The volume of commercial property investment in the Czech Republic reached €3.15bn in 33.5 percent rise from 2018, when the figure was €2.36bn. Colliers International reports that the average deal size was roughly €35m and that six exceeded the €100m mark. Office properties provided the largest share of deals (48 percent) followed by hotels (17 percent), retail (15 percent) and industry (13 percent). While the volume of deals rose, Colliers writes that the total number of deals (85) was similar to 2018’s 79 recorded transactions. The continuing rise of demand from family offices and private capital and the growing number of retail funds has ensure that demand from local investors continues to rise and makes up the largest portion of demand. Newcomers in 2019 included Star Capital (which bought Lighthouse) and Investika (which acquired Galerie Butovice), while Wood & Co., an established name in the market, bought Greenline Kačerov. Colliers predicts that yields will largely stabilize in 2020 though there could still be some compression for secondary product.
