ARTICLES LABELLED WITH TAG investment

John Palmer, Partner Associate, Real Estate Advisory at Deloitte Poland, talked to Property Forum about the rapidly changing landscape of the land development market in Poland and its current attractiveness to foreign investors.

CPI Property Group has completed the sale of a few assets across Europe to third parties.

According to experts from BNP Paribas Real Estate Poland, Poland’s economic outlook remains stable but the global geopolitical situation and high interest rates across Europe continue to hamper a quick rebound in commercial property trading and large-scale transactions. Last year’s results confirmed a fall in liquidity for the CRE sector in Poland.

Focus Estate Fund, a fund specializing in non-prime retail properties in Central Europe, announced the acquisition of Island Green Retail Park in Wrexham, United Kingdom. The price of the asset has not been disclosed

In 2023, Central Europe’s commercial real estate market faced a notable decline in investment volumes. Dropping by 55% year on year, the region’s total investment volume accounted for €5.02 billion. Of the six countries surveyed by Cushman & Wakefield, Poland experienced the most significant downturn of 68%, with its share of the total CEE volume also dropping. The highest proportion of the capital went into the office sector, which also recorded the sharpest outward movement in terms of yields. Local and regional investors accounted for two-thirds of the investment transaction volumes, a significant increase from the previous years. Despite challenges, the market demonstrates resilience, particularly in the logistics and residential sectors, spotlighting areas of growth potential.

Higher borrowing costs and the price gap between buyers' and sellers' expectations are some of the reasons why transaction volumes are significantly below the 10-year average level of ca. €10 billion. This is according to a commercial real estate investment volumes survey by Colliers presented at a February meeting of Czech and Slovak investors and other financial experts.

IAD's Prvý realitný fond real estate fund has acquired through its real estate company Logis Rugvica d.o.o. a plot of land intended for development in the Sveta Helena area, near the Croatian capital Zagreb. With this project, Prvý realitný fond is successfully starting its activities on the Croatian market.

CPI Property Group has sold the Concept Tower office building in Warsaw to Wood & Company Real Estate Fund. The price has not been discolsed.

Commercial real estate transactions in Romania amounting to more than €600 million are currently under negotiation. Around half of assets in ongoing talks are based in Bucharest, according to a Cushman & Wakefield Echinox report.

After an unprecedented rise in interest rates, the CE REIF fund has reassessed the price of real estate in its portfolio. Last year's loss is reaching almost 30%, reports DennikN.sk. It is the first real estate fund in Slovakia that has admitted the problems of commercial real estate.