Investment activity in the CE markets increased marginally to €536m in the third quarter 2012, according to the latest Cushman & Wakefield investment report. While this is an increase compared to the €435m in the Q2, volumes are significantly down on previous years. For the year to date, €1.90bn has been invested in the core CE markets, just 40 percent of the previous year’s €4.66 billion but in line with the volume invested for the same period in 2010.
Poland continues to lead, with €1.15 billion invested, ahead of the Czech Republic with €452m. “Volumes are down in the Czech Republic compared to 2011 but the key difference to 2010 is that underlying activity is strong. There are many investors that are currently working hard on deals but they are finding it extremely slow to actually complete them. However, at some point during the next 3-6 months, this activity will come through into the deal volume figures,” says James Chapman, head of Capital Markets at Cushman & Wakefield Czech Republic and Slovakia.
