Manova Partners is further expanding its investment activities in Central and Eastern Europe (CEE) and is focusing its strategic focus in particular on the Polish real estate market. The internationally active real estate investment manager has a real estate portfolio in the region with a current market value of more than EUR 1.4 billion. Of this, more than 800 million euros are attributable to Poland, around 400 million euros to the Czech Republic and 200 million euros to Hungary and Romania. The company’s strategy focuses primarily on high-quality office and logistics properties in established metropolises and high-growth economic centres. Manova is planning further acquisitions in the short and medium term, especially in Poland.
More than two decades of investment experience in CEE
Manova Partners has been active in Central and Eastern Europe for more than two decades and is one of the early international investment managers in the region. The company made its first investments in Poland as early as 2004 and continuously expanded its presence in several CEE markets in the following years. Today, the portfolio in Poland comprises over 600,000 square metres of office and logistics space in a total of 19 properties, while in the Czech Republic around 125,000 square metres of office space is held in a total of three properties in Prague.
“If we look at return potential, market size and economic prospects together, we currently see the most interesting opportunities in the CEE region in Poland,” explains Katarina Horvathova, Head of Transactions CEE and Country Head Czech Republic at Manova Partners. “There are currently very attractive investment opportunities, especially in the logistics segment and in high-quality office properties in central locations.”
“A key success factor of the strategy is our very operational asset management approach. Thanks to our local presence and close contact with tenants and markets, we can identify developments at an early stage and react quickly. This is crucial in a dynamic real estate environment,” says Lukasz Pawikowski, Associate Director and Head of Asset Management CEE & Nordics at Manova Partners.
This approach has made a significant contribution to the stable performance of the portfolio: In the CEE region, Manova Partners currently achieves an occupancy rate of around 96 percent.
Poland as a key growth market
GDP growth of around 3.5 percent is forecast for 2026, compared to an EU average of about 1.4 percent. In addition, experts expect Warsaw to be the fastest growing city in Europe this year. Extensive infrastructure investments – including a record expansion of the road network in 2025 as well as aviation and rail projects – are further strengthening the country’s logistics and connectivity profile. Demand for modern logistics and office space remains high. With a transaction volume of EUR 4.5 billion in 2025, Poland is one of the most attractive European locations for investors.
While Poland is currently the focus of the investment strategy, Manova Partners remains active in other markets in the region. In addition to the Czech Republic, the company continues to monitor opportunities in countries such as Hungary, Romania and Slovakia and selectively examines new investments there.
Attractive prospects in a European comparison
Real estate investments in Central and Eastern Europe often offer higher initial yields combined with competitive external financing options. At the same time, the economic conditions in many CEE countries have improved significantly in recent years.
Against this backdrop, Manova Partners continues to see the region as an important part of the European real estate allocation of institutional investors. Capital comes mainly from institutional investors, e.g. Pension funds and insurance companies looking for long-term and diversified investment options.
