Commercial real estate investment in Central & Eastern Europe (CEE) amounted to over €10 bn in 2013, the best result since 2008, according to a new research report published by CBRE.
Commercial real estate investment in Central & Eastern Europe (CEE) amounted to over €10 bn in 2013, the best result since 2008, according to a new research report published by CBRE.
'2013 proved to be one of the most active and exciting years,' commented Mike Atwell, head of CEE capital markets at CBRE.
CBRE's CEE capital markets team was involved in over €1.2 bn in 2013, including 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.
CBRE's capital markets team in CEE consists of 30 professionals covering Austria, Czech Republic, Hungary, Poland, Russia, Slovakia, Romania and Russia.
'We have started the year extremely positively and there will soon be announcements of some large high profile transactions,' added Mike Atwell, head of CEE capital markets. '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.'
