Investments of €1.4bn in Polish in 2013
Poland’s retail sector posted €1.4bn in investment deals in 2013, representing about 49 percent of the total transaction volume on the Polish property market last year. “The sale of Silesia City Center was the top transaction for the Polish real estate market last year,” says Michał Ćwikliński of Savills Polska. The €412m deal was followed by the sale of Warsaw’s Wola Park, worth €200m, and the sale of a portfolio of five retail centers to TC for €174m.
At the same time, Poland’s office sector posted €1.2bn in deals in 2013, which reflects 36 percent of the total transaction volume on the Polish real estate market last year. The sector’s biggest deal was the acquisition of the P1 office portfolio by CA IMMO, worth €130m. “This transaction has made it possible for us to acquire attractive office properties for a price that’s below market value,” says Bruna Ettenauer of CA IMMO.
