Commercial real estate sales transaction value in 2012 in Poland reached 2,8 billion Euro, which is the highest from 2007. According to Cushman & Wakefield transactions in Poland represented three quarters of the whole Central & Eastern European market.
Company experts, cited in Rzeczpospolita (one of major Polish newspapers), stressed that Polish commercial real estate market was very stable and liquid that minimized the exit risk from the investment. 97,7% of all office transactions referred to Warsaw. Sales of The Warsaw Financial Center at 210 million Euro by Pramerica and CA Immo to Allianz and Tristan Capital Partners took the largest share.
Retail transactions included primarily major shopping and entertainment centers in prime locations. More than 60% of retail properties sales value came from purchase of Złote Tarasy in Warsaw by Unibail-Rodamco and Manufaktura in Łódź by Union Investment fund.
It is worthwhile to mention that not only office buildings and shopping centers were traded. Warehouses worth of 462 million Euro were traded in 2012, which represents 180% increase vs. 2011. 2 major warehouse developers in Poland – Prologis and Panattoni managed to sell majority of their newly completed and rented locations.
It is expected that high interest of investors in commercial real estate in Poland will also continue in 2013.