Polish commercial investment volume to reach €1.05bn in Q3
The investment volume on Poland’s commercial property market is expected to reach €1.05bn in the third quarter, according to Savills. The industrial sector accounted for 70 percent of that total, which illustrates the current investor preference for logistics properties, especially facilities dedicated to e-commerce. Preliminary analyses from Savills show that industrial investment climbed to €740m in the third quarter, accounting for a vast majority of the total investment activity in that period. Savills added that the share of the industrial sector is likely to be higher when the final data for Q3 is fully calculated. The industrial sector has already posted the strongest annual performance ever. Its previous highest result of €1.8bn was recorded in 2018. Logistics investment has already hit nearly €1.9bn this year, accounting for about a half of the total investment activity on the commercial property market in that period. The industrial sector also saw an almost 200-percent increase in the transaction volume between the first and third quarters compared to the same period last year.