Of the €6bn of capital invested into real estate in CE countries in 2014, over 85 percent went into Poland and the Czech Republic. The Czech share of CE investment volumes has been increasing since 2012 and last year’s result was two-thirds the size of Polish volumes, according to the recent CBRE investment report. As for 2015, CBRE predicts that Czech investments will grow further, with the Palladium transaction set to have a major impact. Retail and logistics have attracted high interest levels from investors and there was strong unsaturated demand for prime office product.
The Czech Republic “has been traditionally benchmarked as the alternative investment destination to Poland,” says Tomáš Jandík, Associate Director Capital Markets, CBRE. “As prime yields in Poland compress together with other liquid EMEA markets, the risk-adjusted pricing for Czech Republic becomes more interesting.”
