The first half of this year was an absolutely record-breaking result in the history of the Polish investment market in the warehouse segment. For the office sector, it was the second best six months in history in terms of transaction value. Despite the turmoil caused by Covid-19, the total value of the transaction volume in the commercial real estate sector in Poland in the first half of this year was even higher than the excellent result obtained at the same time in 2019.

In the first six months of the year, exceptionally large deals were finalized. One of them was the sale of a majority stake in GTC with assets located all over Poland. Their purchase from Lonestar by the Optima company accounted for as much as 15 percent of the total transaction volume recorded in the first half of this year. in Central and Eastern Europe. Our country is a leader on the investment market in the region. The planned investments of Microsoft and Google will certainly contribute to strengthening this position, as they will revolutionize our digitization market and will allow Poland to become a strategic partner in the CEE area.

The largest contracts signed in the first half of 2020 in the office sector included, among others Skanska's sale of Krakow's High Five 4 & 5 to Credit Suisse, Warsaw's Wola Center building by LC Corp to Hines, or Krakow's Equal Business Park complex through Cavatina to Apollo Rida. The result of the office segment was also significantly influenced by the above-mentioned purchase of the majority of shares in GTC by the Hungarian Optimum Ventures Private Equity Fund, where the portfolio included office buildings and shopping centers. Moreover, CPI Property Group has finalized 5 new acquisitions. The Group's portfolio includes office buildings: Green Corner A, Equator II, Equator I, Moniuszki 1A and over 50 percent. shares in the Chałubińskiego 8 office building.

Positive moods are visible in business. Poland attracts new investors. Half of the volume of transactions finalized in the first six months of this year is for new players who have not previously invested in our country. Capital flows to us from countries such as the Czech Republic, France and Hungary, as well as from distant corners of the world, e.g. from Lebanon, Singapore or South Africa.

(Property News)