C&W: Signs of revival on Polish property market

There are clear signs of revival on the Polish commercial property market, according to the newly issued “Marketbeat Poland – Autumn 2014” report by Cushman & Wakefield. Poland’s total retail property stock now exceeds 10 million sqm, the report said. An especially high rate of expansion was recorded in the case of convenience stores. New large-scale shopping malls may be built in Warsaw, where the saturation is still fairly low. In the office segment, C&W expects higher competition for tenants in the next few quarters, as pre-let levels decline. Regional markets should remain stable. The volume of investment into commercial property in H1 2014 amounted to €1.4 billion, the report also said. The biggest transaction was the sale of the Rondo 1 office building for €300 million.