Investment activity on property market at €365 mln Q2 - C&W

Investment activity in the Central European markets of Poland, Czech Republic, Slovakia, Hungary and Romania maintained momentum with €881 million invested in Q2. A total of €2.21 billion has been invested in the region this year to date, according to global property adviser Cushman & Wakefield. Poland saw the highest volume of transactions over the second quarter (€365 million). Furthermore, the half year results show that the Czech Republic and Poland continue to attract the strongest interest from investors. However, Hungary was the only country that saw higher activity in Q2 than in Q1. It was also the only country that saw recent activity volumes above the 5 year quarterly average. The largest portfolio deal in Q2 was Aviva’s sale of their mixed use CE portfolio of ten assets for a reported  €185 million, whereas Lone Star acquired assets across the Visegrad countries. The largest single asset deal was concluded in Prague with the sale of the Arkády Pankrác shopping centre for €162 million,  which was advised by Cushman & Wakefield’s capital markets team.