Polish real estate investment volumes reached EUR 2.5 bn last year - the highest level since 2007, according to Jones Lang LaSalle. The transaction volumes across all sectors in 2011 marked a 28% increase year-on-year and over three and a half times the level recorded in 2009.
Polish real estate investment volumes reached EUR 2.5 bn last year - the highest level since 2007, according to Jones Lang LaSalle. The transaction volumes across all sectors in 2011 marked a 28% increase year-on-year and over three and a half times the level recorded in 2009.
The retail property segment saw the most action in 2011, according to JLL's capital markets bulletin on the Polish investment market in 2011. The adviser recorded EUR 1.2 bn of transactions, slightly ahead of offices (EUR 1.15 bn). The total office investment volume in 2011 was the highest since 2006.
The four largest office deals, involving the assets North Gate, Focus, Park Postêpu and Miasteczko, accounted for over 40% of the office volume. The acquisition of the Europolis portfolio by CA Immo also significantly boosted office investment volume. All but one office investment transactions closed in 2011 took place in Warsaw. The exception was Green Office in Kraków, acquired in December from Buma by Azora Europe.
Some EUR 100 mln of deals took place in the industrial segment, and EUR 76 mln of hotels.
