 16 employed every day 5 + candidates in our database HR services, that your company deserves. Our services: HR Outsourcing Xpert Tests Adjust On-site Management HR Consulting Master Vendoring Outplacement Assessment & Development Center Temporary Staffing & Permanent Placement Our Values

Better work, better life Our gaol is to improve the work situation of each person, and thus in life. Best Large Recruitment Company in Poland in PR Category 214 Best Large Recruitment Company in Poland 213 Pearls of the Polish Economy 212 Outsourcing Stars HR/ Temporary Staffing Pearls of the Polish Economy 211 Pearls of the Polish Economy in category Big Pearl 214 Selection & Recruitment Executive Search Selection & Recruitment Executive Search Selection & Recruitment Executive Search Selection & Recruitment Executive Search Audience Award 213 25 26 27 21 211 212 213 214 215 Adecco Branches - Northern Poland Feel free to contact us: Adecco Szczecin Al. Piastów 3 71-64 Szczecin Tel: 91 431 42 67 mail: szczecin@adecco.com Adecco Olsztyn ul. Kętrzyńskiego 1A/2 1-54 Olsztyn Tel: 695 6 655 mail: olsztyn@adecco.com Adecco Bydgoszcz ul. Gdańska 123/1a 85-22 Bydgoszcz Tel: 52 321 57 41 mail: biuro.bydgoszcz@adecco.com Adecco Gdańsk Ul. Hallera 2B 8-41 Gdańsk Tel: 85 874 97 1 mail: biuro.gdansk@adecco.com

52 offices in 67 countries on 6 continents United States: 14 Canada: 31 Latin America: 24 Asia Pacific: 199 EMEA: 18 Robert Z. Karniewski PARTNER DIRECTOR POLAND REGIONAL MARKETS robert.karniewski@colliers.com $2.3 billion in annual revenue Blazej Kucharski REGIONAL DIRECTOR GDAŃSK blazej.kucharski@colliers.com Dominika Jędrak DIRECTOR RESEARCH AND CONSULTANCY SERVICES dominika.jedrak@colliers.com 1.7 billion square feet under management 16,3 professionals and staff Sebastian Bedekier REGIONAL DIRECTOR POZNAŃ sebastian.bedekier@colliers.com Ewa Grudzień ANALYST RESEARCH AND CONSULTANCY SERVICES ewa.grudzien@colliers.com Colliers International Colliers International Group Inc. (Nasdaq:CIGI) (TSX:CIG) is a global leader in commercial real estate services with more than 16,3 professionals operating from 52 offices in 67 countries. With an enterprising culture and significant insider ownership, Colliers International delivers a full range of services to real estate users, owners and investors worldwide, including global corporate solutions, brokerage, property and asset management, valuation, building consultancy, appraisal services and insightful research. Colliers International has been recognized and ranked by the International Association of Outsourcing Professionals Global Outsourcing 1 for 1 consecutive years, more than any other real estate services firm. Colliers International has been active in the Polish market since 1997 and operates through offices in Warsaw, Kraków, Wrocław, Poznań, Gdańsk Katowice and Łódź with over 2 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. Colliers most recent distinction in Poland include the Outsourcing Star, given in recognition of its status as one of the most active real estate advisors in the outsourcing sector; and the Gazele Biznesu for being one of the most dynamically developing companies in Poland. More about us on: www.colliers.pl Copyright 215 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 responsibility is assumed for any inaccuracies. Readers are encouraged to consult their professional advisors prior to acting on any of the material contained in this report.

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