JLL: Poland has 28% share in investment volume in CEE

The preliminary Q1-Q3 2015 investment volume in the CEE region totals ca. €5.5 billion and represents a 22% growth year on year, JLL estimated in a report. The summer months have again seen a hive of activity across the CEE with a preliminary transaction volume of well over €2.8 billion recorded in the third quarter. This quarterly figure represents one of the strongest third quarters in the market’s history and is only marginally short of the record breaking year of 2007. This activity brings the preliminary year-to-date regional investment volume to more than €5.5 billion and represents a 22% growth year on year, the report indicated. "With the final quarter of the year often representing one of the busiest periods for our investment teams, and looking at the pipeline of deals that are in advanced stages, we predict that the CEE regional volume could reach the €8 billion mark by the year end. Should the that happen, it would put 2015 at the highest level since the economic downturn and third highest in the past 12 years," Kevin Turpin, Head of Research CEE at JLL said, as quoted in a press release. The Czech Republic currently leads in terms of investment volumes with a share of 43% (value at €2.39 billion) followed by Poland with 28% (value at: €1.55 billion), Romania with 11%, Hungary with 10%, Slovakia with 2% and the SEE countries recording improved activity with a 6% share. Prime office yields (Prague and Warsaw) are at between 5.75 - 6.00%. Retail yields for best in class products are at 5.00 – 5.25% and truly prime warehouse asset yields are expected at 6.50 – 6.75%, JLL also estimated.