Poland becomes CEE region leader with real estate investments of over €2 bln

According to JLL, the volume of real estate investment transactions concluded across Central and Eastern Europe in H1 2016 amounted to approximately €5.1 billion. Poland accounted for €2.07 billion and was followed by the Czech Republic (€950 million), Hungary (€910 million) and Romania (€340 million).

"The headline deal in H1 2016 in Poland  was Redefine's acquisition of a 75 percent stake in the Echo Investment commercial platform in Poland, including retail schemes (Amber in Kalisz, Galaxy in Szczecin, Galeria Echo in Kielce, Galeria Olimpia in Bełchatów, Outlet Park Szczecin, Pasaż Grunwaldzki in Wrocław, CH Echo in Przemyśl and Bełchatów, Galeria Sudecka in Jelenia Góra and Galeria Veneda in Łomża), and office projects (A4 Business Park in Katowice, Astra Park in Kielce, Malta Office Park in Poznań, Oxygen in Szczecin, Park Rozwoju in Warsaw or West Gate in Wrocław)," JLL informed.

The report also shows that 60 percent of H1 2016 office transactions in Poland was concluded outside Warsaw.

The largest warehouse transactions in Poland included: the NBGI portfolio acquired by Hines REIT, Annopol Business Park sold by ECI to Hines REIT and GLL’s acquisition of the Amazon Fulfillment Center in Poznań. Prime warehouse yields stand at 6.75 percent with further compression forecast, while exceptional, long leased assets are trading well below 6 percent.