Commercial real estate investment reaches €2bln in H1: Colliers
17:48
The value of closed transactions in the first half of the year on the Polish commercial real estate market reached €2 billion, and all indications are that 2016 will be as good in terms of investment volumes as the previous year, according to estimates by Colliers International.
“Due to the fact that H1 ended with a total value of closed deals of around €2 billion and taking into consideration the number of projects which are either in due diligence or contractual negotiations, we expect the market to continue to perform well,” said Piotr Mirowski, director of Investment Services at Colliers International.
In recent years, office and retail investments have accounted for over 85 percent of overall volume. Retail projects – which recorded a volume of around €2.5 billion and a 55 percent market share in 2015 – are expected to continue to be dominant.
