The commercial property investment volume on the Czech market fell to €340m in the first quarter of 2016. Investors mainly targeted regional shopping centers, hyper and supermarkets and retail parks, which accounted for 54 percent of the total investment volume. The total transaction volume, however, dropped 63 percent y-o-y and 12 percent q-o-q, according to BNP Paribas. The drop was due to the sales of the Palladium shopping center and Panattoni Park Prague Airport in Q1 2015. Based on the number of deals currently under negotiation, the investment volume for Q2 2016 should be near last year’s record of €2.8bn, writes BNP Paribas. Palmer Capital’s €100m acquisition of Atrium European Real Estate’s portfolio was the largest transaction in Q1 2016. Yield compression continues, with highstreet retail selling at 4.5 percent, office at 5.75 percent and logistic parks at 6.5 percent, says Lenka Šindelářová, head of BNP Paribas Real Estate CR consultancy.
