PLN 760 million in land supported by Colliers

The Investment Land Department of Colliers has just closed one of the most intense quarters in the company's history – from January to the end of March, the company advised on the sale of land with a total value of PLN 260 million. In addition, the company signed preliminary contracts for the sale of plots of land worth PLN 500 million.

The sum of transactions finalized in the first quarter of this year gives a better result than in 2020, when the signed contracts covered PLN 125 million, and even than in the entire year 2019 when the total value of transactions supported by the Investment Land Department of Colliers amounted to PLN 700 million.

"2021 started really well. Investors who have been holding back on purchasing decisions in the last few months have raised significant amounts of capital and are looking for opportunities to allocate them. Although we have already observed a revival on the market in Q3 and Q4 2020 and we expected an increased investor activity in 2021, Q1 exceeded our expectations. Only on the last day of March, we signed final agreements for the sale of land with a total value of over PLN 140 million," Emil Domeracki, director of the Investment Land Department of Colliers, said.

Colliers' impressive results in the first quarter include consultancy on the sale of five plots of land. Two plots of land in Warsaw found new owners – sold by Ardo and Europol Gaz, in Łódź (from BaseCamp Student's land bank) and two plots of land in Wrocław – belonging to KGHM and BaseCamp Student.

"The forecasts for the rest of the year are optimistic. Only in the first three months of the year, we have secured land with a total value of PLN 500 million in cities such as Kraków, Wrocław, Łódź, Tricity, Warsaw, Poznań, and Bydgoszcz. Most of the plots allow for residential and office development and PRS. We can expect most transactions to be finalized later this year," Emil Domeracki added.

(WBJ)