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SZCZECIN

is open

SZCZECIN

is the main administrative and economic centre

of Zachodniopomorskie Province. It is also the

capital of the Pomerania Euroregion, as well

as a centre for political, social and cultural

cooperation between local authorities from

Poland, Germany and Scandinavia.









Szczecin is open to the sea

Over the years, Szczecin’s location together with its full seaport have

shaped its character. Szczecin is viewed as a place of maritime commerce,

shipbuilding, yachting, as well as the Dni Morza (Sea Days) festival. Even

though it is placed some distance from the Baltic Sea, many people still

view it as a coastal city. The relationship between Szczecin and the Baltic

Sea, nurtured over the years, has become even closer lately due to the

fact that the city aspires to become one of the more important maritime

ports in Europe.

Szczecin’s maritime character enabled it to host the largest outdoor event

in Poland in 2007. “The Tall Ships’ Race”, with more than one hundred of

the largest sailboats from around the world, was attended by two million

people.









Szczecin is open for invention

Vitality and multiculturalism – these key characteristics are the basis for

Szczecin’s potential. Unconventional solutions, original ideas and a fresh

outlook allow Szczecin to host unique events. One of the oldest theatre

festivals, Kontrapunkt, is held in Szczecin. Szczecin is also the capital of

contemporary music:

• Musica Genera Festival – Jazz Efforts

• Szczecin Music Fest

• inSPIRACJE International Visual Arts Festival

• Street Artists Festival









Szczecin is open for development

Szczecin welcomes new technologies, business and investments. Such

openness to initiatives and new solutions underlie our multifaceted

development, as well as help make Szczecin a major European city. Its

growth potential is associated with its border proximity, its scientific

and academic potential as well as close cooperation with its German

counterparts. These trumps have helped modern services and innovative

technology development centres find their place in Szczecin.









2

Factors that make Szczecin What makes

the ideal place to invest: us different?

• Szczecin, a city of active people, is one

Location – located at the crossroads, Szczecin is a vital of the leading Polish cities in terms of

international transport hub on the Trans-European North-South the number of business entities and

transport route from Southern Scandinavia, through the Odra River their growth.

corridor, down to the Czech Republic, to Austria to Mediterranean

• Numerous open investment spaces

ports. It lies on the route between Finland and Russia through the

located in the city centre and its unique

Baltic Sea to Western Europe.

environs.



People – the city has a wealth of academic institutions – 19 • Szczecin’s 13th General High School

universities train engineers and architects, and offer specialisations [XIII Liceum Ogólnokształcące] has

in IT, economics, law and foreign languages. The knowledge and been ranked as Poland’s No. 1 high

skills acquired by Szczecin university graduates make them strong school over the last few years.

competitors on the EU labour market. • One of the most reputable genetic

science centres in the world is based in

Economic development – a dynamic administrative and Szczecin.

scientific centre in which knowledge, business initiative and

• Professor Aleksander Wolszczan,

openness to investments form a modern tool for economic growth

astronomer and discoverer of the first

throughout the region, thus helping to improve the standard of

planet outside of our solar system, is

living of its people. Szczecin is a city of numerous cultural and

associated with Szczecin.

ethnic backgrounds, where the old meets the new. Beautiful

architecture combined with well-crafted monuments, attractive

areas for water sports and tourism, as well as its many green

areas, make the city unique.





One stop shop – supports business people interested in

investing in the city. Investors are able to obtain information

and assistance in carrying out investment procedures and take

advantage of various forms of support, thereby making the start-

up or expansion of business activities in the city of Szczecin much

easier.









SZCZECIN

is open

3 to the sea

Location

Key data for Szczecin:

• area 301 km2

• population: 409,000

• capital of the Zachodniopomorskie Province

(pop. approx. 1.7 million)

• location:

– 12 km – border crossing in Kołbaskowo

– 65 km – Baltic Sea

– 127 km – Berlin

– 281 km – Copenhagen

– 371 km – Prague

– 450 km – Warsaw

– 692 km – Stockholm

– 756 km – Brussels

– 992 km – Paris

– 1,016 km – London

– 1,291 km – Rome

– 1,498 km – Moscow



Note: distances

are line of sight









Source: www.geobytes.com









4

Szczecin metropolitan area

The City of Szczecin and its adjacent districts aim to create and

integrate the Szczecin Metropolitan Area (SOM). The cooperation

within the SOM will allow for the implementation of a unified system

of urbanisation, integrated transport and communications network,

and also strengthen Szczecin’s human capital. The tightening

of bonds between Szczecin and its adjacent districts will ensure

unified business development throughout the region, while building

a stronger position, both domestically and across Europe.









Planned Szczecin Metropolitan Area



Surface area

District Population

(km2)



Szczecin 409 068 301



Stargard Szczeciński 81 838 367

SZCZECIN

Police 41 486 251



Goleniów 33 229 443



Gryfino 31 367 254



Dobra 12 756 110



Kołbaskowo 8 980 106



Stare Czarnowo 3 890 153



Kobylanka 3 692 122



Nowe Warpno 1 563 198

Region of impact

Total 627 869 2305 of external

Source: www.stat.gov.pl, May 2007 r. metropolitan

areas:



Region of impact region of influence

of the Szczecin of Berlin

metropolitan area: region of influence

of Poznań

direct region

region of influence

indirect region of Gdańsk

Świnoujście

region of influence

Greifswald of Ystad, Malmö,

Koszalin

Copenhagen





Goleniowski

Policki

Neubrandenburg



SZCZECIN

Stargardzki





Prenzlau



Gryfiński Pyrzycki



Schwedt





SZCZECIN

Gorzów Wlkp.

is open

5 to the sea

SZCZECIN

is easily accessible due to its hub role in

the European transport system. All types of

transport meet here: road, rail, air and sea.









Roads – Szczecin has excellent access to the Western Europe highway

system – through the A6 Berlin highway and the No. 3 expressway to

Southern Europe.



• A6 Highway



• International roads:

– E-28 (A6 and No. 6 expressway)

– E-65 (No. 3 expressway)



• Major domestic roadways:

– S3

– S6

– S10



Work is currently underway to adapt the above domestic roads to express

roadways in order to connect Szczecin and the region to the national

roadway system.



• Provincial road: No. 115



Railway connections – three types of passenger services are

available in Szczecin:



• International – direct connection to Berlin, Angermünde, Potsdam,

Pasewalk, Neubrandenburg and Schwerin. Additional railway connections

with Moscow, Saint Petersburg and Kiev operate in summer. Cooperation

with Deutsche Bahn allows for the introduction of direct rail connections

to Amsterdam and Hanover. The train ride to Berlin is expected to soon

take less than one hour.



Major railway lines:

– E-59: from the Świnoujście Port cargo terminal to Berlin,

Vienna and Sofia;



– E-28: Hamburg – Berlin – Zachodniopomorskie Province – Gdańsk

– Kaliningrad – Saint Petersburg;



Szczecin – Berlin – Amsterdam.



