Office yields in Prague have fallen to 4.5 percent as money continues to flow into the country’s real estate sector. Two deals of over €200m took place in Q1 and Colliers International counts another €1.5bn worth of deals in the pipeline. Hanwha Investment & Securities picked up the Waltrovka office complex, while R2G Group bought the InterContinental Prague for €225m. Local investors were the biggest spenders, accounting for 35 percent of the total volume, followed by South Korean, which Colliers calculates to have made up 24 percent. Germans came in third with just 10 percent. Gross take-up for office space in Prague rose 16 percent in the first quarter, reaching 95,200 sqm.
