ARTICLES LABELLED WITH TAG Avison Young

After Q1 2024, which saw the weakest transaction volume in years (€364 million), Polish capital led the way in commercial property investments, accounting for 25% of the total volume. Notably, the volume of investments by Polish capital in the first half of the year was double that of the previous year. For reference, the average share of Polish capital in the market from 2018 to 2022 was just around 2%, says Artur Czuba, Associate Director, Investment at Avison Young. 

At the end of the first half of 2024, the investment market rebounded, reaching a transaction volume of €1.8 billion, which is double the year-over-year value. In the office market, several transactions finally appeared in regional cities, and in the retail sector, the largest transaction since Q1 2022 was finalized. The warehouse sector, on the other hand, is still waiting for large transactions. Hotels are enjoying increased popularity, and in the residential segment, 5 transactions were closed in Warsaw, says Avison Young.

Avison Young is announcing the opening of a new business line - Industrial Agency. The new service will be built by a team of renowned market experts acquired from a competitive firm.

Real estate investor Unione Group has purchased two Interspar stand-alone units located in Nyíregyháza and Zalaegerszeg, leased and operated by SPAR since their delivery in 1999

Avison Young has announced a strategic affiliation agreement with Athens-based QRA Real Estate Advisors as part of an expansion push in Southeastern Europe (SEE).

We are approaching the halfway point of 2024. Before the semi-annual investment market reports are released, Avison Young is sharing the current insights on the Polish investment market. 

In 2024, the total investment volume in Poland amounted to €364 million, marking the weakest result for the first quarter in recent years. Interestingly, 25% of the invested capital comes from Polish investors. The warehouse sector remains the leader, accounting for 38% of the total investment volume. Unchanged, the vast majority of office transactions took place in Warsaw, while commercial investments were dominated by retail parks. Additionally, the market also saw two transactions in the residential sector in Warsaw, and two hotels were sold in seaside tourist cities, says Paulina Brzeszkiewicz-Kuczyńska, Research and Data Manager at Avison Young.

As development activity has slowed down, the focus is shifting to managing the existing stock across the whole commercial real estate market. Owners and other stakeholders have to adapt rapidly to serve changing demand from occupiers, said Benjamin Perez Ellischewitz MRICS, Principal at Avison Young in Hungary, while answering Property Forum’s questions at Mipim in Cannes.

The retail park in Przeworsk (Rock Park), which had its grand opening at the beginning of February this year, is undergoing a change in ownership after just a month of operation. The seller is RockCapital, and the buyer is ME Invest, a company owned by TERG S.A., the owner of the Media Expert chain. The Avison Young investment team represented the seller in the transaction process. The price has not been disclosed.

Real estate advisory firm Avison Young announced the promotion of Michał Ćwikliński as Europe, Middle East, and Africa (EMEA) Regional Managing Director, effective immediately. In this newly created role, Ćwikliński will work closely with Avison Young’s Country Management teams to oversee and assist business development, sales management, and strategic initiatives across the EMEA region.