Poland recorded a transaction volume of around €1.5 billion in Q3 2021. Since the beginning of the year, nearly 40 transactions took place here, in which sixty properties changed owners.    

“Although we have seen a decline in investor activity in the main asset classes, this has been compensated by, among others, the PRS sector, which accounted for 15 percent share of volume. Only this year, in seven transactions with a total value of €600 million, investors have signed contracts for the construction of around 5,500 flats for rent,” Dorota Wysokińska-Kuzdra, Senior Partner, Head of Corporate Finance and Living Services, CEE, Colliers, said.

Among the largest transactions in this sector was the acquisition by Heimstaden Bostad from Budimex Nieruchomości of 2,496 apartments located in major Polish cities and the signing by NREP of a contract with YIT for the development of 1,071 apartments in Warsaw.

Recovery can also be seen in the private student housing segment. 

“Warsaw continues to be the center of investor activity interested in the office market. Acquisition of the prime Metropolitan office building in the Warsaw CBD by Morgan Stanley from DWS for a reported €240 million, and the sale of buildings G and H in the Warsaw Breweries development to DEKA by Echo Investment for €150 million create a new benchmark for valuations in a post-pandemic reality,” Piotr Mirowski, Senior Partner, Head of Investment Services at Colliers in Poland, said.

(WBJ)