Total real estate investment volume in the Czech Republic exceeded €3.7 billion in 2016, CBRE revealed. The most notable transactions in 2016 were the sale of P3 Logistics Parks, the Park and Florentinum, with 67 transactions being mediated on the Czech market in total.
“Asian investors that are active in the CEE market tend to be focussed on larger transactions, such as dominant properties, portfolios or even by taking an ownership interest in a real estate operating platform itself, such as the recent acquisition of P3 Logistics Parks by GIC, the Singaporean Sovereign Wealth fund”, Chris Sheils, Head of Investment Properties at CBRE commented.
CBRE predicts continued downward pressure on prime yields in the investment sector; however, this decline will be slower than in previous years. Currently, they monitor more than 50 ongoing transactions on the market with a total investment volume of over €3.3 billion, which could be closed by the end of 2017. CBRE further predicts that more than 50% of the total investment in 2017 will be regional.
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