The domestic commercial property investment market closed last year with a record result in terms of transactions completed estimated at approx. 5.1 billion EUR, which represents YoY growth of 11%. The moving of completion of significant transactions to the beginning of this year did not have a negative impact on the result achieved. The last quarter proved to be particularly busy for investor, where transactions of the total value in excess of half of the volume reported in 2017 were finalized.
Retail sector in the lead. Increasing interest in logistics.
Last year investors directed their attention to regional centres and smaller cities, recognizing a number of opportunities for unlocking the potential of the retail properties there in the mid-term horizon. This is the reason for the transactions completed in Sieradz, Kalisz and Inowrocław, as well as those finalized in other, frequently smaller, cities
Piotr Goździewicz, Director, Capital Markets, Central and Eastern Europe
Strength in the regions
The most active players last year were those from Germany, the US, Great Britain and South Africa. However, Poland’s stable economic foundations, positive forecasts and a relatively high level of liquidity attract the attention of capital from the Middle East, China and Thailand. It is also worth noting that an 11% share in last year’s total investment volume was held by investors from the CEE region, where locating capital in Poland constitutes and element of a portfolio diversification strategy
Mateusz Skubiszewski, Director, Capital Markets, Central and Eastern Europe
Head of Marketing & PR, Central & Eastern Europe at BNP Paribas Real Estate Poland