Poland's property investment market recorded €1.02 billion in Q1 2026, representing a 43% year-on-year increase despite 30% lower liquidity, according to Avison Young.
The industrial sector led activity with 44% of total transaction volume at €447 million across nine deals. Two major transactions involved US capital acquiring large logistics portfolios, including the Raben Group sale and leaseback deal and Panattoni BSH in Rzeszów. "The pricing consensus between buyers and sellers is becoming more common, reflected in the recovery in investment activity, primarily driven by foreign capital inflows," comments Bartłomiej Krzyżak, Senior Director, Investment at Avison Young.
Retail investment totalled €318 million across ten transactions, with the largest portfolio deal representing 60% of sector volume. The major transaction involved Ceetrus divesting eight Auchan shopping centres, while Auchan completed a sale and leaseback deal with Hungarian Adventum Group. Trei Real Estate also completed the final divestment of seven properties from its 36-asset portfolio to Ares & Slate Asset Management.
The office sector recorded €245 million in investment volume across eight deals, with three prime transactions completed. Notable deals included Lixa D in Warsaw acquired by a Swiss family office, and Royal Wilanów purchased by Wood & Company for over €100 million. Although five of eight transactions occurred in regional markets, their combined volume represented only 25% of the total.
Poland continues attracting investors due to its G20 economy status, solid economic growth and predictable legislative environment. Western investors, particularly from France, show strong interest, while domestic capital remains active across all sectors. However, ongoing Middle East uncertainty and potential oil price rises could trigger inflationary pressure and impact interest rates.
