Industrial and LogisticsRents mapEUROPE, MIDDLE EAST AND AFRICA

Accelerating success.

IRELAND

UNITED KINGDOM

FRANCE

SPAIN

PORTUGAL

BELGIUM

THE NETHERLANDS GERMANY

DENMARK

SWEDEN

NORWAY

FINLAND

RUSSIA

ESTONIA

LATVIA

LITHUANIA

BELARUS

POLAND

UKRAINE

SWITZERLANDAUSTRIA

CZECH REPUBLIC

SLOVAKIA

HUNGARY

CROATIA

ROMANIA

BULGARIA

TURKEYGREECE

ITALY

SOUTH AFRICA

ISRAEL

Edinburgh

LeedsManchester

Dublin

Belfast

Bristol

Birmingham

London (Heathrow)

Paris

Bordeaux

ToulouseMarseille

Lyon

Geneva

Madrid

Milan

Zurich

DüsseldorfAntwerp

Hamburg

Copenhagen

Amsterdam

Gothenburg

Malmo

OsloStockholm

HelsinkiSaint Petersburg

Tallinn

Riga

Vilnius

Moscow

Warsaw

Minsk

Kyiv

Bratislava

Budapest

Zagreb

Bucharest

So�a

Athens

Istanbul

Tel Aviv

Durban

Cape Town

Johannesburg

Prague

Glasgow

Vienna

Lille

Berlin

€7.8 ��€5.0 ��7.75% ��

€6.7 ��€5.6 ��7.75% ��

€6.1 ��€5.6 ��7.75% ��

€6.4 ��€4.8 ��7.50% ��

€4.5 ��€4.5 ��6.75% ��

€5.0 ��€4.5 ��9.00% ��

€6.4 ��€5.9 �7.50% ��

€7.8 ��€6.1 ��7.50% ��

€15.1 �€13.4 ��6.00% ��

€10.0 ��€4.2 ��6.80% ��

€6.2 ��€3.4 ��7.50% �� €6.2 ��

€3.5 ��7.20% ��

€6.3 ��€3.5 ��7.50% ��

€10.0 ��€3.4 ��7.20% ��

€5.3 �€3.2 ��8.25% ��

€11.1 ��€9.0 �7.50% ��

€3.8 �€3.3 �7.00% ��

€5.0 ��€4.0 ��7.25% ��

€6.3 �€3.6 ��7.00% � €5.8 ��

€5.8 ��7.20% ��

€5.0 ��€5.0 ��7.50% ��

Stuttgart€5.3 ��€6.2 �7.20% ��

Munich

€6.2 ��€5.3 ��6.90% ��

Frankfurt€6.5 ��€6.0 ��6.70% �

€12.5 ��€11.1 ��7.50% ��

€4.6 ��€4.0 ��7.25% ��

€5.0 ��N/A ��10.50% ��

€5.0 ��€4.8 ��8.75% �

€4.0 �N/A �9.00% ��

€3.9 �N/A �9.00% ��

€3.8 ��N/A ��11.00% ��

€4.4 ��N/A ��10.00% ��

€4.7 �€4.7 ��9.00% ��

€4.3 �N/A �9.75% �

€5.5 �N/A �7.75% ��

€8.0 ��€7.0 ��15.50% ��

€4.6 �€3.7 ��10.00%��

€5.5 N/AN/A N/A14.00% N/A

€9.2 ��N/A ��10.50% ��

€8.1 �N/A �12.00% ��

€3.5 ��€3.2 �9.25% ��

€4.8 �€4.2 ��9.00% ��

€10.0 ��€7.5 ��7.50% ��

€8.3 ��€5.5 ��7.00% �

€6.9 ��€5.7 ��7.00% �

€5.2 ��€5.2 �7.00% �

€4.5 �N/A �8.50% ��

€8.50 ��€7.40 �8.75% ��

€5.1 ��€4.6 ��9.25% �

€4.6 �€4.3 �12.00% ��

€5.6 ��€5.1 ��9.50% ��

€4.6 ��€3.4 ��7.20% ��

€5.7 ��€4.3 ��7.30% ��

€11.9 ��€9.3 ��6.50% ��

Lisbon€5.3 �€3.3 �9.25% ��

EMEA Industrial and Logistics Rents H1 2012

This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and/or its licensor(s). ©2012. All rights reserved.