• Long-distance – Szczecin has direct rail connections with major Polish

cities, e.g., Warsaw, Krakow, Wrocław, Gdańsk, Olsztyn, Lublin, Przemyśl

and Białystok.



• Regional – the Szczecin hub has direct local railway connections with

the largest cities in the Zachodniopomorskie province.









6

Air transport – the Szczecin-Goleniów Airport, which meets Charter flights:

Schengen* requirements and services domestic and international – Antalya (Turkey),

flights, is located approximately 45 km from the city. The construction – Hurghada (Egypt),

– Tunis (Tunisia).

of a new passenger terminal has allowed the airport to increase its

capacity to approximately one million passengers each year. A new air

traffic control tower, considered Poland’s most modern tower and one

of the best-equipped air traffic control towers in Central and Eastern

Europe, was opened in 2005. All this has considerably improved air

travel within the region. The Szczecin-Goleniów Airport is ready to meet

the growing demands of air travel, while at the same time guarantee

the highest level of services to businesspeople and tourists.

*Source: Szczecin-Goleniów Airport, January 2008







Number of Approximate

Direction Carrier flights per travel time

week (hours)



Dublin 4 2:25





Edinburgh 2 2:10





London 4 1:55





Oslo 2 1:25

Source: www.airport.com.pl









Warsaw 26 0:55





Flights to commence

Dortmund

on 30 March 2008







A valuable addition to the Szczecin-Goleniów Airport is the recreational

and sports airport in Szczecin Dąbie. The reconstruction of the airport

into a local airport serving the needs of business air services, a sports

airport and various forms of aeronautical and parachuting training is

planned in the near future.







Maritime hub – the open-sea Szczecin-Świnoujście Port is

located within the city. This seaport forms one of the largest universal

seaport complexes on the Baltic Sea. It is supplemented by inland

connections – the Odra River to the south of the country and the Odra-

Hawel Channel to Berlin and Western European river ports. The ports

in Szczecin and Świnoujście are the closest seaports for the Czech

Republic and Slovakia. They are also located on the shortest route

connecting Scandinavia with Central and Southern Europe, as well

as the sea channel that connects Russia and Finland with Western

Europe via the Baltic Sea.





SZCZECIN

Maritime connections to Sweden, Finland, Norway, Lithuania, Great

Britain, Germany, West Africa and China leave from the ports of

Szczecin and Świnoujście.

is open

7 to the sea

People

Szczecin population age structure



Total 66654 272549 69865



Women 32361 134930 47253



Men 34293 137619 22612









17.1% 16.3%

pre-employment age



employment age

66.6%

post-employment age





Source: Central Statistical Office, 31 December 2006









International education

The unique geographic location of Szczecin makes it a multicultural city. The

headquarters and command centre of the Multinational Corps Northeast

are to be found here. As a result, the creation of an appropriate level of

education designed to meet the demands of intercultural families was vital.

Currently, there are two international schools in Szczecin.









1. Szczecin International School SIS

www.sis.info.pl



This school was designed to meet the needs of the children of officers

of the Multinational Corps Northeast based in the city since 1999. In

addition, the children of foreign businessmen and Szczecin families,

who value education in an internationally renowned, English speaking

school, also study here. The education programme offered by the school

includes various levels: primary school, middle school and secondary

school, which can be completed by obtaining a certificate from the

globally recognised International Baccalaureate Organisation (IBO). The

Szczecin International School operates pursuant to Polish educational

law and international education programs (IPC, CIE).





2. Polish-American Private School in Szczecin

www.polskoamerykanska.pl



The school offers a primary and middle school education and has twelve

years’ experience educating children and young adults from various

countries and cultures, e.g., Germany, Denmark, Canada, USA, Iraq,

Turkey, Australia, Russia, Ukraine, Moldavia, Vietnam and Poland.

Graduates of the Polish-American Private School in Szczecin go on to

study at renowned Polish, European and American universities.









8

Higher education – Szczecin attaches great importance to the Private colleges:

• West Pomeranian Business School

development of higher education. The city is the largest academic

(Zachodniopomorska Szkoła Biznesu)

centre in the Zachodniopomorskie Province, with almost 70,000 • European Integration School

students studying at 19 universities and approximately 15,500 (Wyższa Szkoła Integracji Europejskiej)



graduating each year. • Higher School of Public Administration

(Wyższa Szkoła Administracji Publicznej)



• Language Training College

(Wyższa Szkoła Języków Obcych)



• OECONOMICUS Higher Vocational School

(Wyższa Szkoła Zawodowa „OECONOMICUS” PTE)

Public schools – number of students • The TWP Higher School of Humanities

(Wyższa Szkoła Humanistyczna TWP)

69 887

• Collegium Balticum Higher Vocational

School (Wyższa Szkoła Zawodowa – Collegium

Balticum)



• Higher School of Applied Arts

(Wyższa Szkoła Sztuki Użytkowej)

34 254 • Management College (Wyższa Szkoła Zarządzania)



• Higher School of Business and Tourism

(Wyższa Szkoła Ekonomiczno-Turystyczna)

10 243 8 861 10 406 • Technical and Business College

3 629 2 494 (Wyższa Szkoła Techniczno-Ekonomiczna)



• Higher School of Health and Beauty (Wyższa

Szkoła Kosmetologii i Promocji Zdrowia)

Total University Technical Agricultural Maritime Pomeranian Others

of Szczecin University Academy Academy Medical Branches of schools from other cities:

in Szczecin in Szczecin in Szczecin Academy

in Szczecin • The Szczecin Branch of the Poznan Musical

Academy

(Akademia Muzyczna w Poznaniu Filia w Szczecinie)



• The Szczecin Branch of the Warsaw TWP

Number of students of selected fields of study Teacher Training College (Wyższa Szkoła

Pedagogiczna TWP w Warszawie – Filia w Szczecinie)



No. Field of study Students* Graduates**



1. B&A total, of which: 10 605 3415

Business and administration 874

Marketing and management 1117

Banking and finance 1868

International relations 40



2. Computer studies

3251 910

and IT technologies



Technical and engineering, 18 438 3515

3. of which:

Civil engineering

and architecture 942 130 The university of Szczecin

Construction 1 741 249 offers an MBA program

Biotechnology 624 103 ranked 5th among MBA

Food technology and nutrition 900 181

Schools in Poland by Wprost

Environmental protection 1 937 368

weekly.

4. Economics 11 470 1997



5. Law 2 269 217



6. Political science 1 615 405



7. Medicine 2 925 537



Language and literature

8.

studies, including:

1 539 224

English, Germanic, Romanic,

Russian, Russian-English

* As at 30 November 2006

** 2005/2006 academic year

Source: Statistical Office in Szczecin

SZCZECIN

is open

9 to creativity

Knowledge of foreign

Knowledge of foreign languages among

languages

general Szczecin population

The findings of a November 2007 report

62.67%

on knowledge of foreign languages 58%

of Szczecin residents showed that 45.33%

English, German and Russian are the

most popular foreign languages.









