According to JLL, 2019 saw office investment transactions worth more than 3.8 billion EUR, breaking the record set last year. The coming months will see further spectacular deals.
Offices in the limelight
For the second time in a row, the real estate investment market has been dominated by the office sector, where we saw a record value of transactions exceeding 3.8 billion EUR. This is over 1 billion EUR more than in 2018 and the equivalent of 2016 and 2017's office and retail sector performances combined.
Tomasz Puch, Head of Office and Industrial Investment, JLL
Investors appreciate the diversity and liquidity in the office segment. Considering ongoing transactions, we can expect further great results in the coming months. We already forecast that the first quarter of this year will close with approx. 1.5 billion EUR.
Tomasz Puch, Head of Office and Industrial Investment, JLL
Robust investments in retail and industrial sectors
The value of industrial investment transactions totalled approx. 1.1 billion EUR. This is related to factors including a lower number of large portfolio deals compared to 2018. However, the ongoing transactions planned for 2020 allow us to estimate a significant improvement on 2019.
Tomasz Puch, Head of Office and Industrial Investment, JLL
Hotels targeted by investors
It is also worth noting the hotel market's much improved result, where investment transactions were worth a total of 290 million EUR. This means a 140% increase on 2018 and is a signal of increased interest in this segment from international investors. This overseas interest is illustrated by the spectacular sales transaction of the Radisson Collection hotel in Warsaw, advised by experts from JLL's Hotels and Hospitality Group.
Agata Janda, Head of Hotel Advisory, JLL
