Poland’s industrial investment volume totals €2.9bn in H1

by   CIJ News iDesk II
2020-07-03   10:22
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The value of investment transactions in the first half of the year totaled €2.9bn in what is the second best result in the history of Poland’s real estate sector, according to a preliminary estimate from JLL. In the first half of 2020, 21 office investment transactions involving 38 buildings were concluded, with the top three being the sale by Skanska of High Five 4&5 to Credit Suisse (Kraków), Wola Center by Develia to Hines (Warsaw) and Equal Business Park by Cavatina to Apollo Rida (Kraków). The investment volume was also driven by the acquisition of a majority stake in GTC by the Hungarian Optimum Ventures Private Equity Fund, which in Poland has a portfolio of both office buildings and shopping centers. In the industrial sector, 14 investment transactions involving 40 buildings were finalized, with the largest being the sale of Panattoni's portfolio of five facilities to Savills Investment Management. Hines distribution parks were also sold to CGL and the Maximus portfolio (six properties managed by Apollo) were sold to GIC, according to JLL.