by Property Forum | Report

The total value of investment transactions in the Polish real estate market for the first quarter was nearly €1.8 billion, which is the second-highest result on record for the first three months of the year. JLL analyses the investment transactions concluded in Q1 2020 in Poland’s commercial real estate sector.

“According to JLL data, the total value of investment transactions was almost €1.8 billion, the second-best result recorded for a first quarter in the Polish real estate sector. Such an excellent result was possible due to high investor activity in the industrial market, which had transactions of over €one billion, as well as the office market, which saw properties worth almost €620 million change hands. This means that both segments recorded their best-ever start to a year. In addition, the value of transactions in the industrial market was higher than any year-round result achieved prior to 2018”, comments Tomasz Puch, Head of Office and Industrial Investment AT JLL.

The value of transactions in the retail segment totalled approx. €110 million, with the residential segment coming in with over €40 million. The largest investment deals in Poland’s real estate market included: the portfolio sale of five Panattoni properties to Savills Investment Management (€188 million), Hines distribution parks to CGL (€140 million) and the High5ive office building by Skanska to Credit Suisse for an undisclosed amount.

JLL participated in transactions which accounted for half of the capital invested in real estate in Q1 2020. The company's experts advised on a number of transactions including the purchase of Equator I (from Immofinanz) and II (from Karimpol Polska) office buildings by CPI Property Group, the sales of Marynarska Business Park in Warsaw (by Heitman to Benson Elliot), High5ive II in Kraków (from Skanska to Credit Suisse) and the purchase by GIC Private Ltd a portfolio of six logistics properties from funds managed by the Apollo Global Management group.

The value of investment transactions concluded with the participation of JLL advisors totalled almost €850 million.