PMR Online access    |   tel. +48 12 340 51 00    |   E-mail: info@pmrcorporate.com
 


 

Investments in commercial property in Poland up by 131% y-o-y in Q1


2011-05-12



Foreign real estate funds invested €618m in commercial property assets in Poland in the first quarter of 2011, more than twice the figure in the same period a year ago, according to data collected by property consultants Cushman & Wakefield (C&W), obtained by Rzeczpospolita. By way of comparison, in the European market as a whole new transactions were up by 45% y-o-y in Q1.

Office assets generated particular interest, accounting for 80% of all transactions completed in Poland in Q1. Investment activity was strongly concentrated in Warsaw, due to a combination of greater supply of attractive space and lower risk compared with other cities.

There are indications that activity may pick up further in the remainder of the year: several major office transactions are said to be in the works, worth over €100m.

In the words of C&W’s Lukasz Lorencki, the Polish market for commercial property has weathered the crisis better than any other country in Central and Eastern Europe, which explains its greater appeal for investors relative to other countries in the region. His views were echoed by Joanna Kowalska-Szymczak, head of investment advisory at DTZ, another property consultancy, who said factors such as strong macroeconomic performance, forecasts of rent increases and relatively high liquidity of its property market made Warsaw a more attractive market than other regional capitals.



Browse and search in our archive »


subscribe to PMR RSS NEWS channelsSubscribe to PMR RSS NEWS channels »




Free monthly e-letter containing latest news, analyses and business information on economic situation in Poland, Russia, Bulgaria, Czech Republic, Hungary, Romania, Slovakia, Ukraine, Kazakhstan.
Relevant news
 

Useful links         Privacy Policy
Copyright © 2018 PMR. All rights reserved.

PMR is a British-American company providing market information, advice and services to international businesses interested in Central and Eastern Europe as well as other emerging markets. PMR key areas of operation include business publications (through PMR Publications), consultancy (through PMR Consulting) and market research (through PMR Research). With over fourteen years of experience, high international standards in projects and publications, highly skilled multilingual staff and a wide network of co-operating research companies and market experts, PMR is one of the largest companies of its type in the region.