Real estate investment volume at €477 in Q3 2014 - Knight Frank

The total real estate investment volume in the third quarter stood at €477 million, 4 percent lower than in the second quarter and 47 percent below the Q1 result, according to estimates by consultancy Knight Frank. Despite the lower volume, analysts expect the full-year results to come in at a level similar to last year’s, which was over €3 billion. The largest transaction was the sale of T-Mobile Office Park and Łopuszańska Business Park, both delivered by Ghelamco and purchased for nearly €160 million by American fund SOF-IX, which belongs to Starwood Capital Group. “The demand for Warsaw office projects continues to be strong. Investors look at both prime assets and schemes that can increase in value through proper management. The latter are usually targeted by American funds, which until recently were absent on the Polish investment market,” the report reads.