English German Russian





Knowledge Knowledge

of English among of German among

Szczecin population Szczecin population



12.67% Advanced

19.33%

37.33% 42% Intermediate

24.33%

24.67%

Poor



18.67% 21% None









The majority of students in Szczecin Knowledge of foreign languages among students

have foreign language skills, with more

97.04%

than 80 percent declaring an advanced 89%

level of English, whereas 42% declare

a similar knowledge of German.









19.54% 16.25%









English German French Russian





Knowledge Knowledge

of English among of German among

students students



2.96% 10.76% 11.20%



16.03% Advanced

29.53%

Intermediate

31%

47.09% Poor

51%

None





Source: SMR EX PLORO “Knowledge of foreign languages among general population, students

and graduates of post-secondary schools” (Szczecin and Koszalin Study) Szczecin, 2007









10

Unemployment

A noticeable decrease in unemployment has occurred in Szczecin since

2004. In October 2007, the unemployment rate was 7.4% (approx.

13,300 people).









Unemployment rate



15.5%

14.2%









Source: County Labour Office

12.1%



7.4%









in Szczecin

October



Unemployment rate

in selected Polish cities

Unemployment in Poland and Szczecin



16.3% Szczecin 7.1



Gdańsk 6.5



Katowice 3.4

11.2%

Krakow 3.9



7.1% Łódź 8.8



Poznań 3.0



Warsaw 3.1



Wrocław 4.8

Source: Central Statistical Office, November 2007

Poland Zachodniopomorskie Szczecin

Province

Source: Central Statistical Office, October 2007







Labour market

In 2006, the number of employed persons in Szczecin amounted to

almost 160,000, 65% of which were employed in the private sector.









Employees by sector

Market services (hotels, restaurants,

transport, warehousing, communications, 52.09%

financial intermediacy, commerce, property

management, lease, utilities)



Industry and construction 24.96%



Non-market services 22.25%

(public administration, defence, social security

and health insurance, education, healthcare)



Agriculture, hunting 0.70%

and forestry, fishery







Source: Central Statistical Office

SZCZECIN

is open

11 to creativity

Business costs

Labour costs

Average salary in the first half of 2007 in Szczecin: Minimum salary as of 1 January 2008:

Public sector: PLN 3,203.61 gross/month* – PLN 1,126 (100% of gross amount)

Private sector: PLN 2,597.28 gross/month* – PLN 900.80 (80% during first year of employment)

*Source: Statistical Office in Szczecin







Components of payroll paid by employer and employee

Type of insurance % of insurance premium Split of premium



Employer Employee



9.76% of calculated 9.76% of calculated

19.52% of calculated premium premium premium

Retirement – 12.22% for ZUS – 9.76% for ZUS – 2.46% for ZUS

– 7.3% to open retirement fund – no premium to open – 7.3% to open

retirement fund retirement fund



Pension 6% of salary 4.5% 1.5%



between 0.67% and 3.60%

depending on professional risk

Accident insurance in a given branch of the industry 0.67% to 3.60%

for companies with 10 or more

employees



Sickness insurance 2.45% premium 2.45%



Additional premiums:



Employee Fund 2.45% premium 2.45%



Guaranteed Employee

0.10% premium 0.10%

Benefits Fund

Source: www.paiiiz.gov.pl, 12 December 2007







Polish tax system – fully compliant with EU standards



Most important taxes Rates



PIT – personal income tax 19%, 30%, 40%



CIT – corporate income tax 19%



22% – base rate

VAT – goods and services tax 7%, 3%, 0% – depending on goods

and services





Standard charges in 2007



Name Unit Price



Water m3 PLN 2.94 incl. VAT*



Sewage m3 PLN 3.50 incl. VAT*



Electricity MWh between PLN 1.10/month and PLN 61.00/month +VAT



Gas m3 between PLN 0.09/month and PLN 0.44/month +VAT



between PLN 46.90/month and PLN 106.56/month incl. VAT

Internet 2 Mb/s (depending on the term of services being rendered by the Internet

provider)



Telephone One-minute call between PLN 0.12 and PLN 0.71

*year 2008









12

Local taxes and fees in effect in 2008



No. Name of fees Annual fees



housing PLN 0.57 per sq. m. of surface area



associated with conducting business, as well as

residential properties or their part occupied for PLN 18.59 per sq. m. of surface area

business purposes



associated with conducting business in

commercial or service properties with a surface PLN 19.01 per sq. m. of surface area

Taxes on area of more than 4,300 sq. m.

1. buildings or

their part occupied for the purpose of trading in registered

PLN 8.58 per sq. m. of surface area

seed materials





occupied for healthcare service activity PLN 3.80 per sq. m. of surface area





others including premises occupied for

conducting paid statutory public activities by PLN 6.31 per sq. m. of surface area

public organisations



associated with conducting business activities

regardless of the designation of land in land and PLN 0.70 per sq. m. of surface area

building registry



for lakes used for water retention reservoirs or

2. Land tax PLN 3.74 per hectare of surface area

hydro plants



others including premises occupied for

conducting paid statutory public activities by PLN 0.29 per sq. m. of surface area

public organisations



2% of the value defined pursuant to Article

3. Tax on construction 4 par. 1 item 3 and pars. 3-7 of the Act on

Local Taxes and Fees.







Sample prices on the Szczecin real estate market



Rent Purchase

Property

PLN/month PLN/m2



Commercial space 70-170 5,000-9,000



Office space 25-100 2,650-6,000



Storage space 27-90 1,000-3,000



Residential space 25-105 2,200-8,000



Source: C.H.Beck Nieruchomości – 2nd half 2007









Fees for lease of municipal land Monthly rent



• designated towards production < 500 m2 PLN 3.51 + 22% VAT

• for each additional sq.m. PLN 2.34 + 22% VAT

• services – automotive repair shops PLN 4.79 + 22% VAT

• services – other PLN 1.64 + 22% VAT









SZCZECIN

is open

13 to creativity

Economic

development

In 2005, the share of the Gross Regional Pro-

duct (GRP) for the Zachodniopomorskie Pro-

vince in Poland’s total GDP was 4.1%, placing

the region at number nine out of the sixteen

provinces. Per capita GRP was equal to 93% of

the national average. Data related to the sub-

-regions of the Zachodniopomorskie Province

indicate that the Szczecin sub-region is the

wealthiest and most industrialised sub-region

within the Zachodniopomorskie Province.









