Investors in search of residential and office investment land - JLL report
16:46
Real estate consultancy JLL said H1 2016 was characterized by significant activity among investors on the investment land market, especially in the residential segment. The dynamic development of the residential market encourages developers to search for investment land plots for residential projects in Warsaw, Kraków, Wrocław, Gdańsk, Łódź and Poznań. Interest in land plots for office developments also continues, especially in Kraków, Wrocław and Warsaw. Nevertheless, a limited supply of sufficiently prepared investment land has become a greater challenge for the market
“The demand is so high that if JLL’s portfolio included more investment land plots, whose owners were willing to sell, this result could be three times what it is at present. Our observations indicate that an appropriately prepared and located investment land plot for residential development does not have to wait longer than a few weeks before an investor starts an analysis. The money supply is high but the Polish market lacks appropriate products available for sale,” adds Daniel Puchalski, Head of Land Advisory Services at JLL.
Despite a limited supply of appropriately prepared land, JLL expects further transactions on plots for residential and office developments.
“Currently we are working on several sale and acquisition transactions on land plots for residential and office developments in Warsaw, Kraków and Wrocław, as well as numerous smaller cities across Poland. These transactions are expected to close this year," said Daniel Puchalski.
