The overall investment volume on the Polish commercial market rose 60 percent in the third quarter of the year, according to Cushman & Wakefield, reaching €1.15bn. The office market saw the most activity, taking 87 percent of all Q3 deals, while the warehouse sector took the rest. There were no deals reported in the retail sector. Compared with the same period last year, however, the survey showed a 78-percent drop in deals during the third quarter, as no big tickets deals were closed in this period.
“Office volumes have benefitted from a number of larger deals in the last quarter, but fundamentally, the sector has been attractive to investors because it is relatively easy to understand assets in different countries. And in prime core markets, values are well supported by a lack of new development and lower availability,” said David Hutchings, Head of European Research at Cushman & Wakefield. “In addition, new working patterns as well as a focus on sustainability are set to boost interest and demand for modern efficient office space going forward.”