Special economic zones

In order to facilitate the establishment of companies from the IT and BPO

sectors, the city of Szczecin cooperates with the Kostrzyn-Słubice Special

Economic Zone to create an economic sub-zone within the city limits.



www.kssse.pl



Special economic zones were formed to create new jobs and help

accelerate the economic development of Polish regions. Currently, 14

special economic zones operate within Poland. Businesses have already

invested almost PLN 40 billion in the zones and created more than

120,000 new jobs. Businesses that obtain a business permit may

conduct business activities on preferential terms up to 2017, i.e., for up

to nine years.









Privileges that businesses may obtain within a zone:





• tax exemptions (CIT or PIT)

• fully developed land at a competitive price

• free-of-charge assistance in handling the investment formalities

• property tax exemptions (in certain districts)





Source: Polish Foreign Investment and Information Agency (PAIiIZ), 2007









14

IT and BPO sector

Szczecin, with its academic resources and scientific and research base,

can become a modern European business centre. Much emphasis has

been placed on developing the BPO sector and modern technologies

with Szczecin universities, who have taken measures to increase the

number of IT experts in the city, with the following in particular playing

a significant role:

– the IT Department of the Technical University in Szczecin, which

plans to increase the number of students by 20% within 2.5 years;

– the CAM Institute of the University of Szczecin, which plans to start

a new “Internet Engineering” course within 3.5 years and increase

the number of students by 50%;

– The West Pomerania School of Business has obtained approval from the

Ministry of Higher Education and Science to open a new programme

of studies entitled “IT – Undergraduate B.Sc.” which will increase the

number of students by another 100.



Larger BPO and IT sector companies operating in Szczecin



Commencement of Location

Company Type of activities

business activities (in city)



General: 1994

TietoEnator Polska Sp. z o.o. Software development Head office: Szczecin

Szczecin: 2007

Back-office services General: 1987 Head office: Warszawa

Prokom Software SA

Software development Szczecin: 1996 Branch: Szczecin

Back-office services General: 1993 Head office: Kraków

Comarch SA

Software development Szczecin: 2005 Branch: Szczecin

Sygnity SA General: 1991 Head office: Warszawa

Software development

(previously ComputerLand) Szczecin: 1996 Branch: Szczecin

Back-office services General: 1986 Head office: Warszawa

Macrologic SA

Software development Szczecin: 1999 Branch: Szczecin

Stream International General: 1987

Call centre Office: Szczecin

Sp. z o.o. Szczecin: 2005

Arvato Services Polska General: 1994 Head office: Poznań

Call centre

Sp. z o.o. Szczecin: 2004 Branch: Szczecin

Head office: Szczecin

Vobis SA Software development 1992 in Szczecin

(Lubieszyn)

Back-office services

Unizeto Technologies SA 1965 in Szczecin Headquarters: Szczecin

Software development

Back-office services

Softvig Sp. z o.o. 1995 in Szczecin Headquarters: Szczecin

Software development

BLStream Sp. z o.o. Software development 1996 in Szczecin Head office: Szczecin

Back-office services

ATS - Systemy Informatyczne* General: 1993 Head office: Szczecin

Software development, IT

Finus Sp. z o.o.* Software development, IT General: 1990 Head office: Szczecin

Head office: Warszawa

Heuthes Sp. z o.o.* Software development, IT General: 1989

Branch: Szczecin

Home.pl Sp. Jawna* IT General: 1997 Head office: Szczecin

Komako S.C. * Software development, IT General: 1992 Head office: Szczecin

Profi-Data Sp. z.o.o * Software development, IT General: 1992 Head office: Szczecin



Back-office services

Sagra Technology Sp. z o.o.* General: 1998 Head office: Szczecin

Software development, IT





Source: based on information obtained directly from companies, 10 October 2007

*Szczecin Science and Technology Park, December 2006 SZCZECIN

is open

15 for development

Investment market The number of foreign-owned companies

in Szczecin continues to grow. Pursuant to

Based on country of origin, the majority of companies investing

a ranking prepared by the Central Business

in Szczecin in 2006 were European companies, with 31%

Information Centre [Centralny Ośrodek

from Germany, 19.5% from Denmark, 14.9% from Cyprus,

Informacji Gospodarczej], Szczecin is currently

as well as 10.6% from the United States.

ranked sixth in Poland in respect to the

number of foreign-owned companies. These

companies operate mainly in the service,

commercial and tourism sectors.



Foreign direct investments in Szczecin as at 31 July 2007 (in excess of USD 1 million)

Base foreign capital Country of origin

according to country PKD section Company

of capital

of origin of shareholders Production of timber

– 2006 Swedwood Holding BV Sweden

and timber products



Carlsberg Breweries A/S Denmark

10.5%

Polish Bakery Investment BV Netherlands

Production of food articles,

3.5% Lohmann AG Germany

drinks and tobacco goods

4.1% 14.9% Wesjohann & Co. GmbH Germany

Natel Investment BV Netherlands

4.2%

Industrial processing









31% AltradBaumann GmbH Germany

Production of metal

19.5% JVP Steel Denmark

and metal works

Muhlhan GmbH Germany





3.6% Manufacture of electrical

8.6% Sonion Microtronic A/S* Denmark*

and optical equipment*

Cyprus

Germany Production of fibre masses,

The Netherlands paper and paper products; Norhaven Group Denmark

publishing activities

Norway

Denmark

Manufacture of rubber

Sweden PACIV Corp. USA

and plastic goods

USA

Finland MVV Energie AG Germany

Other Electricity, gas and water Eslam A/S Denmark

production and distribution E.ON Ruhrgas A.G. Germany

Enertrag Germany



Construction TK Holding Denmark

Metro Group AG Germany, France

Tesco Plc United Kingdom

Wholesale and retail trade, Carrefour France

automotive and motorcycle BP International B.V. United Kingdom

repair, as well as personal Rossmann Ost Europe BV Germany

and household goods Germanos Greece

Jeronimo Martins Holding 100 Portugal

Casino France

McDonald USA

LOUVRE HOTELS SAS France

Hotels and restaurants

Am-Rest Holding N.V. USA

TelePizza S.A. Spain

HVB Germany

UNIQA International France

Financial brokerage Provident Financial Plc. United Kingdom

Internationale Handelsbank AG Austria

Dr. August Oetker Austria



Property management, rental

Stream International INC USA

and business related activities



Bioconsult SpA Italy

Other municipal

S International GmbH Germany

and individual activities

Group 4 Falck A/S Denmark



*Mierzyn – Zachodniopomorskie Province

Source: PAIiIZ 31 July 2007









16

Capital expenditures

The level of capital expenditures in 2006 made by companies with

their headquarters in Szczecin amounted to more than PLN 1.4

billion. The greatest capital investments were made by companies

dealing in property management, rental activities, science as well as

the production and supply of energy.



Latest research has shown that the level of business activity among

the residents of the Zachodniopomorskie Province is the highest in

the country with 123 companies per 1,000 inhabitants. The greatest

number of medium and large companies found in the region (3,636)

are located in Szczecin.









