Asian investors poured CZK 36bn into property assets in the Czech Republic last year. Their investment volume outstripped traditionally strong German or Czech investors, according to CBRE. Chris Sheils, head of capital markets at CBRE, said that Asian investors, when conducting business in the CEE region, focus on landmark properties, property portfolios or shares in real estate companies. The total property investment volume for 2016 reached a record €3.7bn (approximately CZK 100bn). Asian capital accounted for 36 percent, while Czechs invested 32 percent and Germans 12 percent. The largest transaction was the purchase of the European portfolio of logistics developer P3, for which Singaporean investor GIC paid €2.4bn. M&L Hospitality, which bought Hilton Prague Old Town, is also from Singapore.
