ARTICLES LABELLED WITH TAG Avison Young

Throughout the first quarter of 2020, the total transaction volume on the commercial real estate market in Poland exceeded €2.4 billion, according to preliminary results by Avison Young. This volume is almost three times as high as compared to the corresponding period of 2019, however, in line with Avison Young forecasts from December last year. Robust investment activity has been mainly noted in the industrial and office sectors. Asian investors dominated investment volume in terms of capital origin, with a particular focus on the industrial sector. At the same time, a growing investment activity of CEE investors is continuously observed, especially on the office market.

Hillwood acquired new industrial land in Czestochowa where is intends to develop Hillwood Logistics Centre Częstochowa-Miasto, a modern park consisting of 2 warehouses totalling ca. 64,000 sqm GLA.

Pasaż Chełmiński, modern retail park, in the main shopping area in Chełmno, has been sold by TUF Real Estate to LCP Properties. Avison Young’s investment team represented the buyer in the transaction.

Last year brought yet another record on the Polish investment market. Throughout 2019, the total transaction volume amounted to €7.8 billion which is higher 2018’s figure of €7.2 billion). Thus, Poland has once again proved that it is an attractive and increasingly more liquid market, according to Avison Young’s latest investment market report.

Chariot Group B.V. sold two stores leased by OBI, located in Gdańsk and Łódź, to Marr Holdings, headquartered in South Africa.

The Spanish Azora Europa I Fund has closed the disposal of Aquarius Business House office complex in Wrocław, which has been acquired by the international fund CBRE Global Investors. Avison Young’s investment team represented the buyer.

RF CEE Real Estate SCA SICAV – RAIF, an investment fund owned by the Polish Reino Capital and Australian Corvala, has bought the Malta House office building in Poznań. Avison Young represented the seller in the transaction.

Prosperity on the real estate investment market in Poland is still noticed. Good economic situation and attractive yields in comparison to the Western Europe has attracted foreign investors even from distant countries and continents. Will the momentum be kept? What are the forecasts for the end of 2019?

Avison Young team in Poland is expanding by appointment of Marcin Purgal – experienced director, active on Polish and CEE commercial property markets for ca. 15 years. He is taking the position of Senior Director in the Investment Advisory Department.

Holiday Inn Warsaw City Centre was acquired by Union Investment Real Estate GmbH in January 2018. Avison Young was initially responsible for the landlord technical advisory at the final stage of the construction process as well as at the pre-opening phase. Currently, the investor extends cooperation with Avison Young, who will be responsible for the landlord technical supervision of the property and management of the technical projects.