Increased CEE investment activity expected in 2014
According to the latest data from CBRE, in 2013 real estate investment volume in Central & Eastern Europe (CEE) amounted to over €10 billion. It was the best result since 2008.
2013 proved to be one of the most active years in the CEE investment market for many years with increased investment volumes across most regional markets.
Mike Atwell, Head of CEE Capital Markets, CBRE, commented: “2013 proved to be one of the most active and exciting years for CBRE. Our CEE Capital Markets team has transacted over €1.2 billion in 2013, being involved in the most significant transactions like the sale of the Charter Hall portfolio to Tristan, the acquisition of Galeria Kazimierz in Krakow by Invesco, the acquisition of Andel Park on behalf of GLL in Czech Republic, and the sale of Infopark in Budapest to Bluehouse.”
Mike Atwell added: “We have started the year extremely positively and there will soon be announcements of some large high profile transactions. At the moment we have also secured a number of sales mandates such as the sale of Plac Unii on behalf of Liebrecht&Wood and BBI Development in Warsaw.”