Germany accounted for nine big retail deals in excess of EUR 150 mln in the first nine months of the year, or a total of EUR 3.7 bn, according to figures from PropertyEU. Just under half of the deals in the list were by cross-border investors. The bulk of the transactions took place in regional cities, particularly in the UK and Germany.
Germany accounted for nine big retail deals in excess of EUR 150 mln in the first nine months of the year, or a total of EUR 3.7 bn, according to figures from PropertyEU. Just under half of the deals in the list were by cross-border investors. The bulk of the transactions took place in regional cities, particularly in the UK and Germany.
The Czech Republic accounted for no less than three of the top 25 retail deals in the first nine months of the year, or almost 10% of the total. With a total of EUR 741 mln, Czech Republic by far outpaced France which chalked up only one deal in the top 25 worth EUR 148 mln.
Poland generated three retails deals, including the Promenada shopping centre in Warsaw acquired by Atrium European Real Estate at the beginning of the year.
Combined, Poland and the Czech Republic represent Central and Eastern Europe's retail investment powerhouses with combined investment volumes of EUR 1.7 bn in the year to date, according to figures from Jones Lang LaSalle, up significantly on full year volumes of EUR 1.4 bn and EUR 323 mln for 2010 and 2009 respectively.
The full story appears in the November issue of PropertyEU Magazine. Click on the link to subscribe
