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| Home Page > Symposium
> Symposium Program Edition 2008 |
| Symposium Program Edition 2008 |
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| “Industrial, Commercial and Hotel Property in Poland” |
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Thursday, 24 April 2008
13:00 - 14:15
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The favorable economic situation in Poland resulted in an increased demand for office space, both in Warsaw as in other cities with fastest economic growth. Retail investors’ interest was not only concentrated on primary, but also on secondary and tertiary cities. Also investments on the warehouse market are fast growing.
In 2007 yields have stabilized across both the office and retail sectors, with the prime product traded at around 5.5%. Meanwhile, the prime industrial yields settled at around 6.75. This almost brings the yields in Poland to Western European levels. This means that the investors view Poland as a core European market with little additional risk.
What can we expect in the Polish commercial real estate market in the nearest future? Are the yields going to shift backwards due to the sub-prime crisis? What are the most interesting locations? What types of product are needed?
And, finally, as far as the hospitality industry is concerned some questions are relevant these days: independent hotels or branded chains, who will dominate the Polish market during the next decade? And regarding financing, where will the money come from to develop new hotels in Poland?
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