The volume of Czech real estate investment transactions in Q3 2022 reached €149 million, which represents a 61% drop in comparison with Q3 2021. Cumulatively the investment volume totalled €1.4 billion. If we added transfers of single assets and portfolios among related parties, the quarterly volume reached €390 million, almost the same as in the same period last year, says 108 Agency.

The City of Prague plans to improve conditions for real estate developers by lowering the number of mandatory parking places in residential and office buildings. Thanks to a new legal amendment, they will no longer have to build a mandatory garage space for each apartment. The amendment, which will now be open for 45 days for comments, would help real estate investors and developers, as well as those who want to do extensive reconstruction, writes E15.cz.

GLP has acquired a 60,000 sqm logistics centre in Bieruń from SPM. The seller will lease the building back for another ten years.

Iris office building, located in Warsaw at 9 Cybernetyki Street has been sold by the entity being a part of CPD Group to DL Invest Group. Avison Young brokered the transaction and represented the seller in the disposal process.

The largest rooftop solar power plant in the Czech Republic is to be built on a manufacturing campus in Tachov in the Plzeň Region. The estimated investment is almost €9.17 million, the Urbanity Real Estate Group announced.

JLL has announced that Robert Paulson has been appointed Head of Capital Markets for the Czech Republic. In a move to support the growth and evolution of its Capital Markets business across the region, Rob’s appointment is effective immediately.

Panellists were unanimous at the discussion on investments in SEE countries at CEE Property Forum 2022 in Vienna. They agreed that the lack of investment products is the biggest hurdle in the CRE market in that region while developers and banks should rethink their long-term strategies as economic pressure mounts every day.

The flow of international capital to Mediterranean countries is still very strong but investors seem reluctant to put more money into the office and retail sectors due to growing economic uncertainties, panellists emphasized in the discussion at the recent CEE Property Forum 2022 in Vienna.

The volume of investments in commercial real estate reached a total value of €368 million in the Czech real estate market in Q3 2022. Most of the investment transactions were mainly in the office and retail segments. Czech investors were the most active investors in this period. Demand for prime real estate is still stronger than what is on offer on the market, Knight Frank said in its report.

Investment transactions in Romania’s commercial property sector amounted to €656 million in the first three quarters of 2022, which was up 16.5% compared to the same period of last year, with offices driving deal volumes, according to real estate consultancy JLL Romania.