British Polish Chamber of Commerce

In the middle of the year we have decided to refresh our 2017 Outlook.

According to experts at CBRE, the leading global property adviser, in the first three quarters of 2012 total investment volume in the Polish commercial property sector stood at over € 1.5 billion. Based on the number of ongoing transactions, the total volume at the end of 2012 should ultimately reach €2 billion. Prime office buildings are still the most popular assets attracting core investors. Ten office transactions generated 30% of the total investment volume, while in Q3 the most significant office purchases included Twarda Tower in Warsaw by Europa Capital and a portfolio of two office buildings by Kulczyk Silverstein Properties. Industrial volume has also increased significantly. With limited availability of prime assets, more opportunistic investors are expected to enter the market generating demand for secondary assets. Prime yields remain stable at 6.00% for retail, 6.25% for office and 7.50% for logistic assets.

I^st Edtion

In October's MACROscope:

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The polarised nature of the recovery from the 2008-9 financial crisis and recession has had a profound impact on the global economy. Whilst economic power was steadily flowing towards high-growth emerging markets prior to 2008, the weak performance of mature economies over the past few years has undoubtedly led to an intensification of this trend.

The current issue of our magazine Frontiers in Tax contains recent changes in the tax law which often cause entrepreneurs difficulties, including the new post-BEPS reality and the increasing importance of the economic justification of transactions.

The publications present the views on workplace and office buildings from both employees and management representing the modern business services industry in Poland. They were based upon 533 employee surveys and 47 surveys amongst SSC and BPO centres’ management.