{"id":116,"date":"2017-02-10T11:53:54","date_gmt":"2017-02-10T11:53:54","guid":{"rendered":"http:\/\/ceo.com.pl\/en\/?p=116"},"modified":"2017-02-10T11:53:54","modified_gmt":"2017-02-10T11:53:54","slug":"real-estate-investment-market-cee-puts-record-performance-99646","status":"publish","type":"post","link":"https:\/\/ceo.com.pl\/en\/real-estate-investment-market-cee-puts-record-performance-99646\/","title":{"rendered":"Real estate investment market in CEE puts in record performance"},"content":{"rendered":"
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According to JLL, the CEE commercial real estate investment volume was ca. \u20ac12.56 billion in 2016. The full year breakdown saw Poland register an overall transactional volume share of 36%, followed by the Czech Republic (29%), Hungary (13%), SEE markets (8%), Romania (7%) and Slovakia (7%). \u00a0<\/strong><\/p>\n

Kevin Turpin, Head of CEE Research at JLL, <\/strong>says: “The 2016 investment volumes represents a 42% increase over 2015 and is the highest CEE regional investment volume in history. The Czech Republic and Slovakia have recorded the best ever investment results, while Poland came in with its second highest volume. 2017 forecasts for the region remain positive provided that the supply of product can match the high levels of demand.\u201d<\/p>\n

Focus on Poland \u2013 the leading investment location in CEE<\/h2>\n
\"Agata
Agata Seku\u0142a, Head of CEE Retail Investment at JLL<\/figcaption><\/figure>\n

Agata Seku\u0142a, Head of CEE Retail Investment at JLL, <\/strong>comments: <\/strong>\u201cFollowing 2015’s very good result, momentum for Poland carried on through to 2016. With a volume of over \u20ac4.5 billion, the Polish real estate market continued to be the most attractive investment location for investors in CEE. The sector split comprised ca. \u20ac1.96 billion in retail, \u20ac1.8 billion in offices and \u20ac770 million in warehousing. Across all sectors, the full spectrum of investor profiles were represented; core through opportunistic, with deals ranging from small single-let assets to complex platform transactions.\u201d<\/p>\n

Poland\u2019s headline deal in 2016 was Redefine’s acquisition of a 75% stake in Echo Investment’s commercial platform, including 10 retail schemes (Amber in Kalisz, Galaxy in Szczecin, Galeria Echo in Kielce, Galeria Olimpia in Be\u0142chat\u00f3w, Outlet Park Szczecin, Pasa\u017c Grunwaldzki in Wroc\u0142aw, CH Echo in Przemy\u015bl and Be\u0142chat\u00f3w, Galeria Sudecka in Jelenia G\u00f3ra and Galeria Veneda in \u0141om\u017ca), and 6 office projects (A4 Business Park in Katowice, Astra Park in Kielce, Malta Office Park in Pozna\u0144, Oxygen in Szczecin, Park Rozwoju in Warsaw and West Gate in Wroc\u0142aw). Other large retail transactions in Poland included 3 acquisitions by Rockcastle, namely: Bonarka City Centre in Krak\u00f3w from TPG (\u20ac361 million), the Focus Park in Zielona G\u00f3ra and Focus Mall in Piotrk\u00f3w Trybunalski from Aviva Investors (\u20ac161 million), and Galeria Warmi\u0144ska from Galeria Warmi\u0144ska sp. z o.o. sp. k. (\u20ac150 million).<\/p>\n

\u201cThe most active players in the Polish retail sector were from South Africa, whose investments were ca. \u20ac1.45 billion, equivalent to almost 75% of the sector’s entire volume\u201d, Agata Seku\u0142a<\/strong> adds.<\/p>\n

In Poland\u2019 s office sector, transactions of numerous schemes were concluded, including Q22 from Echo Investment to Invesco (\u20ac273 million), Gda\u0144ski Business Center A&B from HB Reavis to Savills Investment Management (\u20ac186 million), and Konstruktorska Business Center from HB Reavis to Golden Star Group (\u20ac120 million).<\/p>\n

\"Tomasz
Tomasz Puch, Head of Office and Industrial Investment at JLL Poland<\/figcaption><\/figure>\n

\u201cAlthough the total volume of office deals concluded in Warsaw was higher than on Poland’s major markets outside the capital city \u2013 approximately \u20ac1.15 billion compared to ca. \u20ac650 million respectively \u2013 investor activity on regional markets remains high. The total volume of office transactions further underlined the maturity, liquidity and performance of the top seven cities in Poland\u201d, explains Tomasz Puch, Head of Office and Industrial Investment at JLL Poland.<\/strong><\/p>\n

In the warehouse investment the highlight deals included P3 Logistics Portfolio to GIC (approximately \u20ac285 million), Hillwood Industrial Portfolio to CBRE GI (over \u20ac150 million) and NBGI portfolio acquired by Hines REIT.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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According to JLL, the CEE commercial real estate investment volume was ca. \u20ac12.56 billion in 2016. The full year breakdown saw Poland register an overall transactional volume share of 36%, followed by the Czech Republic (29%), Hungary (13%), SEE markets (8%), Romania (7%) and Slovakia (7%). \u00a0 Kevin Turpin, Head of CEE Research at JLL, […]<\/p>\n","protected":false},"author":1,"featured_media":117,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[8,14],"tags":[97,2734,19,62,20,2735,28,63,2736,2737,2738,75,96,324,70,2739,64,74,2725,65,66,76,98,82,71],"class_list":["post-116","post","type-post","status-publish","format-standard","has-post-thumbnail","category-real-estate","category-investing","tag-agata-sekula","tag-aviva","tag-cbre","tag-czech-republic","tag-echo-investment","tag-golden-star-group","tag-hb-reavis","tag-hungary","tag-jelenia-gora","tag-jll","tag-kalisz","tag-katowice","tag-kevin-turpin","tag-kielce","tag-krakow","tag-malta","tag-poland","tag-poznan","tag-reit","tag-romania","tag-slovakia","tag-szczecin","tag-tomasz-puch","tag-warsaw","tag-wroclaw"],"jetpack_publicize_connections":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/posts\/116","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/comments?post=116"}],"version-history":[{"count":0,"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/posts\/116\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/media\/117"}],"wp:attachment":[{"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/media?parent=116"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/categories?post=116"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/tags?post=116"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}