Colliers International has advised vendors and buyers on transaction volumes of over 鈧�1 bn in CEE so far this year.
Colliers International has advised vendors and buyers on transaction volumes of over 鈧�1 bn in CEE so far this year.
The third quarter was the most active for the firm in terms of the investment services provided for clients in CEE.
Transacted assets in Poland, the Czech Republic and Romania dominated in terms of the scale, size and quality while the sale of CA Immo shares to O1 Group Limited was a landmark transaction in terms of the substantial value of the client鈥檚 portfolio, according to the property adviser.
Damian Harrington, regional director of research for Eastern Europe at Colliers International, said: 'Despite a slow start to the year, market activity has picked up in the third quarter with just over 鈧�3 bn worth of deals closed. This takes the yearly total to date to just over 鈧�6.6 bn, which is in line with Colliers' outlook at the start of the year.
'Despite a slowing in Russian-based transactions, activity has continued to pick up across the region as a growing range of investors continue to seek out yield and product. Outside of the core Polish and Czech markets, Hungarian and Romanian investment volumes have already surpassed 2013 levels by around 20% and this is a trend we expect to continue well into 2015.'
