Retail investment volume at €369.5 mln in H1 2014

Retail transaction volume in Poland in the first six months of 2014 stood at €369.5 million, 49 percent more than in the corresponding period of 2013, advisory Cushman & Wakefield wrote in a report. Maintaining the high investment activity in the second half of the year will depend mostly on the supply of good, large retail properties, because nothing indicated that demand should weaken any time soon, said Łukasz Lorencki, senior consultant, capital markets at Cushman & Wakefield, quoted in the report. Lorencki expects the investment volume in the retail segment to reach last year’s value of €1.38 billion. The biggest retail deals closed this year are the sale of Poznań City Center by ECE and Resolution Property, as well as the purchase of Galeria Mazovia in Płock by CBRE Global Investors.