Our better half
Investment & financePOLAND Things are not going well, according to the property agents. According to a Jones Lang LaSalle report, there was a 40 pct decrease in the value of real estate investment transactions in Central and Eastern Europe compared to H1 2011.
In the same period contracts worth EUR 1.26 bln were finalised in the region, 70 pct of which (EUR 877 mln) was transacted on the Polish market. The mood of analysts is not optimistic, despite the fact that a few days before publishing the JLL research, Heitman announced the signing of a conditional agreement with TK Development to purchase two retail assets: Galeria Tarnovia in Tarnów and a shopping centre project in Jelenia Góra. The total value of the transaction amounts to EUR 95 mln. A few days later another investor concluded a deal - this time it was UniImmo: Deutschland, an open investment fund managed by Union Investment, which announced the acquisition of the Manufaktura shopping and entertainment centre from French partners Fonci?re Euris, Rally and Apsys. The portfolio of the German fund will now be added to by an area of 91,000 sqm, for a price of more than EUR 300-350 mln.
Appetite comes with eating"Kulczyk Silverstein Properties Real Estate Investment Management is an
Already have an account? Log in
78% of content remaining
Unlock full access to the edition
PLN
EUR
EurobuildCEE magazine
Access to EurobuildCEE edition online & flipbook
Current edition
Annual subscription
You save 23% when paying annually
Monthly on one device. Annual payment
Monthly on one device. Monthly payment
Choose
Access includes
- Access to EurobuildCEE magazine edition online & flipbook version
Most popular
EurobuildCEE magazine & online subscription
Access to all EurobuildCEE materials
Monthly
Annually
You save 17% when paying annually
Monthly on one device. Annual payment
Monthly on one device. Monthly payment
Choose
Access includes
- Access to EurobuildCEE magazine edition online & flipbook version
- Exclusive news, comments, articles and interviews with the most important market representatives and experts
- Archive containing data and information from the commercial real estate and construction market in Poland and the CEE region, collected over 27 years;
- Eurojobs
- Eurobuild FM
