No man’s land... or the promised land?

The commercial property investment market in Poland has recently stabilised at annual levels of around EUR 3 bln. However, this figure only relates to the largest transactions, involving the services of the largest agencies. However, as it turns out significant volumes of money is changing hands below the radar of the larger corporations. According to data published by Cenatorium, in 2013 more than 28,000 transactions were concluded in Poland in which commercial property was traded (i.e. small retail facilities as well as single buildings) with individual values of PLN 20 mln or less. This brought the total volume for such deals up the level of PLN 9.5 bln in 2013. According to the 2014 data (which are, however, partial) the turnover on this market exceeded PLN 4.5 bln. As more and more data flows in the number will certainly grow significantly. It might seem that nobody could be indifferent to such amounts; however, the size of the market is not easy to estimate and the experts’