In 2024, Central and Eastern European countries experienced a resurgence in investment activity, with most markets showing significant increases in volume compared to 2023. Poland and the Czech Republic saw renewed investor engagement and increased capital allocation, while Hungary, despite having its lowest annual volume since 2015, showed signs of recovery in Q4. Romania and Slovakia also demonstrated strong growth, with Romania's investment volume up 47% year-over-year and Slovakia's nearly tripling in the second half of 2024. Across the region, there was a mix of domestic and international investor participation, with sectors like retail and industrial performing particularly well. JLL experts, in cooperation with iO Partners, present an analysis of the trends observed in the investment market in Poland in comparison to the countries of the CEE region.

Trinity Bank's real estate fund has purchased the Pankrác House office building in Prague from CPI Europe group, reports newstream.cz.

According to data from Cushman & Wakefield, Poland’s commercial property investment volume hit approximately €5 billion in 2024, marking a strong rebound of around 140% year-on-year. Additionally, Polish capital significantly increased its share of investment activity, with transactions totalling €444 million last year - an almost threefold rise from 2023. However, for this momentum to continue, systemic solutions such as the adoption of the long-awaited REIT legislation are necessary. If implemented, these measures would help prevent a potential outflow of Polish investors from the real estate market, especially when yields begin to harden. 

CPI Europe has announced the sale of several properties in Vienna and Prague as part of a strategic portfolio optimization initiative.

P3 Group S.à r.l recorded a 17% increase in NOI to €493 million (2023: €423 million), attributed to portfolio expansion and increasing rent levels. On a like-for-like basis, NOI rose by 5%, driven by lease indexation and strong re-leasing spreads, with new effective rents averaging 21% higher when compared to prior leases on the same space. An enhanced EBITDA margin of 85% was achieved.

CA Immo has successfully completed the sale of the Bitwy Warszawskiej office building in Warsaw. The buyer is Polski Związek Pilki Nożnej (Polish Footbal Association). 

LCP Properties is strengthening its collaboration with Refield. This partnership was confirmed with the announcement of the project's acquisition in Zwoleń (eastern Poland) on the day of its official opening. The sale agreement was based on a model in which Refield was responsible for both the construction and commercialization of the property. Pasaż Zwoleński, now officially opened as M Park Zwoleń, offers nearly 5,000 sqm of GLA with eight tenants. The project boasts a 100% occupancy rate. The value of the transaction has not been disclosed. 

Mitiska REIM has successfully closed its Merep 3 fund, exceeding its initial target by raising €310 million, which will give it a total investment power of up to €1 billion.

GTC has announced financing extension for Galeria Jurajska shopping centre in Częstochowa (southern Poland). The amended credit agreement extends the loan maturity by 5 years, with a remaining balance of €100.65 million. The financing is provided by Erste Group Bank AG and Raiffeisenlandesbank Niederösterreich-Wien AG.

According to the latest report by BNP Paribas Real Estate, Poland’s commercial property market posted impressive gains in the final quarter of 2024, with last year’s total transaction volume rising more than twofold compared with 2023. Despite geopolitical risks, the market outlook remains positive.