Roughly €770m in real estate transactions were completed in 2019, with an equal split between the first and second halves of the year. JLL reported the figure, adding that the amount looked set to surpass €1bn, but several transactions slipped into 2020. Rudolf Nemec, the agency’s head of capital markets, said that investors had focused on office and industrial assets. Of the total, said Nemec, “40% belonged to office, followed by 34% to industrial and 18% to retail asset class. For 2020, the total investment volume is expected to reach approx. between €0.8 to €1 billion.” The main deals in the office sector were Twin City C, Gorkeho 4 and Tatracentrum. Nemec added that 80 percent of the prime industrial stock has traded in the last five years and that the market is dominated by just a few specialists. The biggest deal in this sector was a deal for four Slovak industrial parks totaling 120,000 sqm in which JLL represented the seller, Macquarie Group. The buyer was the US-based private equity company TPG.
