5 billion EUR invested in Poland's commercial real estate

The total value of commercial real estate investment transactions in 2018 may hit 6 billion EUR – the best ever result for the country's market

October 18, 2018

Advisory firm JLL analyzes this year’s investment transactions conducted in the commercial real estate sector in Poland. The value of transactions over the past three quarters is comparable to 2017's total.

“At the beginning of October, the total value of real estate investment transactions in Poland exceeded 5 billion EUR. The retail sector, with 2.1 billion EUR deals, continues to lead the pack. Over 2 billion EUR was invested in the office segment while over 800 million EUR in warehouse properties and almost 70 million EUR in hotels. We believe that the total value of the transactions across all sectors in 2018 will amount to 6 billion EUR - the highest result in the history of Poland's commercial real estate investment market”, comments Agata Sekuła, Head of Retail Investment CEE, JLL.

The largest retail investment transaction concluded in 2018 was the sale of a portfolio of 28 retail properties by ARES/AXA/Apollo Rida to Chariot Top Group for a total amount of about 1 billion EUR. EPP finalized the first phase of its acquisition of M1 shopping centers, buying properties in Czeladź, Kraków, Zabrze and Łódź for approx. 360 million EUR. Meyer Bergman sold Galeria Krakowska to EPF for approx. 300 million EUR. In the office sector, HB Reavis sold Gdańsk Business Center II to EPF for over 200 million EUR. The largest industrial transaction concluded in 2018 was the acquisition of nine Panattoni Europe logistics parks by Redefine/Griffin.