Agro Brusno to sell around 3,200 ha of agricultural land – EuropaProperty

Agro Brusno has signed a sale agreement regarding agricultural land totalling 3,200 ha located in several municipalities within the West Pomeranian voivodeship, near Połczyn-Zdrój. Both the buyer and the transaction’s value remain confidential. The sold land comprises a very well maintained and perfectly prepared area for various types of agricultural production as well as potential livestock breeding.

Experts from international company JLL advised Agro Brusno on the process of buyer selection as well as negotiation of sale conditions.

“This deal of 3,200 ha which constitutes 32,000,000 sqm, comparable to 4,500 soccer fields or almost the entire area of Mokotów district in Warsaw, is probably the largest transaction of agricultural land, excluding the Agricultural Property Agency sales,” said Daniel Puchalski, Head of Land Advisory Services at JLL.

This acquisition confirms the interest in large-space land plots in Poland which is in line with global trend.

“1st of May 2016 is fast approaching. This date is when citizens of states of the European Economic Area and Switzerland will be able to purchase agricultural land on the same principles as Polish citizens and without the formal approval from Polish Ministry of the Interior. As a result, we might expect an increase in interest in large plots of agricultural land from both Polish and foreign investors in the upcoming years. Nevertheless, it is worth noting that the Polish Senate is currently examining a proposed regulation regarding the agricultural system that includes new rules of restricting the transfer of these types of property. The proposed law passed by the Polish Parliament on the 25th of June is to supersede the current regulation regarding the shaping of the agricultural system, and introduce changes within other legal acts applicable to this part of the market,” added Daniel Puchalski.

The growing interest in agricultural land combined with the restricted supply of large agricultural plots can result in a further increase of prices in this market sector. Nevertheless, the prices will still remain lower compared to Western Europe and this will continue to result in growing activity among foreign investors searching for agricultural land in Poland.