Manova Partners is further expanding its investment activities in Central and Eastern Europe (CEE) and is placing a particular strategic focus on the Polish real estate market. The international real estate investment manager currently manages a property portfolio in the region valued at more than €1.4 billion. Of this total, more than €800 million is invested in Poland, around €400 million in the Czech Republic and the remainder is split between Hungary and Romania. The company’s strategy focuses primarily on high-quality office and logistics properties in established metropolitan areas and fast-growing economic centres. In Poland in particular, Manova plans further acquisitions in the short- to medium-term.
More than two decades of investment experience in CEE
Manova Partners has been active in Central and Eastern Europe for more than two decades and was among the early international investment managers in the region. The company made its first investments in Poland as early as 2004 and steadily expanded its presence across several CEE markets in the years that followed.
Today, the portfolio in Poland comprises more than 600,000 sqm of office and logistics space across 19 properties. In the Czech Republic, the company holds around 125,000 sqm of office space across three properties in Prague.
“When we look at yield potential, market size and economic outlook together, Poland currently offers the most compelling opportunities in the CEE region,” says Katarina Horvathova, Head of Transactions CEE and Country Head Czech Republic at Manova Partners. “Particularly in the logistics sector and in high-quality office properties in central locations, we currently see very attractive investment opportunities.
“A key success factor of our strategy is our highly operational asset management approach. Our on-the-ground presence and close contact with tenants and local markets enable us to identify developments early and respond quickly. This is crucial in a dynamic real estate environment,” says Lukasz Pawikowski, Associate Director and Head of Asset Management CEE & Nordics at Manova Partners.
This approach has made a significant contribution to the portfolio’s stable performance: across the CEE region, Manova Partners currently achieves an occupancy rate of around 96%.
Poland as a key growth market
Poland benefits from robust economic growth, with GDP forecast to expand by around 3.5% in 2026 versus an EU average of roughly 1.4%, and Warsaw projected to be Europe’s fastest-growing city this year. Significant infrastructure investment, including record road delivery in 2025 and major new aviation and rail projects, is further strengthening the country’s logistics and connectivity profile. Demand for modern logistics and office space remains strong, with transaction volumes reaching €4.5 billion in 2025, making Poland a very attractive European destination for investor interest.
While Poland is currently at the centre of the investment strategy, Manova Partners remains active in other markets across the region. In addition to the Czech Republic, the company continues to monitor opportunities in countries such as Hungary, Romania and Slovakia and selectively evaluates new investments there.
Attractive prospects in a European comparison
Real estate investments in Central and Eastern Europe often offer higher entry yields coupled with competitive and available external financing. At the same time, economic fundamentals in many CEE countries have improved significantly in recent years.
Against this backdrop, Manova Partners continues to see the region as an important component of the European real estate allocation for institutional investors. Capital primarily comes from institutional investors, such as pension funds and insurance companies, seeking long-term and diversified investment opportunities.
