Savills has set up a China desk within its Warsaw-based corporate finance and valuation department, which is meant to support Chinese investors interested in the commercial real estate market in Poland. The new dedicated unit is managed by Piotr Klapkowski who joined Savills in October 2016 and earlier worked in Beijing as a manager in the valuation and advisory department of Cushman & Wakefield’s China office.
“In 2016, Chinese investment volumes on the global real estate market hit approximately $33 billion, a 55-percent increase on the previous year’s level,” Klapkowski said. In Poland, major recent transactions involving Chinese capital include the Q4 2017 acquisition by CIC (China Investment Corporation) of Logicor’s portfolio from Blackstone for €750 million. “As Poland is seeing a growing number of commercial properties of a scale large enough to represent opportunities to Chinese funds, it appears reasonable to begin attracting capital from that part of the world,” Klapkowski argued.