Foreign Investors Active in Poland
Poland’s commercial property market was dominated by foreign investors in Q1 2012, according to Savills, with non-domestic investors accounting for more than 98 percent of transactions in the first quarter. Savills recorded a total transaction volume of €728 million in Q1 2012, up 21 percent from Q1 2011. The firm is forecasting that full-year 2012 investment volume in Poland will reach €2.5 billion, similar to the total for 2011.
“We have seen a strong start to 2012 with continued interest from foreign investors, particularly in retail assets,” says Michal Cwiklinski, head of investment at Savills Poland. “These international buyers are attracted to Poland’s above-average GDP growth and the country’s high consumer confidence making it an appealing market to invest in, both in the capital as well as major regional cities.”
Retail properties accounted for 80 percent of the deal volu