Foreign investors returning to the Polish market

2010-06-28



The coming years can prove beneficial to the Polish commercial property market as foreign investors are slowly trickling back to Poland, according to a Cushman & Wakefield report cited by Puls Biznesu.
In the initial five months of 2010, Poland's commercial property market saw transactions worth close to €900m, up around 30% relative to the corresponding period of 2009. Investment funds from the UK, Germany, Australia and France have been active in the Polish market. The value of commercial properties put up for sale at the moment exceeds €2bn. Top class properties, within their respective ranges, attract the widest interest, and their prices have started to rise.
There are also other trends emerging in the commercial property market in Poland, according to C&W analysts. One of them is the efficient management of commercial properties – investment projects only turn profitable when managed in an effective manner. In this respect, sports facilities and stadiums built for Euro 2012 will be put to the greatest challenge. On the other hand, the office space market is showing strong signs of returning to the open space type of design, thus allowing for lower lease costs. As far as the hotel market is concerned, C&W specialists claim that the future outlook is bright for the seaside regions. This part of Poland has seen a continued increase in the number of tourists from Poland and other countries alike. However, to fully harness the potential offered by the region, more hotels should be built and the quality of the hotel base needs to be improved; additionally, the region needs a better road infrastructure.

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