Out of the box

One deal in the third quarter of last year, the EUR 555 mln acquisition of the CasinoAccording to Michał Ćwikliński, senior consultant in the investment department of King Sturge, there are two main reasons for the hectic state of the market: “Yields compressed again slightly, convincing investors who had bought a few years ago to finally sell up. And there was more money in the market chasing investment product.”But can the frantic transactional activity on the investment market at the end of 2006 be maintained this year? And surely the amounts invested in Polish real estate cannot keep increasing at the same dizzying rates? Paweł Welo, nevertheless, believes that this year will be very comparable to 2006, and may even be another record-breaker: “Although it is difficult to predict whether the volume of investment transactions will be bigger this year than in 2006, my personal feeling is that it will be higher.”Michał Ćwikliński, on the other hand, feels