In total, in the third quarter, Polish commercial real estate investors spent just over EUR 1.4 billion. Most of it was invested in logistics, warehousing, and industrial projects. Players from the United States were particularly active. The authors of the quarterly report by BNP Paribas Real Estate Poland indicate that the market already phases the yield rates decompression.
Recent months have brought significant changes to the investment market. New strategies have already emerged for new, difficult times. A positive signal for the future in the commercial sector is the comeback of transactions that involve larger retail assets. Soon, we expect the sale of the Matarnia centre in Gdańsk or Andrychów Park.
says Mateusz Skubiszewski, Head of Capital Markets at BNP Paribas Real Estate Poland.
The continuing uncertainty, dictated not only by the geopolitical situation but also by the worsening economic crisis, translates into lengthened decision-making processes and limited capital activity. Some investors, mainly from Western Europe, continue to work in a ‘wait-and-see mode’. A good sign is that investors from our region and Scandinavia are becoming more active, as they have brought in 18% of the capital invested in Polish properties since the beginning of the year. This undoubtedly stems from the fact they may be viewing the conflict in Eastern Europe from a somewhat different perspective.
says Marta Gorońska-Wiercioch, Associate Director from the Capital Markets Department, BNP Paribas Real Estate Poland.