€813 mln in real estate deals struck in H1

The Czech Republic leads the CEE region with €1.2 billion of finalized investment transactions, followed by Poland with a total volume of €813 million. According to international advisory firm JLL, the total real estate investment volumes in H1 2015 reached approximately €2.55 billion in Central and Eastern Europe. The volume of investment transactions finalized on the commercial real estate market in Poland in H1 2015 reached €813 million. In H1 2015, investors were the most active in the office segment, with closed transactions of around €385 million. Meanwhile, retail came in with €285 million and industrial finished with €143 million. “Investors are still very active on the biggest office markets outside Warsaw – H1 2015 saw the finalization of the transactions of Enterprise Park and Kazimierz Office Center in Kraków, Green Horizon in Łódź, Baltic Business Center in Gdynia, West Forum in Wrocław and  Millenium in Katowice. These transactions helped push the total volume for office deals in regional cities to €234 million. Furthermore, the office market is also witnessing an interesting phenomenon regarding the increased number of sale/purchase transactions of lower values, as well as the extension of the finalization process by up to three months when compared to 2014,” said Sławomir Jędrzejewski, National Director from the Office and Industrial Investment at JLL Poland. Yields for prime retail schemes are at around 5.5%, offices at 6.0% and industrial expected at or below 7.0%.