Capital expenditures of entities* with headquarters in Szczecin in the

years 2002–2006 according to PKD [PLN ‘000]



Companies according to PKD 2002 2003 2004 2005 2006

Agriculture, hunting, forestry 16 915 4 851 769 1 371 2 123

Mining 592 33 3 632 1 968 7 316

Industrial processing 178 535 151 234 488 206 178 667 220 566

Energy production and supply 58 420 25 773 84 235 158 786 235 163

Construction 40 716 16 354 13 634 30 881 59 971

Wholesale and retail trade, repairs 176 869 43 126 98 017 97 499 99 194

Hotels and restaurants 2 988 2 289 5 368 5 217 2 365

Transport, warehouse management

79 595 76 058 73 472 65 200 146 554

and communications

Financial brokerage 2 626 2 361 2 405 2 647 1 528

Property management, rent, science 88 342 111 441 152 391 217 434 260 581

Public administration and national defence 218 260 79 276 469 518 865 062 221 382

Education 30 309 4 646 30 144 38 192 102 367

Healthcare and social assistance 54 258 30 419 62 277 65 517 55 212

Other municipal services activities 15 484 11 077 6 755 7 077 34 141

Overall 1 254 803 919 904 1 490 823 1 744 947 1 448 463

*entities employing nine or more employees.

Source: Statistical Office in Szczecin

Breakdown of business

entities in Szczecin

Private sector in 2006

2 814 2229

5 383

sole trader

businesses Public sector

5 377

cooperatives (248) Private sector



48 420 commercial 62364

companies



civil partnerships



foundations (122)



others

SZCZECIN

is open

17 for development

Larger commercial investments

Completed

• West Pomerania Logistics Centre in Szczecin-Świnoujście Port

Complex



• Ostrów Grabowski terminal



• “Stara Cegielnia” Shopping Centre

(Caelum Development)



• Commercial-residential buildings

(MODEHPOLMO Sp. z o.o.)



• Apartment complex

(SGI Komfort Sp. z o.o., SGI BALTIS/SGI Komfort, Detal, Komat)



• Housing settlements

(TOMASZEWICZ DEVELOPMENT Sp. z o.o., COLISEUM 2101 Sp. z o.o., VASTBOUW



Polska Sp. z o.o., MAK DOM Grupa Developerska, SIEMASZKO, STATUS DOM Sp. z o.o.)



• 18-storey WIDOK commercial-residential building –

Skarbiec Nieruchomości 6





Proposed

• Kaskada Shopping and Retail Centre

(ECE)



• Shopping centre

(CR Sp. z o.o.)



• “Turzyn” Shopping Centre

(TURZYN Sp. z o.o.)



• Logistics centre

(Poczta Polska)



• Housing developments

,

(ORCO PROPERTY GROUP TOMASZEWICZ Development Sp. z o.o.)



• Apartment buildings

(RONSON Development Group, MODEHPOLMO Sp. z o.o.)



• Residential estates

(SIEMASZKO)



• Development of the Śródodra area

(Howard Holdings PLC, Genfer Homes Sp. z o.o.)



• Development of Dąbie Airport and Marina



• Office buildings

(J.W. Construction, EKO PARK S.A., „Projekt Echo – 65” Sp. z o.o., Polish Opportunities



Fund Sp. z o.o., Harmony – Szczecin – Mieszka Sp. z o.o., KONCEPTA Sp. z o.o.)









18 na rozwój

Hotel market Other accommodation options in Szczecin

include: hotel, boarding houses, youth

There are more than 5,200 beds in Szczecin’s hotels, boarding houses

hostels, cabins, camping sites and other

and hostels, with approximately 3,700 available in 19 hotels offering

vacation facilities.

a range of accommodation services.

In 2006, more than 15% of Poles and more

than 40% of foreign tourists using the



General data regarding accommodation in Szczecin in 2004-2006 accommodation facilities available in the

Zachodniopomorskie Province stayed in

Lodging base 2004 2005 2006

Szczecin. The majority of foreign tourists



Accommodation overall 46 44 43 staying in Szczecin were from Germany,

Beds 5 304 5 235 5 205 Denmark and Sweden.

Number of users 347 500 368 100 352 400

Prices in 4-star hotels such as the Radisson

Number of foreign tourists 191 800 206 300 175 100

Amount of lodging provided SAS and Park Hotel range from PLN 300 to

in general 590 100 636 300 630 800 PLN 600 per night. Lower–standard hotels,

Amount of lodging provided

i.e. 3-star hotels, cost between PLN 240 and

to foreign tourists 322 700 358 700 320 800

PLN 300 per night, whereas 2-star hotels

Of which: range from PLN 100 to PLN 200 per night.



Hotels 17 16 17

Beds 2 881 3 025 2 977 A number of well-known hotel chains have

Amount of lodging provided 422 200 481 400 483 200

capitalised on Szczecin’s fast growth potential:



Other hotel buildings 14 13 13 • REZIDOR (RADISSON SAS),

Beds 764 626 616

Amount of lodging provided 85 100 80 500 60 000

• ORBIS/ACCOR

(IBIS, NOVOTEL, ETAP, MERCURE),

Youth hostels 4 4 4 • LOUVRE HOTELS (CAMPANILE).

Beds 264 254 264

Amount of lodging provided 21 800 24 100 26 900

Szczecin hotel categories in 2007

Generally available cabins 1 1 1

Beds 38 54 66

Amount of lodging provided 2 500 5 900 7 500

4-star hotels

Camp sites 23.2%

Amount of lodging provided 5 500 8 100 7 700 38.1% 3-star hotels



Others 9 9 7 22.8% 2-star hotels

Beds 1 107 1 026 1 132

Amount of lodging provided 33 000 36 400 45 400 15.9% 1-star hotels

Source: Central Statistical Office Source: Sports and Tourism Office of the Szczecin City Council





4-star hotels: Park, Radisson SAS, Atrium

(jointly 866 beds)

3-star hotels: Neptun, Novotel, Bończa,

Panorama, Zbyszko, Julian,

Rycerski, Victoria (jointly 1,423 beds)

2-star hotels: Campanile, Ibis,

Podzamcze, Focus

(jointly 595 beds)

1-star hotels: Etap, Kapitan, Płonia, Jantar

(jointly 851 beds))









SZCZECIN

Hotel Radisson SAS**** at ul. Matejki-Al. Wyzwolenia

is open

19 for development

Commercial and services market

According to the Central Statistical Office, at the end of 2006, Szczecin

was home to approximately 820 shops with an aggregate surface area of

ca. 260,000 square metres.



