Property investors still interested in CE region
According to Cushman & Wakefield, investment activity in the key Central European markets of Poland, Czech, Slovakia, Hungary and Romania was maintained in the first quarter of 2013 with €958 million invested, some 6% above the 5 year average. Whilst down on the previous quarters €1.826 billion, positive investor sentiment and underlying activity suggests investment volumes for the year should match those achieved in 2012. Investment volumes in Poland, Czech and Hungary were increased by some €258 million following Norges joint venture with Prologis in respect of a portfolio of high quality distribution facilities. This single transaction represents 50% of the total investment into the industrial sector across CE during 2012. Hungary attracted €159 million in Q1 2013, significantly up on the same period in 2012.
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