Regional city investment volume hits €1.06bn in Poland
Poland’s regional city investment volume reached €1.06bn in the first three quarters of 2019, matching the level recorded for the whole of last year. Cushman & Wakefield forecast this year’s total volume will hit between €1.3bn and €1.5bn. Prime office yields stand at 5.5-6 percent in Kraków and Wrocław and at 6.75-7.25 percent in Gdańsk, Poznań, Katowice and Łódź. “The largest transaction of 2019 was the acquisition of a 70-percent interest in an office portfolio comprising 105,000 sqm from EPP by Henderson Park UK. Two other major deals were done by Philippine-based ISOC, which acquired the 38,000 sqm Argon office building in Gdańsk from Torus and the first phase of Vastint’s Business Garden (38,600 sqm) in Wrocław,” said Marcin Kocerba, associate of capital markets at Cushman & Wakefield.