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Polish assets draw investors' attention

The full report

  • 2015 was another record year for the Polish investment market, with EUR 4.12 billion having been transacted in the commercial real estate sector outperforming the result from 2014 by 28%.
  • Unlike previous years, the retail sector dominated transactions during 2015, accounting for over 54% of the total value of all transactions. Retail investors were focused on assets located in the major agglomerations and cities with 100,000-200,000 inhabitants.
  • The office sector, with reported transactions of EUR 1.36 billion, accounted for 33% of the total investment volume. Property buyers were attracted mainly by the high-class schemes situated in major regional cities which have become favourable destinations for BPO/SSC occupiers.
  • Since 2012 the industrial sector has gradually been gaining importance, with record investment volumes reached in 2014. The past year has seen a slowdown in investments in this sector and, with EUR 467 million transacted, accounted for just 11% of the overall share of investment volume, down by 43% on the previous year. Portfolio assets are invariably preferred by most active purchasers.
  • Yields for prime retail assets in major cities compressed to 5%. This is clearly triggered by the increasing attractiveness of the retail sector for investors seeking to diversify their property portfolio. 
  • Prime office yields dropped slightly below 6% at the end of 2015 settling at 5.75%. Finally, prime yields for industrial properties dropped to 7%-7.5%.
Investment Market Update 2015