Global real estate services firm Cushman & Wakefield summarises Q3 2022 on the CEE property investment market.
Investment volumes of over EUR2bn for Q3 are substantial, albeit lower than the previous two quarters. This reflects the slowdown in transaction activity experienced since Q1 this year. Key deal closings this quarter (sale of Generation Y, Warsaw office by Skanska (PL), Hillwood’s Project Danica industrial portfolio (PL), and Prime Kapital ‘s sale of its Retail portfolio (RO) are transactions agreed upon and contracted at the start of the year,
says Jeff Alson, International Partner, Head of CEE Capital Markets at Cushman & Wakefield.
Higher yielding real estate such as retail warehousing, regional offices, or non-CBD office and some SEE markets are expected to show some resilience as they maintain a positive arbitrage to the new cost of debt. The presence of local capital in these deals and markets also allows for some consistency. Traditional pan-European investors take longer to engage in new transactions,
adds Jeff Alson.
POLAND
CZECH REPUBLIC
HUNGARY
ROMANIA
SLOVAKIA
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Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 50,000 employees in 400 offices and 60 countries. In 2021, the firm had revenue of $9.4 billion across core services of property, facilities and project management, leasing, capital markets, and valuation and other services. To learn more, visit www.cushmanwakefield.com