Investment transactions talling €6.2 bn were recorded by JLL in the CEE region during 2013. This represents a circa 57% year-on-year increase compared to 2012 volumes (€3.9 bn).
Investment transactions talling €6.2 bn were recorded by JLL in the CEE region during 2013. This represents a circa 57% year-on-year increase compared to 2012 volumes (€3.9 bn).
Poland remained the leading regional market with a share of about 55% in the CEE, followed by the Czech Republic (22%), Hungary (7%), Slovakia (5%) and Romania (4%). Bulgaria, Croatia, Serbia and Slovenia made up the remaining 6%.
Troy Javaher, Head of Capital Markets, CEE, JLL, commented: '2013 posted a very robust albeit inconsistent performance across the CEE. Poland remained the primary investment destination with 55% of the total investment volume, hitting a post-2006 high of over €3.4 bn.
'The Czech Republic and Slovakia experienced a strong rebound and there is now substantive interest in selected opportunities in Hungary and Romania. We observe two dominating investment strategies: core funds targeting prime properties and willing to bid competitively to secure product, and value add funds targeting portfolio and platform deals. We also see the CEE region continuing to attract new capital.'