Poland accounted for one third or €3.2 bn of the €10.5 bn in transactions concluded in Central and Eastern Europe last year, according to new research from Colliers International.
Poland accounted for one third or €3.2 bn of the €10.5 bn in transactions concluded in Central and Eastern Europe last year, according to new research from Colliers International.
In terms of number of transactions, the country accounted for over half (64) of the 120 deals recorded in the region.
The average value of a single transaction in Poland amounted to €50 mln, Colliers said. The value of 11 transactions exceeded €100 mln (including seven portfolio transactions).
‘Such a large number of transactions demonstrates the high liquidity of the Polish market. At the moment, it is the largest investment market in CEE,’ said Piotr Mirowski, director of CEE Investment Services at Colliers International.
Major buyers included Blackstone, Starwood, Segro, Prologis, Hillwood, WP Carey, Hines and Resolution. The largest investor was Deutsche Asset & Wealth Management (formerly RREEF), which acquired property in Poland for a total value of €500 mln, Mirowski added.
Colliers predicts that the value of investment transactions in 2015 will be similar to last year. Among the buyers, a further influx of capital is expected from the US as well as new investors from Canada, Australia, Korea, China and Singapore.
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