The combined volume of investment transactions in the commercial property market in Poland exceeded €1 billion in the second quarter of this year, according to the latest report by Savills. Transactions in the retail sector dominated the investment activity in the period, the study said. According to Savills experts, the total investment volume in H1 reached slightly more than €1.5 billion, which marks a 24 percent decrease y/y. However, taking a number of large transactions that are currently being negotiated into account, the company expects the 2017 investment volume to be similar to that seen last year and amount to approximately €4.5 billion. “The investor appetite is still high for both prime assets and those more opportunistic with decent value-add potential through re-commercialization or redevelopment, including change of the current use. The market is now driven by large portfolio transactions, mainly in the retail and industrial sectors. Such transactions offer some level of yield premium and risk diversification,” said Marek Paczuski, director, investment department, at Savills in Poland.
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