Poland saw investment transactions hit €4 bn in 2015, the second-best result ever recorded and a 30% increase year-on-year, according to new research published by BNP Paribas Real Estate.
Poland saw investment transactions hit €4 bn in 2015, the second-best result ever recorded and a 30% increase year-on-year, according to new research published by BNP Paribas Real Estate.
Retail was the most sought-after sector, accounting for 55% of all deals closed.
Office came in at second place with a 33% market share. Interestingly, the share of the office market in Warsaw was similar to the one recorded in the regional cities – namely Kraków, Tri-City, Wroclaw and Lódz, whereas in previous years Warsaw was an undisputed leader when it came to capital invested in this sector.
Prime yields for the best properties in all types of asset classes, including office, retail and logistics were in the range of 5.50-5.75% at year-end, after undergoing a 0.25-0.50 bps compression over the last quarters.
'The majority of capital flowing into the Polish real estate market came from the US and Germany, accounting for 29% and 23% market share,' said Anna Staniszewska, director of research and consulting at BNP Paribas Real Estate Poland. 'Interestingly, the third place belonged to Polish investors, responsible for 13% of transaction volume.'
