Czech investment volumes to top 2012 total

Czech real estate investment volumes for the full-year 2013 will likely top the 2012 total of €610 mln, according to Colliers International.

'Given our view of the ''active" investment transaction pipeline, we expect that total transaction volumes for 2013 as a whole will exceed the €610 mln closed last year,' said Omar Sattar, MRICS, Managing Director, Colliers International Czech Republic. 'Prime yields seem to have flattened out with little prospect of softening or hardening expected over the course of this year.'

In 2012, a total of €610 mln of income-producing investment transactions were closed in the Czech Republic. The office sector accounted for 61% of the total volume of the country’s investment transactions. Approximately 90% of these deals by volume took place in Prague, demonstrating the continuing popularity of the capital city. Key deals included the purchase of Radio Free Europe’s HQ in Prague by L88 LLC and City Green Court by Deka Immobilien.