Over €4.4 billion transacted in Poland last year

10
Jan
2017
News - Over €4.4 billion transacted in Poland last year #investment #JLL #Poland #report

by Ákos Budai | Investment

According to JLL’s preliminary forecasts, the total volume of real estate deals on the Polish investment market in 2016 may amount to almost €4.4 billion. The real standout performer was the retail market which came in with nearly €2 billion, followed by the office segment with €1.7 billion and the industrial/logistics sector with nearly €0.5 billion.


“Real estate investment transactions in Poland concluded between 1st of January and 21st of December 2016 were worth €4.13 billion,” commented Tomasz Puch, Head of Office and Industrial Investment at JLL Poland. “The real standout performer was the retail market which came in with €1.95 billion, followed by the office segment with €1.71 billion and the industrial/logistics sector with €476 million. Poland’s real estate investment market in 2016 has already exceeded 2015's result with only pre-crisis 2006's record €5 billion bettering it-“

The largest real estate investment transactions in 2016 include the sale of a 75 percent stake in Echo’s €1.2 billion commercial real estate platform in Poland by Griffin, Pimco and Oaktree to Redefine, Bonarka City Center in Kraków (€361 million) by TriGranit (TPG) to Rockcastle, Gdański Business Center A&B in Warsaw (€186 million) by HB Reavis to Savills Investment Management, Focus Park shopping centers in Piotrków Trybunalski and Zielona Góra (€161 million) by Aviva Polish Retail Fund to Rockcastle and Galeria Warmińska (€150 million) in Olsztyn by Galeria Warmińska to Rockcastle.



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New leases

  • Revetas Capital has secured four lease transactions totalling 5,700 sqm of gross leasable area at the Bonarka for Business (B4B) office park in Kraków. The transactions include a new lease agreement with telematics firm Geotab, alongside three lease renewals. Geotab has taken up office space in Building E of the complex. Concurrently, KION renewed its commitment to 4,000 sqm of office space within the same building. The remaining two lease renewals were finalized for spaces in Buildings F and D. Cushman & Wakefield represented Geotab, and JLL advised KION on the deals.
  • Sirowa Poland has relocated its office in the revitalised mixed-use Centrum Praskie Koneser complex. The international distributor of cosmetic and pharmaceutical brands leased 958 sqm in Building P at the development, in a deal brokered by Savills.
  • International fashion retailer Primark has opened its fifth Romanian store, spanning 3,185 sqm, at ElectroPutere Mall in Craiova, marking its debut in the country's south-west region. The launch follows a €10 million investment.

New appointments

  • Katarína Brydone, Jana Vlková and Vendula Maršová have been appointed as the first Equity Partners of Colliers’ Czech business. Brydone brings more than 20 years of experience in international real estate. Vlková has more than 25 years of experience in commercial real estate. Maršová, Partner and Head of Valuation and Advisory Services, brings more than 16 years of experience in real estate valuation and advisory.
  • BNP Paribas Real Estate Poland has expanded its Industrial and Logistics Agency team with the appointments of Joanna Choromańska, formerly of JLL, and Bartosz Wilczyński, previously with CBRE. The new hires bring a combined 34 years of experience in sector sales, lease negotiations, and build-to-suit project delivery to support the division's ongoing growth.
  • Speedwell has expanded its industrial and logistics team with the appointment of Valentin Achim as Leasing and Property Manager for Industrial Developments. Achim brings extensive experience in coordinating commercial and operational activities within the logistics and industrial sectors. In his new role, he will oversee the development and expansion of the company's Spaceplus platform.


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