CBRE: Commercial real estate investments in Central and East Europe amount to almost 100 million euros in April 

Luni, 1 iunie 2009, 19:25 English | Business

The investments in the real estate markets in Central and Eastern Europe (CEE) recorded approximately 100 million euros in April. The sum paid for five transactions, representing a lower figure compared with April 2008, but it is a 32% increase against the medium figure recorded on the real estate market during the first 2009 trimester, according to real estate consultancy CB Richard Ellis’ report.

April’s transactions featured three retail deals, one office transaction and one industrial, the report informs.

"With five transactions in April, the main Central Europe markets, like the Czech Republic and Poland, remain the most active markets in CEE, not only in regards to the number of closed transactions, but also from the investors’ interest perspective" head of research and consultancy CBRE division Jos Tromp said.

The consultancy sustains that April’s results "confirm that the CEE real estate investments market remains slow and reflects its reliance on the open German investments funds". The most active investor from the CEE in 2009 has been DEKA: the company bought Jungmannova Plaza from Prague and Grzybowska Park from Warsaw.

CB Richard Ellis (CBRE), one of the biggest real estate services worldwide, also active on the Romanian market, recorded a loss of 36.7 million dollars during the first 2009 trimester. During the same period last year, the company made a 20.5 million dollars profit.