Central, Eastern Europe Commercial Property Investment Upticks

Central, Eastern Europe Commercial Property Investment Upticks

Commercial News » Warsaw Edition | By WPJ Staff | March 16, 2015 9:09 AM ET

In 2014, investor-lead transactions totaled €7.8 billion across all of Central and Eastern Europe's commercial real estate markets. Poland was the most active market within the CEE and registered €3.2 billion in sales and acquisitions, with other countries across the region registering significant increases in investor activity.

Troy Javaher, Head of Capital Markets CEE said, "Importantly, JLL led both complex portfolio transactions, as well as single mandate sales and acquisitions. The industrial sector was particularly active with several high-profile portfolio sales, and JLL was the clear market leader in these industrial transactions. The company excelled not only in transactions of prime properties but also in opportunistic and value added products. JLL Capital Markets Teams have maintained their leading position for more than 10 years".

2014 was a strong year for investment markets across Central and Eastern Europe with the total transaction volume coming in at ca. €7.8 billion, an increase on the €6.2 billion figure registered in 2013. Poland remained the leading regional market with a share of around 41% in the CEE, followed by the Czech Republic and Romania.

Tomasz Trzósło, Managing Director, Head of Capital Markets JLL Poland also commented, "In 2014, the Polish market saw transactions worth around €3.2 billion. 2014 volumes comprised of the highest office investment volumes since 2006, totaling €1.8 billion. Also, in the office sector the Poland's regional city markets attracted more investor interest than ever before, with over €440 million of transactions in 2014. This is more than the total transactional volume in these markets for the previous five years combined. We also registered a record €744 million in warehouse transactions, and €570 million in retail transactions. An important observation across all sectors is that a number of transactions have slipped into 2015, or were initiated late in 2014, hence 2015 is again expected to deliver good results, benefiting from landmark deals across all sectors".

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