Investment volume in H1 2013 was over €1.26bn which is ca. 47% of the total 2012 volume and ca. 48% more than in H1 2012.
In terms of number of transactions, 28 transactions took place in H1 2013 compared to 12 in H1 2012.
Office sector accounted for more than half of the H1 2013 volume. In terms of location, Warsaw is leading with ca. 56% of the volume.
Prime office yields remain at ca. 6.0% for the best office assets located in Warsaw CBD and 7.50% for prime office properties located in Warsaw non-central locations and leading regional markets. Prime yields for the best shopping centres in Warsaw remain at ca. 5.75%. Prime single-let warehouse properties with 10+ years leases can achieve ca. 7.50%.
Five preliminary sale and purchase agreements signed during H1 2013 and the first weeks of July exceeding €850m are expected to be closed by the end of the year.
We believe that an annual volume of €3.0bn is achievable by year end with the majority attributable to retail.
Source : Savills