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EUR 2.7 bln transacted in H1

Rafał Ostrowski 07 August 2019

Rafał Ostrowski

Journalist

+48 22 356 25 11
rafal.ostrowski@eurobuildcee.com

Rafał Ostrowski has over 17 years’ experience as a journalist. Before joining ‘Eurobuild CEE’ five years ago, he wrote for Wydawnictwo Murator and Shopping Centre Magazine, as well as for retailnet.pl. He has also written for many newspapers and magazines as a freelancer and prepared photo-reportages. Rafał graduated from the University of Warsaw in philosophy. He also completed postgraduate studies in text editing. For ‘Eurobuild CEE’ he covers most real estate sectors, including logistics, construction, office, residential and retail. He is also in charge of the film direction for Eurobuild TV.

EUR 2.7 bln transacted in H1
The transaction volume was dominated by the re-sale of four M1 shopping centres

POLAND The total real estate investment volume in the first half of the year came to nearly EUR 2.7 bln, according to the ‘At a Glance H1 2019’ report by BNP Paribas Real Estate. Although lower than the same period of the previous year the figure remains higher than the first half figures from 2015-2017.

The office market accounts for over 60 pct of the total. Major transactions in Warsaw included the acquisition of two buildings of the West Station office complex by Mapletree Investment for EUR 190 mln, the purchase of Warsaw Trade Tower by Globalworth for around EUR 133 and the acquisition of Ethos by Credit Suisse. In total, 24 buildings were traded in Warsaw.

Just like in the more mature markets of Western Europe, investment in the retail sector in Poland was moderate. The retail transaction volume in 2019 reached EUR 452 mln and to a large degree was dominated by the re-sale of four M1 shopping centres by Chariot Top Group to EPP for EUR 222 mln, which was a deal that was arranged in 2018.

High demand for investment product in the industrial & logistics sector has continued, most notably for prime assets occupied by e-commerce operators. In H1 2019 around EUR 411 mln of assets were traded, representing app. 15 pct of the overall volume.

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