Retail investment volume could exceed €3 bn in 2018 – JLL

The total value of investment deals closed in the retail property market in Poland in the first quarter of this year amounts to more than €1.7 billion, according to JLL data. The company’s experts predict that – given the number of ongoing transactions and the availability of retail product in the country – the combined retail investment volume for the entire year 2018 will likely exceed €3 billion. That record volume would be €1 billion higher than the one reached in 2017, noted Agnieszka Kołat, national director, retail investment CEE, at JLL.

The biggest retail transaction closed in Q1 2018 involved the sale by ARES, AXA and Apollo Rida of a portfolio of 28 assets to a Griffin Real Estate-led consortium for €1 billion. The largest single-asset deal concluded in the period in the question was the sale by Meyer Bergman of the Galeria Katowicka shopping center in Katowice to EPF for an undisclosed amount of money. Yields for prime dominant shopping centers and for prime retail parks in Poland currently stand at 4.9% and approximately 7.0% respectively.

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