The Investment Department of Savills in Poland has had ever growing presence in the capital markets in CEE. It has grown significantly in Poland over last few years and advised in ca. EUR 3bn worth transactions since 2013. Owing to their hard work they participated in record breaking transactions that took place this year. The work, effort and enthusiasm of the team with the leading role of Michal Cwiklinski has brought the perception of Savills capital markets team to the top tier of investment advisors in CEE.
Name of company
Savills sp. z o.o.
Department Department head/team leader
Investment Department - Michał Ćwikliński
The biggest transactions between October 2015 and September 2016
Acquisition of 75% interest Echo Prime Properties on behalf of Redefine Properties Ltd. (ca. EUR 891 mln)
Acquiring Bonarka on behalf of Rockcastle Real Estate (EUR 361 million)
Acquiring Gdański Business Center on behalf of Savills Investment Management (ca. EUR 186 million)
Disposal of Prime Corporate Center (ca. EUR 90 million) on behalf of Golub Gethouse
Debt restructuring of Millennium Plaza in Warsaw (EUR 40 million) on behalf of Erste Bank
Acquisition of Karolinka and Pogoria Shopping Centers (EUR 220 million) on behalf of Rockcastle Real Estates
Purchase of Gate One and Modularna (EUR 40 million)
Disposal of Metropol Park Błonie on behalf of Metropol Group (EUR 50 million)
Acquisition of Alchemia II in Gdansk on behalf of PHN (ca. EUR 60 million)
Purchase of Galeria Jantar in Słupsk on behalf of CBRE Global investors (ca. EUR 90 million)
Value of the transactions between October 2015 and September 2016
EUR 2 bn
The year on year results of the department with regard to the number and the value of finalised transactions (in EUR)
2016 - 14 transactions worth over EUR 2 bn significant growth year on year
The biggest and the most profitable transactions between October 2015 and September 2016 divided into sectors
Supporting the acquisition of 75% interest Echo Prime Properties on behalf of Redefine Properties Ltd. The value of the transaction was ca. EUR 891 mln - largest acquisition transaction in the history of the Polish market. Unlocking the opportunity and acquiring Bonarka on behalf of Rockcastle Real Estate for EUR 361 million – largest single asset transaction in Poland in 2016. Acquiring Gdański Business Center on behalf of Savills Investment Management for ca. EUR 186 million in Warsaw – largest office transaction in Warsaw in 2016. Disposal of Prime Corporate Center for ca. EUR 90 million on behalf of Golub Gethouse – the lowest office investment yield in Poland in history.
Please say why your team should be considered for the award
Savills Investment Team in Poland has a growing position on the real estate investment market and this year Savills is number 1 investment agent in terms of volume of transactions also most efficient team in Poland calculated per capita. Michał Ćwikliński, head of Investment Department is the investment agent that has a very good knowledge of all main property investment asset types – offices, retail and logistics. He has proven this over the last year having transacted a number of properties in all those sectors. What is more, he has been involved in the sales and acquisitions worth almost EUR 2 billion only in the last 12 months. He has proven to be able to unlock exciting investment off-market opportunities on the buy side as well as outperform achieving record pricing levels when disposing the assets. He has good knowledge of the market as well as the active investors with particular focus on those who are the new comers to the market. Michał built a very successful team.
