2.9 billion EUR transacted is the second-best H1 in history. Pandemic quarter better than expected with 710 million EUR in offices alone.The industrial sector comes in with its best ever H1 result.
According to preliminary estimates, the value of investment transactions in the first half of the year totalled nearly 2.9 billion EUR - the second-best result in the history of Poland’s real estate sector. Despite the global pandemic, the first six months of the year saw a continuation of trends that have been observed on the market for some time now. Industrial and office investors are very much to the fore. In fact, the industrial sector, which had its best H1 in history, may see challenges connected with product availability.
Agata Sekuła, Vice-President, JLL Poland
The second quarter was marked by high investor activity on the office market. Ten contracts for the sale of 27 buildings with a total value of approx. 710 million EUR were finalised in the last three months. As a result, the value of the office investment transactions outpaced the industrial sector, totalling more than 1.3 billion EUR in H1.
Tomasz Puch, Head of Office and Industrial Investment, JLL
Without a doubt, the first six months of 2020 were one of the most interesting periods in Poland’s investment market. Warehouses recorded a record-breaking 1.1 billion EUR performance, while for offices the first half of 2020 was the second best H1 ever.
Tomasz Puch, Head of Office and Industrial Investment, JLL
Transactions during lockdown
The lockdown made it very difficult to commence new transactions, because travelling, property visits and technical inspections were impossible. However, their remaining stages could be successfully carried out virtually. Many of the transactions that were in progress at the beginning of the lockdown have already been finalised or are scheduled for finalisation in the coming weeks and months. Since it is again possible to cross borders, foreign investors are arriving in Warsaw and business is slowly returning in the shape of meetings, inspections and direct negotiations. We expect that the second half of the year will be even more intense.
Agata Sekuła, Vice-President, JLL Poland
