POLAND Real estate consultancy Savills has set up a special section within its Warsaw-based corporate finance and valuation department dedicated to Chinese investors interested in the Polish commercial real estate market.
The China Desk will be the responsibility of Piotr Klapkowski, who joined Savills in October 2016, having been employed in commercial real estate in Beijing. His experience includes three years as a manager in the valuation and advisory department of Cushman & Wakefield’s China office, where he participated in the IPO of Dalian Wanda, one of China’s leading developers, valued at around USD 3.9 bln.
“Asian investors are increasingly targeting real estate assets in Europe, including Poland. Solid asset analysis and valuation is fundamental to making investment decisions. We have the necessary skills to deliver top-quality services, drawing on the knowledge and expertise of Piotr Klapkowski, who is our China Desk leader,” said Kamil Kowa, the head of the corporate finance and valuation department.
One major recent transaction involving Chinese capital in Poland was the acquisition of Logicor’s portfolio by CIC (China Investment Corporation) from Blackstone for EUR 750 mln in Q4 2017. Its Polish assets comprised 28 warehouses with a total area of around 925,000 sqm, which were part of the pan-European EUR 12.25 bln portfolio. “As Poland is seeing a growing number of commercial properties of a large enough scale to represent opportunities to Chinese funds, it appears reasonable to begin trying to attract capital from that part of the world,” said Piotr Klapkowski, China Desk leader, corporate finance and valuation department at Savills.