ARTICLES LABELLED WITH TAG investment

Cushman & Wakefield estimates that the commercial real estate investment volume in Poland for the first half of 2024 was €1.76 billion, representing an almost 80% increase compared to the same period in 2023. The investment market is experiencing a revival in the activity of investment funds, including Polish investors, with this year’s total investment volume likely to hit €4 billion.

Emira Property Fund has announced a strategic investment in the Luxembourg-headquartered Polish property developer and investor DL Invest Group. With a €55.5 million investment, Emira has acquired an effective 25% initial stake in DL Invest Group, which has a gross asset value of approximately €730 million and a net asset value prior to Emira’s investment of approximately €278 million. Emira’s equity interest has a face value of €101.5 million.  Emira has also secured the option to acquire a further interest for €45.5 million. If exercised, this second tranche will result in Emira holding 45.0% of the issued shares of DL Invest Group.

Czech development group UDI Group has launched the sale of its residential project in Costa Rica. The group is planning the construction to start at the beginning of next year, investing almost CZK 500 million (€20 million) in the project.

Revetas Group has announced the sale of TriGranit to DRFG Investment Group for an undisclosed sum. TriGranit has over two decades of operations and has completed nearly 50 landmark projects, adding 1.7 million sqm of leasable area across seven countries in the region. 

The first half of 2024 has seen CEE investment volumes increase by ca. 29% YoY. According to preliminary results, this is contrary to European and Global results, where activity is still subdued. Given the current conditions, Colliers expect 2024 volumes could reach up to ca. €5.5 billion, around half of the 10-year average, as it has revealed in its latest “H1 2024 Investment Scene” report.

Romanian developer Eden Capital aims to deliver by H2 2026 a new high-end residential complex in northern Bucharest with an estimated value of €130 million. 

Equilis and Acteeum have sold the Silwana retail park in Gorzów Wielkopolski to Big Polska. The asset was sold for €40 million, which makes it one of the highest transactions in the Polish commercial property market this year.

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.

The last two years have not been the best for the European real estate market, including in Poland. However, it seems that the worst is behind us. This is confirmed by the growing interest in Poland from foreign investors. This also applies to investors from the UK, who can still effectively diversify their portfolios on the Polish real estate market. Szymon Mojzesowicz, Member of the Royal Institution of Chartered Surveyors shared his insights on the topic. 

Invesco Real Estate has completed its first mezzanine lending deal in Central Europe on behalf of Invesco Real Estate Europe Fund III – SCSp (Europe III). The €20 million loan has been secured against the BTS logistics facility in Psary (Upper Silesia, Poland), recently completed by DL Invest.