The two main reasons for this are improving market fundamentals and SCPIs’ continued aspiration to diversify. Net inflows reached €4.5 billion in 2025, up 44% year on year, with a strong final quarter totalling €1.3 billion. Capital has been concentrated in a number of leading vehicles, notably Transitions Europe, managed by Arkéa, Corum Origin and Iroko Zen, with each attracting over €500 million. This concentration reflects a clear preference for SCPIs with an international or pan-European strategy, as investors increasingly prioritise geographic diversification.
Poland, as the biggest market in Central and Eastern Europe (CEE), is the obvious entry point to the region and the country currently offers prime yields in the low 6% for hotels or office assets, which appeals. The IMF forecasts that Poland’s economy will grow 3.3% in 2026, well above the figure of 1.3% for Europe as a whole, making it an attractive investment case on a regional level.