Preliminary figures for Q3 from Jones Lang LaSalle analysis clearly show that Poland, along with the Czech Republic remain the most active markets in Central & Eastern Europe (excl. Russia).
Preliminary volume of transactions as per Q3 across CEE amounted to c.a. € 450 million and activity was recorded in three countries from the analysed region: Poland, the Czech Republic and Romania.
To compare, in Q2 the volume of investment transactions amounted to € 419 million with transactional evidence noted in Poland, the Czech Republic and Hungary. As in Q1, activity was registered in Poland, the Czech Republic, Romania and Bulgaria, with a total volume of € 893 million. To date, two countries have noted transaction evidence in every quarter of 2012 – Poland and the Czech Republic.
Poland maintains its position as the key market in the CEE region, responsible for the vast majority of transactions concluded. Figures confirm that despite a general market slow-down, investor sentiment for this country continues to be very positive. In Poland, exemplary transactions in Q3 were the sale of Twarda Tower office building in Warsaw and the Ożarów Business Center – a warehouse complex near the capital.
Tomasz Trzósło, Head of Capital Markets, CEE, Jones Lang LaSalle comments:
"Poland is leading the way in the CEE capital markets and will continue to do so, if not for macro reasons then for the size of the market and future liquidity.
"The general comment on Poland is that the market is healthy and stable, with sustained debt markets and investment activity, and moderate growth prospects in all sectors including office, retail, logistics, residential and hotel – but some specific projects may suffer.
"Over the remainder of the year investors will continue to focus on prime, core markets and products, in terms of good pricing and asset quality with flagship project locations attracting the most attention"Google+