Poland’s property investment market accelerated sharply in the first half of 2026, with transaction volume reaching €3 bln across 66 deals, up 77% y/y and among the strongest first-half results of the past decade. Larger transactions lifted average deal size, although overall liquidity declined.

Retail led the market with €1.03 bln, or 34% of total volume. Activity was driven by major portfolio sales, with CEE capital accounting for 79% of investment. Industrial assets generated €782 mln, supported by two large portfolio transactions and strong US investor demand, particularly for sale-and-leaseback opportunities and properties with long-term leases.

The office sector recorded €594 mln across 23 deals, including five prime transactions. Polish investors supplied half of the capital deployed and acquired three prime assets, highlighting the growing role of domestic buyers.

The landmark deal was Vantage Development’s €575 mln acquisition of 18 Resi4Rent assets, the largest Polish property transaction since 2022. It established Vantage as the PRS market leader, with 37% of operational units.

Investor sentiment remains positive overall, supported by Poland’s economic stability, market transparency and transaction pipeline. CEE, Baltic, Polish, French and, increasingly, Asian capital remain active, while 2026 investment volume is expected to exceed last year’s result.

(Press Materials)