Investment transaction volume in the first half of 2011 for Poland jumped to €960m, 23% up on the same period last year, according to Cushman & Wakefield.
Rising investment demand was met by asset sales by funds, which liquidated selected properties in their portfolios.
Together with developers they became the main source of investment supply. The office sector continued to draw the biggest share of buyer interest, accounting for 55% of total deal volume.
The retail market registered the highest growth, rising more than three-fold above the total for the first half of 2010.
This figure was boosted by Atrium European Real Estate’s acquisition of the Promenada shopping centre in Warsaw for €171m. At the other end of the spectrum was the industrial investment sector, which over H1 2011 posted a 36% decline in volume year-on-year.
Office buildings were the main focus of buyers from Germany and Austria, while the retail investment market was dominated by buyers from the UK and the Netherlands. Domestic investors claimed only a small share of the market.
C&W director Wojciech Pisz said: “Staying the course in the positive investment climate should sustain further investment growth. The transaction volume in 2011 is likely to surpass the 2010 level of €2bn.”
