JLL: Polish real estate market to grow in 2015

There will be a significant rise in the Polish real estate market in 2015, Jones Lang LaSalle (JLL)claimed in a report, the Polish Press Agency (PAP) informed. The market is to grow by ca. 547,000 sqm of new space this year. "The value of investment transactions realized on the Polish market of commercial real estate in 2014 amounted to around €570 million," and as some important deals have been moved from end-2014 to Q1 2015, which will add “many more transactions to a much higher total value" in 2015, PAP informed. The supply is predicted to be over 200,000 sqm bigger than in 2014, but some construction delays may occur, the experts pointed out. "But should all of the planned projects be turned over, this would be the best year in terms of new supply since 2009,” they added in the report. JLL is a professional services and investment management company based in the US specializing in real estate.