Existing shopping centres have a strong market position due to limited

competition and strong demand. The most popular shopping centres in

Szczecin are the GALAXY Shopping Centre at Al. Wyzwolenia, the STER

Shopping and Retail Centre at ul. Ku Słońca, the CARREFOUR SZCZECIN

TURZYN Shopping and Retail Centre at Al. Bohaterów Warszawy, the

CARREFOUR SZCZECIN GUMIEŃCE Shopping and Retail Centre, the

CARREFOUR SZCZECIN GRYF Shopping and Retail Centre at ul. Struga,

CARREFOUR TURZYN Shopping the KUPIEC Shopping Centre at ul. B. Krzywoustego, GALERIA CENTRUM

Centre at Al. Bohaterów Warszawy at Al. Niepodległości, 3 CASTORAMA DIY shops, and the LEROY MERLIN

decorative and DIY store at ul. Golisza.









Shops and petrol stations Characteristics of the commercial and retail space market in Szczecin

– 2006

2004 2005 2006

7.3%

Overall number of shops 770 851 822



20.2% Sales surface area in total

227 942 239 239 257 126

(m2)

2.8%

10.3% Number of stores with a

46.8% sales surface area in excess 21 20 21

of 2,000 m2

6.7%

1.6% Sales surface area in

4.3% 106 406 100 600 111 239

excess of 2,000 m2

Source: Statistical Office in Szczecin

grocery shops



chemist’s



clothing



furniture, lighting,

electronics, household

appliances



bookshops, office

supplies



automotive



other shops



petrol stations



Source: Statistical Office in Szczecin









GALAXY Shopping Centre at Al. Wyzwolenia









20

Investments planned on the commercial and services market

include GALERIA KASKADA in the vicinity of ul. Obrońców

Stalingradu and Al. Niepodległości, TURZYN Shopping Centre

in the vicinity of Al. Bohaterów Warszawy and ul. 26 Kwietnia,

GALERIA HANDLOWA in the vicinity of ul. Wyszyńskiego and Al.

Niepodległości, the STARA CEGIELNIA Shopping Centre at ul.

Przyjaciół Żołnierza.



Rental fees for commercial and service areas vary depending on

the location and range from EUR 17 to 45/square metre/month.



The shopping centres operating in Szczecin have had an impact on

the shaping of pedestrian and vehicle traffic lanes in the city centre. The proposed GALERIA KASKADA

at ul. Św. Wojciecha, Bogurodzicy,

The existing and planned shopping centres form a route along which

Obrońców Stalingradu

clients travel in the vicinity of Al. Wyzwolenia, Al. Niepodległości, and Al. Niepodległości.

ul. Krzywoustego and as far as Turzyn.



At present, plans for the creation of a Commercial Route in the city

centre are being developed.







Planned Commercial Route in Szczecin









The proposed GALERIA HANDLOWA

at Al. Niepodległości

and ul. Wyszyńskiego









The proposed STARA CEGIELNIA

Shopping centres Shopping Centre

(existing or proposed) at ul. Przyjaciół Żołnierza



office service centres

(existing or proposed)









The Commercial Route in downtown Szczecin, stretching from

ul. 3 Maja to ul. Odzieżowa, will assist the development of new

commercial and services infrastructure in the city centre and

improve the quality of life of the inhabitants and encourage tourism.

It will also increase safety and enhance the appeal of the Route and

its immediate surroundings.



SZCZECIN

is open

21 for development

Housing market

There has been recent intensive development of the

Szczecin housing market, including increased interest

from local, domestic and foreign investors.



282 building permits for the construction of houses and

apartment buildings were issued in 2006, whereas 171

were issued during the first half of 2007.





Number of building permits issued in 2005, 2006

and the 1st half 2007

Occupancy permits

issued for apartments 1st half

Details 2005 2006

in 2006 by investor type 2007



Houses



Number of building permits 248 236 147

40.9% Aggregate usable surface area (m2) 42 316 56 823 41 908

30.9%

Apartment buildings

28.2% Number of building permits 42 46 24



Aggregate usable surface area (m2) 103 684 147 421 89 998

Designated for resale Number of flats 1 820 2 108 1 345

or rent

Source: Building Administration and Urban Development Department of Szczecin City Council

Individual

The number of occupancy permits issued for apartments increased significantly

Housing cooperative

in 2006. Szczecin residents are interested in purchasing apartments with

Source: Statistical Office in Szczecin

increasingly larger surface areas. Occupancy permits for 923 apartments,

with a total a usable surface area of 88 012 sq. m., were issued in 2006,

whereas 1,842 occupancy permits for apartments with a total usable surface

area of 147,411 sq. m., were issued by November 2007.





Number of occupancy permits for apartments issued in 2005, 2006

and up to November 2007



November

Szczecin 2005 2006

2007



Total number of occupancy permits

1 571 923 1842

for apartments issued



Aggregate usable surface area of

apartments for which occupancy 129 176 88 012 147 441

permits were issued

Source: District Building Supervision Inspectorate in Szczecin





In 2006, 40.9% of apartments were designated for resale or rent. Housing

cooperative apartments amounted to 30.9%, with 28.2% for individual

investors.









22

Due to the limited resources of land available for housing in the centre of

Szczecin, investors are becoming interested in locations beyond the city

centre, i.e., the northern districts, and the western areas of Bezrzecze, MODEHPOLMO residential building

Osowo. located at ul. Partyzantów



The northern part of Szczecin is becoming an attractive district. Prices in

this part of town are approximately PLN 330 (excl. VAT) per sq. m. for

land designated for multi-family housing and PLN 160 (excl. VAT) for

land for single family housing.



The prices of apartments on the primary market are approximately

PLN 4,500 to PLN 6,000 per sq. m., depending on the location and

the finish. Compared to the beginning of 2006, housing prices on the

primary market have increased by approximately 70%.



Newly-built housing developments include MODEHPOLMO, Tomaszewicz

Development and SGI KOMFORT-Park Pogodno.



Developers active on the Szczecin market include MODEHPOLMO,

TOMASZEWICZ DEVELOPMENT, SKARBIEC NIERUCHOMOŚCI 6, SGI

Komfort, MAK DOM, Coliseum, STATUS DOM, VASTBOUW, GENFER 18-storey Skarbiec Nieruchomości 6,

HOMES, FORAS INVEST, GRYF Developer, ORCO PROPERTY GROUP. a high-rise building currently under

construction at ul. Bandurskiego









Planned Tomaszewicz Development

housing complex planned

for ul. Policka/Szosa Polska









Tomaszewicz Development houses located at ul. Policka









SZCZECIN

is open

23 for development

Quality of life





A city of art and culture

The city’s refined cultural life is an important addition to its investment

climate. The wide range of arts on offer in various city institutions,

organisations and cultural societies satisfy a great variety of people.

Monuments, museums, galleries and a wide selection of cinemas which

includes “Pionier”, the oldest cinema in the world, attract people with their

uniqueness and are a testimony to the city’s attractiveness.



