Record high deal volume in industrial real estate - Cushman & Wakefield
17:03
The value of investment transactions will likely total some €3 billion in 2014, and could even exceed last year’s result of €3.13 billion, according to preliminary data compiled by advisory Cushman & Wakefield.
“Even though the year has not yet ended, we can say that it has been the best year since 2006 in the office segment, while in the warehouse-industrial segment it was an all-time best,” said Łukasz Lorencki, senior consultant at Capital Markets department of Cushman & Wakefield.
Office deals totaled some €1.59 billion (33 percent increase year-on-year, and in regional cities as much as 100 percent more y/y). The volume of warehouse investments concluded in 2014, at €706 million, was 60 percent higher than the volume seen in the previously record-setting 2012.
Meanwhile, the total value of transactions in the retail segment fell by 55 percent compared to last year’s figures.