JLL: Office market to grow in 2015 outside Warsaw

The value of transactions in the office market in Poland excluding Warsaw was record high and stood at €440 million in 2014, compared with €156 million in 2013, according to the real estate company JLL. The firm informed that the highest valued transaction outside Warsaw was the purchase of the Quattro Business Park in Kraków by the Buma Group. The total value of transactions in the Kraków office market totaled €260 million. According to Tomasz Puch, a national director at Jones Lang Lasalle, this year should be as good as the previous one. The growing activity of investors outside Warsaw is due to a high level of prices in the capital city and the increasing maturity of the office markets outside Warsaw.