Europe

MarketView CEE Retail Investment - February 2011

February 2011

CEE retail investment turnover doubled compared to 2009 and reached €1.8 billion in 2010

Continued interest in defensive retail assets and the completion of some prime transactions resulted in 2010 turnover reaching 1.8 billion, twice the level registered in 2009. This growth was far from even with Poland accounting for more than half of the total turnover in 2010. Poland was not only the most liquid market but was also one of the few markets with a strong cross-border investor basis. In most other markets, especially in EE, local buyers and non-institutional purchasers have become more important. Market liquidity has increased across most markets, but due to restricted trading of prime product in markets such as Czech Republic the number of transactions has remained relatively low. The level of distress during 2010 steadily increased. The expectation is that this trend will continue in 2011.

Author(s): several

Source: CB Richard Ellis

Published: 03.03.2011