Music and theatre form a very important part of Szczecin’s cultural life.

Numerous concerts and plays are organised by various musical institutions,

the most important ones being: the Szczecin Philharmonic, the Castle Opera

[Opera na Zamku] as well as numerous theatres throughout the city. Also

very popular are: the International “Jazz Efforts” Festival [Międzynarodowe

Zmagania Jazzowe], the “Euro-dance” International Dance Festival, the

“Street Artists Festival” as well as the Polish Modern Art Festival.







Entertainment

The city offers more than 5,200 beds, which includes hotels ranging from

luxury to budget. Each year, almost 650,000 tourists come to Szczecin

looking not only for history, beautiful music and art, but also just to have

a good time. Currently, more than 170 pubs, restaurants, clubs and discos,

offering entertainment at the highest European standards, operate in the

city and attract people due to their unique locations, for example on ships,

terraces, among fountains... The wide variety of food available allows

people to not only try out Japanese, Iranian, Chinese, Greek or Indian

cuisine, but above all, to indulge in local delicacies such as “Starka”,

the famous Szczecin beverage, or the one-of-a-kind paprykarz szczeciński

[canned fish and rice stew].







Shopping

The large shopping centres and stores owned by local people ensure that

the expectations of those preferring modern, glitzy shopping centres and

large supermarkets as well as those choosing small, traditional family

shops will be met when shopping in Szczecin.









www.turystyka.szczecin.pl

24

Active pastimes

The geography and nature of Szczecin contribute to the tremendous

development potential of the city and its environs and make it

a very attractive tourist destination. It is suited to active leisure

pursuits, from sailing and other water sports – the most popular

leisure activity due to the location of the city – to horseback riding

and cycling – and thanks to Szczecin’s Gubałówka, to skiing.

The beautiful Bi-nowo Park golf course located near Szczecin is an

excellent place to relax and a meeting place for golfers.







Healthcare

Szczecin offers modern, high-quality healthcare and beauty

services. Clinics and beauty salons equipped with state-of-the-

art technology and equipment offer dental treatment, plastic and

cosmetic surgery. Doctors’ knowledge of foreign languages as well

as the low-cost of medical and beauty treatments has resulted in

a new trend – medical and cosmetic services tourism. Szczecin has

become the favourite destination of tourists from, e.g. Germany,

Great Britain and Scandinavia, thus proving that it is great place

for relaxation and for the pursuit of beauty.







Safety

Statistically, Szczecin’s crime rate of the last few years has dropped,

whereas the level of crimes solved has increased. The improvement

in the city’s safety is mainly due to the following crime prevention

programmes carried out over the last few years: “Zero Tolerance

of Crime”, “Safer Together” or “Partners for Safety”. As a result

of these programmes, the perception of the Szczecin Police has

significantly improved.









www.turystyka.szczecin.pl









SZCZECIN

is open

25 for development

One stop shop





Investor services

• The City Council Development and Subsidies Department [Wydział

Rozwoju Miasta i Funduszy Pomocowych] is the first point of contact

for those interested in investing in Szczecin, and is responsible for, inter

alia:

– the drafting of investment proposals,

– promoting investor contacts,

– cooperating with the County Labour Office [Powiatowy Urząd Pracy],

business institutions and academic centres,

– providing information on the public assistance offered by the city.



• Szczecin is the first city in Poland in which a Business Services Centre

[Centrum Obsługi Przedsiębiorców] has been created – all formalities

associated with starting business activity can be taken care of in one

place.



• A regional Business Services Centre acting within the Provincial Speaker’s

Office [Urząd Marszałkowski] in Szczecin. It serves foreign businesses

interested in investing in the Zachodniopomorskie Province.



• The City Council participates in organising a number of training sessions,

seminars and conferences for businessmen. It also frequently acts as an

intermediary between local and foreign businessmen.









The city has stable financial policies as

regards the incurring of long-term debt.

Szczecin’s rating in respect to debt

servicing was rated as stable in 1998.

In 2007, Fitch Rating, one of the largest

and most renowned rating agencies in

the world, increased its rating for the

City of Szczecin to BBB positive. This

rating reflects the high standards of the

city’s financial management policies.









26

Public assistance

The City of Szczecin offers various types of public assistance to create

attractive conditions for investors and to assist in their development.

Such assistance is available to entrepreneurs starting or developing

business activities in Szczecin:

– Szczecin Regional Investment Assistance Programme in Property

Tax [Szczeciński Program Regionalnej Pomocy Inwestycyjnej w

Podatku od Nieruchomości]

– property tax exemption as part of de minimis employment

assistance.



• The guaranteeing of loans and credit facilities provided

to entrepreneurs:

– Fundusz Wspierania Rozwoju Gospodarczego Miasta Szczecina

Sp. z o.o. [Economic Development Support Fund of the City of

Szczecin Sp. z o.o.]

– Szczeciński Fundusz Pożyczkowy Sp. z o.o. [Szczecin Loan Fund

Sp. z o.o.].



• The support of innovative and implementation activities:

– Szczeciński Park Naukowo-Technologiczny Sp. z o.o. [Szczecin

Science and Technology Park Sp. z o.o.]

– Biuro Programów Międzynarodowych Politechniki Szczecińskiej

[Technical University of Szczecin International Programmes Office]

– Zachodniopomorskie Stowarzyszenie Rozwoju Gospodarczego

[West Pomerania Business Development Association]

– Szczecińskie Centrum Przedsiębiorczości [Szczecin Business Centre].



Types of public assistance available to companies planning

new investments in the region*



Type of assistance Value of assistance



Purchase of tangible and

intangible assets



CIT exemption in Special up to 60% of the value

Economic Zone of the investment depending

on size of company

Renewable energy sources



Property tax exemption



Subsidies for employee training up to 80% of the value

Subsidies for conducting R&D of the project depending

work on size of company



Refunding of costs of creating maximum approximately PLN

jobs 13,500 per person



Refunding of ZUS [Social Security

maximum approximately PLN



SZCZECIN

and Healthcare] premiums for

3,000 per person

new employees

*Certain forms of assistance are given on the basis of open competition



is open

Source: Ernst&Young, 22 January 2008









27 for development

Innovation centres

The fundamental factors that influence the competitiveness of a region and

its economic development are access to modern technologies and the abi-

lity of the region to absorb innovative technologies. The innovative com-

panies that transfer technology from the scientific sphere to the economy

and employ highly specialised workers are of fundamental importance to

a region’s development. Szczecin, as the largest city in the Zachodniopo-

morskie Province, forms also the heart of a region in which various entities

conduct and support innovative activities.





www.spnt.pl • Szczeciński Park Naukowo-Technologiczny Sp. z o.o.

[Szczecin Science and Technology Park Ltd.]

The Park is currently establishing an Innovation Centre, a Business

Incubator, a Computer Centre and an IT Training Centre. The project

should be completed by 2011.



