Record-breaking Activity Of South Korean Investors

Tomasz Buras, expert at Savills, pic press materials
Tomasz Buras, expert at Savills, pic press materials
According to the Polish Investment and Trade Agency, South Korea occupies the 3rd place due to investing in foreign capital from outside Europe in Poland.

By the end of October this year, South Korean entrepreneurs managed 53 projects of the total value exceeding 3 million dollars. In effect, 22 thousand new workplaces were created. There are ca. 260 brands from South Korea operating in Poland, including companies that specialize in the motor and electronic industries.

SK Innovation factory sets a great example. The investment will erect in Dąbrówa Górnicza in the neighborhood of Katowice Special Economic Zone, which has recently been announced the 2nd best economic zone in the world, according to the fDi Markets ranking – says Tomasz Buras, CEO Savills Poland.   

South Korean investors intend their means for the growth of the European property sector. According to the Savills consulting company, North Koreans acquired investments for 6.2 billion euro in the first six months of 2019. Taking the foregoing activity of North Korean investors into account, this is a record-breaking amount. The office real estate sector is the major investment goal. According to Savills, the acquisition of office buildings concerned 88% of all transactions with foreign capital. Due to the interest of South Korean investors in 2019, the 2nd place belongs to warehouse spaces (11% of all transactions).  

Polish properties have been acquired by the entrepreneurs from South Korea since 2016 when GLL RE Partners and Hana Financial Group bought 2 Amazon buildings. Other transactions were conducted in 2018 and 2019. North Koreans currently own 4 Amazon buildings, Cedet and Lixa A and B office buildings, Zalando distribution center, or Eurocash logistic center.

Tags: Savills
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