Based on independent external appraisals, CA Immo expects a property valuation effect of approx. €205 million (€2.07 per share) for the fourth quarter. The increase in value will more than compensate for the valuation loss of €21.5 million (€0.22 per share) booked in the first three quarters of 2020.

The total investment volume achieved in 2020 in the SEE region amounted to €766 million representing a 17% decline in transaction volume in comparison to the year before, according to CBRE’s market report summarising H2 2020 on the investment market.

2020 was a channelling year for investors and asset managers but also a chance to lay a new foundation for tenant relationships. Vladimír Bolek, Portfolio Management, Member of the Board at IAD Investments talked to Property Forum about the effects of the pandemic and shared his investment strategy for 2021.

Skanska invests €45 million in the second phase of the Equilibrium project in Bucharest, the company announced.

Although the Czech Republic spent Q4 in a state of emergency, with borders being more closed more often than open towards the year’s end, the Czech real estate investment market finished on less than record-breaking results but, considering the challenging year, it was far from being bad, according to Colliers International’s latest investment market report.

CTP has announced a 15% annual growth which helped the company reach €344 million of annualised rental income by the end of 2020. With a portfolio of 6.3 million sqm and 740,000 sqm under construction at year-end 2020, CTP solidified its position as the largest logistics property owner and developer based on GLA in the Czech Republic, Romania and Serbia while announcing new developments in Austria, Poland and Bulgaria.

NEPI Rockcastle enters the residential market and builds apartments near Vulcan Value Center in Bucharest, Profit.ro informs.

Total commercial real estate investment into the Slovak market amounted to €502 million in 2020, a year-on-year decrease of 27%, according to Cushman  & Wakefield’s market reports for Q4 2020.

Property investment volumes for the CEE region totalled €10.4 billion in 2020, 24% below 2019 levels. Poland, the Czech Republic and Hungary all saw year-over-year declines in volumes. Romania, Slovakia and Bulgaria all saw increases. By comparison, EMEA  volumes are estimated to be down by ca. 27% YoY but Colliers’ latest reports indicates a strong rebound in 2021. Investor appetite remains strong for 2021 for the CEE region but will continue to be challenged by available product and the varying impact of COVID on certain sectors.

2020 was a good year for the Romanian transaction market, with a volume that approached the threshold of €1 billion. Most of the transactions concluded were for office buildings, with a volume of €784 million. Although estimates for 2021 are more modest, we can expect the sale of several important assets to go through this year. Property Forum lists the office buildings in Bucharest that could change owners in the next 12 months.