2016 set to be record year for real estate investment in Poland
After a series of significant preliminary real estate investment deals being signed in Poland early this year, the investment outlook for the rest of 2016 looks to be a record one, with the total volume exceeding EUR 4 billion, according to Savills.
Around 20 investment transactions with a total volume of ca. EUR 504 million were closed in Poland in the first quarter of this year. South African investor Redefine Properties Ltd has recently signed a preliminary purchase agreement of a 75% interest in Echo Prime Properties, an Echo Investment subsidiary, which owns 18 commercial income-producing assets, with a total value of ca. EUR 1.18 billion. This volume makes it the largest real estate transaction in the history of the Polish market.
To stay on top of the latest real estate news, subscribe to Cityscape Magazine.