Aims of SPNT activities:

– assisting in turning research and scientific work findings as well as

innovative projects into modern, competitive products attracting cu-

stomers,

– assisting in creating complex market products by groups of small and

medium-size companies from the region,

– helping to create new innovative companies, in particular ones set up

by university graduates,

– organising cooperation with foreign companies, including those from

the POMERANIA Euro-region,

– actively participating in securing European Union assistance funds

aimed at developing innovative products,

– innovative marketing and promotional activities related to regional

goods and companies,

– providing vocational training using European Union funds.



http://www.zczt.ps.pl

• Zachodniopomorskie Centrum Zaawansowanych Technologii

[West Pomerania Advanced Technology Centre]

It is a highly specialised consortium whose profile of activity, based on

available information, does not have a counterpart anywhere else in Eu-

rope. The Centre’s goal is integrating and intensifying inter-disciplinary

scientific and research activities, in particular research and develop-

ment as well as implementation.

Aims:

– cooperating with companies, business associations as well as social

and local government partners,

– creating new technologies and materials as well as techniques with

a market value (in particular for small and medium-size enterprises),

– introducing the findings of scientific and research work into social and

business practices.









28

• Clusters – Zielona Chemia [Green Chemistry] http://chemia.rsi.org.pl

The West Pomerania Chemical Cluster Society “Green Chemistry”

[Stowarzyszenie Zachodniopomorski Klaster Chemiczny “Zielona

Chemia”] was officially registered in September 2007 as part

of the “Creating a Regional Innovation System” [Tworzenie

Regionalnego Systemu Innowacji] project.

Its aims:

– integrating the region’s chemical sector activities,

– linking its activities to the activities of business-related

institutions and scientific and research centres located in the

region and in Europe,

– promoting new technologies and products,

– creating a formal institution responsible for supporting the

activities of companies found within the chemical cluster,

– promoting the activities, products and companies found and

participating in the cluster (joint presentations in regional and

European media),

– drawing funds available for research, development and

procurement of new technologies as well as the substantive

support of companies – members of the cluster,

– giving presentations to university students. The presentations

contain useful information on career planning and the needs of

the chemical sector labour market,

– student training and graduate apprenticeship programmes

together with subjects for dissertations in line with the

expectations of chemical sector entrepreneurs.





In addition to the well-established chemical cluster, the following

other clusters have also been created in the region:



– a woodwork-furniture cluster,



– a construction works cluster,



– a tourism cluster.





• Regionalne Centrum Innowacji i Transferu Technologii

[Regional Transfer of Technology and Innovation Centre]

In May 2007, the Zachodniopomorskie Provincial Speaker and

the Chancellor of the Technical University of Szczecin signed a

letter of intent regarding the creation of the Regional Transfer of

Technology and Innovation Centre. The goal of the Centre will

be to create an innovative and entrepreneurial culture as well

as to initiate and support cooperation between the academic

and business environment. Other aims will be to increase the

efficiency of processes of implementing innovative technologies

as well as initiating and streamlining the transfer of technologies

from the research and development sector to the economy. The

Centre is to be created in 2010.

SZCZECIN

is open

29 for development

Office market

By the end of 2007, approximately 80,000 m2 of office space was

available, while according to market analysts, a shortage of approximately

135,000 m2 existed.



The majority of office space available in Szczecin constitutes Class C

space, with approximately 26,000 m2 located on the left bank of the river.

Class B+ and B office space for rent constitutes approximately 40,000 m2

(PAZIM at Al. Wyzwolenia, Pentagon at pl. Sprzymierzonych and Centrum

Biznesowe MCX [MCX Business Centre] Sp. z o.o. at ul. Piotra Skargi).

Class A office buildings account for approximately 13,000 m2. MARIS

Office Centre, a modern Class A office building located in the centre of

MARIS Office Centre the city at pl. Hołdu Pruskiego, has approximately 4,600 m2 available

at ul. Hołdu Pruskiego

for rental.



The modern office space market in Szczecin is in the early stages of

development. The market is significantly smaller than in comparable cities

(Poznań and Lublin) when considering the population size of the city, its

close proximity to the German border as well as its economic significance

in the region due to its function as provincial capital. Analysts predict

a dynamic growth in modern office space in Szczecin due to the city’s

increasing logistical importance associated with its port and the growing

interest among domestic and foreign companies.







Office space in Szczecin according to class



PAZIM Office Centre

at Al. Wyzwolenia 26 300



22 400



18 000



13 100









Class

Source: Report prepared by Instytut Analiz, Diagnoz i Prognoz Gospodarczych [Analysis, Diagnosis

and Economic Forecasting Institute] on the basis of information obtained from the owners

and managers of office buildings in Szczecin, September 2007.







In the next few years, investors plan to carry out investments in office

buildings in Szczecin in which the usable surface area is estimated to

reach approximately 100,000 m2. The following companies, among others,

plan to build office buildings in Szczecin: ECHO INVESTMENT SA, J.W.

CONSTRUCTION HOLDING SA, EKO PARK SA, CENTRUM DEVELOPMENT

& INVESTMENTS – comprising companies previously found in DTC Real

Estate, KONCEPTA Sp. z o.o.



By the end of 2010, investors plan to bring approximately 100,000 m2 of

office space to the real estate market.









30

Office space in selected Polish cities (‘000 m2)



2 650









750





160 170 180 250

80 90







Source: Report prepared by Instytut Analiz, Diagnoz i Prognoz Gospodarczych [Analysis, Diagnosis

and Economic Forecasting Institute] and Colliers International Poland





The demand for office space is generated mainly by companies

operating in the city (banks, public sector companies and IT). In

many cases, offices are leased immediately when a new company

starts business activity or companies start business activities in new

locations due to the significantly lower rental costs as opposed to

buying office space.



Rent paid for office space in Szczecin varies depending on standard

and location: Classes A and B+, approximately PLN 70/m2; lower Proposed office building at ul. Malczewskiego

standards approximately PLN 20-30/m2.



The average monthly rent for office space by district is as follows:

Centrum (immediate centre) approximately PLN 63/m2, City Centre

– excluding immediate centre – approximately PLN 40/m2, Zachód

(West) approximately PLN 32/m2, Północ (North) approximately

PLN 29/m2.







Szczecin by districts







Północ Proposed office complex at ul. 1 Maja

Zachód (North)

(West)









City Centre





Right bank









SZCZECIN

is open

31 for development

PRZEJRZYSTA C E R T Y F I K AT

POLSKA PN - EN ISO 9001 : 2001









Fot.: M.Czasnojć, J.Undro, J.Strzyżewski, archiw. UM









Szczecin City Hall

pl. Armii Krajowej 1

70-456 Szczecin

tel. 0048 91 424 58 19

faks 0048 91 424 58 20

investor@um.szczecin.pl





www.szczecin.pl



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