22:08 21 January 2020
Warsaw attracts not just big players
Attractive economic and economic conditions in our part of Europe fuel the demand for new investment purchases. The run of good luck on the Polish and in particular the Warsaw market has been going on for many months. Poland belongs to a group of countries whose economy is growing at the fastest pace in Europe.
“Moody's rating agency maintains the forecast of Poland's GDP growth at 3.7% in 2020, it also estimates an increase of 3.6 percent in 2021. This means very favorable circumstances for further investment in the commercial real estate sector,” Daria Chacińska, customer advisor, office department, CREAM Property Advisors, said.
In her opinion, cash flows to us from all directions, it is not only the US and Western Europe but more often Asia or Africa.
“What confirms the activity of large capital on the commercial real estate market in Poland is, for example, the purchase of the Warsaw Spire building by Immofinanz for the amount of €386 million. Another example is the recently announced plans to purchase eight office properties (now partly completed), and thus to spend about €800 million by the CPI Property Group,” Daria Chacińska commented.
The situation is not less dynamic among medium-sized investors. “In this segment, we are more often dealing with domestic capital, but purchases made by foreign funds are not uncommon,” added Chacińska.
