“The Ministry of Finance has announced that the introduction of the act on REITs has been put back and will not now come into force on January 1st 2018. Notably, Polish REITs will now only be able to invest in residential projects. It is likely that such limitations as removing the option of REITs investing in commercial properties will have a negative impact on the attractiveness of this form of investment among individual investors – as well as upon the realisation of the actual aim of the introduction of REITs: the activation of Polish capital, making the capital market more dynamic and giving a significant boost to the economy. The commercial real estate market in Poland is now stable, liquid and has standards that have been established over the years. It is attracting many foreign investors, such as German and Czech citizens, who can invest in pension funds in their own countries to become the co-owners of significant properties in Poland. The share of Polish capital i
Flex market picks up momentum
Flex market picks up momentum
The flexible office market in Poland is growing rapidly. In the upcoming years, we can expect the pace of its development to accelerate. Currently, over 420,000 sqm of flex space a ...
Walter Herz
Optimism returns
Optimism returns
Lower interest rates in the eurozone and the easing of monetary policy in Poland are expected to revive investment in the real estate market. A noticeable increase in the value of ...
Walter Herz
Warehouse developers now more cautious
Warehouse developers now more cautious
Pre-leases are now an important criterium Currently, the highest investment activity is seen for projects that have a secured pre-leasing level of at least 50-60 pct of the spa ...
Avison Young