A mere 772 million euro - this is what the total volume of transactions completed in Q1 2019 on the domestic commercial property market came to. However, experts at BNP Paribas Real Estate Poland stress that the figure should not be seen as a cause for concern as the market is experiencing great interest from investors willing to invest in Poland’s commercial properties.
Compared to the mature markets of Western Europe, yields in Poland are considerably higher and there is good availability of top quality schemes. This is the reason why foreign investors consider Poland to be an extremely attractive market. The record-breaking transaction volume of more than 7.2 billion euro achieved last year might not be exceeded this year, however the positive investor outlook and the high number of acquisitions currently under negotiations allow us to be positive about the figures that we expect to achieve through the year. In particular when we take into account the increasing flow of investment capital from markets across East Asia (e.g. Singapore, South Korea, the Philippines , Malaysia) attracted by Poland’s stable economy, positive progressive growth forecasts and the relatively high level of liquidity of assets.
Piotr Krawczyński, Head of Capital Markets CEE, BNP Paribas Real Estate Poland