Commercial real estate transactions prospering in central and eastern Europe | 24 June 2013
Commercial real estate volume in central and eastern Europe managed to grow by an impressive 30 percent in the five months to May.
Warsaw Skyline Reported by pie-mag.com, the June MarketView report by CBRE suggests commercial real estate volumes in the region managed to reach 3.7 billions euros to the end of May.
The report highlights strong trading in Russia, with 2.5 billion euros worth of property investment volumes, while Poland reported 750 million euros worth of transactions, adds property-magazine.eu.
Central and eastern Europe remains a popular market for investors, characterised by ten transactions worth over 100 million euros each being closed in 2013. It is thought that lot sizes of this type will continue throughout the year and will remain ‘a driver of strong investment flows into CEE.’
Mike Atwell, CBRE head of capital markets CEE & Poland, commented on the figures: “Investors believe that they can generate value on the back of good quality locations in combination with value-add properties, some even in regional locations.
“We are now seeing several investors looking more positively at the regional locations across Poland in both the retail and office sectors as long as the basic real estate fundamentals are strong and there are opportunities for value enhancement through asset management activities,” he added.
The views expressed in this post are those of the author and are not necessarily those of Qube Global Software. All facts are verified where possible directly by the author.
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