According to global real estate services firm Cushman & Wakefield, 2022 witnessed a recovery in commercial real estate investment activity in CEE, with the year closing marginally up compared to the previous year. Total investment volumes in Central and Eastern Europe came in at EUR 10.7bn, up by 6.6% year-on-year. With more than EUR 5.7bn worth of deals, Poland continued to lead the way across the region.
Last year also saw a gradual expansion of interest towards retail assets, including shopping centres. However, the most consistent demand was reported for retail warehouses due to the unwavering popularity of e-commerce,
comments Jeff Alson, International Partner, Poland & CEE Capital Markets, Cushman & Wakefield.
POLAND
CZECH REPUBLIC
ROMANIA
SLOVAKIA
HUNGARY
Looking forward to 2023, we expect investor sentiment to improve across Central and Eastern Europe, with a gradual return to single asset transactions in the coming months, especially on the Polish industrial market. However, investors relying on their own financing will enjoy the upper hand,
concludes Jeff Alson.