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.



New leases

  • UDH, one of Poland’s largest distributors of premium imported beers, has leased approximately 1,400 sq m of modern warehouse and office space at the Park Rysy Kraków distribution centre. The tenant, which has chosen to expand its operations in southern Poland, was once again represented by AXI IMMO.
  • Golden Star Estate has secured a long-term lease agreement with global technology solutions and consulting provider C&F for nearly 1,900 sqm of office space at the Konstruktorska Business Center. Following the transaction, the property, located in Warsaw’s Mokotów business district, is now almost fully leased. The Polish branch of C&F will officially relocate to the facility at the beginning of 2027.
  • Natland Group has committed to its long-term presence at Prague-based Rohan Business Center through a lease extension covering 2,004 sqm of office space, together with storage facilities and dedicated parking spaces, in a deal brokered by iO Partners.

New appointments

  • Indotek Group has announced the appointment of Diederik Bakker as Group Chief Investment Officer and Group Head of Asset Management. In his new role, the Dutch real estate investment professional will gradually assume responsibility for the company's ITAM (investment, transaction, and asset management) activities across 12 European countries, supporting the next phase of Indotek Group’s growth. His focus includes facilitating sound investment decisions across Europe and developing a group-level portfolio management strategy that combines local market knowledge with international asset management know-how.
  • Peakside Capital Advisors has appointed Bogi Gabrovic to advise the board and support its investment and acquisition activities in Poland. Gabrovic brings more than 25 years of CEE real estate experience to the role, having previously held senior executive positions at CTP, Golub & Company, and White Star Real Estate, where she managed transactions exceeding €2 billion.
  • 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.

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