Credit: CBRE | Last December, CBRE Global Investors completed the acquistion of the Sfera Shopping Center in Bielsko-Biala in the Silesia Region as part of a pan-European retail strategy.
Studies & Reports

Poland: Highest Annual Volume of Transactions in History

Transactions in the retail sector were dominant last year, accounting for around 55% of the total volume.

Image: Sfera; Credit: CBRE
Image: Sfera; Credit: CBRE

In accordance with the latest research by Savills, the annual volume of investment transactions in 2015 in Poland exceeded €4.0 billion, which was the second-highest result in history, while the last quarter of the year was the most active one ever recorded.



Image: Bonarka; Credit: CBRE
Image: Bonarka; Credit: CBRE

Michal Cwiklinski, head of investment in Poland, said: “It has been almost a tradition in Poland that the last quarter of the year has a massive influence on the end-year investment volume. The last quarter of 2015 was no exception, with the highest quarterly investment volume in history.”



Image: Bonarka; Credit: CBRE
Image: Bonarka; Credit: CBRE

The international real estate adviser highlights that the end-year result was boosted by two large share deals: Oaktree and Pimco’s takeover of a majority stake in the Echo Portfolio (managed by Griffin Real Estate) and TPG Real Estate’s acquisition of some of Trigranit’s SPVs.



Dominant retail sector

Image: Bonarka; Credit: CBRE
Image: Bonarka; Credit: CBRE

Transactions in the retail sector were dominant last year, accounting for approx. 55% of the total volume. Michal Cwiklinski added: “Investment activity in Europe has been rising, especially in the retail sector. The last quarter of 2015 confirmed that this trend is also the case in Poland, despite a shortage of decent investment products.” Such a high result in the retail sector was the consequence of a few large transactions, e.g. the acquisition of Riviera Shopping Centre in Gdynia by Union Investment (for €291 million), the acquisition of Stary Browar by Deutsche Wealth Asset Management for around €285 million, the acquisition of the Karolinka and Pogoria shopping centers by Rockcastle for €221 million, the acquisition of Bonarka City Center by TPG Real Estate for approx. €285 million, and the acquisition of Galeria Sfera by CBRE Global Investors for around €200 million. Savills remains optimistic about the 2016 results, expecting investor activity to bring this year’s volume to a similar level to that of 2015.

Sign up for our ACROSS Newsletter. Subscribe to ACROSS Magazine.

Studies & Reports MORE

Retail Parks–an attractive asset class in times of crisis and beyond

As retail parks become more and more enticing, RegioPlan looks at the market distribution of this asset class across Europe in the following study.

Retail Park Report 2021: One-Stop-Shopping instead of One-Shop-Stopping

MEC and its partners Real Estate, Savills Germany, Dr. Lademann & Partner and WISAG published the 9th edition of the Retail Park Report “About Tomorrow–Retail parks in the city of the future”. The key finding: Sustainable and cross-asset-class strategies are needed to develop cities and rural areas for the future as urban neighborhoods and surrounding areas gain in importance.

When there’s a will, there’s a way: The path to net zero carbon retail real estate

“Our addiction to fossil fuels is pushing humanity to the brink. We face a stark choice: Either we stop it–or it stops us. It’s time to say: enough.”

An Overview of the Serbian Capital

A number of shopping centers have opened their doors in Belgrade over the past few years. In June 2020, BEO, for which MPC Properties is responsible, opened its doors. Development, Technical Operations, and Innovations Director Jovana Cvetković looks back on a time of particular turbulence – not solely due to reasons relating to the pandemic.

Turkish Market Outlook

It is a solemn fact that in order to understand the current situation of any commercial real estate market around the globe, including Turkey, analysis of the current impact of the Covid-19 pandemic on the main dynamics of the industry is required.