The first three months of the year were marked by a record breaking volume of transactions amounting to more than 2.1 billion euro. This really positive result achieved in Q1 means that there is undiminished interest from investors in commercial properties in Poland, which is a good sign for the entire 2018 that now looks to have the potential to beat last year’s record.
Data shows that investors continue to see the commercial property sector in an extremely positive light, and the transaction meter is running continually. The market is currently benefiting from the favourable economic conditions, while a solid foundation here is the fact that Poland is seen as a regional leader enjoying a stable economic situation. It should be pointed out here that attractive market niches are gaining in significance now, particularly that on the one hand, there is a considerable amount of capital present on the market, while on the other hand, the number of traditional properties that give investors the guarantee of predictable and attractive returns is limited
Mateusz Skubiszewski, Director, Capital Markets, CEE, BNP Paribas Real Estate Poland
Undiminished interest in logistics
The warehouse market is growing, and not only in terms of the key areas. The extremely good results achieved by the sector in Poland are continuously stimulated by the favourable conditions prevailing in the domestic economy, rapid e-commerce growth and the processes relating to the advancing globalization of the manufacture and retail industries. Furthermore, the developing road and transport infrastructure, e.g. completion of the New Silk Road and the deepwater container terminal in Gdańsk servicing the huge Asian cargo ships, are not without importance here. All of the above means that warehouse and logistics schemes are now attracting considerable interest. We are expecting to see stable demand for schemes generating regular and predictable returns over the next quarters
John Palmer, Director, Industrial Investments & Valuation, CEE, BNP Paribas Real Estate Poland
Offices – Warsaw, as well as the regions
The potential of the sector is still large. Numerous office schemes of high standard of quality have been delivered to the market over the past 24 months, and the market is seeing an increasing number of schemes where the office function is mixed with retail, hotel and residential functions. This hypothesis is corroborated by the growing demand for office schemes, and also hotel schemes, from Asian and Middle Eastern capital complementing the active capital from Europe and the USA
Piotr Goździewicz, PhD, Director, Capital Markets, BNP Paribas Real Estate Poland
Different types of schemes wanted
Origin of the capital
Polski rynek staje się coraz bardziej atrakcyjny dla graczy z Dalekiego Wschodu, czego dowodem jest zakup przez malezyjski fundusz emerytalny jednego z najważniejszych kompleksów handlowo-rozrywkowych na Górnym Śląsku. Warto również podkreślić obserwowany od kilkunastu miesięcy dość istotny udział w wolumenie inwestycyjnym wypracowywany przez inwestorów z regionu Europy Środkowo-Wschodniej, dla których lokowanie kapitału nad Wisłą jest elementem strategii dywersyfikacji portfela.
Mateusz Skubiszewski, Dyrektor, Rynki Kapitałowe CEE, BNP Paribas Real Estate Poland
Head of Marketing & PR CEE at BNP Paribas Real Estate Poland