Record high investments in first half of 2020

The first half of 2020 saw a record high investment activity with EUR 3.5 billion of investment transactions closed. Although this has been a 30 percent better result than during the corresponding period last year, achieving this year a similar result to the record-breaking volume of EUR 7.8 billion registered last year may have been difficult, according to Avison Young, a commercial real estate services firm.

Historically, the largest number of transactions has been always closed during the fourth quarter, when investors focus on closing transactions started throughout the year. Although a positive sentiment is observed and more and more investors are sourcing new transactions across Poland, it might be difficult to close all of them before the year-end. Also, transaction volume will obviously depend on travel restrictions across Europe.

Half of the investment volume that came to the Polish market during the first six months of 2020 came from the newcomers: investors that were not present on the Polish market before. We have seen an inflow of capital from both nearby countries, such as Czechia, France or Hungary as well as from more distant regions, including Lebanon, Singapore or South Africa, points out Avison Young.

(WBJ)