The Total Investment Volume in Poland for 2018 was €7.2 billion, one of the best results ever, representing a 40% year-on-year increase. 70% of investment was deployed by investors from USA, South Africa, Germany and UK. One third of total investment went to Warsaw. The upward trend is expected to continue into 2019.
The volume of office investment in Poland for 2018 was €2.74 billion, a 70% year-on-year increase. 2018 saw a record high demand and low new supply compared to 2017, which caused a growing supply gap. Developer activity is expected to be still high for 2019. With low unemployement rates employers face a challenge to acquire talented workers. Office space is becoming one of the motivational elements. The trend for re-organsing leased spaces will continue, and will positively affect the demand for office space. In Warsaw alone 107,000m2 was leased to coworking operators.
Investment in the Polish Retail Market was €2.5 billion. 19% of the retail space delivered to the market in Poland was extensions to existing retail centres. Extensions and modernisation of existing schemes represent 20% of the current space under construction. In 2019 some schemes will undergo a thorough change of function, for example in a new format such as an outlet centre. Retail investments in Poland are increasingly connected, combining residential, office and retail functions as well as incorporating elements of urban life. So that more and more mixed-use projects are appearing.
Our consultants have provided Professional advice to a number of International Investment and Funding Organisations as well as large European companies expanding their property portfolios. The type of Real Estate surveyed ranges from high-rise commercial office buildings to regional retail outlets as well as industrial and logistic centres.
Profession Advice has been provided for the purchase or disposal of real estate in the form of expert technical opinion on structures and building services as well as environmental aspects. Advice on the integrity of the structure and building services has been used by investors to assess maintenance and repair schedules.
Asset Enhancement is another major sector in which our consultants have been active, by bringing existing real estate up to modern standards. This can take the form of change of use, refurbishment and extension of retail outlets or refiguring of office space to obtain the most efficient use.
These are some of our Clients and the properties we have advised on.
Aviva / Bartlet Asset Management / Bluehouse Capital / Cadenza Principal Finance / Charter Hall / GLL Real Estate / Gardener & Theobald / HSBC Bank Polska / JLL / Klif / M7 Real Estate / OBI / PGE / PGIM / Peakside / Pradera / Tetrapak / Trinity