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Property adviser Savillls expects Poland to record a similar level in commercial real estate investment volume during 2012 to the more than EUR 2.5 bn booked in 2011. Last year's figure reflects an increase of 45% on 2010.

The international real estate advisor predicts that in 2012 prime office properties in Warsaw will be the main focus for buyers in Poland, having accounted for 45% of total investment in 2011. Warsaw accounted for 98% of the total.

The firm further expects retail assets, which made up 46% of the 2011 total investment volume, to continue attracting foreign and domestic investor interest this year. Unlike offices, 57% of the total retail investment volume took place outside the capital city in 2011, a trend which Savills expects to continue over the next 12 months.

Michal Cwiklinski, head of investment at Savills Poland, said: 'In 2011 the Polish investment market performed better than expected by exceeding EUR 2.5bn. Economic growth in the country remains relatively high and we anticipate similar levels of investment this year with German and US investors remaining the most active. We may also see an increase in UK buyers on the market in 2012.'

In terms of yields, Savills suggests prime yields will remain stable across the board in 2012. At the close of 2011 prime office yields in Warsaw's central business district stood at approximately 6.2% and 6.75% in non-central Warsaw locations. Prime shopping centre yields were recorded at 6% in Warsaw and major regional cities, while in smaller cities shopping centre yields stood at approximately 7.75% - 8.25%.