Investors have an appetite for warehouses

The value of investment transactions in the Polish warehouse sector at the end of the first quarter of 2018 amounted to approx. EUR 100 million under three purchase/sale agreements. This is the result of the summary of the first three months on the warehouse market prepared by JLL experts.

Prologis has sold part of its European portfolio - including one project in Sochaczew - to ARES, Segro has bought the Small Business Unit (SBU) Ideal Idea IV park in Warsaw from Ideal Idea Formad, and Hillwood has taken over Good Point Puławska II from Real Management.

- Capitalization rates for prime type warehouse facilities amount to 6.5 percent, and for the best, long-term rented projects definitely below 6 percent. - sums up Tomasz Puch, director of the Capital Markets Department of Office and Warehouse Real Estate, JLL.

According to JLL, the best opening of the year in the history of the Polish warehouse market is behind us - the demand reached 1.1 million square meters. There are as many as 1.8 million square meters of area.