Is the CEE/SEE region likely to attract more institutional investment? (and if so why?)
The higher returns compared to top markets in Western Europe will keep CEE/SEE region attractive to institutional investors. For example, Asian investors are looking for opportunities at CEE/SEE.
Where are the pockets of opportunity for so-called ‘frustrated opportunistic capital’?
In CEE/SEE region, these kind of opportunities could be in established locations with assets requiring reconstruction/redevelopment together with repositioning on the market through active asset management. Some niche sectors could also provide opportunities.
Which asset classes are you focusing on? (and why?)
We are focusing to office assets because we have a long term experience from that sector.
Tell us about one of your projects.
A: PASSERINVEST GROUP is a developer of BB Centrum, an established business park providing over 200,000 m2 of office space and located in the main office district of Prague 4. The total investment costs for BB Centrum are so far exceeding 500 million EUR. BB Centrum is not only a business park; it also provides apartments, services, shops, restaurants and parks, along with a community centre, a kindergarten and a primary school.
You have been part of CEE GRI before what’s in it for you?
It is an excellent event to discuss about real estate market with senior representatives from various sectors and countries. It is an opportunity to get new information and access to market views from other countries.
