Real Estate Market: Record-Breaking End To 2019

Record-Breaking Transactions On the Real Estate Market In 2019
Record-Breaking Transactions On the Real Estate Market In 2019
According to data collected by JLL, the year 2019 was record-breaking due to investment transactions on the real estate market. The previous year turned out to be a blooming period mainly for the office sector. New contracts will be carried out in the following months.

Office Real Estate Market: Top Transactions

According to data collected by JLL, the value of investment transactions on the real estate market amounted to 7.4 billion euros in Poland last year. In comparison to 2018, the amount totaled 7.2 billion euros.

In the office sector, the purchase-sale contracts were carried out for a record-breaking value of 3.8 billion euros. This is over 1 billion more than in 2018. Such a result was also recorded in the years 2016 and 2017 for the office and commercial investments. The value of 3.8 billion euros is almost 3 times more than the average for the office sector from 10 previous years. JLL forecasts that the high pace of investments will maintain in the next months. It is estimated that the value of investments in Q1 2020 will amount to 1.5 billion euros.

The most important transactions on the office real estate market in 2019 are the purchase of Spire Tower for 386 million euros, as well as sales of Warsaw Financial Center and West Station (I+II) in Warsaw for ca. 190 million euros.

Commercial And Warehouse Real Estate Market: High Level Of Investments

The total value of all purchase-sales contracts in 2019 is over 2 billion euros. Portfolio transactions definitely dominated in this segment: preemption right to portfolio of shopping malls by Cromwell, sales of Atrium Felicity in Lublin and Atrium Koszalin.

In the case of warehouse investments, the value of transactions amounted to ca. 1.1 billion euros. In comparison to 2018, the amount of portfolio transactions was much smaller. The most important transactions in this sector are the purchase of a logistic investment portfolio in Krakow, Tczew and Marki, the purchase of warehouse centers "Amazon" and Eurocash in Konin.

Hotel Real Estate Market Is Really Prosperous

The value of transactions in the hotel real estate sector amounted to nearly 290 million euros in 2019. In comparison to the previous year, the rise was higher than 140%. It may be indicative of the increased popularity of this segment among investors. This result was mainly achieved thanks to the sales of Radisson Collection hotel in Warsaw.

 


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