Warsaw investment pie

Investment funds are scrambling for the best real estate on the Warsaw market. They are competing mainly by offering developers attractive prices and, no less importantly, good terms of agreement Warsaw remains the investment centre of Poland and most of the purchases have been made by real estate funds and according to a report by Cushman & Wakefield Healey & Baker, 67 per cent of these have been in the Central Business District. Last year's purchase of Centrum Biurowe Euromarket, by a fund linked to Zentral Immobilien Fonds (the HypoVereinsbank Group) for EURO 23.9 mln, was the only exception. "This is a significant step which could lead to more institutional investment transactions in regional city office markets in the coming years," reads the report. What's on offer will most certainly determine the development of investments outside Warsaw. At the moment there isn't much real estate available and developers aren't much interested in selling their pr