Value of commercial real estate investments in Polish market higher by more than a third

Russia's invasion of Ukraine caused uncertainty in the Polish investment market. Despite this, the value of capital invested in commercial real estate in the first quarter of 2022 amounted to €1.66 billion, 35 percent more than a year ago and twice as much as in 2019, during the same periods, according to the CBRE report. Retail attracted the most investment, followed by offices and warehouses. Most of the capital flowed in from North America. Investments from Europe accounted for 16 percent and came mainly from Hungary, Germany and Switzerland. The share of Polish companies was 2 percent. CBRE experts note that the sector of apartments for rent (PRS) has an increasing potential for growth.

"Attention was primarily drawn to the retail market, whose excellent performance was the result of large portfolio transactions concerning shopping centers. Retail parks, supermarkets and food discounters also continued to attract interest. In second place in this quarter was the office market, where we also dealt with a record-breaking transaction. Warehouses, which invariably enjoy great popularity, round off the podium. We are also observing a growing potential of the PRS segment, i.e. apartments for rent," Przemysław Felicki, director in the capital markets department at CBRE, said.

(WBJ)