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The Warsaw Voice » Business » October 27, 2011
Business & Economy
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Property Forum
October 27, 2011   
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What are the most profitable investments on the Polish commercial property market? Where to find the biggest bargains? What are the sector’s development prospects? New investment projects—what and where? The hotel market in Poland ahead of the Euro 2012 soccer championships—what are its prospects? These and other questions were answered at the Property Forum 2011, a conference focusing on the commercial real estate sector in Poland and held at Warsaw’s Sheraton Hotel Sept. 26.

Robert Posytek, editor-in-chief of Propertynews.pl, said the forum attracted nearly 700 participants—proof that the commercial real estate sector needs quality debate. Developers, banks, investment funds, tenants and hotel chain owners and operators taking part in the forum agreed that the market is difficult these days and that market players are carefully examining how they spend every penny.

“The commercial property market in Poland has not lost its momentum and is still on the way up,” said Małgorzata Burzec-Lewandowska, an editor at Propertynews.pl. “New projects are being planned, and foreign investors appreciate the potential of our country. In their view, Poland offers solid economic foundations for safe investment. There are more and more relatively cheap sources of financing on the market, which is a catalyst for the development of the industry. Many investment funds are back and looking for attractive real estate products in good locations.”

Posytek said, “This year, the value of transactions on the commercial real estate market should reach 2 billion euros, and there is no indication that this amount will be any lower in 2012. Offices and shopping malls account for the biggest chunk of this figure, but interest in warehouses and logistic centers is also running high. Some major hotel projects owned by private investors have hit the market and may soon find new buyers.”

The Property Forum, organized by the PTWP SA group, the publisher of Propertynews.pl, attracted professionals from companies including the Polish subsidiary of German-based Aareal Bank AG, Capital Park, CB Richard Ellis Polska, GC Investment, Hilton Hotels, Immobel Poland, IVG Poland, Jones Lang LaSalle, Knight Frank, Kulczyk Silverstein Properties, Louvre Hotels Group in Poland, Neinver Polska, ProLogis, and Rank Progress.

The Warsaw Voice was a media partner of the forum.

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