The industrial market is currently enjoying the most interest from investors in Slovakia, but JLL says the first half of the year has been marked by caution. Two smaller deals were closed in the first six months, reports the agency, which predicts another three are scheduled to close over the summer. Office investment volume could pick up in the aumtum, however retail remains well behind the pace of last year, with just one deal being closed in Bratislava.
“Currently, the investment volumes are at low levels compared to the total expected volume, as the majority of deals will close in the second half of 2015. We do not expect the total yearly volume to exceed last year´s record of €610m, however the number of deals will be higher,” says Mirolsav Barnáš, managing director and head of capital markets at JLL Slovakia. He adds that the gap in pricing expectations between vendors and bidders has almost disappeared, with bidders now willing to employ more resources than before.
“Our view on prime yields as of Q2 stood at 7.00% for offices, 6.75% for shopping centres and 8.00% for industrial & logistics and retail warehousing,” writes JLL. In 2014, CEE’s regional investment volume reached €7.8bn, the third highest result for the region on record.
