A total of 59 investment deals running to €2.44bn, closed on the Czech market last year, up €415m y-o-y. After 2011, this was the second largest volume seen in the past nine years. Including the properties traded as part of the P3 Logistic Parks acquisition, the 2016 investment volume was the highest ever, rocketing to €3bn, according to the latest report published by Cushman & Wakefield. Czech investors added their own record, having invested €1bn, bringing their share of the total investment volume to 44 percent. Office accounted for €1.5bn, followed by retail with €800m. The retail sector saw 22 transactions, twice the average of the past five years. Increased activity and lack of product put yields under continuous pressure. “Today, yields in all sectors are at least 25 basis points under the level at the end of 2007 and the beginning of 2008. We see the largest differences compared with the pre-crisis period in the case of industrial properties and the Prague high-street retail space,” said Alexander Rafajlovič, associate with the capital markets team at Cushman & Wakefield.
