Inwestycyjne rekordy w Polsce i Europie Środkowo-Wschodniej
Kraje regionu CEE sfinalizowały transakcje nieruchomościowe o wartości 13,23 mld euro. Na Polskę przypadło aż 7,2 mld euro. Zobacz najnowszą analizę JLL
According to JLL, the value of investment transactions on the commercial real estate market in Central and Eastern Europe in 2018 exceeded 13.2 billion euros. Poland with a result of 7.2 billion euros broke its record from 2006 (5.05 billion euros). The Czech Republic (over EUR 2.5 billion), Hungary (over EUR 1.85 billion), Romania (about EUR 900 million) and Slovakia (about EUR 820 million) ranked next.
"The result of EUR 13.23 billion achieved in 2018 means that the value of investment transactions on the commercial real estate market in Central and Eastern Europe increased by 11% year on year, the third year in a row setting a new record for the region. - to an impressive EUR 7.2 billion An interesting phenomenon was the growing share of domestic capital in the total value of real estate investment transactions in the Czech Republic and Hungary - respectively 50% and 60% - this trend will also continue in 2019. This year we expect further, of strong interest in assets on the CEE markets, though probably not as spectacular as the transaction result. According to our forecasts, the value of property purchase / sale contracts in the region in 2019 will amount to approximately EUR 11 billion ", calculatesMike Atwell, Director of Capital Markets Department in Central and Eastern Europe, JLL.
Poland leads the region by a growth of 2.2 billion in comparison with 2017.
Investments on the Polish commercial real estate market have been growing for the fourth consecutive year, ending 2018 with a result of 7.2 billion euros. It is almost a 2.2 billion euro higher result than the best 2006 so far.
"Last year was exceptional for Poland in many respects.In most asset classes, a clear compression of capitalization rates was observed.In the course of the year almost 100 transactions were concluded, including the largest sale of commercial real estate portfolio in the history of the Polish market for the amount of EUR 1 billion. the largest number of - seven - portfolio transactions concluded within one year in the warehouse real estate sector - transactions of up to EUR 2.75 billion were entered into in the office sector, EUR 2.47 billion - in trade, and EUR 1.84 billion - for For the first time in a few years in Poland, office real estate has achieved better results in terms of value than trading, becoming investment products of the first choice, "comments Tomasz Trzósło, Managing Director of JLL in Poland.
In addition, in the hotel property sector, the owners changed assets worth 120 million euros.
Commercial properties with the largest transaction in the history of the Polish market
The total value of transactions on the Polish retail market reached 2.47 billion euros last year. The largest transaction was the sale of a portfolio of 28 ARES / AXA / Apollo Rida retail properties to the Chariot Top Group for a total amount of approximately EUR 1 billion. Other key transactions are: the sale of Wars Sawa Junior in Warsaw by PFCEE (fund managed by CBRE Global Investors) to Atrium European Real Estate for 301.5 million euros and Galeria Katowicka by Meyer Bergman to EPF for an undisclosed amount.
The capitalization rates for prime commercial facilities are at 4.9%, for assets at major shopping streets amount to 4%, and retail parks to 6.8%.
Office sector in Poland with a record
In the office sector, for the second time in history, the value of investment transactions exceeded 2 billion, reaching as much as EUR 2.75 billion. This is a 20% better result than the record-breaking result so far in 2006.
The key Warsaw office transactions included: takeover of buildings C and D in the Gdański Business Center complex from HB Reavis via SIM on behalf of EPF, for just over 200 million euros; purchase of Lumen and Skylight from Unibail-Rodamco-Westfield by Globalworth for approx. EUR 190 million and acquisition of CEDET by GLL Partner on behalf of the Asian client from Immobel for almost EUR 130 million.
The key transactions outside Warsaw included the takeover of Skanska's office portfolio by NIAM for almost 173 million euros.
Capitalization rates for high-class office buildings in Warsaw are currently at 4.75%, and 6% outside.
The best results so far for warehouses in Poland
The value of warehouse transactions reached 1.84 billion euros. The market was dominated by portfolio transactions, including the Encore portfolio purchased by Mapletree from Hillwood at approx. EUR 320 million; the Prologis portfolio also purchased by Mapletree for around 260 million euros; Och-Ziff's wallet purchased by Griffin / Redefine for around 195 million euros; Azurite portfolio acquired by Blackstone from Goodman for around 190 million euros and Hines portfolio acquired by Blackstone for approx. EUR 140 million.
Capitalization rates for warehouse facilities are 6.5%, and in the case of real estate with a long lease term - around 5.5%. Projects within Warsaw are about 5.25%.
Hotels complete the investment landscape
In 2018, the Polish hotel market recorded transactions worth approx. EUR 120 million as a result of the purchase of Holiday Inn in Warsaw and Park Inn in Kraków by Union Investment, as well as a portfolio transaction comprising six Puro Hotels in Kraków, Wrocław, Poznań, Warsaw and Gdańsk, where Family Investments 3 took over 30% of shares.
JLL participates in transactions worth EUR 3 billion
"The value of investment transactions involving JLL in Poland in 2018 is about EUR 3 billion, we have advised on the most spectacular transactions, including the sale of the portfolio of 28 retail properties on the ARES / AXA / Apollo Rida side, sales of Galeria Katowicka - on the side Meyer Bergman, buying an office building Gdański Business Center - on the part of EPF, selling Warsaw Spire - on Ghelamco's side, selling Lumen & Skylight - on Unibail-Rodamco-Westfield, as well as buying a portfolio of nine logistic real estate Panattoni - on behalf of Redefine / Griffin " , summarizes Tomasz Trzósło .