The Polish CBRE Capital Markets Team has gained a market in excess of 50 percent having transacted €1.5 billion out of a total investment volume of €3.1 billion. In addition, the team advised on four of five largest investment transactions in 2014.
Large Warsaw office acquisitions dominated the Investment market landscape accounting for 37 percent of total investment volume and the CBRE team advised on the key transactions in the market including: the acquisitions of Rondo 1 and Metropolitan office buildings by Deutsche Asset Wealth Management, the disposal of the mixed use complex Plac Unii, the acquisition of Poznan City Center shopping centre on behalf of Resolution/ECE as well as the acquisition of Ghelamco’s office portfolio for Starwood Capital.
Mike Atwell, Head of Capital Markets CEE at CBRE commented: “2014 has been one of our busiest years on record at CBRE’s Polish Capital Markets team. Being involved in the largest transactions in the market certainly confirms our position as the leading agent but we also transacted a record number of deals with over 20 assets either acquired or sold on behalf of clients.”
He continued: “This depth and breadth of experience within the team across all sectors enables us to provide our clients with the highest level of service, adding real value to each transaction. We advise our clients throughout the entire acquisition or disposal process paying particular attention to the smallest of details. We have developed significant experience in structuring demanding and complex transactions, and as a result we can better assist clients with their investment transactions, delivering an optimal result each time.”
Poland has been a leader in terms of the volume of commercial real estate investments in Central and Eastern Europe for several years. According to the report “Poland Investment MarketView Q4 2014” transactions recorded in 2014 amounted to the value of €3.1 billion. The Polish market is the first choice for foreign investors, largely due to the stability of the economic situation, high education levels of the labour force and the country’s prominent location in Central Europe.