Key

Prime net rent - warehouse space (EUR/sqm/month)

Prime net rent - bulk space (EUR/sqm/month)

Prime yield (%)

Definitions:• Primenetrent: The top open-market tier of rent that could

be expected for a unit of standard size, and of the highest quality and specification (Grade A), in the best location in the market at the survey date. The figure excludes service charges and taxes, and does not reflect tenant incentives.

• Warehousespace: 500 square metres/5,000 square feet or more with up to 15 per cent office space, the balance being general industrial/logistics/distribution space with 6 to 10 metre/18 to 30 feet ceiling heights.

• Bulkspace: Bulk space – 10,000 square metres/100,000 square feet or more with up to 10 per cent office space, the balance being general industrial/logistics/distribution space with 6 to 12 metre/18 to 36 feet ceiling heights. All loading is dock-height.

• Primeyield:The yield an investor is prepared to pay to buy a Grade A building, fully-let to high quality tenants at an open market rental value in a prime location. Lease terms should be commensurate with the market e.g. typically 5yrs +. Net initial yield = First years’ net income/purchase price (prior to deducting fees and taxes).

Data as at 30th June 2012

Arrows indicate expected movement over the next 12 months.

Colliers International

Colliers International is the leader in global real estate services defined by our spirit of enterprise. Through a culture of service excellence, and a shared sense of initiative, we have integrated the resources of real estate specialists worldwide to accelerate the success of our clients.

When you choose to work with Colliers, you choose to work with the best. In addition to being highly skilled experts in their field, our people are passionate about what they do. And they know we are invested in their success just as much as we are in our clients’ success.

The foundation of our service is the strength and depth of our specialists. Our clients can depend on our ability to draw on years of direct experience in the local market. Our professionals know their communities and the industry inside and out. Whether you are a local firm or a global organisation, we provide creative solutions for all your real estate needs.

Our services include:

Brokerage Sales and Leasing • Landlord Representation • Tenant Representation Corporate Solutions Development Solutions Investment Services Project Management Real Estate Management Services Valuation and Advisory Services

We cover the following core sectors as well as many specialised sectors:

Office Industrial and Logistics Retail Hotel Residential Mixed use

The supply chain infrastructure is influenced by many different pressures, each of which may affect plans for growth and development. This is nowhere more apparent than in the EMEA region, where such a range of national boundaries, laws, regulations, language and traditions need to be assessed by any international operator.

Our clients expect the delivery of services that address the reality of the national, regional and global real estate market. The commitment of our team is to set new standards in delivering our clients the most relevant and appropriate resources and services at the highest possible level.

With specialists based across the EMEA region - and with direct connections to Colliers International business teams in the Americas and Asia Pacific - we offer a single source real estate solution to the unique demands of the logistics industry.

Regionally and worldwide, Colliers International industrial and logistics specialists work together on a range of challenging projects, sharing critical market information and opportunities.

Our services in this sector include:• Leasing and disposal• Sales and purchase• Investment• Development consultancy• Project management• Valuation and advisory• Corporate solutions• Building surveying• Land purchase/disposal• Strategic consulting

Industrial and Logistics Services

www.colliers.com

Colliers International provides a full range of commercial real estate services throughout Europe, Middle East and Africa.

AlbaniaAustriaBelarusBelgiumBulgariaCroatiaCzech RepublicDenmarkEstoniaFinlandFranceGermanyGreeceHungary

IrelandItalyLatviaLithuaniaMontenegroNetherlandsNorwayPolandPortugalRomaniaRussiaSaudi ArabiaSerbiaSlovakia

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EMEA Headquarters9 Marylebone LaneLondon W1U 1HLUnited Kingdom+44 20 7935 4499emea.logisticsindustrial@colliers.com