Â鶹ӳ»­

Colliers International advised on a total of €2 bn of buy and sell transactions in Central and Eastern Europe (CEE) during 2014.

This is almost double the 2013 volume Colliers assisted on in CEE the previous year. Overall, Colliers International closed deals in Poland, Russia, the Czech and Slovak republics, Hungary, Romania, Bulgaria, Estonia and Lithuania in 2014.

The largest transaction for the region was Russian investor O1 Properties taking a 16% stake - with plans to expand the holding to 26% - of CEE real estate group CA Immo. The transaction volume was €295 mln for the initial 16% stake in the Vienna-listed company which manages €3.5 bn in assets in nine markets. Colliers advised 01 Properties.

In 2014 Colliers closed five deals of over €90 mln each in Central and Eastern Europe. These were:

1. Lipowy Office Park sold by CA Immo | Warsaw | Value: €110 mln
2. Atrium 1 sold by Skanska | Warsaw | Value: €94 mln
3. Dominikanski Office sold by Skanska | Wroclaw |
4. Logistics portfolio sold by CA Immo | Poland and Romania
5. CA Immo stakes sold to O1 Properties | Multi Market - Value: €295 mln

Aside from CA Immobilien Anlagen and O1 Group Limited, Colliers’ investment team advised Skanska Property, Avestus Real Estate, Prologis, Invesco Real Estate and Griffin Real Estate.

Damian Harrington, regional director of Research commented. 'Bearing in mind the significant challenges the regional market faced in 2014, it is encouraging to see that activity remained robust, with investment volume growth noticeable across the majority of markets outside of Russia and Ukraine. As the global investment cycle continues to run its course and investors continue to seek yields and opportunities globally, we anticipate another strong year for the regional investment market as local and global investors compete for product.'