Commercial real estate market to grow to EUR 3bn in 2013: Savills consulting company
August 23, 2013
Poland's commercial real estate market will likely see the value of transactions rise to EUR 3bn in 2013, consulting company Savills said in a report released Thursday.
This amount would be the largest since 2006, the report added.
Retail properties may account for up to 70% of the total.
In the first half of 2013, the number of transactions rose to 28 from 12 a year earlier, while their combined value reached EUR 1.26bn.
Some EUR 850m worth of preliminary deals were signed in the period, which should "significantly influence the investment volume in 2013," according to the report.