Commercial property investments increased by 4 percent to â¬268m in the first quarter of the year, according to the latest report published by DTZ. The full-year investment volume is expected to reach â¬1bn. Nine transactions closed in Q1: three deals between â¬20 and â¬50m, four between â¬10m and â¬20m and two between â¬50m and â¬100m.
Office accounted for 49 percent of the total investment, followed by retail with 27 percent, while mixed-use properties accounted for 22 percent. Only one transaction, or 2 percent of the total, closed on the warehouse market: the sale and leaseback of Bang & Olufsenâs building in KopÅivnice.
The most notable deals included the â¬71.5m acquisition of Fashion Arena Outlet Center by Meyer Bergman and Tristan Capital Partnersâ purchase of Praha City Center. Yields dropped by 0.25 percent to 6 percent for office and shopping centers. High-street shops saw yields fall by 0.5 percent to 5.5 percent, while warehouse yields dropped by 0.25 percent to 7.75 percent, according to DTZ.
