In 2017, a global real estate services firm Cushman & Wakefield closed transactions accounting for more than 50% of the overall investment volume in Poland.
In Poland, Cushman & Wakefield transacted nearly EUR 2.5bn, accounting for 52% of the overall recorded investment volume. The largest transaction brokered by Cushman & Wakefield on the Polish market last year was the acquisition of the Magnolia Park shopping centre in Wrocław for nearly EUR 380m. The shopping centre offers approximately 100,000 sq m, making it one of the biggest in the region. Magnolia Park is home to 241 stores and attracts a footfall of almost 11 million visitors a year.
On the industrial market Cushman & Wakefield brokered Logicor’s acquisition by China Investment Corporation (CIC). Logicor is a leading owner and operator of modern logistics and distribution facilities in Europe. It owns 900,000 sq m of space in 28 warehouses across Poland.
“Last year witnessed a very strong investor activity on the investment market with Cushman & Wakefield involved in some of the largest deals, which is reflected in our annual performance and top place in the ranking. I have the pleasure of heading the best capital markets advisors team in CE. We always aim at the quality of our services and we’re known for excelling at sourcing new capital for the benefit of our clients,” said James Chapman, International Partner, Capital Markets, Cushman & Wakefield, who last year was named the Investment Broker of the Year at the 7th CEE Investment & Green Building Awards organized by EuropaProperty.com
Largest transactions in 2017:
- CIC’s acquisition of Logicor’s warehouse portfolio, which was the largest industrial transaction in Poland in 2017 (Cushman & Wakefield advised the buyer)
- Union Investment’s acquisition of the Magnolia Park shopping centre in Wrocław for approximately EUR 380m, the largest retail transaction in Poland in 2017 (Cushman & Wakefield advised the buyer)
- Disposal of IKEA’s retail park portfolio (Cushman & Wakefield advised the vendor)
- RREEF’s acquisition of a portfolio of Fashion House outlet centres (Cushman & Wakefield advised the buyer)
- Reico’s acquisition of the Galeria Słoneczna shopping centre in Radom for approximately EUR 160m, the second largest single asset transaction on the Polish retail market in 2017 (Cushman & Wakefield advised the buyer)
- Disposal of a portfolio of 11 retail properties in the Czech Republic, Poland, Romania and Hungary by CBRE Global Investors for approximately EUR 650m (Cushman & Wakefield advised the vendor)