An estimated €5 billion already invested in Poland’s commercial real estate market – EuropaProperty

The total value of commercial real estate investment transactions in 2018 may hit €6 billion – the best ever result for the country’s market

Advisory firm JLL analyzes this year’s investment transactions conducted in the commercial real estate sector in Poland. The value of transactions over the past three quarters is comparable to 2017’s total.

“At the beginning of October, the total value of real estate investment transactions in Poland exceeded €5 billion. The retail sector, with €2.1 billion deals, continues to lead the pack. Over €2 billion was invested in the office segment while over €800 million in warehouse properties and almost €70 million in hotels. We believe that the total value of the transactions across all sectors in 2018 will amount to €6 billion – the highest result in the history of Poland’s commercial real estate investment market,” comments Agata Sekuła, Head of Retail Investment CEE, JLL.

The largest retail investment transaction concluded in 2018 was the sale of a portfolio of 28 retail properties by ARES/AXA/Apollo Rida to Chariot Top Group for a total amount of about €1 billion. EPP finalized the first phase of its acquisition of M1 shopping centers, buying properties in Czeladź, Kraków, Zabrze and Łódź for around €360 million. Meyer Bergman sold Galeria Krakowska to EPF for €300 million. In the office sector, HB Reavis sold Gdańsk Business Center II to EPF for over €200 million. The largest industrial transaction concluded in 2018 was the acquisition of nine Panattoni Europe logistics parks by Redefine/Griffin.