A total of €1.41bn in 23 deals was transacted on the Czech property market in the first three months of the year. This is €980m above the 10-year Q1 average and the second strongest quarter following Q4 2016 in Czech investment volume history, according to CBRE. On a rolling 12-month basis, €4.7bn were invested on the Czech market, making it the most successful period on record. The retail sector dominated the market in Q1 with a 63-percent share, or €900m transacted, followed by the office sector with a 20-percent share of the total market volume. The Q1 figures were boosted by three €200m+ transactions, including the sales of the Letňany shopping center in Prague and the Olympia shopping center in Brno as well as CPI’s purchase of a major cross-border, predominantly retail, portfolio. Local investors were the most active with a 37-percent share of the market in Q1, followed by German investors who accounted for a 33-percent share.
